SriLankan Airlines has officially confirmed the appointment of Dimal Arandara as the Chairman of its Board of Directors. The move, which takes effect immediately, confirms Arandara’s leadership of the national carrier following a period of transition. Arandara previously served as the airline’s Acting Chairman, stepping into the role after the resignation of the former Chairman,…
Co-operative Leasing Company Limited (CLCL), a Registered Finance Leasing Establishment under the Finance Leasing Act, No 56 of 2000, as amended (FLA), has acted in contravention of the Directions issued by the Director, Department of Supervision of Non-Bank Financial Institutions (DSNBFI) of the Central Bank of Sri Lanka by its repeated failure to comply with…
Hayleys Solar, Sri Lanka’s No. 1 solar solutions provider, has successfully completed the installation of a 1.7MWp solar power system for GPV Lanka Pvt Ltd in Negombo, further supporting the country’s transition towards sustainable and energy-efficient industrial operations. GPV Lanka Pvt Ltd, a leading company in the electronics manufacturing sector, is strengthening its efforts to…
The Sri Lankan Rupee (LKR) saw a significant appreciation against the US Dollar today (10), following a strategic policy shift by the Central Bank of Sri Lanka (CBSL) aimed at boosting domestic currency liquidity. According to the daily exchange rate sheet released by the Central Bank, the buying rate of the US Dollar dropped from…
Reuters – Asian stocks fell on Wednesday while oil prices surged as escalating tensions in the Middle East unsettled markets, dimming hopes for an end to the months-long war that has pushed commodities higher and stoked inflation worries. The United States launched strikes against Iran after President Donald Trump said Tehran had shot down a U.S. Apache…
Bollywood Stars and Distinguished Guests to Celebrate the Unveiling of Central Park Boulevard Port City Colombo Home Lands is set to make history with Sri Lanka’s largest-ever real estate launch, unveiling Central Park Boulevard Port City Colombo, The Indian Ocean’s Next Wonder. The launch, titled “The Grand Launch Weekend,” will comprise a series of events…
The Central Bank of Sri Lanka (CBSL) has issued a new set of rules further tightening the timeline for exporters to convert their residual foreign exchange earnings into Sri Lanka Rupees. The “Repatriation of Export Proceeds into Sri Lanka Rules No. 2 of 2026,” issued via Extraordinary Gazette on June 9, 2026, amends the existing…
The fourth working-level session of the Japan–Sri Lanka Committee on Business Environment underscores a maturing bilateral partnership built on transparency, investor confidence, and shared economic ambition. In a reaffirmation of the enduring economic partnership between Sri Lanka and Japan, the Board of Investment (BOI) of Sri Lanka convened the Fourth Working-Level Meeting of the Japan–Sri…
By Thareendra D. Kalpage The completion of the International Monetary Fund’s combined Fifth and Sixth Reviews under Sri Lanka’s Extended Fund Facility is an important milestone. The IMF Executive Board’s approval on 28 May 2026 released SDR 508 million, approximately US$695 million, bringing total disbursements under the 48-month programme to SDR 1.778 billion, or about…
High Commissioner. H.E. Santosh Jha lauds Indian CEO Forum’s role in deepening India–Sri Lanka economic cooperation and Partnership. Indian CEO Forum Reaffirms Commitment to India–Sri Lanka Business Ties At The AGM The Indian CEO Forum (ICF) successfully concluded its Annual General Meeting (AGM), reaffirming its commitment to strengthening India–Sri Lanka business relations, investment cooperation, professional…
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