Reuters – The yen surged on Tuesday, while Asian markets struggled for direction as a mixed batch of regional economic data and fresh Iranian threats in the Persian Gulf drove oil prices and bond yields higher. Japan’s Nikkei 225 fluctuated between gains and losses before edging up 0.2%, as the yen jumped as much as 0.6%…
Surge has acquired a majority stake in IDEA8, an IoT and embedded systems company, to launch Surge Robotics. The new business will focus on industrial automation, intelligent hardware and connected manufacturing. The acquisition moves Surge beyond enterprise software into physical technology. It combines Surge’s software, AI and cloud capabilities with IDEA8’s expertise in embedded systems,…
The latest data from the Central Bank of Sri Lanka shows that the country’s official reserve assets increased by 4.6% to USD 6,905 million by the end of August 2026. At the end of the previous month, July 2026, this value was recorded at USD 6,600 million. Foreign currency reserves, which are the main component of…
Fitch Ratings: Fitch Ratings has assigned Sri Lanka-based People’s Leasing & Finance PLC’s (PLC, A(lka)/Stable) proposed Sri Lankan rupee-denominated subordinated listed debenture issue of up to LKR10 billion a final National Long-Term Rating of ‘BBB+(lka)’. Key Rating Drivers The proposed debentures will mature in five years and will be listed on the Colombo Stock Exchange….
Sri Lanka Export Development Board (SLEDB) organized a seminar cum workshop on Hand Soldering Techniques and Wire Harness Techniques in association with Vocational Training Authority of Sri Lanka (VTA), Global Electronics Association (IPC India), and Sri Lanka Electronic and Electrical Manufacturers and Exporters Association (SLEEMEA) on 14th August 2026 at K-TEC Orugodawatta. This event was…
Renowned philanthropist and business leader Eng. Nahil Wijesuriya has donated the complete range of modern medical equipment required for the newly established National Kidney Stone Referral Centre in Meerigama, marking a significant advancement in Sri Lanka’s capacity to provide specialized urological care through the public healthcare system. The contribution adds to Eng. Wijesuriya’s longstanding record…
As Sri Lanka moves beyond economic stabilisation, attention is increasingly turning to how the country can maintain its growth momentum while preparing for the challenges ahead. This will be among the key questions at the Sri Lanka Economic & Investment Summit 2026 (SLEIS 2026), organised by The Ceylon Chamber of Commerce on 12-13 October, where…
A special leadership dialogue aimed at strategically and responsibly implementing Artificial Intelligence (AI) and digital transformation across Sri Lanka’s state university system was held recently (September 04) at the Faculty of Medicine premises, University of Colombo, alongside the Committee of Vice-Chancellors and Directors (CVCD) Conference under the theme “Artificial Intelligence and Digital Transformation in Higher…
The Board of Investment of Sri Lanka (BOI) recently hosted the fifth working-level meeting of the Sri Lanka–Japan Business Environment Committee, a platform established to address the operational and business challenges faced by Japanese investors operating in Sri Lanka. The quarterly meeting brought together representatives of the Embassy of Japan, the Japan External Trade Organization…
Thailand to End Visa-Free Entry for Sri Lankan Travelers Starting September 15, 2026 In a major shift in immigration policy, travelers from Sri Lanka holding ordinary passports will soon be required to obtain a visa before entering Thailand. Starting September 15, 2026, Sri Lanka will be officially removed from Thailand’s visa exemption scheme, ending the…
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