The Research Vessel Dr. Fridtjof Nansen has successfully completed a marine scientific survey in Sri Lankan waters and departed Colombo, marking the conclusion of a critical mission to strengthen the country’s ocean knowledge base. As part of the EAF-Nansen Programme of the Food and Agriculture Organization of the United Nations (FAO) and Norway, the vessel…
Mila Fashion (Pvt) Ltd has clarified that it has not ceased operations, following recent media reports concerning its Welioya facility. The company stated that it is currently carrying out a temporary and structured operational consolidation as part of a broader business continuity measure, in response to global market conditions affecting the apparel sector. The company…
Unisys (NYSE: UIS) today announced the integration of Sri Lanka-based Fits Cargo into its Cargo Portal Services (CPS) platform, significantly broadening global route options and booking capabilities for freight forwarders. As a hybrid air cargo carrier with an extensive worldwide network, Fits Cargo brings reliable connectivity from Sri Lanka and key origins across Asia and…
In a major step forward for Sri Lanka’s digital economy and foreign exchange inflows, the government has decided to enable direct receipt of funds into Sri Lanka through PayPal, one of the world’s leading online payment platforms. The move comes after years of requests from the country’s business community, IT professionals, and freelancers, who have…
The Colombo Stock Exchange (CSE) experienced a significant upward trajectory today (07), characterized by robust trading volumes and broad-based gains. Investor sentiment remained positive throughout the session, pushing major indices further into the green. The benchmark All Share Price Index (ASPI) surged by 258.09 points, representing a 1.13% increase. Simultaneously, the blue-chip S&P Sri Lanka…
Oilprice.com – Front-month Brent Crude futures dropped to below $100 per barrel again in morning trade in Europe on Thursday (07), reversing earlier gains, as the market hopes the U.S. and Iran could be able to reach an agreement that would eventually reopen the Strait of Hormuz. Following a steep selloff on Wednesday, which crashed the…
As Sri Lanka looks to better position its mineral sands resources within a globally competitive and responsibly developed industrial framework, The Ceylon Chamber of Commerce will host a one-day Technical Conference on the mineral sands sector on 17 June at the Galle Face Hotel, Colombo from 9.00 a.m. to 5.00 p.m. As global demand for…
A business meeting between the Karachi Chamber of Commerce and Industry (KCCI) delegation and the Sri Lanka Export Development Board (EDB) was successfully held on 6th May 2026 at the EDB premises in Colombo, reaffirming the longstanding economic ties between Sri Lanka and Pakistan. The meeting was headed by Mr. Mangala Wijesinghe, Chairman and Chief…
Emirates remains the world’s most profitable airline The Emirates Group today released its 2025-26 Annual Report, achieving new record profit, revenue, and cash balance levels, despite a disruptive and challenging 12th month in its financial year. Emirates is the world’s most profitable airline in the 2025-26 reporting period. For the financial year ended 31 March 2026, the Emirates…
The US Dollar surged past the Rs. 320 threshold against the Sri Lankan Rupee today (07), marking the first time it has done so since January 23, 2024. According to market data, the mid-rate of the dollar stood at Rs. 320.45 today. The buying rate was recorded at Rs. 317.26, while the selling rate reached…
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