Sri Lanka’s apparel exports recorded a broad-based decline in February 2026, reflecting increasing pressure across key global markets. Total exports for the month fell by 11.46% year-on-year to US$ 361.2 million, with notable contractions in the EU (-19.48%), USA (-3.53%), UK (-5.67%), and other markets (-18.54%). This trend extends into the cumulative performance for the…
Reuters – Stock markets slumped in Asia on Monday as investors dug in for a protracted Gulf conflict that already has oil prices heading for a record monthly rise, bringing a spike in inflation and the risk of recession to much of the globe. The Financial Times on Sunday quoted President Donald Trump saying the…
SLT-MOBITEL, Sri Lanka’s National ICT Solutions Provider, is combining innovation, resilience, and a people‑first vision to amplify efforts at expanding the country’s digital transformation agenda. Building on strong FY 2025 financial results, the company is pioneering initiatives to elevate customer experiences, strengthen enterprises, and advance national digital inclusion, establishing SLT-MOBITEL’s role in driving Sri Lanka’s…
A new era of retail and lifestyle is set to begin in Southern Sri Lanka as Galle City Center (GCC) prepares to open its doors to the public on Tomorrow, offering a fresh and modern experience to visitors. Located in the historic city of Galle, GCC is an ultra-modern shopping complex designed to redefine the…
The Commercial Bank of Ceylon has further strengthened its digital payments leadership by becoming the first bank in Sri Lanka to enable 3D Secure (3DS) authentication for e-commerce transactions on the LankaPay/JCB National Card Scheme, significantly strengthening the security and global usability of the card. This milestone makes the LankaPay/JCB card a fully empowered e-commerce…
A delegation of 30 professionals from the Ceylon Chamber of Commerce recently completed a specialised residential training programme on International Trade Facilitation at the Indian Institute of Foreign Trade (IIFT) in New Delhi. Hosted by the Indian Institute of Foreign Trade, a premier institution established under India’s Ministry of Commerce and widely regarded as a…
Following the successful market validation of its SEAFORM Perth joint venture, JAT Holdings PLC has entered the Australian cabinetry manufacturing segment through securing a manufacturing facility in Perth. JAT’s initial entry into the market through SEAFORM Perth provided clear indicators of demand for premium cabinetry solutions. The business observed sustained traction at a premium price…
The Lanka Confectionery Manufacturers Association (LCMA) has announced that prices of biscuits, ice cream, chocolate, and other confectionery products will not be increased until May. This was stated by representatives of the association during a discussion held yesterday (26) with the Minister of Trade, Commerce, Food Security and Co-operative Development, Wasantha Samarasinghe. The meeting was…
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…
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