By Prof. Samitha Hettige Being an agricultural society, Sri Lankans including the ancestors of President Gotabaya, Minister Mahindananda & the officials investigating the payments to the Chinese fertilizer ship may have successfully used bio fertilizer from times immemorial. However, PM Dudley had to sign the ‘Rubber Rice Pact’ with China in 1952 to fight famine….
Browns Investments PLC has sold its entire 9.99% stake in Hatton National Bank (HNB) today (May 27), in one of the largest recent stock market transactions. The 45.3 million shares were traded at Rs. 305 each via a crossing, generating Rs. 13.82 billion in turnover. Capital Alliance Securities (Pvt) Ltd acted as the broker for…
In a significant development, the total number of tourist arrivals to Sri Lanka so far in 2025 has surpassed one million. According to latest figures released by the Sri Lanka Tourism Development Authority (SLTDA), as of 25 May 2025, a total of 1,006,097 foreign nationals have arrived in the country. The SLTDA noted that although…
The Central Bank of Sri Lanka held the Financial Stability Conference on 23 May 2025 in Colombo, to celebrate its 75th anniversary and as a landmark event to highlight Sri Lanka’s success story in overcoming economic challenges faced during the recent past while preserving the financial system stability. Bringing together regional and international expertise, the…
A meeting between Deputy Prime Minister and Minister of Foreign Affairs of New Zealand Winston Peters and President Anura Kumara Disanayake took place this afternoon (26) at the Presidential Secretariat during Mr. Peters’ official visit to Sri Lanka. Conveying greetings on behalf of the Government and the people of New Zealand, Mr. Peters congratulated President…
Hambantota International Port Group (HIPG) has responded decisively to recent complaints regarding delays in vehicle clearance. Since February 2025, more than 9,151 vehicles, both used and brand new, have entered the country through the HIP, placing increased demand on port operations. In light of this, the Hambantota International Port Group (HIPG) has implemented a series…
During the Passenger Terminal Expo 2025 in Madrid, Huawei launched five aviation solutions, notably including the Smart Airport Intelligent Operation Center (IOC) to advance intelligent industry upgrades. Huawei executives, including Mr. Dong Fangshuo, Vice President of Huawei’s Smart Transportation BU, Mr. Yang Guojie, Director of Transportation Industry Solution Domain from Huawei’s Data Communication Product Line,…
The Commercial Bank of Ceylon and its Managing Director/CEO Mr Sanath Manatunge have been named the ‘Best Managed Bank’ and the ‘Best Bank CEO’ in Sri Lanka respectively by The Asian Banker (TAB) magazine, bestowing on them two prestigious accolades that are presented once in every three years. These awards, in respect of the 2022-2024…
Sri Lanka Tourism marked an important milestone by hosting the prestigious British Guild of Travel Writers (BGTW) Media Convention from 13th -23rd May 2025, with the aim of enhancing destination exposure with the top UK travel media and to generate high-level publicity for the Sri Lanka in the UK market. The group consisted of 34…
Sri Lanka’s export sector demonstrated remarkable resilience and steady progress during the first four months of 2025, with total exports reaching US$ 5,583.25 Mn, marking a robust 6.9% increase compared to the same period in 2024. This upward trend reflects renewed momentum across key industries and underscores the sector’s adaptability in an evolving global trade…
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