CHEC Port City Colombo (Pvt) Ltd., the primary developer of Port City Colombo, has pledged approximately US$300 million in foreign direct investment to advance Phase II of the Port City Colombo project, marking a significant investment commitment at the start of the New Year and reinforcing confidence in Sri Lanka’s long-term growth prospects. The investment…
The U.S. Embassy in Sri Lanka today announced an additional $2 million in U.S. humanitarian assistance to support communities affected by Cyclone Ditwah, bringing total U.S. assistance for the response to $4 million. This new funding builds on $2 million in U.S. assistance announced in December 2025 within 72 hours of the cyclone’s landfall, underscoring…
Sri Lanka should seek to change the targets agreed with the International Monetary Fund (IMF) as part of the Extended Fund Facility (EFF) arrangement, the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe noted. Speaking during TV Derana’s current affairs program 360° last night (12), Dr. Nandalal Weerasinghe said a discussion…
BYD has retained its position as the world’s largest seller of New Energy Vehicles (NEVs), recording total global sales of 4,602,436 units in 2025. The achievement marks another major milestone for the company and reinforces its leadership in the global transition towards sustainable mobility. In 2025, BYD also became the world’s largest seller of battery…
Hambantota International Port (HIP) closed 2025 with a landmark performance, recording a 175% year-on-year increase in total cargo volumes despite what has been widely recognised as one of the most challenging years for the global port industry. HIP handled 8.24 million metric tonnes of cargo in 2025, up from 3.0 million metric tonnes in 2024,…
The inaugural Sri Lanka Fintech Summit 2025, held recently, marked a decisive step in shaping the country’s modern, inclusive, and investment-ready digital economy. Designed as more than just a conference, the event united policymakers, regulators, investors, and fintech leaders to define industry priorities for the year ahead. It also attracted several leading international and local…
Explore the World: Tripadvisor’s Top Destinations for 2026 From Bali to New York, Travelers Share Their Favorite Spots for Adventure, Romance, and Culture Tripadvisor®, the world’s largest travel guidance platform, today announced its first Travelers’ Choice® Awards category for 2026: Best of the Best Destinations, celebrating the places that travelers around the world love most. Each…
The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), and National Development Bank PLC (NDB) have partnered to increase the efficiency of dividend disbursement systems for companies listed on the CSE through the provision of a streamlined dividends pay-out system. The partnership aims to strengthen capital market…
US President Donald Trump on Monday said he had imposed a 25% tariff on goods from countries with commercial ties to Iran, a move that could put pressure on Tehran as anti-government protests enter a third week. Trump said on social media that the tariff was “effective immediately”, without offering details of what constituted “doing…
Reuters – Alphabet briefly hit $4 trillion in market valuation on Monday, as the Google parent’s sharpened artificial intelligence focus allayed doubts about its strategy and thrust it back to the forefront of the high-stakes race. In the latest sign that its efforts were paying off, Alphabet said the next-generation of Apple’s, opens new tab…
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