The Price Index for New Condominiums in the Colombo District reached 284.4 in the first quarter of 2026, marking a significant year-on-year increase of 18.5 percent. Despite this price appreciation, the Condominium Property Sales Volume Index experienced a year-on-year decrease of 15.2 percent, indicating a slowdown in market activity across Colombo and other major cities….
Sampath Bank PLC has introduced Google Pay for all Mastercard and Visa Credit and Debit Cardholders, marking a significant advancement on how customers in Sri Lanka access digital payment solutions. This initiative brings fast, secure, and globally accepted tap-to-pay functionality to Android devices, catering to the increasing demand for mobile-first solutions. Mobile wallets are reshaping…
The American Chamber of Commerce in Sri Lanka (AmCham Sri Lanka) hosted “Her Story, Her Voice” at Cinnamon Life Colombo yesterday evening, bringing together some of the country’s most respected women leaders for candid conversations on leadership, resilience, legacy, and influence. The event was designed for senior corporate executives, entrepreneurs, policymakers, and emerging leaders. Rather…
The Sri Lanka Export Development Board (EDB), in collaboration with the Ministry of Industry and Entrepreneurship Development (MOI&ED), announces that the deadline for online exhibitor registration for “Sri Lanka Expo 2027” will be open till 31st July, 2026. Sri Lanka Expo 2027, scheduled to be held from 14th to 17th January, 2027 at the BMICH,…
Reuters – Asian stocks drifted lower on Tuesday, even after South Korea’s Samsung Electronics forecast an eye-popping 19-fold jump in second-quarter profit, while the Japanese yen remained pinned near 40-year lows amid intervention speculation. Samsung Electronics, the world’s largest memory chipmaker, estimated April-June operating profit at 89.4 trillion won ($58.44 billion), a third straight quarter of record operating profit. South Korean…
Reaffirming its unmatched leadership and excellence in Sri Lanka’s banking sector, the Commercial Bank of Ceylon has been named Best Bank in Sri Lanka for the 15th consecutive year at the FinanceAsia Awards 2026, while also winning six other prestigious accolades across key areas of banking, the most by Sri Lankan bank. In addition to…
Reuters – Samsung Electronics, opens new tab on Tuesday flagged a 19-fold jump in second-quarter operating profit from a year earlier, surpassing its combined earnings over the past three years, but its shares slid as the results failed to ease concerns about the durability of the AI-driven chip boom. The world’s largest memory chipmaker estimated…
The inaugural ceremony of “Badhu Shakthi 2026” (“බදු ශක්ති 2026”) National Tax Week, organised by the Revenue Administration Reform and Modernisation Unit of the Presidential Secretariat with the objective of strengthening State revenue generation and accelerating the country’s future development process, was held yesterday morning (06) at the Presidential Secretariat under the patronage of Speaker…
Citrus Leisure PLC reopened both Citrus Waskaduwa and Citrus Hikkaduwa on 1 July 2026, following extensive enhancement programmes. Citrus Waskaduwa resumed operations after a one-month refurbishment, while Citrus Hikkaduwa reopened following a two-month refurbishment. The refreshed properties welcome guests back with improved spaces, upgraded facilities, and a renewed focus on delivering memorable coastal escapes. As…
Economic confidence edges up although the future is being viewed with caution Confidence in the economy improved marginally in June as the corporate community adopted a cautiously optimistic outlook – despite persistent concerns over rising costs, geopolitical tensions and broader economic uncertainties. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the…
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