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,…
A discussion was held Friday (26) at the Presidential Secretariat between President Anura Kumara Dissanayake and industrialists in the coconut and food and beverage manufacturing sectors on developing the coconut and food and beverage export industries into a USD 3 billion economy within the next two years. Accordingly, the objective is to expand the coconut-based…
Sampath Bank PLC and the Sri Lanka Ports Authority (SLPA) have jointly launched Sri Lanka’s first real-time USD payment solution for the maritime industry, eliminating traditional manual payment processes and streamlining foreign currency transactions across the country’s shipping and logistics ecosystem. The initiative marks another industry-first innovation from Sampath Bank and a significant step forward…
The Sri Lanka Retailers’ Association (SLRA) successfully held its 9th Annual General Meeting (AGM) on 23 June 2026 at Hilton Colombo Residencies, bringing together members of the country’s organized retail sector to review the Association’s achievements over the past year and outline its strategic priorities for the future. The AGM formally adopted the Annual Report…
New pharmaceutical manufacturing facility to be developed at BOI Horana aims to improve local access and availability of quality medicines Reinforces over three decades of Zydus’ commitment to Sri Lanka Strengthens Sunshine’s role in national healthcare and economic resilience Zydus Lifesciences, an innovation-driven global lifesciences company and Sunshine Healthcare today announced the setting up of…
The Colombo Stock Exchange (CSE) officially opened its Gampaha Branch to the public this Tuesday (23rd June), further strengthening its countrywide presence. The inauguration of the branch was officiated by the Chairman of the Securities and Exchange Commission (SEC) Senior Professor D.B.P.H Dissabandara, Director of the CSE Mr. Sujeewa Peiris, and CEO Mr. Rajeeva Bandaranaike,…
Reuters – Asian shares pulled back on Friday after a stellar quarter, as Apple’s hefty price hikes revealed the downside of booming chip demand, while the threat of Japanese intervention kept the yen from hitting 40-year lows. Oil prices fell toward their lowest in fourth months, with Brent crude futures down 1.9% to $73.9 a…
The Asian Development Bank (ADB) has approved a $57.4 million financing package to help Sri Lanka expand access to affordable clean energy and reduce greenhouse gas emissions through rooftop solar aggregation and virtual net metering. The financing consists of a $35 million concessional loan, grants of $16.9 million from the European Union and $5.5 million…
The Ceylon Chamber of Commerce announced the re-election of Chairperson Krishan Balendra and the election of its Board for the Year 2026/27 at the Chamber’s 187th Annual General Meeting on June 25. High Commissioner of Britain to Sri Lanka, His Excellency Andrew Patrick, attended as Chief Guest. The 2026/27 office-bearers are Chairperson Krishan Balendra, – Chairperson John Keells Holdings PLC,…
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