Reuters – Amazon, opens new tab on Thursday projected a surge of more than 50% in capital expenditures this year, joining its peers in a spending spree to build out artificial-intelligence infrastructure, and sending its shares down 11.5% in after-hours trading. As the shares sputtered on news that Amazon would be pumping $200 billion into…
Trading at the Colombo Stock Exchange (CSE) remained highly active from the opening of the market today (05), with strong momentum observed during the early part of the session. The All Share Price Index (ASPI) recorded several instances of gains exceeding the 100-point level in the initial hours of trading, reflecting heightened investor participation. The…
Senior officials of Mr.Daniel Jaksan, Economic and Commercial officer at the U.S. Embassy in Sri Lanka, accompanied by Ms.Thiloma Abayanayaka, Commercial and Economic Assistant, met with the Chairman of the Export Development Board (EDB)Mr.Mangala Wijesinghe, along with the senior officials including Acting Additional Director General (Development) Mrs. Kumudinie Mudalige, Director of Export Agriculture Mr. Janak…
Revenue up 7% YoY to Rs. 8.1 billion Absolute gross profit increases 14% YoY with 2% increase in GP margin to 36% Local revenue up 9% YoY, despite the aftermath of cyclone Ditwah, trajectory for next quarter expected to be fluid due to pent-up demand Mirotone NZ acquisition expands JAT’s international footprint Ranked #3 in…
World Bank Group Executive Director Parameswaran Iyer is on an official visit to Sri Lanka to strengthen development cooperation and support the country’s economic growth efforts. Mr. Iyer, who represents Sri Lanka and several regional countries on the World Bank’s Executive Board, met with Secretary to the Treasury and Ministry of Finance, Planning, and Economic…
The Institute of Policy Studies of Sri Lanka (IPS) calls for applications for the Saman Kelegama Memorial Research Grant 2026, established in 2018 in memory of Dr. Saman Kelegama, former Executive Director of IPS, to support policy‑relevant socio‑economic research by undergraduate students. The Grant is a merit‑based annual award open to undergraduate students currently in…
Sri Lanka presented a clear message of confidence, reform, and long-term opportunity at the Exclusive Port City Colombo Investor Forum held on 27th January 2026 at the Shangri-La Hotel, Singapore. Jointly organised by the High Commission of Sri Lanka in Singapore and Port City Colombo, the forum positioned Port City Colombo as the centrepiece of…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the launch of Dialog Play, the new brand identity that brings together Dialog Television and Dialog ViU under a single, unified entertainment platform. Anchored by the brand promise “Entertainment, Unlocked,” Dialog Play represents a significant evolution in how Dialog delivers entertainment — offering customers greater choice,…
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE), in association with the Embassy of Sri Lanka to the Kingdom of Saudi Arabia, successfully convened an investor forum on Saturday 24th January 2026 at the Radisson Blu Hotel, Riyadh Convention & Exhibition Center. Alongside the forum, the SEC and…
CT Land Development PLC has announced the appointment of former Auditor General of Sri Lanka, Mr. Widana Pathiranage Chulantha Wickramaratne, as an Independent Non-Executive Director, effective from 3 February 2026. The appointment was made following a recommendation by the company’s Nominations and Governance Committee and approved by the Board of Directors via a circular resolution…
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