The Colombo Municipal Council (CMC) has reduced its Entertainment Tax, including cutting the tax on local concerts from 12% to 7%, in a move aimed at supporting Sri Lanka’s creative industry while making entertainment more accessible to the public. Colombo Mayor Vraie Cally Balthazaar announced that the proposal, which was approved through the CMC’s 2026…
Reuters – Oil prices turned lower on Thursday as traders took profits and evaluated the risks from a new wave of U.S. strikes on Iranian military installations, which fuelled fears of renewed full-scale conflict and supply disruptions in the Strait of Hormuz. The United States struck Iran’s coastal defences and missile sites on Wednesday after reimposing a…
The three-month study across six industries and 198 brands reveals how AI platforms reward editorial authority over ad spend, while exposing sharp inconsistencies even among market leaders. BrandRadar, the AI Search growth consultancy and intelligence platform under Roar Global, recently released The State of AI Visibility in Sri Lanka 2026, the country’s broadest index tracking…
The National Chamber of Exporters of Sri Lanka (NCE) has further strengthened its long-standing strategic partnership with Ernst & Young (EY), reaffirming a shared commitment to enhancing the competitiveness, resilience, and global readiness of Sri Lankan exporters. The partnership, which has successfully continued over several years, was recently renewed through the signing of a Memorandum…
SLASSCOM has announced the appointment of Sampath Jayasundara as Chairman for the 2026/27 term. A respected industry leader, entrepreneur and educator with over 25 years of experience across Sri Lanka’s knowledge and innovation industry, Sampath currently serves as the CEO of Peoples HR and hSenid Business Solutions PLC. Throughout his career, he has championed digital transformation, built…
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in June 2026. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 53.0 in June 2026. This indicates continued expansion in manufacturing activities, albeit at a slower pace than the previous month. Incoming orders in June were broadly…
FitsAir, Sri Lanka’s leading low-cost carrier and the country’s first privately-owned international airline, has renewed its partnership with the Lanka Premier League (LPL) as the Official Airline Partner for the 2026 season. Returning for a second consecutive year, the partnership reflects FitsAir’s continued commitment to supporting national sporting platforms that unite communities, celebrate local talent…
LOLC Holdings PLC has concluded a high-level strategic engagement with the National Bank of Rwanda (BNR), underscoring its commitment to supporting Rwanda’s financial sector through greater financial inclusion and sustainable economic development. The meeting was led by LOLC Holdings PLC Group Chairman Ishara Nanayakkara and brought together senior representatives from both organizations. The LOLC delegation…
Rajitha Kariyawasan Managing Director, Haycarb PLC “The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man.” – George Bernard Shaw The world is in the midst of a profound shift. The accelerating transition toward electrification in transport,…
– Since November 2022, largest known retrofit programme has delivered full nose-to-tail refreshes across 47 A380s and 53 Boeing 777s – Over half of the 219 aircraft slated for retrofit will be complete by December 2026 Emirates has reached a landmark 100 aircraft refurbished under its retrofit programme, the largest known undertaken by any airline globally….
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