President Anura Kumara Dissanayake said recent economic indicators clearly demonstrate that the Sri Lankan economy has now entered a path towards stability, and that the government’s objective is to use this stability as a strong foundation to take the country towards a transformative era. The President also emphasised that the government’s objective was to use…
The Ministerial Consultative Committee on Energy Affairs approved the Order relating to the calling for investment proposals for the exploration and development of petroleum resources in Sri Lanka and the formalization of the relevant process. The approval was granted at a meeting of the Ministerial Consultative Committee held recently (11) at Parliament under the chairmanship…
Summer performance above expectations: Emirates carried over 8.6 million passengers between July and August; arrivals into Dubai on Emirates in the second half of August alone was up 7% on the same period in 2025 Fleet and network: 104 aircraft retrofitted to date; Premium Economy now available on 137 aircraft. 18 aircraft delivered since January,…
Business sentiment in Sri Lanka moderated during the second quarter of 2026 as heightened macroeconomic uncertainties driven by the conflict in the Middle East weighed on commercial operations. However, Sri Lankan firms expect a relative rebound in overall confidence in the third quarter as global tensions ease. According to the latest quarterly Business Outlook Survey…
Reuters – Applied Materials will invest $5 billion in India over the next decade to expand its presence in the country, the US semiconductor equipment maker said on Thursday at SEMICON India, the country’s flagship chip conference. India put its semiconductor ambitions on display at the three-day event in New Delhi that spans chip materials,…
The Sri Lanka Export Development Board (EDB), in collaboration with the Consulate General of Sri Lanka in Melbourne, successfully organised Sri Lanka’s first-ever national pavilion at Fine Food Australia 2026, held from 31 August to 3 September, 2026, at the Melbourne Convention and Exhibition Centre (MCEC). The landmark participation marked an important step in strengthening…
New report, authored by GSMA Intelligence in partnership with Huawei, released at UNESCO’s Digital Learning Week More than one in three (38%) people remains offline despite being covered by mobile broadband – and a lack of digital literacy skills is often to blame, according to new research published today. The new report, “Bridging the Divide:…
High Grown tea production in Sri Lanka dropped to its lowest monthly level in 34 years during August 2026, falling to 3.1 million kilograms due to persistent overcast skies and excessive rainfall. Preliminary figures released by the Sri Lanka Tea Board and reported by Asia Siyaka Commodities PLC confirm that August’s High Grown output is…
Zhang Yiming, the 43-year-old founder of TikTok parent company ByteDance, has officially become Asia’s wealthiest individual with a net worth surpassing $105 billion. His personal fortune climbed by more than $12 billion in a single month following upward valuation markups from major financial institutions, including BlackRock, Fidelity, and T. Rowe Price. These updated private valuations…
Sri Lanka’s Public Debt Management Office (PDMO), operating under the Ministry of Finance, Planning and Economic Development, successfully raised its targeted Rs. 70,000 million at the Treasury bill auction held today (16) though weighted average yields posted gains across all three maturity tenors. Yields nudged higher across the board compared to the previous auction: 91-Day…
Video Story
