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…
Kristalina Georgieva, Managing Director of the International Monetary Fund, says Sri Lanka has made “tremendous progress” since its economic crisis, but emphasised that sustaining reforms and maintaining unity will be critical to translating stability into lasting prosperity. Speaking in an exclusive interview with Ada Derana during her first visit to the country, Georgieva described Sri…
The Sri Lanka Export Development Board (EDB) is set to host the Southern Province Regional Exporters’ Networking Forum on Tuesday, February 24, 2026, in Matara. The primary objective of the forum is to identify the challenges faced by regional exporters, empower them, and explore new opportunities for growth. Exporters and government officials representing the districts…
Dr. Kristalina Georgieva, the Managing Director (MD) of the International Monetary Fund (IMF), visited the Central Bank of Sri Lanka on 17 February 2026 during her visit to Sri Lanka. This coincides with the 75th anniversary of Sri Lanka’s IMF membership as well as the Central Bank of Sri Lanka’s 75th anniversary. At a meeting…
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