Sri Lanka’s most ambitious urban development project reached a critical execution milestone, as construction officially commenced on the first residential development within Port City Colombo. The milestone marks the transition of the country’s flagship Special Economic Zone (SEZ) from regulatory readiness to active private-sector delivery. The project, Bay One Residences Colombo, is being developed by…
Colombo has been ranked the most unaffordable city in the world for buying property, according to the latest Property Prices Index from Numbeo, the world’s largest cost-of-living database. The data show that the price-to-income ratio in Colombo is 55.3, meaning the average property costs more than 55 times the average annual income. By comparison, the gross rental…
The Joint Apparel Association Forum (JAAF) has elected Felix A. Fernando as its new Chairman at the Forum’s 22nd Annual General Meeting, marking the start of a new leadership term for Sri Lanka’s apparel industry at a pivotal stage of its development. Felix Fernando succeeds Saifuddin Jaferjee, who concluded his tenure following a year shaped…
The Colombo Stock Exchange (CSE) reached a new milestone today (23), with the All Share Price Index (ASPI) touching the 24,000 level during intraday trading for the first time in history. The benchmark index closed at 23,956.51 points, up by 142.74 points from the previous session, underscoring strong market momentum. The S&P SL20 Index also…
The Board of Investment of Sri Lanka (BOI) has achieved a significant investment milestone in 2025 surpassing USD 1 billion Foreign Direct Investment (FDI) , marking a decisive turning point in Sri Lanka’s investment recovery. FDI inflows for the year reached USD 1,057 million, representing a 72 percent increase compared to 2024. This strong performance…
Expanded quay length and carrier confidence signal accelerated growth for the Port of Colombo’s transhipment operations The Colombo East Container Terminal of the Sri Lanka Ports Authority marked a pivotal operational milestone today with the commissioning of its third berth at the Port of Colombo. The occasion drew senior representatives from leading global carriers including…
(Reuters) – U.S. banking giant JPMorgan Chase, opens new tab has closed a deal to buy UK-based pensions technology platform WealthOS, according to an internal memo seen by Reuters on Thursday. The acquisition will deepen the bank’s footprint in pensions, positioning it to tap demand for retirement planning products as customers seek predictable income in…
SLYCAN Trust convened a High-Level Forum on Climate Finance and Climate-Related Extreme Events in Sri Lanka on 20 January 2026 in Colombo, as part of its broader work on climate and disaster risk finance, loss and damage, and multi-actor partnerships, bringing together government representatives, international climate finance institutions, UNFCCC-linked mechanisms, development partners, and technical experts….
The Colombo Stock Exchange’s benchmark index, the All Share Price Index (ASPI), reached the 24,000-point level for the first time in history today (23). The milestone was achieved during intraday trading, with the ASPI touching the 24,000 mark at around 1.20 p.m. Market analysts say the move reflects strong investor sentiment and sustained buying interest…
The Sri Lankan land market maintained solid growth in 2025, with Colombo suburbs and Western Province districts emerging as key drivers, according to the latest Land Price Index (LPI) 2025 (updated), published by LankaPropertyWeb (LPW). The 2025 index shows that Colombo 1–15 recorded a 4% year-on-year increase in average land prices per perch, reaching LKR…
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