The Court of Appeal has ruled in favour of the Central Bank of Sri Lanka, setting aside a decision of the Right to Information (RTI) Commission that had directed the disclosure of detailed transaction level information relating to the Employees’ Provident Fund (EPF). The case arose from an RTI request submitted by Verité Research (Pvt)…
The number of foreign tourists who have arrived in the country so far in 2026 has exceeded 700,000, reports say. According to the latest data released by the Sri Lanka Tourism Development Authority (SLTDA), the total number of tourists who have arrived in the country so far is 708,348. The statistics further reveal that 151,693…
Launches the first ever national AI Visibility Index BrandRadar by Roar Global recently hosted Sri Lanka’s first AI Visibility Summit, bringing together senior marketers, corporate decision-makers, and industry leaders to examine how AI is reshaping brand discovery and recommendation. The summit marked BrandRadar’s introduction to the Sri Lankan market and the unveiling of the Sri…
SriLankan Airlines has recorded a revenue increase following the implementation of a next-generation, AI and Machine-Learning (ML) powered Origin and Destination (O&D) revenue management platform. The system enables dynamic pricing and smarter inventory optimisation, while delivering a superior passenger experience across all sales channels through real-time seat availability and predictive analytics. Kshanaka Saparamadu, Head of…
The effects of higher oil prices and declining equity markets would be the main drivers of the negative global economic impact from an adverse scenario in which the Iran conflict continued until end-1H26, Fitch Ratings says. Our cross-sector analysis shows that global real GDP would be about 0.8% lower after four quarters compared to our…
Sri Lanka proudly welcomes over 800 international guests for the destination wedding of entrepreneur Mujtaba Shaikhani and Dr. Hafsha Merchant, a distinguished aesthetic medicine doctor from Mumbai. The four-day celebration, held at the Shangri-La Hambantota Golf Resort & Spa, marks one of the largest international weddings hosted in the country, with guests staying an average…
Reuters – Asian countries including Vietnam, Thailand, the Philippines, Indonesia and Sri Lanka are lining up to buy Russian oil as the Iran war blocks supplies, raising the possibility that demand may exceed supply, several sources including Russia said. Since the war in Ukraine prompted European customers – once the biggest buyers of Russian oil…
Blue Arc Manufacturing and the BOI signed an agreement to manufacture the first containerized substation assembly factory in Sri Lanka, specializing in the production of innovative, electrical systems designed for the world’s most demanding environments. By leveraging a skilled local workforce and international engineering standards, Blue Arc is delivering high-end electrical infrastructure to the Australian…
Sri Lanka’s total exports, including both merchandise and services, reached US$ 1,401.78 million in February 2026, reflecting a notable year-on-year growth of 4.22% compared to February 2025. According to provisional data from Sri Lanka Customs, along with estimated figures for Gems & Jewellery and Petroleum Products, merchandise exports for February 2026 increased by 1.32% to…
Reuters – Gold prices held steady on Thursday, as investors awaited clearer signs of progress in Middle East de-escalation efforts and stayed cautious ahead of fresh geopolitical developments that could shape safe-haven demand. Spot gold was steady at $4,503.29 per ounce as of 0300 GMT. U.S. gold futures for April delivery lost 1.2% to $4,500….
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