Sri Lanka still does not possess advanced infrastructure to gain maximum benefit of the AI technology, President Anura Kumara Dissanayake stated. President Dissanayake made this assertion while addressing the leaders’ plenary as part of the ‘AI Impact Summit 2026’ in New Delhi. The leaders’ plenary hosted by Indian Prime Minister Narendra Modi brings together world…
WindForce PLC is pleased to announce that it has received the Letters of Award on 16 February 2026 for twelve standalone Battery Energy Storage System (BESS) projects, secured through an international competitive bidding process conducted by the Ceylon Electricity Board. These projects form part of Sri Lanka’s first-ever grid-scale standalone BESS programme and collectively represent…
The Embassy of Sri Lanka in Riyadh organized the first-ever virtual Workshop of its kind to educate Sri Lankan exporter companies on Saudi regulatory procedures and requirements for exporting Sri Lankan food and beverage products to the Kingdom of Saudi Arabia, in collaboration with the Saudi Food and Drug Authority (SFDA) and the Sri Lanka…
The Ceylon Motor Traders Association (CMTA) has highlighted the fact that Sri Lanka’s vehicle import framework requires urgent recalibration to ensure fairness, transparency, and the protection of state revenue. The CMTA states that one of the most critical issues that must be addressed is the automatic 15 per cent reduction applied to the CIF value…
The Sri Lanka Export Development Board (SLEDB) successfully organized a Market Exposure and Capacity Building Programme in parallel with BIOFACH 2026, held in Germany from 09th to 14th February 2026. Implemented in collaboration with the Import Promotion Desk (IPD) and the Sri Lanka Embassy in Berlin, the initiative brought together a selected group of Sri…
Reuters – Meta Platforms, opens new tab CEO Mark Zuckerberg on Wednesday repeatedly said during a landmark trial over youth social media addiction that the Facebook and Instagram operator does not allow kids under 13 on its platforms, despite being confronted with evidence suggesting they were a key demographic. Mark Lanier, a lawyer for the…
The unit trust industry of Sri Lanka reported a 6.1% year-over-year growth of its assets under management (AUM), crossing the Rs. 600 Bn mark by the end of January 2026. Furthermore, AUM was up 3.8% since December 2025. These assets are currently managed across 84 funds by 16 management companies. AUM was driven primarily by…
Trading at the Colombo Stock Exchange ended on a positive note on Wednesday (18), with both main indices closing higher and the S&P SL20 reaching a historic milestone. The All Share Price Index (ASPI) gained 37.02 points to close at 23,919.84, while the S&P SL20 index advanced 41.79 points to 6,750.50, marking the first time…
Reuters – Microsoft on Wednesday said it is on pace to invest $50 billion by the end of the decade to help expand AI to countries across the ‘Global South’. The announcement was made at the AI summit in New Delhi, where top executives from global AI giants meet several world leaders this week. The ‘Global South’ refers…
Belluna Lanka Pvt Ltd., the South Asian anchor of Belluna Co. Ltd., Japan, together with Sanken Overseas (Private) Limited, has formally launched Project Granbell Hotel Ella, a planned hospitality development located in Sri Lanka’s Uva Province. The project represents a total planned investment of approximately LKR 4 billion (USD 12.5 million) and reflects Belluna Lanka’s…
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