Mr. Andre Fernando, Group Chairman of MAC Holdings (Pvt) Ltd and Chairman of the Sri Lanka Logistics & Freight Forwarders’ Association (SLFFA), has been appointed as a member of the Trade Logistics and Hub Operations Advisory Committee of the Sri Lanka Export Development Board (EDB). The appointment, effective from 2 August 2026, recognises Mr. Fernando’s…
Sri Lanka’s post-crisis recovery has restored a measure of stability, but transforming it into durable growth requires stronger productivity, resilience, and improvements in household living standards. With limited fiscal and external space, growth must rely on private investment, more competitive exports, and better-quality jobs rather than consumption-led expansion. Building resilience to climate, energy, and external…
Reuters – The International Monetary Fund warned on Tuesday against “complacency” in global financial markets, citing risks from an artificial intelligence-driven selloff, rising government bond yields, or cyberattacks as potential threats facing still- resilient markets. The body cautioned in its latest Global Financial Stability Report that should AI profits or investments wane, it could trigger…
The 2026 Nobel economics prize has been awarded to US economists Robert Hall and Michael Woodford, the Royal Swedish Academy of Sciences said on Monday. Robert Hall and Michael Woodford on Monday won the 2026 Nobel economics prize for their work into how monetary and fiscal policy can help stabilise fluctuations in the economy. The pair were…
Sri Lanka’s plantation sector is entering a new phase of transformation, as technology and innovation reshape how estates operate, manage resources and sustain productivity. Across the country’s tea estates and other plantations, machines are increasingly complementing skilled workers in tasks once done almost entirely by hand, while software and data bring new precision to decisions…
A New Milestone for Sri Lanka’s Maritime Industry Sri Lanka’s maritime industry has achieved another historic milestone as Colombo West International Terminal (Private) Limited (CWIT) handling two million Twenty-foot Equivalent Units (TEUs) within just 18 months of commencing operations. This achievement makes CWIT the fastest terminal in the history of the Port of Colombo to…
CIC Holdings PLC has formally disclosed to the Colombo Stock Exchange (CSE) that its associate company, Akzo Nobel Paints Lanka (Private) Limited (ANPL), is excluded from AkzoNobel N.V.’s proposed $1.35 billion regional divestment to Nippon Paint Holdings Co., Ltd. In an official regulatory filing dated October 9, 2026, submitted on behalf of CIC Holdings PLC…
In terms of Section 70(1) of the Central Bank of Sri Lanka Act, No. 16 of 2023, the Central Bank of Sri Lanka released its annual Financial Stability Review (FSR) for 2026. This statutory report provides an assessment of the stability of the financial system, identifies and evaluates the associated risks and vulnerabilities, and outlines the policy measures…
Enabled by the World Bank’s GFPP Skift, the world’s largest tourism industry Intelligence consultancy, in joint venture with MTI Consulting, the international strategy consultancy, has been selected by Sri Lanka’s Ministry of Tourism and the World Bank to strategize and support the development of Sri Lanka’s Global Destination Communication Campaign Roadmap. The assignment includes the…
President Anura Kumara Dissanayake will inaugurate the Sri Lanka Economic & Investment Summit 2026 today, 12 October, at the Shangri-La Colombo. Organised by The Ceylon Chamber of Commerce, the two-day Summit will feature senior business leaders, policymakers and international experts discussing Sri Lanka’s economic priorities and investment prospects. Held under the theme “Positioning Sri Lanka…
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