Emirates will introduce a second daily A350 service between Dubai and Colombo from 8 August, further elevating the travel experience for customers with more options to experience the airline’s latest-generation aircraft and its highly sought-after Premium Economy cabin. The A350 aircraft will replace the current Boeing 777 aircraft operating the flight. The deployment of the…
Reuters – Oil prices rose and bonds were sold on Wednesday as renewed fighting in the Middle East and U.S. sanctions on Iranian oil threatened the ceasefire, while stocks took a breather as the record-breaking AI rally starts to run short on momentum. Brent crude futures were up 2% to $75.60 a barrel, which is…
Sri Lanka’s official reserve assets saw a 6.3% decline in June 2026, falling to USD 6,450 million from USD 6,881 million in May, according to new Central Bank (CBSL) data. This $431 million drop was largely driven by a 6.1% decrease in foreign exchange reserves, which fell to USD 6,254 million. Gold reserves also took…
A special discussion between the Revenue Administration Reform and Modernisation Bureau (RARMB), which operates under the direct supervision of the Presidential Secretariat with the objective of modernising Sri Lanka’s public revenue system, and the International Monetary Fund (IMF) was held recently at the Presidential Secretariat under the chairmanship of Secretary to the President Dr Nandika…
The Colombo Stock Exchange (CSE) experienced a significant downturn today (07) with major indices recording a notable decline by the end of trading. The benchmark All Share Price Index (ASPI) dropped by 118.35 points to close at 21,962.30. This marks the first time since June 12 that the index has fallen below the critical 22,000-point…
CBL Investments Limited and its group of companies (CBL Group), one of Sri Lanka’s leading and most diversified food manufacturing conglomerates, has appointed its Group Managing Director, Ms. Sheamalee (Shea) Wickramasingha, as Chairman of the Group with effect from 6 July 2026. She will continue to serve as Group Managing Director while assuming the responsibilities…
The Price Index for New Condominiums in the Colombo District reached 284.4 in the first quarter of 2026, marking a significant year-on-year increase of 18.5 percent. Despite this price appreciation, the Condominium Property Sales Volume Index experienced a year-on-year decrease of 15.2 percent, indicating a slowdown in market activity across Colombo and other major cities….
Sampath Bank PLC has introduced Google Pay for all Mastercard and Visa Credit and Debit Cardholders, marking a significant advancement on how customers in Sri Lanka access digital payment solutions. This initiative brings fast, secure, and globally accepted tap-to-pay functionality to Android devices, catering to the increasing demand for mobile-first solutions. Mobile wallets are reshaping…
The American Chamber of Commerce in Sri Lanka (AmCham Sri Lanka) hosted “Her Story, Her Voice” at Cinnamon Life Colombo yesterday evening, bringing together some of the country’s most respected women leaders for candid conversations on leadership, resilience, legacy, and influence. The event was designed for senior corporate executives, entrepreneurs, policymakers, and emerging leaders. Rather…
The Sri Lanka Export Development Board (EDB), in collaboration with the Ministry of Industry and Entrepreneurship Development (MOI&ED), announces that the deadline for online exhibitor registration for “Sri Lanka Expo 2027” will be open till 31st July, 2026. Sri Lanka Expo 2027, scheduled to be held from 14th to 17th January, 2027 at the BMICH,…
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