At the initiative of the Deputy High Commissioner of Sri Lanka, Dr. Ganesanathan Geathiswaran, the Deputy High Commission of Sri Lanka in Chennai successfully organized the first-ever “Sri Lanka Food Festival 2026” from 24th to 26th April at Green Meadows Resort, Chennai. The Festival provided a unique platform to showcase the rich and diverse culinary…
The Planters’ Association of Ceylon (PA), the apex body of Sri Lanka’s Plantation industry, has called for an urgent review and streamlining of the industry’s cost structures in light of the unprecedented crisis in West Asia and the Strait of Hormuz. Currently, approximately 45% of Sri Lanka’s total annual Tea exports – equivalent to approximately US$…
Financial impact of the fraud of LKR 13.20 billion fully recognised in FY 2024, FY 2025 and Q1 2026 financial periods LKR 2.67 billion financial impact arising from the fraud incurred in 1Q 2026 leading to a profit before all taxes of LKR 3.47 billion Gross income reaches LKR 26.50 billion during 1Q 2026, a…
Sri Lanka’s external current account recorded a marginal surplus in March 2026, bringing the total cumulative surplus for the first quarter of the year to USD 531 million. Despite this overall positive balance, the period was marked by significant volatility driven by the ongoing war in the Middle East, which has simultaneously driven up fuel…
The Palm Oil Industry Association (POIA) recently organised a media roundtable in Colombo to discuss the economic impact of the palm oil industry on Sri Lanka’s economy, development agenda and long-term agricultural productivity. The media discussion brought together a panel of experts representing plantations, agriculture, nutrition, biodiversity and industry leadership. The head table comprised Mr….
The Ceylon Petroleum Corporation (CPC) has come under scrutiny from fuel dealers, who have raised concerns over the reported Rs. 36.4 billion profit for 2025, as disclosed in the latest report of the Central Bank of Sri Lanka. The Petroleum Dealers’ Association has alleged that the profit figure includes revenue generated through what it describes…
By Dilani Hirimuthugodage Geographical Indications (GI) can unlock higher export earnings by leveraging origin‑based values in tea, spices, and other agricultural products. GIs enhance global recognition, secure premium prices, and access niche markets through branding and value addition. Targeted GI reforms are essential to build a more resilient, value‑driven export economy. With Sri Lanka’s export…
Sri Lanka’s headline inflation, as measured by the Colombo Consumer Price Index (CCPI), saw a significant acceleration in April 2026, reaching 5.4% on a year-on-year basis. This follows a recorded inflation rate of 2.2% in March 2026, marking a sharp upward trend as the second quarter begins. According to the latest data from the Department…
Sri Lanka reaffirmed its position as a premier destination for boutique and luxury tourism at the B2B Luxury Connect Sri Lanka 2026, held at the Monarch Imperial, Sri Jayawardenepura. Organized for the seventh consecutive year by Boutiques in Sri Lanka, the event brought together more than 300 boutique hotel properties, alongside international travel agents, hoteliers,…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced that its 5G network has surpassed 1,000 live sites, marking a major milestone in the rapid expansion of next-generation mobile connectivity across the island. The milestone reflects Dialog’s continued progress in line with rollout commitments set by the Telecommunications Regulatory Commission of Sri Lanka (TRCSL), with…
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