The global gemstones market continues to demonstrate robust growth momentum, driven by evolving consumer preferences, technological advancements, and increasing affluence in emerging economies. According to new market intelligence, the gemstones market size was valued at USD 58,291.02 million in 2023 and is anticipated to reach USD 101.01billion by 2032, expanding at a compound annual growth…
India has taken a new step to boost regional financial cooperation, with the Reserve Bank of India (RBI) approving regulatory changes that allow Indian banks to issue loans in Indian rupees (INR) to borrowers in Sri Lanka, Bhutan, and Nepal. The revision enables both Indian banks and their foreign branches to extend INR credit to…
Moody’s Ratings (Moody’s) has completed a periodic review of the ratings of Sri Lanka and other ratings that are associated with this issuer. The review was conducted through a rating committee held on 2 October 2025 in which we reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), and recent…
A special discussion was held yesterday afternoon (13) at the Presidential Secretariat between President Anura Kumara Dissanayake and representatives of plantation companies regarding the proposed increase in estate workers’ daily wage. The discussion focused on the proposal to raise the daily wages of plantation workers in line with the salary increases granted to public and…
Due to a disruption in the Lanka Government Cloud (LGC), several online services managed by various government organizations have been temporarily affected. These include the Birth, Marriage, and Death (BMD) Certificate System of the Registrar General’s Department, the e-Revenue License System (eRL 2.0) of the Provincial Departments of Motor Traffic (except the Western Province), the…
United Petroleum Lanka (Pvt) Ltd., a significant long-term overseas investor and Australian-owned subsidiary of United Petroleum Group, launched their operations in the Sri Lankan market in August 2024 with immense enthusiasm and commitment. With technical expertise and best practices of Australia’s highly competitive fuel retail industry, United Petroleum Lanka aimed to enhance local energy industry…
With macroeconomic stability largely restored, and Sri Lanka now facing the task of crafting the next phase of its economic strategy, Day One of the Sri Lanka Economic & Investment Summit 2025 on December 2nd, will feature a session on how Sri Lanka can drive sustainable, inclusive, and investment-led growth, to convert stability into long-term…
Hayleys Fentons Limited announced the launch of Hayleys Mobility, a new venture delivering cutting-edge new-energy vehicle solutions and infrastructure, supporting the country’s transition towards sustainable mobility. This initiative comes in response to the growing demand for cleaner, smarter, and more energy-efficient transportation options among Sri Lankan consumers and businesses. Through exclusive partnerships with world-renowned automotive…
The Sri Lanka Export Development Board (EDB) successfully conducted a workshop on the application and impacts of Artificial Intelligence (AI) in Small and Medium Enterprises (SMEs) and export trade in Jaffna. Organized in collaboration with the EDB Northern Province office, the workshop attracted approximately 80 participants, including development officers and exporters from across the district….
Tops ‘Sri Lanka’s version of the Fortune 500’ for the 10th time Contribution of 5.4% to national export income in 2024-25 ‘AAA (lka)’ National Long-Term (with a stable outlook) by Fitch Ratings for 2025 Hayleys PLC has been ranked as Sri Lanka’s leading listed corporate in the 32nd edition of the LMD 100, securing the…
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