MAS Holdings, Sri Lanka’s largest apparel manufacturer, announced that two of its subsidiaries, Texo (Pvt) Ltd, a cotton fabric processing mill, and Noyon Lanka, a knitted lace manufacturer, have officially become bluesign® System Partners, marking a significant step forward in the company’s commitment to responsible, future-ready manufacturing. With these two facilities achieving bluesign® System Partner status,…
Reuters – Stocks were on tenterhooks and oil prices rose in choppy trade on Tuesday as U.S. President Donald Trump’s postponement of the bombing of Iran’s power grid proved no panacea for investors worried about the ramifications of the Middle East war. U.S. Treasury yields pushed higher and the dollar regained lost ground, in a…
Reuters – Indian sugar mills have returned to the export market, locking in 100,000 metric tons of shipments in a week after a slump in the rupee to a record low and a rally in global prices restored the economics of overseas sales, five dealers told Reuters. Shipments from the world’s second biggest sugar producer…
Reuters – Oil prices fell by over 13% on Monday after U.S. President Donald Trump said he would order the military to postpone any strikes against Iranian power plants and energy infrastructure. Brent crude futures had fallen around $17, or 15% to a session low of $96 a barrel by 1108 GMT while U.S. West…
A high-level delegation from the Asian Development Bank (ADB), led by its President Masato Kanda, conducted a site visit to the Sri Lanka Ports Authority today (23) to assess ongoing development projects and operational activities. The visit included inspections at the Port of Colombo and its pilot station, where the delegation reviewed key infrastructure developments…
The overall rate of inflation as measured by the NCPI on a Year-over-Year basis was 1.6% in February 2026 and inflation calculated for the January 2026 was 2.4%. On a monthly basis, the Year-on-Year inflation of the food group decreased to 1.1% in February 2026 from 3.4% in January 2026 and the Year-on-Year inflation of…
President of the Asian Development Bank, Masato Kanda, arrived in Sri Lanka early this morning (23) for a three-day official visit aimed at strengthening economic cooperation, engaging with key stakeholders, and assessing cyclone-related damage in affected areas. Mr Kanda was received upon arrival by the Minister of Labour and Deputy Minister of Finance and Planning,…
WindForce PLC has been awarded a new grid-scale Battery Energy Storage System (BESS) project in Panadura, marking its 13th project under Sri Lanka’s national BESS programme. The project, with a capacity of 10 MW/40 MWh, was awarded on March 20, 2026, and will be implemented under a Build–Own–Operate model over a 15-year period. The company…
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) jointly organized an awareness session recently, for auditors of companies which are currently on the CSE Watchlist. The session focused on enhancing awareness of enforcement actions and timelines, reducing prolonged Watchlist durations, and fostering a more coordinated regulatory approach among…
The Board of Investment of Sri Lanka (BOI) has announced the postponement of the Sri Lanka Investment Forum 2026, which was scheduled to be held on March 30. In a statement, the BOI said the decision was taken in light of ongoing global developments and their impact on international travel and logistics. The forum, which…
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