ANI: The recent trade agreement between the United States and India serves as a significant catalyst for this growth, creating a ripple effect that benefits neighbouring economies. Hishan Singhawansa, CEO of Cinnamon Hotels & Resorts, told ANI that the expansion of the Indian economy directly correlates with the prosperity of Sri Lanka. ‘If India grows,…
Climate shocks are increasingly shaping Sri Lanka’s economic recovery, with floods and extreme weather events now posing risks that extend well beyond immediate damage. Tourism continuity, investor confidence, and recovery timelines are emerging as key concerns as climate disruptions become more frequent. Investor and fund manager Arj Samarakoon, widely known as Arj Samarakoon, said climate…
A meeting to study the feasibility of introducing skydiving activities in Sri Lanka was held at the Ministry of Defence Yesterday (05 February). The meeting was chaired by the Defence Secretary, Air Vice Marshal Sampath Thuyacontha (Retd). During the meeting, representatives of Skydive Sri Lanka made a detailed presentation introducing skydiving, highlighting its potential benefits…
Fitch Ratings has assigned Aitken Spence Hotel Holdings PLC (ASHH) a National Long-Term Rating of ‘AA+(lka)’. The Outlook is Stable. ASHH’s rating reflects support from its stronger parent, Aitken Spence PLC (ASP), due to ‘High’ operational and strategic incentives, but ‘Low’ legal incentives, under Fitch’s Parent and Subsidiary Linkage (PSL) Rating Criteria. We assess ASHH’s…
Central Bank of Sri Lanka Governor Dr. P. Nandalal Weerasinghe today (06) categorically stated that the country has no need for another debt restructuring, directly addressing and dismissing the persistent “28 phobia”, speculation that Sri Lanka might face a repayment failure or require further debt relief in 2028. Speaking as keynote speaker at the Ceylon…
Asia Securities: Sri Lanka has just passed two years in which Initial Public Offerings (IPOs) have seen a meaningful resurgence. In 2024 and 2025, a steady stream of companies migrated to the Colombo Stock Exchange (CSE), as it emerged as one of Asia’s best-performing stock markets. In 2026, this momentum is set to accelerate. At…
A defining milestone in Sri Lanka’s digital payments journey was celebrated at Cinnamon Life recently, as Commercial Bank of Ceylon marked the completion of 100,000 Google Pay transactions within just six weeks of launching the service in Sri Lanka for its Visa cardholders. More than a numerical achievement, the milestone underscored the rapid adoption of…
Reuters – Amazon, opens new tab on Thursday projected a surge of more than 50% in capital expenditures this year, joining its peers in a spending spree to build out artificial-intelligence infrastructure, and sending its shares down 11.5% in after-hours trading. As the shares sputtered on news that Amazon would be pumping $200 billion into…
Trading at the Colombo Stock Exchange (CSE) remained highly active from the opening of the market today (05), with strong momentum observed during the early part of the session. The All Share Price Index (ASPI) recorded several instances of gains exceeding the 100-point level in the initial hours of trading, reflecting heightened investor participation. The…
Senior officials of Mr.Daniel Jaksan, Economic and Commercial officer at the U.S. Embassy in Sri Lanka, accompanied by Ms.Thiloma Abayanayaka, Commercial and Economic Assistant, met with the Chairman of the Export Development Board (EDB)Mr.Mangala Wijesinghe, along with the senior officials including Acting Additional Director General (Development) Mrs. Kumudinie Mudalige, Director of Export Agriculture Mr. Janak…
Video Story
