Amana Takaful PLC has successfully closed its Rights Issue, raising more than Rs. 1 billion through the allotment of over 52.8 million new ordinary voting shares priced at Rs. 19 each. The offer, extended exclusively to existing shareholders, was oversubscribed by 68.8%, signaling solid investor confidence in the company’s direction. The response builds on a…
Reuters – Oil prices fell more than 1% on Tuesday, extending losses from the previous session, on signs of some progress in restoring crude flows through the Strait of Hormuz following U.S.-Iran peace talks. Brent crude futures fell $1.09, or 1.4%, to $76.81 a barrel and U.S. West Texas Intermediate declined to $72.99 a barrel, down 87…
Sri Lanka has earned a prestigious spot in the 2026 global medical tourism landscape, ranking 49th among the world’s most sought-after healthcare destinations. The island nation is increasingly recognized for its sophisticated “integrated healthcare journeys,” which combine high-quality clinical procedures in fields like cardiology, oncology, and fertility treatment with world-renowned Ayurveda traditions. From the advanced…
Sri Lanka is now one of the easiest international luxury getaways for travellers from Gujarat. Starting 19 June 2026, FitsAir, Sri Lanka’s first private international airline, will launch direct flights between Ahmedabad and Colombo, offering seamless access to the island nation in just 3 hours and 40 minutes. Launched in partnership with City of Dreams…
As Sri Lanka pursues an ambitious target of US$ 36 billion in export earnings by 2030, exporters are urging authorities to address a series of long-standing regulatory, operational and policy issues that affect competitiveness across several sectors identified as priorities for the country’s export growth agenda. The National Chamber of Exporters of Sri Lanka (NCE)…
Within seven months of completing the acquisition of Mirotone NZ Limited, JAT Holdings PLC has commenced the brand’s re-entry into Australia through its subsidiary, Mirotone Australia Pty Ltd. The milestone marks an early step in converting the growth plan presented to investors at the time of the transaction into commercial execution and reinforces the Group’s…
Mr. M.R.A.G.B. Muthukude, a Senior Officer of the Special Grade of the Sri Lanka Accountants’ Service, has been appointed as the new Director General of the Department of Management Audit of the General Treasury. During his long public service career of nearly thirty years, he has held many responsible positions such as Director and Additional…
The Sri Lanka Export Development Board (EDB), in collaboration with the Embassy of Sri Lanka in Thailand, successfully organized a Technical Exposure and Capacity Building Programme in parallel to THAIFEX – ANUGA ASIA 2026, held from 24th to 31st May 2026 in Bangkok, Thailand. The programme provided a unique opportunity for 11 export ready Sri…
A discussion aimed at identifying swift solutions to the challenges facing Sri Lanka’s apparel sector, with a view to strengthening an export-led economy and enhancing dollar earnings, was held this afternoon (22) at the Presidential Secretariat under the patronage of President Anura Kumara Dissanayake. The meeting brought together leading business leaders and investors in the…
You must be extremely vigilant about this scam. It is highly sophisticated, and many people can easily become victims because the fraudsters have designed it to appear completely legitimate. The scam typically begins with a WhatsApp message sent to the victim. The message claims to be from the Department for Registration of Persons (DRP) and…
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