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Confidence in the economy strengthened in August with a larger share of corporate executives anticipating an improvement in the months ahead. However, the outlook remains cautious with half of those surveyed expecting economic conditions to remain unchanged amid rising costs and continued uncertainty surrounding the broader economic milieu. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence…
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JETOUR, represented in Sri Lanka by Euro Motors, has been named the Main Sponsor of The Next XV Rugby League, supporting a new platform that will bring together 140 Under-19 rugby players in a structured franchise-based competition. Organised by Sri Lanka Rugby in collaboration with the Sri Lanka Schools Rugby Football Association, The Next XV…
The tech analyst firm Gartner® has released the “Magic Quadrant for Enterprise Storage Platforms, 2026”. Huawei has earned a spot in the Leaders Quadrant, the only non–North American vendor to do so. Huawei OceanStor Data Storage continues to advance technological innovation, leveraging a high-efficiency and unified AI data platform, excellent capacity density and energy efficiency,…
Secures 18 awards – the highest number won by any organisation at the National Project Management Excellence Awards 2026 Hayleys Fentons has been named the Best Managed Project Organisation of the Year and Overall Winner at the National Project Management Excellence Awards 2026, securing 18 awards – the highest number won by any organisation at…
Distilleries Company of Sri Lanka PLC has been recognised as Sri Lanka’s Most Valuable Spirits Brand by Brand Finance, marking another significant milestone in the company’s more than a century-long journey of building trusted brands and continuously evolving with the needs of consumers. The award reflects the strength and enduring value of DCSL’s portfolio, built…
The way Sri Lankan consumers define premium living is evolving. Today, affluent consumers are increasingly looking beyond traditional measures of success and placing greater value on experiences that create lasting memories, personalized services, and greater convenience. Whether it is travelling to new destinations, enjoying exceptional hospitality, discovering unique dining experiences or accessing lifestyle benefits that…
New academic pathways aim to give Sri Lankan youth and professionals greater access to internationally relevant healthcare education while positioning Sri Lanka as a regional education hub. Sri Lankan students and working professionals are gaining wider access to internationally recognised British higher education through the academic partnership between the University of Surrey, United Kingdom, and…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, marked its 20th consecutive year of sponsorship of the Kandy Esala Perahera, reaffirming its longstanding commitment to preserving and celebrating Sri Lanka’s cultural and religious heritage. This year marks the 1716th celebration of this sacred tradition, recognised as one of the world’s leading cultural festivals. The company’s…
Building on its U.S. equities offering, Binance expands access to options on selected U.S. stocks and ETFs for eligible users Binance recently announced it will begin offering options on 1,000+ selected U.S. stocks and ETFs through Nest Trading Limited, its Abu Dhabi Global Market-regulated broker-dealer. Nest Trading Limited acts as introducing broker, routing orders to…
Groundworth (Pvt) Ltd has launched “The Highway by Groundworth”, an exclusive land development located just 1 km from the Kottawa Expressway Interchange, offering premium residential plots with convenient access to the Southern Expressway (E01) and Outer Circular Expressway (E02). Positioned inside an established and rapidly developing residential corridor, The Highway offers residents easy access to…
Siyapatha Finance PLC, the largest fully-owned finance company of the Sampath Bank Group, delivered an exceptional financial performance for the six months ended 30 June 2026, reflecting the Company’s continued strategic growth initiatives, resilient asset quality, and unwavering commitment to sustainable value creation. The Company recorded a profit after tax (PAT) of Rs. 1,007 million,…
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Recognizing the strategic importance of the Marine and Offshore sector to Sri Lanka’s export development, the National Export Development Plan (NEDP) 2026–2030 has identified Marine-Based Industries, including boat and shipbuilding, as one of the country’s priority export sectors. In line with this national priority, the Sri Lanka Export Development Board (SLEDB), in collaboration with the…
Lanka IOC PLC marked the commencement of its 25th year of operations in Sri Lanka with a market opening ceremony on the Colombo Stock Exchange (CSE) trading floor earlier this week, highlighted by the ringing of the Market Opening Bell. The event celebrated the company’s enduring contribution to Sri Lanka’s energy sector and its role…
Ruwanthi Gajadeera’s “Children of One Mother” carries the national flowers of all 56 Commonwealth nations, printed by sunlight Sri Lankan textile-led fashion designer Ruwanthi Gajadeera today presented an original cyanotype to His Majesty King Charles III at a garden party marking the 125th anniversary of the Victoria League for Commonwealth Friendship. The work, titled එක…
Standard Chartered Sri Lanka hosted “A Test of Resilience: Global Research Briefing Webinar on Global & Sri Lanka Economic Outlook for H2-2026”, bringing together corporate and financial institutions clients for an expert discussion on the prospects for the global economy, Sri Lanka and financial markets in the second half of the year. The webinar examined…
New industry insights reveal Indian couples are spending more, inviting fewer guests and prioritising experiences over extravagance, creating a significant opportunity for Sri Lanka’s luxury hospitality sector. Indian weddings are undergoing a profound transformation. While destination wedding budgets continue to rise, guest lists are shrinking, signalling a new era where memorable experiences, meaningful travel and…
EDB’s national programme brings exporters, SMEs, artisans, designers and academia together to transform Sri Lanka’s traditional craftsmanship into contemporary products for global markets For generations, Sri Lankan artisans have transformed clay, wood, fibre, metal, textile and other indigenous materials into objects that reflect the island’s culture and identity. Yet much of this creative wealth has…
Reuters – Stocks slumped in Asian trading on Wednesday as a bond market-induced selloff on global markets spilled over into the region, after renewed attacks by the U.S. on Iran pushed oil prices higher. MSCI’s broadest index of Asia-Pacific shares outside Japan tumbled 1.5% as South Korea’s KOSPI dropped more than 3%, while the Nikkei 225 was down 2.6%. S&P…
Sri Lanka has reached a major milestone in strengthening its national food control system with the launch of its first National Food Safety Policy, providing a comprehensive framework to safeguard public health, strengthen food systems, and support economic growth through a coordinated, risk-based approach to food safety. Developed under the leadership of the Ministry of…
Analysis
Confidence in the economy strengthened in August with a larger share of corporate executives anticipating an improvement in the months ahead. However, the outlook remains cautious with half of those surveyed expecting economic conditions to remain unchanged amid rising costs and continued uncertainty surrounding the broader economic milieu. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence…
Sri Lanka’s external current account recorded a deficit of US $142 million in July 2026, marking the fourth consecutive month in negative territory as the nation navigates severe headwinds from geopolitical developments in the Middle East. According to the latest data, the cumulative external current account has slid into a deficit of US $387 million…
Conrad Dias, Vice Chairman of the Fintech Forum Sri Lanka and Chairman of LOLC Finance PLC, believes the next stage of Sri Lanka’s fintech journey is about helping local fintech companies access larger regional markets, strengthen collaboration with banks and regulators, and build an ecosystem capable of sustaining long-term growth. For Sri Lanka’s fintech companies,…
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