To mark World Fisheries Day 2025, Sri Lanka and countries bordering the Bay of Bengal came together to celebrate the contributions of small-scale fisheries to coastal livelihoods, food security, and sustainable development. This year’s celebrations are especially significant as they coincide with FAO’s 80th anniversary, eight decades dedicated to support sustainable fisheries, food security, and…
The unit trust industry of Sri Lanka reported a 16.0% year-over-year growth of its assets under management (AUM) to Rs. 603 Bn by the end of October 2025. This is also up from Rs. 592 Bn in September. These assets are currently managed across 85 funds by 16 management companies. The industry saw 3,628…
SriLankan Airlines Riyadh recently hosted a special familiarisation tour, extending warm island hospitality to a selected group of leading leisure agents. Under the theme “Ahlan Wa Sahlan,” the programme reflected the true essence of Sri Lankan hospitality inviting guests to feel at home. The delegation, comprising nine members from leading leisure agencies, experienced the best…
Commuters will be able to pay bus fares using bank-issued credit and debit cards on buses equipped with ticket-issuing machines with effect from today (25), the Ministry of Transport announced. Accordingly, the inaugural program is scheduled to be held this morning at the Makumbura Multimodal Transport Center. The facility of paying bus fares using bank…
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has increased to 2.7% in October 2025, compared to 2.1% in September 2025, according to the latest data released by the Department of Census and Statistics. Meanwhile, food inflation has increased to 4.1% in October compared to 3.8% in September and…
A Sri Lankan business delegation, organised by the Sri Lanka–Canada Business Council (SLCBC) of The Ceylon Chamber of Commerce, with support from the Canada–Sri Lanka Business Convention (CSLBC), the Canadian High Commission in Sri Lanka, and the High Commission of Sri Lanka in Canada, concluded a trade and investment mission in Canada from 28th October…
A high-level delegation from the Department of Industry and Information Technology of Guangdong Province, China, held discussions with the Chairman and senior management of the Sri Lanka Export Development Board (EDB) at the EDB headquarters recently. EDB Chairman Mangala Wijesinghe welcomed the delegation and provided a comprehensive briefing on Sri Lanka’s current economic situation, export…
Fitch Ratings: Fitch Ratings has placed Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC) National Rating of ‘BB+(lka)’ and State Mortgage & Investment Bank’s (SMIB) National Rating of ‘BB(lka)’ on Rating Watch Positive (RWP). HDFC’s rating was previously on a Negative Outlook. Key Rating Drivers Acquisition on the Cards: The rating action follows the announcement…
SriLankan Airlines (the “Company“) and the Government of Sri Lanka (the “Government”) announced that the Company held restricted discussions between 23 October and 19 November 2025 (the “Restricted Period“) with six members of the Ad Hoc Group of Bondholders (the “Group“, and together with the Company and the Government, the “Parties“) relating to its US$…
JXG (Janashakthi Group) announced consolidated results for the first half of the financial year 2026 (1H FY26), ended 30 September 2025, demonstrating solid momentum in profitability and strong growth across key financial and operational metrics. “We are pleased to see the positive trajectory continue into the first half of FY26, with performance surpassing the previous…
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