MAS Holdings has announced plans to repurpose its Methliya facility at the MAS Fabric Park as part of a strategic shift to strengthen fabric manufacturing capabilities amid a prolonged downturn in global apparel demand. In an announcement made to employees on 19 February 2026, the company said the Methliya premises will be converted to support…
The Securities and Exchange Commission of Sri Lanka (SEC) and the Sri Lanka Accounting and Auditing Standards Monitoring Board (SLAASMB) enhanced cooperation in the oversight of financial reporting and auditing standards by signing a Memorandum of Understanding (MOU) recently. The MOU was signed by Senior Prof. D.B.P.H. Dissabandara, Chairman of the SEC, and Mrs. K.M.A.N….
The Sri Lanka Export Development Board (EDB) recently organized a specialized training program for potential exporters and small and medium-scale entrepreneurs at the EDB premises. The program was held under the theme “Beyond Borders: Incoterms, Risk Management and Strategies for Competitiveness in International Trade”. Addressing the gathering, EDB Chairman Mangala Wijesinghe revealed that a five-year…
Gulf Air, the national carrier of the Kingdom of Bahrain, has announced an increase in flight frequencies between Bahrain and Colombo, expanding from daily operations to 10 flights per week effective 19 February 2026. The enhanced schedule comes in response to heightened travel demand during the upcoming Ramadan and Eid festive season — traditionally a…
Prime and Melwa, two Sri Lankan business powerhouses, have joined forces to mark a defining milestone in Sri Lanka’s most ambitious urban development initiative. The partnership has secured one of Port City Colombo’s best marina front land parcels, spanning over four acres and overlooking the stunning Indian Ocean. The site is set to host a…
Reuters – Wall Street futures and the dollar slid in Asia on Monday as confusion over U.S. tariffs revived the “sell America” trade, while confidence in the entire AI sector was set to be tested by results from tech-diva Nvidia this week. Gold gained and oil prices eased ahead of another round of talks between…
Reuters – The European Commission demanded on Sunday that the United States stick to the terms of an EU-U.S. trade deal reached last year, after the U.S. Supreme Court struck down Donald Trump’s global tariffs and he responded with new levies across the board. The Commission, which negotiates trade policy on behalf of the 27…
The Colombo Stock Exchange (CSE) and The National Chamber of Commerce of Sri Lanka (NCCSL) signed a Memorandum of Understanding (MoU) as part of a broader initiative to advance Sri Lanka’s capital market development and foster the growth of businesses across the country. The MoU was signed on 18th February 2026, bringing together the leadership…
Reuters – President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff program. The move came less than 24 hours after Trump announced a 10% across-the-board…
Reuters – U.S. President Donald Trump responded with fury to Friday’s Supreme Court ruling that he lacked the power to unilaterally set tariffs on imports, denouncing individual justices as he vowed to continue a global trade war that has kept the world on edge for a year. Saying he was undeterred by what he repeatedly…
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