Sri Lanka’s Amangalla has been ranked among the world’s Top 100 Luxury Hotels for 2026 by Travel And Tour World (TTW), securing the 64th position in recognition of its exceptional hospitality, colonial heritage, personalised service and authentic cultural experiences. Nestled within the historic walls of Galle Fort, the luxury property was praised for seamlessly blending…
Market leader, Home Lands Group has marked another significant milestone with the acquisition of its 2nd land parcel within Port City Colombo’s prestigious Central Park District. The newly acquired land parcel spanning over 3 acres in extent, is similar in size and located adjacent to the land previously purchased for the landmark Central Park Boulevard…
The Sri Lanka Export Development Board (EDB) successfully organized the North Western and North Central Provinces Exporters’ Networking Forum, held recently at the Nilawin Hotel & Resort in Chillaw. The forum was convened under the patronage of Minister of Industry and Entrepreneurship Development Hon. Sunil Handunneththi, with the participation of a large number of exporters…
Reuters – Asian stocks wobbled toward the end of a sparkling quarter on Tuesday, while a resurgent dollar pushed the yen to a four-decade low and was headed for a fourth straight quarterly rise. Japan’s Nikkei which was steady in early trade, is set for a record rise of more than 36% for the quarter. South…
First AGM Following Majority Shareholding by Mazagon Dock Shipbuilders Limited (India) Colombo Dockyard PLC (CDPLC) successfully concluded its 43rd Annual General Meeting (AGM) on 25 June 2026, marking its first AGM following the acquisition of a majority stake by Mazagon Dock Shipbuilders Limited (MDL), India. The Company said the new strategic alignment with MDL is…
Rupee depreciation and fuel hikes amid geopolitical tensions weigh on business sentiment June’s economic narrative remained complex as fuel price revisions, currency volatility and geopolitically driven inflationary pressures continued to test the resilience of Sri Lanka’s fragile recovery. The Sri Lankan Rupee came under pressure in June amid heightened external sector challenges with the Central Bank of Sri Lanka…
Swedfund invests USD 15 million in Citizens Development Business Finance (CDB) to expand access to financing for micro, small and medium-sized enterprises (MSMEs) in Sri Lanka. The investment is expected to contribute to job creation and women’s economic empowerment. Sri Lanka has faced several years of economic challenges that have constrained access to long-term financing…
BBC – WhatsApp is set to let people chat without having to reveal their phone number – by exchanging unique usernames instead. It will be rolled out globally to the platform’s three billion account holders over the next few months, the platform said. From Monday (29), users will start being able to reserve a name…
The Sri Lankan rupee has depreciated by 8.0 percent against the United States dollar so far in 2026, according to the Central Bank of Sri Lanka (CBSL). The CBSL, in its latest Weekly Economic Indicators report, stated that the rupee had recorded an 8.0 percent depreciation against the US dollar during the period up to…
National Development Bank PLC (NDB) has disclosed that an interim report submitted by Deloitte Touche Tohmatsu India LLP has identified suspicious transactions amounting to approximately Rs. 13.57 billion in connection with the ongoing forensic investigation into a fraud incident reported by the bank. In a corporate disclosure to the Colombo Stock Exchange on June 26,…
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