Vidullanka PLC has emerged as the lowest-cost bidder for the Engineering, Procurement and Construction (EPC) contract for the expansion and upgrading of a 100 kilowatt mini hydropower facility at Buca Village in the Fiji Islands. In a corporate disclosure to the Colombo Stock Exchange, the company said the determination was made on December 19, 2025….
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to 2.4% in November 2025, compared to 2.7% in October 2025, according to the latest data released by the Department of Census and Statistics. Meanwhile, food inflation has decreased to 3.6% in November compared to 4.1% in October while…
Sri Lanka’s export sector has continued its strong upward trajectory, recording a significant 5.8 % y-o-y growth during the period from January to November 2025. Based on Sri Lanka Customs statistics and estimated export figures for Gems & Jewellery, Petroleum Products and services, total exports reached US$ 15,776.36 Mn, the performance signals sustained growth and…
The Asian Development Bank (ADB) has approved a $3 million grant to help address water shortages in Sri Lanka’s Northwestern and Uva provinces by constructing modern pipe distribution network (PDN) systems. The project will provide irrigation to 877 hectares (ha) of farmland, supporting improvements in the country’s agriculture sector. The Transforming Irrigation Systems for Improved Food…
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2025 Year End rebalance. The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 22nd December 2025 (after the market close of 19th December 2025) are presented below….
Ceylon Cold Stores PLC (CCS), a subsidiary of John Keells Holdings PLC, has launched its iconic Elephant House Ice Cream in Australia, marking a bold step in the brand’s global expansion. The official unveiling took place on 4th December 2025 at the Novotel Melbourne Glen Waverley, where industry leaders, local distributors, and strategic partners gathered…
SLASSCOM has released its 2025 Compensation & Benefits Survey Report, a comprehensive industry benchmark on salaries, benefits, and workforce trends across Sri Lanka’s IT, BPM, and tech-enabled sectors. Independently conducted by Deloitte, the report features insights from IT, BPM, dual-sector, and non-IT organisations with IT functions, with 72% of participants returning from the 2024 survey—underscoring…
Cyclone Ditwah has left Sri Lanka dealing with a national disaster of unprecedented scale, causing severe economic disruptions across multiple sectors. Significant disruptions to industrial operations, supply chains, and export activities underscore the urgent need for coordinated recovery efforts. In response, the Board of Investment of Sri Lanka (BOI) has taken a leading role in…
The Planters’ Association of Ceylon (PA) expresses its deep concern for estate workers, their families and surrounding communities affected by the severe weather conditions caused by Cyclone Ditwah. The plantation sector operates across some of the country’s most environmentally sensitive and disaster-prone regions, and the safety, wellbeing and dignity of those who live and work…
Reuters – Spot gold surged to a record high of $4,383.73 per ounce on Monday, lifted by expectations of further U.S. Federal Reserve rate cuts after last week’s quarter-point reduction, sustained safe-haven demand, and a softer dollar. Gold, a traditional safe-haven asset, is up 67% for the year, driven by geopolitical and trade tensions, robust…
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