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The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on a year-on-year (Y-o-Y) basis, increased to 2.2% in March 2026, compared to 1.6% in February 2026, according to the latest data released by the Department of Census and Statistics (DCS). The CCPI for all items for March 2026 was 195.8,…
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Assetline Insurance Brokers (Private) Limited (AIBL), a subsidiary of the David Pieris Group of Companies, recently announced a strategic partnership with Life Vision Credit & Investment (Pvt) Ltd (LVC). Under this new agreement, AIBL will serve as the exclusive insurance service provider, managing the comprehensive insurance portfolio of Life Vision Credit & Investment (Pvt) Ltd….
At MWC Barcelona 2026, Huawei debuts its latest SuperPoD product Atlas 950 SuperPoD, TaiShan 950 SuperPoD and a series of computing solutions to the global market. This embodies the company’s latest endeavor to open source and open collaboration with the aim of building a resilient computing foundation and creating a new option worldwide. Tech innovation…
John Keells CG Auto (JKCG Auto), the sole authorised distributor for BYD and its premium sub-brand DENZA in Sri Lanka, is encouraging customers to adopt smart charging practices in line with recent national guidance on electricity usage. Amid ongoing fuel-related uncertainties, demand for new energy vehicles (NEVs) has continued to grow as more Sri Lankans…
BRICS Fashion showcase to take place during Colombo Fashion Week for 1- 4 April Summit Registrations Now Open The BRICS international Fashion federation in collaboration with CFW presents the first South Asian Edition of the BRICS Fashion Summit in Colombo. Chosen for its strategic geo-political location and Colombo Fashion Week’s (CFW) standing as a founding…
The Mahindra Ideal Excellence Awards ceremony, a grand celebration to recognize dealers and other stakeholders of Ideal Motors, was held at the Wave n’ Lake Banquet Hall & Restaurant in Welisara recently. The event was graced by the presence of special guests including Nalin Welgama, Founder and Chairman Ideal Motors, Dilani Yatawaka, Group Managing Director/CEO…
Moose Clothing Company recently opened its third exclusive store at the Galle City Centre, marking yet another milestone in the brand’s retail expansion across the country. The new store brings the brands signature blend of style, quality, and accessibility to customers in the South, reinforcing its vision of making fashion more inclusive and widely available….
David Pieris Automobiles (Private) Limited (DPA), the four-wheeler sales arm of the David Pieris Group and the sole distributor for BAIC vehicles in Sri Lanka, recently celebrated a significant milestone with the release of its 1,000th BAIC X55. This achievement reinforces the company’s commitment to delivering high-quality vehicles while steadily increasing local value addition. The…
Associated Motorways (Private) Limited (AMW), a member of the Al-Futtaim Group, celebrated a key milestone with the grand opening of its new showroom in Negombo, located at No. 262, Chilaw Road, Negombo. The inauguration was attended by AMW’s senior leadership, valued customers, business partners, local officials, and other distinguished guests. The Negombo showroom strengthens AMW’s…
A Landmark Advancement for Sri Lanka Asian Paints Causeway, in collaboration with Renner Italy, hosted a prestigious event at the iconic Lotus Tower, bringing together top-tier dealers and industry leaders to experience Sri Lanka’s most luxurious and advanced water‑based wood coating solutions. The event delivered an unforgettable evening of knowledge sharing, interactive demonstrations, and premium…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the availability of the Samsung Galaxy S26 Series in Sri Lanka through its retail and digital channels, bringing Samsung’s latest flagship smartphone lineup to local consumers. The series includes the Galaxy S26, Galaxy S26+, and Galaxy S26 Ultra, combining advanced AI-powered capabilities, premium design and next-generation…
Top News
The Ceylon Chamber of Commerce, through its Tax Steering Committee, has actively engaged with stakeholders on the proposed Inland Revenue (Amendment) Bill of 2026, recognising its potential implications for businesses and the broader economy. While acknowledging the importance of updating the tax framework, the Chamber’s efforts have focused on assessing the impact of the proposed…
Sri Lanka’s exporters are adjusting to a different kind of global environment. Costs are less predictable, currencies are moving faster, and trade routes are no longer as stable as they once were. Growth remains on the table, but it is now accompanied by more questions than before. These realities came into sharper focus at the…
On 23 March 2026, the All-Party Parliamentary Group (APPG) on Sri Lanka held an informal briefing session in the UK Parliament to discuss Sri Lanka’s economic outlook and UK-Sri Lanka relations. The objective of the event was to discuss analytical reports on debt distress and economic transformation in Sri Lanka by ODI Global – a…
Representatives of the Sri Lanka–Benelux Business Council (SLBBC) of The Ceylon Chamber of Commerce recently paid a courtesy call on His Excellency Wiebe De Boer, Ambassador of the Kingdom of the Netherlands, at the Embassy of the Kingdom of the Netherlands in Sri Lanka. The meeting opened with welcoming remarks from the Embassy, followed by…
Energy prices, supply chains, and financial markets are the main transmission channels, but the regional effects will vary significantly Tobias Adrian, Jihad Azour, Nigel Chalk, Pierre-Olivier Gourinchas, Alfred Kammer, Abebe Aemro Selassie, Krishna Srinivasan, Rodrigo Valdés The world faces yet another shock. The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming…
Reuters – Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08%, to $111.56 per barrel at 0210 GMT…
Hambantota International Port Group (HIPG) has signed an agreement to invest USD 108 million in new container handling equipment, significantly expanding capacity and strengthening Sri Lanka’s position as a growing logistics hub in the Indian Ocean. The investment includes new quay cranes, rubber-tyred gantry cranes (RTGs), and trailers, enabling the port to handle the world’s…
The Colombo stock market recorded a downturn at the close of trading today (30), with both major indices ending in negative territory. The All Share Price Index (ASPI) fell by 283.49 points to close at 21,092.24, while the S&P SL20 Index declined by 91.03 points to settle at 5,908.96 by the end of the trading…
Analysis
Energy prices, supply chains, and financial markets are the main transmission channels, but the regional effects will vary significantly Tobias Adrian, Jihad Azour, Nigel Chalk, Pierre-Olivier Gourinchas, Alfred Kammer, Abebe Aemro Selassie, Krishna Srinivasan, Rodrigo Valdés The world faces yet another shock. The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming…
Business Sentiment – Geopolitics Clouds BIZ Confidence March brought a wave of challenges that spilled over from extreme tensions in the Middle East into Sri Lankan waters, raising concerns about the island’s economic outlook and hinting at potential difficulties in the months ahead. The ripple effect of escalating tensions between the US-Israel combine and Iran –…
By Prof. Samitha Hettige Finance Minister J.R. Jayawardena (JRJ) (1906 – 1996) was 45 years old when he proposed to pardon Japan at the 1951 San Francisco Peace Conference. Even he wouldn’t have imagined that Japan would reciprocate the honour with the Sri Jayawardenepura General Hospital (SJGH) with 1001 beds 27 years later. At the…
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