Sri Lanka has initiated high-level strategic dialogues focused on cultivating human capital and robust institutional frameworks, underscoring that technology alone is insufficient to drive a successful, citizen-centric national digital transformation. Adopting a holistic ecosystem approach to streamline policy implementation and enhance coordination, the newly established Development Partner Working Group on Digital Transformation successfully convened its…
The Sri Lanka Export Development Board (EDB), the host institution of the SheTrades Sri Lanka Hub, collaborated with the International Trade Centre (ITC) and the British High Commission in Colombo to launch two sector-specific export handbooks in Sinhala and Tamil. The handbooks aim to strengthen Sri Lankan women entrepreneurs and small and medium-sized enterprises’ (SMEs)…
Toyota Lanka’s growing footprint across Sri Lanka reached another milestone with the groundbreaking ceremony for Toyota’s flagship showroom in Bambalapitiya, held last week. Toyota Sri Lanka Chairman Masaaki Kawabata, Managing Director/CEO Manohara Athukorala, and Chairman of Design Consortium Ltd, Archt. Migara Alwis attend the event as special invitees. Chairman and Managing Director Manohara Athukorala said…
Reuters – Asia’s bumpy stock markets rallied on Wednesday after a surprise slowdown in U.S. inflation scaled back expectations for interest rate hikes, while oil took a breather as the U.S. scrapped a plan to levy shipping through the Strait of Hormuz. South Korea’s volatile KOSPI index surged 7% ahead of the next test for the…
The Cabinet of Ministers has officially approved a comprehensive financing package to launch the “Grid-Based Rooftop Solar Power and Virtual Net Meter Reading” project, a priority initiative designed to transform how solar energy is distributed and utilized across the country. The project aims to provide effective solutions for independent power producers while significantly improving small-…
The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC), will host investor forums in Monaragala and Batticaloa this week as part of an ongoing island-wide initiative to broaden investor participation following successful forums held in Colombo earlier this month. The investor forums will be held in Monaragala…
The National System Operator (Pvt) Ltd (NSO), operating under Sri Lanka’s Ministry of Energy, has launched an International Competitive Bidding (ICB) process for the establishment of a 250 MW/1000 MWh Standalone Battery Energy Storage System (BESS), one of the largest grid-connected storage procurements the country has undertaken to date. Under the tender, reference number TR/REP&PM/ICB/2026/001/C,…
Sri Lanka’s luxury tourism was promoted at the International Luxury Travel Market (ILTM) Asia Pacific 2026, held from 29 June to 2 July 2026 at Marina Bay Sands, Singapore. ILTM Asia Pacific brings together luxury travel advisors, tour operators, destinations, hotels and tourism organisations from around the world through a programme of pre-scheduled business appointments…
BPPL Holdings PLC (BPPL) has announced a significant strategic move to consolidate its position in the industrial brush-ware market. Through its wholly owned subsidiary, Beira Brush (Private) Limited, the group has entered into a Business Transfer Agreement (BTA) to acquire the customer base and intellectual property of Ravi Industries Limited (RIL). The transaction, which was…
A pre-Budget discussion to review the progress of projects implemented under the 2026 Budget allocations for the Ministry of Industry and Entrepreneurship Development and to discuss proposals for the 2027 Budget was held under the patronage of President Anura Kumara Dissanayake at the Presidential Secretariat yesterday (13) afternoon. The progress of projects implemented by each…
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