The Sri Lanka Export Development Board (EDB), with the support of the Sri Lanka High Commission in New Delhi and the Sri Lanka Consulate in Mumbai, is organizing a Sri Lankan Business Delegation to India from 8th to 13th August 2026, with a focus on strengthening bilateral trade and investment relations and expanding opportunities for…
EthicalX: Climate & Innovation Hub, a global initiative of Clima Trust and SLYCAN Trust, has opened applications for its 2026 cohort and affiliate network, inviting entrepreneurs developing ethical, sustainable, and climate-friendly solutions to become part of a growing community of innovators and changemakers. As interest in sustainable entrepreneurship continues to grow in Sri Lanka, many…
Consumer expansion and diversified portfolio support top-line growth amid margin pressure Key Highlights Consolidated revenue increases 16.6% YoY to LKR 18.5 billion Healthcare revenue grows 5.9% YoY to LKR 9.1 billion Consumer revenue increases 38.0% YoY to LKR 6.6 billion Agribusiness revenue grows 12.7% YoY to LKR 2.8 billion Profit after tax increases 6.0% YoY…
As Sri Lanka advances its economic recovery and long-term development agenda, improving access to finance for women entrepreneurs remains critical to building a more inclusive economy. The publication of the first annual report on the Women Entrepreneurs Finance Code marks an important milestone in strengthening financial access and broader support for women-owned and women-led enterprises….
The Board of Investment of Sri Lanka (BOI) confirms that the employment of workers formerly attached to Hela Clothing (Pvt) Ltd and Foundation Garments (Pvt) Ltd remains secure, following their full absorption into Emerald Clothing (Pvt) Ltd under a group restructuring exercise completed well ahead of recent developments concerning Hela Apparel Holdings PLC. Recent media…
Reuters – Oil prices rose on Tuesday as negotiations between the U.S. and Iran over a peace deal and the reopening of the Strait of Hormuz hit an impasse, while Asian shares drifted on protracted uncertainty over the global inflation outlook. U.S. President Donald Trump on Monday responded to Iran’s conditions for a peace deal…
By Haridhu Abeygoonaratne, Managing Director/COO – SimCentric /Vice Chair – SLASSCOM At first glance, it seems improbable that a company developing advanced military simulation technologies for organisations such as the US Marine Corps, the US Military Academy, the UK Ministry of Defence and armed forces across NATO and Commonwealth countries would have its engineering nerve…
The National Biotechnology Industry Association (NBIA) is pleased to announce its relaunch and the resumption of its activities under a newly reconstituted Council and Committee, marking a renewed commitment to advancing Sri Lanka’s biotechnology sector. Following a period of inactivity, NBIA is recommencing its operations with a clear vision to strengthen industry collaboration, promote innovation,…
The Economy: Muted Optimism amid Caution Corporate confidence in the economy edged higher in July, supported by improved expectations in business circles regarding the months ahead. Nevertheless, sentiment remains measured as businesspeople continue to contend with rising costs and uncertainty surrounding the broader economic outlook. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey,…
The National Chamber of Exporters of Sri Lanka (NCE) congratulates the country’s export community on achieving a significant milestone, with Sri Lanka’s export earnings surpassing USD 10 billion during the first six months of 2026. According to the Central Bank’s latest External Sector Performance report, export earnings increased by 3.3% year-on-year to USD 10.4 billion…
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