The Condominium Developers Association of Sri Lanka (CDASL), the premier representative body of condominium developers in Sri Lanka, successfully held its 12th Annual General Meeting on 23 June 2026 at the Board Room of the Ceylon Chamber of Commerce. At the AGM, the membership reappointed Mr. Pinsiri Fernando of Suncity Property Developers (Pvt) Ltd as…
Melco Resorts & Entertainment, a globally recognised leader in luxury integrated resorts, continues to redefine destination hospitality through a portfolio that spans Asia and Europe. With six landmark integrated resorts across Macau, Manila, Cyprus and Colombo, Melco has built a reputation for world-class design, exceptional service, elevated dining and immersive entertainment experiences. For Sri Lankan…
This week marked the close of a remarkable chapter in Sri Lanka’s investment promotion history, as Mrs. Renuka M. Weerakone, Director General of the Board of Investment of Sri Lanka (BOI), relinquishes her position on 30 June after more than three decades of unbroken service to the institution she has helped shape and steer. Mrs….
The Sri Lanka–Thailand Free Trade Agreement (SLTFTA), signed in 2024 and currently awaiting implementation, took center stage at the Thailand–Sri Lanka Business Forum: Trade, Investment and Beyond, organized by the Royal Thai Embassy in collaboration with the Sri Lanka–Thailand Business Council and the Sri Lanka–Greater Mekong Business Council in Colombo on 18 June 2026. Bringing…
Enabling seamless contactless payments at home and abroad Seylan Bank, in collaboration with Google and Mastercard, has launched Google Pay for its Mastercard debit and credit cardholders, marking another milestone in Sri Lanka’s shift towards cashless, mobile‑first payments. With this launch, Seylan Bank customers can add their Mastercard cards to Google wallet and make fast,…
Reuters – Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-hot AI rally that has pushed global stocks to record highs. Tech-heavy markets in Japan and South Korea rose sharply after Micron said its customers had committed $22 billion for its memory chips, while Qualcomm anticipates $15…
Reuters – Oil prices extended their decline on Thursday to near levels last seen before the start of the Iran war, as rising supply expectations from the Middle East outweighed demand concerns. Prompt-month Brent crude futures for August delivery fell $1.22, or 1.65%, to $72.52 a barrel as of 0337 GMT, while U.S. West Texas…
Mr. Milinda Moragoda, Founder of the Pathfinder Foundation, hosted a luncheon meeting for Dr. S. Paul Kapur, U.S. Assistant Secretary of State for South and Central Asian Affairs, on 23 June 2026. The meeting was attended by prominent business leaders, heads of diplomatic missions, policy experts, and representatives from key sectors of the Sri Lankan economy, offering an opportunity for constructive engagement…
Assistant Secretary of State for South and Central Asian Affairs S. Paul Kapur arrived in Colombo on Sunday (21) for a three-day official visit aimed at strengthening U.S.-Sri Lanka relations. During his visit, Kapur is scheduled to meet senior Sri Lankan government officials, private sector leaders, and representatives of U.S. companies operating in the country…
The Central Bank of Sri Lanka has updated tourism earnings following the SLTDA’s (Sri Lanka Tourism Development Authority) methodology revision. Earnings for May 2026 reached USD 155.7 million, bringing the cumulative total for January – May 2026 to USD 1,360 million. The revision significantly adjusted the figures for the first four months of the year: January:…
Video Story
