The Initial Public Offering (IPO) of WealthTrust Securities Limited (WTS) will open tomorrow, inviting the public to subscribe for 71,548,244 Ordinary Voting Shares at an Issue Price of LKR 7.00 per share. Through the Issue, WTS seeks to raise a total of LKR 500,837,708, with the Company’s shares expected to be listed on the Diri…
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.5 in November 2025. This indicates an expansion in manufacturing activities on a month-on-month basis, with favourable contributions from all the sub-indices. The expansion in New Orders was primarily driven by increased activity in the food and beverages, and textiles…
The World Bank Group is deeply saddened by the devastation caused by Cyclone Ditwah in Sri Lanka. Our thoughts are with the people who have lost loved ones, homes, and livelihoods, and with the communities now facing immense hardship. We commend the remarkable resilience shown by Sri Lankans in the face of this disaster and…
Sri Lanka’s economy expanded by 5.4 percent year-on-year in the third quarter of 2025, according to the latest National Accounts estimates released by the Department of Census and Statistics (DCS). At constant prices (2015 base year), Gross Domestic Product (GDP) increased to Rs. 3,325.6 billion in the July–September period, compared to Rs. 3,154.1 billion in…
The Consulate General of Sri Lanka in Dubai successfully hosted a high-level breakfast meeting today, bringing together leading travel trade professionals, media partners, airline representatives, and key influencers to promote Sri Lanka as a premier travel destination under the revitalized “Sri Lanka is Ready” tourism campaign. The networking event, held at the premises of the…
Ministry of Finance data confirms Bank’s dominant contribution to national SME credit in 2024, accounting for more than 30% of total loan value The Commercial Bank of Ceylon has once again emerged as the country’s largest lender to small and medium enterprises (SMEs), retaining its position for the fifth consecutive year, according to the Ministry…
Working with organisations under Dubai Humanitarian, over 100 tonnes of relief aid will be deployed across Emirates’ daily flights to Sri Lanka First flight departed this week, carrying high-energy food items for WFP Emirates and Dubai Humanitarian have established an airbridge to Sri Lanka, transporting urgent relief aid to support those affected by the devastating…
The Sri Lanka Export Development Board (EDB), together with the International Trade Centre (ITC), Switzerland’s State Secretariat for Economic Affairs (SECO), and the Swedish International Development Cooperation Agency (SIDA), recently launched the second phase of the Global Textile and Clothing Programme (GTEX2) in Sri Lanka. The initiative, implemented from 2024 to 2027, aims to enhance…
Aitken Spence Travels marked a significant milestone with the handling of The Ritz-Carlton Yacht Collection’s first call to the ports of Colombo & Galle, on the 14th & 15th of December 2025. This inaugural visit reflects Aitken Spence’s ongoing efforts to introduce world renowned, ultra-luxury cruise brands to Sri Lanka, elevating the country’s profile within…
The Asian Development Bank (ADB) has upgraded its economic growth forecasts for Sri Lanka in its December 2025 Asian Development Outlook (ADO), highlighting a robust recovery driven by strong private sector credit expansion, buoyant consumption, and improved investor confidence. However, the report cautions that Sri Lanka’s growth prospects may be dampened by the impact of…
Video Story
