Sri Lanka’s export sector has demonstrated continued resilience and growth momentum, with total exports surpassing the US$ 7.3 billion during the first five months of 2026. The country’s combined merchandise and services exports reached an estimated US$ 7,393.39 million from January to May 2026, recording a 7.56% year-on-year growth compared to the corresponding period in…
Uber, Sri Lanka’s leading ride-hailing and delivery platform, today announced the launch of Uber Eats and Uber Rides in Ratnapura, further expanding its footprint across the island. Residents and visitors can now access food, groceries, everyday essentials, and reliable transportation through the Uber app, while local merchants, delivery partners, and drivers gain new opportunities to…
The International Finance Corporation (IFC), a member of the World Bank Group, is supporting New Anthony’s Farm Group (NAF) to expand operations, strengthen efficiency, create jobs and enhance rural livelihoods at one of Sri Lanka’s top poultry producers. IFC’s investment will enable NAF—Sri Lanka’s only fully antibiotic-free poultry producer—to scale capacity, improve value chain efficiency,…
Alliance Finance Company PLC (AFC) has entered into an advisory engagement with the International Finance Corporation (IFC), a member of the World Bank Group, to strengthen its capabilities in climate-smart agriculture (CSA) financing in the country. The engagement will support AFC in identifying opportunities within agricultural value chains and enhancing its risk management framework for…
The Colombo Stock Exchange (CSE) hosted a free online workshop on the implementation of the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards on Tuesday, 23rd June 2026 which saw a strong turnout of approximately more than 410 participants. The workshop was conducted in collaboration with the United Nations Sustainable Stock Exchange Initiative (UN SSE),…
The Thailand–Sri Lanka Business Forum: Trade, Investment and Beyond, organized by the Royal Thai Embassy together with the Sri Lanka–Thailand Business Council and the Sri Lanka–Greater Mekong Business Council, highlighted the opportunities created by the newly enacted Sri Lanka–Thailand Free Trade Agreement (SLTFTA). The forum, which brought together business leaders, diplomats, and government officials from…
Sri Lanka’s apparel and textile exports grew 7.96% in May 2026 to US$394.14 million, the industry’s best single-month performance so far this year and a sign that demand from key markets is beginning to firm up after a difficult start to the year. The United States led the gain, with shipments rising 15.36% to US$149.96…
The Teejay Group recorded revenue of LKR 60.04 billion during the period, reflecting a 10% year-on-year decline, primarily due to continued softness in global textile demand. This performance was largely impacted by reciprocal tariffs imposed by the United States, intensified pricing pressures across key markets, and the resulting decline in volumes, all of which collectively…
Exclusive cardholder spend campaign delivers once-in-a-lifetime global football experience The Commercial Bank of Ceylon, in collaboration with Visa, has rewarded two of its credit cardholders with an extraordinary opportunity to witness the Final of the FIFA World Cup 2026 in the United States, one of the most coveted events in global sport. Selected through a…
Reuters – Asian stocks were wobbly on Wednesday, a day after a global selloff in technology and semiconductor shares, with analysts cautioning about the risk of renewed volatility. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.02%. South Korean share which plunged 10% on Tuesday in their sharpest one-day drop since March, jumped 2.2%, while…
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