Reuters – Stocks fell in Asia on Friday, the dollar headed for its largest weekly gain in four months and oil prices were rising as a U.S. military build up in the Middle East and a rout in private equity stocks sent ripples of nerves across markets. Japan’s Nikkei, opens new tab dropped 1%. Hong…
‘Shaping the future through digital payments’ The Central Bank of Sri Lanka (CBSL) will conduct a promotional campaign in Kurunegala on 20 and 21 February 2026 to raise awareness of digital payments among the business community and the general public. The campaign will be held with the participation of Dr. Nandalal Weerasinghe, Governor of CBSL,…
LAUGFS Gas PLC says it has taken steps to ensure uninterrupted LP Gas supply despite temporary distribution constraints in the market. In a statement issued today (19), the company said the shortfall arose due to an operational limitation affecting the use of its 30,000-metric-ton LPG import terminal in Hambantota, which disrupted regular import logistics. The…
Sri Lanka still does not possess advanced infrastructure to gain maximum benefit of the AI technology, President Anura Kumara Dissanayake stated. President Dissanayake made this assertion while addressing the leaders’ plenary as part of the ‘AI Impact Summit 2026’ in New Delhi. The leaders’ plenary hosted by Indian Prime Minister Narendra Modi brings together world…
WindForce PLC is pleased to announce that it has received the Letters of Award on 16 February 2026 for twelve standalone Battery Energy Storage System (BESS) projects, secured through an international competitive bidding process conducted by the Ceylon Electricity Board. These projects form part of Sri Lanka’s first-ever grid-scale standalone BESS programme and collectively represent…
The Embassy of Sri Lanka in Riyadh organized the first-ever virtual Workshop of its kind to educate Sri Lankan exporter companies on Saudi regulatory procedures and requirements for exporting Sri Lankan food and beverage products to the Kingdom of Saudi Arabia, in collaboration with the Saudi Food and Drug Authority (SFDA) and the Sri Lanka…
The Ceylon Motor Traders Association (CMTA) has highlighted the fact that Sri Lanka’s vehicle import framework requires urgent recalibration to ensure fairness, transparency, and the protection of state revenue. The CMTA states that one of the most critical issues that must be addressed is the automatic 15 per cent reduction applied to the CIF value…
The Sri Lanka Export Development Board (SLEDB) successfully organized a Market Exposure and Capacity Building Programme in parallel with BIOFACH 2026, held in Germany from 09th to 14th February 2026. Implemented in collaboration with the Import Promotion Desk (IPD) and the Sri Lanka Embassy in Berlin, the initiative brought together a selected group of Sri…
Reuters – Meta Platforms, opens new tab CEO Mark Zuckerberg on Wednesday repeatedly said during a landmark trial over youth social media addiction that the Facebook and Instagram operator does not allow kids under 13 on its platforms, despite being confronted with evidence suggesting they were a key demographic. Mark Lanier, a lawyer for the…
The unit trust industry of Sri Lanka reported a 6.1% year-over-year growth of its assets under management (AUM), crossing the Rs. 600 Bn mark by the end of January 2026. Furthermore, AUM was up 3.8% since December 2025. These assets are currently managed across 84 funds by 16 management companies. AUM was driven primarily by…
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