By Dr Manoj Thibbotuwawa and Chandula Idirisinghe Cyclone Ditwah destroyed early-stage Maha season paddy, vegetables, and perennial crops, disrupting both current and upcoming harvests. Together, rising prices, lower production, and declining purchasing power are likely to intensify food insecurity and further undermine nutrition. Restoring transport links, supporting farmers to replant, protecting vulnerable households and strengthening…
Sanasa Life Insurance Company PLC has announced that its registration to carry out long-term insurance business has been suspended by the Insurance Regulatory Commission of Sri Lanka (IRCSL). According to a disclosure made to the Colombo Stock Exchange (CSE), the IRCSL issued a letter dated 5 December 2025 (Ref: IRCSL/DG/LEG/2025/12/754) invoking Sections 18(1)(d), (f), (g)…
Canary Wharf Holdings Pte Ltd, based in Singapore, marked a major milestone on the 27th of November 2025 with the successful announcement event of Colombo Gateway One to be developed within Port City Colombo, an extension of Colombo’s existing Central Business District. The event, held at Port City Colombo’s Sales Gallery, welcomed leading corporates and high-net-…
Reuters – South African supermarket retailer SPAR Group, opens new tab is negotiating the sale of its UK business as it narrows its focus to core markets and rolls out new growth formats, it said on Monday. The South African company, which owns several country licences of the Dutch SPAR group, has exited Switzerland and…
Jetstar will take off for the first time from Australia to Sri Lanka in August next year, with the launch of the only direct low-cost service from Melbourne to the South Asian nation’s capital, Colombo. From 25 August 2026, Jetstar will become the first Australian airline to operate this route, flying three times a week between Melbourne and Colombo and offering more than 100,000 low-fare seats a year on the new route. Upgraded aircraft This year-round service will be operated by Jetstar’s fleet of 11 widebody Boeing 787 Dreamliners which are progressively being upgraded from…
Binance, the world’s largest cryptocurrency exchange by trading volume and users, today announced a landmark regulatory achievement: The Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the UAE, has formally approved the authorisation of Binance’s global platform, Binance.com, under a comprehensive regulatory framework. This global first…
Seylan Bank PLC entered a strategic partnership with the Central Depository Systems (Pvt) Limited (CDS), the wholly owned subsidiary of the Colombo Stock Exchange (CSE), through the signing of a Memorandum of Understanding (MoU) aimed at enhancing investment accessibility for non-resident investors. The MoU enables prospective, non-resident individual investors with Inward Investment Accounts (IIAs) to…
The Sri Lanka–Russia Business Council (SLRBC) of The Ceylon Chamber of Commerce successfully held its 22nd Annual General Meeting at the Cinnamon Grand Colombo – Oak Room, with the presence of senior government officials, business leaders, diplomatic representatives, and members of the Council. The meeting was attended by His Excellency Levan Dzhagaryan, Ambassador of the…
The Colombo Tea Traders’ Association is the private sector apex body of the tea industry. The Committee of the association encompasses a broad spectrum of industry stakeholders that includes representatives from The Planters’ Association of Ceylon, Sri Lanka Tea Factory Owners’ Association, Colombo Brokers Association, Tea Exporters’ Association, Sri Lanka Federation of Tea Smallholdings Development…
The Export Development Board (EDB) has launched a rapid relief and recovery program following the severe impact of adverse weather conditions on Sri Lanka’s export sector. A discussion meeting was held recently at the EDB premises, with the participation of Secretary to the Ministry of Industry and Entrepreneurship Development Mrs. Tilaka Jayasundara, EDB Chairman and…
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