World-renowned Indian film superstar Shah Rukh Khan is reportedly expected to visit Sri Lanka in August to attend the inauguration ceremony of the City of Dreams Sri Lanka project, which is scheduled to officially open on August 2. A recent post on the official Facebook page of City of Dreams Sri Lanka hinted at the…
Colombo’s overall inflation rate, as measured by the Year-on-Year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI), rose slightly to -0.6% in June 2025, compared to -0.7% in May 2025, according to the latest data released by the Department of Census and Statistics. The Y-o-Y inflation of the Food Group eased to 4.3% in…
The World Bank has appointed Johannes Zutt as the new Vice President for the South Asia Region, succeeding Martin Raiser. His appointment is effective from July 1, 2025. As the regional Vice President for South Asia, Mr. Zutt will manage World Bank relations with Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka, and oversee a…
ATUM Beverages Pvt Ltd, a leading South Indian energy and soft drink manufacturing company, has announced its strategic entry into the Sri Lankan market, aiming to introduce its popular range of beverages and establish a local manufacturing facility. Speaking during a meeting with the Secretary General of the International Chamber of Commerce (ICC Sri Lanka),…
JXG (Janashakthi Group), Sri Lanka’s emerging financial conglomerate, brings together a broad spectrum of financial services – spanning investment banking, insurance, and finance & leasing. The Group announced its financial results for the fourth quarter and full year ended March 31, 2025. Consolidated Group Net Profit After Tax (NPAT) of LKR 5.24 Bn, Investment banking…
His Excellency Semih Lütfü Turgut, Ambassador of the Republic of Türkiye and the Export Development Board (EDB) engaged in discussions on fostering international relations and exploring trade opportunities between the two countries. The meeting was held at EDB on 12th June 2025. Ambassador Turgut was accompanied by Mrs. Gamze Ercan, Commercial Counsellor of the Türkiye…
The Sri Lanka Retailers’ Association (SLRA) held its 8th Annual General Meeting on June 25, at Hilton Colombo Residencies, bringing together leaders from across the retail sector to reflect on the past year and set the course for the future. Retail remains one of the most impactful sectors of the Sri Lankan economy, contributing approximately…
“Dream Destination” Project Commenced Renovation of 100 Railway Stations President Anura Kumara Dissanayake stated that the primary objective of the current Government is not to pursue incremental reforms within the existing framework, but rather to transform and elevate the nation to a significantly higher level of development. The President emphasized that the current political leadership…
Celao Capital Pvt Ltd Advices India’s Mazagon Dock Shipbuilders Limited to successfully acquire a controlling stake of Sri Lanka’s Colombo Dockyard PLC in a Landmark Transaction Celao Capital Pvt Ltd, a Member of RNH Ventures, a boutique consulting and transaction advisory firm, is pleased to announce that it has successfully completed advising Mazagon Dock Shipbuilders…
The barometer of business confidence rises sharply to set a bold new benchmark The country is grappling with a multifaceted public health crisis, battling simultaneous outbreaks of dengue, chikungunya (CHIKV) and a new strain of the coronavirus with a majority of affected individuals reported in the Western Province. Amid these health challenges, the country’s fiscal…
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