Hambantota International Port (HIP) has commissioned a new six-hectare Roll-on/Roll-off (RoRo) yard as part of Stage I of Phase II of its RoRo yard expansion programme, marking a significant step in the port’s long-term automotive transhipment strategy. The newly completed yard increases vehicle parking capacity to 4,500 units per terminal space, easing pressure on existing…
The Colombo Stock Exchange showed signs of recovery today (04), a day after recording the largest single-day decline in its history. The All Share Price Index (ASPI) gained 134.03 points to close at 22,577.41 at the end of trading, while the S&P SL20 Index advanced by 44.01 points to settle at 6,357.66. Today’s turnover stood…
Let us overcome these challenges together by maintaining constant vigilance over new developments in every sector – President President instructs officials to prepare a relief package designed to promote investment in the modern technology sector A discussion was held today (04) at the Presidential Secretariat under the patronage of President Anura Kumara Dissanayake to examine the…
The business barometer dips again following a brief surge as corporate optimism fades Unpredictable global politics, T20 World Cup fever, progress on the 2025 Corruption Perceptions Index (CPI), emerging health concerns and the not unusual political drama have dominated conversations in recent weeks. Sri Lanka recorded notable progress on the CPI by Transparency International (TI),…
A high-level business promotion programme held on 27 February 2026 in Bremen brought together major trade chambers, business associations, and prominent German companies, providing an opportunity to further strengthen bilateral relations between Sri Lanka and Germany, explore prospects in the German market, and promote Sri Lanka Expo 2026 as a key international trade event.. At…
Asia-Pacific (APAC) commodity issuers are likely to see divergent credit effects if the Iran conflict prolongs disruption to Gulf energy supply and shipping, Fitch Ratings says. Upstream producers would benefit from higher realised prices, while the cost inflation would pressure the margins of downstream, energy- and feedstock-intensive sectors. Higher input prices pose the main risk…
Reports total income of Rs. 72.43 billion Total assets up 14.15% to Rs. 287 billion Pays Rs. 31.07 billion in net claims and benefits to policyholders, up 24.06% Life Fund crosses Rs. 200 billion Ceylinco Life has recorded its 22nd consecutive year of market leadership in Sri Lanka’s life insurance industry, posting gross written premium…
A SriLankan Airlines flight is scheduled to depart for Dubai this afternoon. According to the Bandaranaike International Airport arrivals and departures schedule, Flight UL231 is set to leave at 2:30 p.m. today (04). Passenger check-in for the flight has already commenced. The same flight is scheduled to operate the return service as Flight UL232, departing…
The International Monetary Fund (IMF) on Tuesday (03) said it is closely monitoring the unfolding developments in the Middle East, warning of emerging disruptions to trade and economic activity alongside rising global uncertainty. In a statement issued from Washington, DC, the IMF noted that the situation has already led to disruptions in trade flows and…
Reuters – The war in Iran and the resulting surge in energy prices will impact emerging markets well beyond inflation to broader pressures on external balances, currencies and capital flows, analysts warn. Brokerages, including J.P.Morgan and Bernstein, expect Brent prices to rise above the $100 mark if the conflict continues as Tehran has vowed to close the Strait of…
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