Lead Story
Fitch Ratings has affirmed Sri Lanka-based power generator WindForce PLC’s National Long-Term Rating at ‘A+'(lka). The Outlook is Stable. WindForce’s rating reflects its growing scale as a prominent renewable power generator in Sri Lanka and several regional markets, its resource diversity and contractual cashflows via long-term power purchase agreements (PPAs). WindForce’s rating is constrained by…
Featured
Seylan Tikiri, the leading minor savings account in the country, celebrated World Children’s Month (WCM) for the 12th consecutive year with a series of island wide initiatives, marking the first time a bank in Sri Lanka has rolled out a nationwide celebration for WCM. The initiative featured numerous initiatives designed with the aim to introduce…
David Pieris Renewable Energy (Private) Limited (DPRE), the renewable energy arm of the the David Pieris Group, strengthened its position in Sri Lanka’s rapidly growing renewable energy sector with the launch of two advanced global brands — PROJOY Electrical Items and Hoymiles Solar Solutions at the Kedella Lifestyle Exhibition held at the BMICH. The official…
JXG (Janashakthi Group) hosted ‘Listening Led Leadership’ a programme designed to reinforce the organisation’s commitment to strengthening its empathy-led workplace. The programme was hosted recently at Radisson Hotel – Colombo, bringing together leadership and management teams across JXG for an immersive learning experience aimed at strengthening its leadership’s empathetic capabilities to better respond to their…
Union Bank Horana Branch relocated to a new and spacious premises at No. 99A1/A, Somananda Mawatha, Horana, further strengthening its presence in the Horana area whilst offering an enhanced banking experience to customers. The new premises offers an all-new private banking space for Elite Circle members, meeting/conference facilities for customers and the luxury of ample…
Sampath Bank PLC recently signed a Memorandum of Understanding (MoU) with Prime Lands (Pvt) Ltd and Prime Lands Residencies PLC at the Sampath Bank Head Office, introducing an exclusive financing solution to make property ownership more accessible for Sri Lankan homebuyers. Through this agreement, customers purchasing condominium properties developed by Prime Lands and Prime Residencies…
Salam Ramadan is a flagship cultural initiative of the Western Provincial Council, implemented in collaboration with the Colombo Municipal Council, first launched in 2025 with the objective of promoting awareness, understanding, and appreciation of Sri Lanka’s diverse cultures during the Holy Month of Ramadan. Following the overwhelming success of its inaugural edition which attracted over…
American degrees continue to be a powerful choice for Sri Lankan students because they combine global recognition with the promise of achieving the ‘American dream’. Graduates of US universities are highly regarded worldwide, opening doors to global career opportunities, postgraduate study, and long-term success. For Sri Lankan students seeking a future either in Sri Lanka…
United Motors Lanka PLC, the sole authorized distributor of the Mitsubishi in Sri Lanka, launched the all-new Mitsubishi Destinator. Designed for the ambitious Sri Lankan driver who demands space, safety, and sophistication without compromise. The Destinator exceeds expectations with its commanding presence and even more commanding value. United Motors announces that this premium, feature-loaded, three-row…
The Sadaharitha Forestry Awards 2024-2025 took center stage on the evening of January 23rd, 2026 at Ramadia Grand, Moratuwa. Hosted in grand style, this much-anticipated event of the year celebrated Sadaharitha’s top performers in sales. Underscoring the significance of the occasion, Chairman of the Sadaharitha Group, Mr. Sathis Nawarathna, together with the Board of Directors…
As transparency becomes a defining requirement among European buyers, Mabroc Teas (Pvt) Ltd – a member of the Hayleys Group and one of Sri Lanka’s leading tea exporters – has launched TeaTrace, a data-driven traceability platform designed to meet evolving global standards in ethical and sustainable sourcing. Developed in collaboration with ITechro, the platform ensures…
Top News
Reuters – Shares in HSBC rose as much as 3% to a new record high on Tuesday, briefly lifting the bank’s market value above $300 billion and putting it neck-and-neck with AstraZeneca for the top spot in London’s FTSE 100 index. By 1050 GMT, HSBC shares rose 2.8% to 12.77 pounds, bringing gains so far this year…
Reinforcing its position as Sri Lanka’s largest lender to small and medium enterprises (SMEs), the Commercial Bank of Ceylon has partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to significantly expand the Bank’s capacity to lend SMEs nationwide. Under this partnership, IFC will provide risk cover for a US$60…
The European Union is India’s largest trading partner, and the free trade deal, dubbed as the “mother of all trade deals” by the EU chief herself, is expected to expand bilateral trade and investment, particularly in sectors affected by Trump tariffs. India and the European Union (EU) have concluded negotiations for a proposed free trade…
The Sri Lanka Association for Software and Services Companies (SLASSCOM) is accelerating Sri Lanka’s startup ecosystem by giving 25 high-potential local startups unprecedented global exposure through a fully funded, six-week international residential entrepreneurship programme at IIT Madras Pravartak, India. Supported by the High Commission of India in Sri Lanka and delivered in partnership with one…
Sri Lanka is set to make a remarkable presence at Gulfood 2026, one of the world’s largest and most prestigious food and beverage exhibitions, organized by the Sri Lanka Export Development Board (SLEDB). With its participation, the island nation aims to showcase its rich food ingredients, premium-quality products, and dynamic export potential on a truly…
Over 500 exclusive Marriott Bonvoy Moments launching, including the ultimate experience with the Marriott Bonvoy Golden Ticket. Marriott Bonvoy, Marriott International’s award-winning travel platform, is bringing members closer to the game of cricket starting this February, giving them access to exclusive experiences for the upcoming ICC Men’s T20 World Cup 2026. As part of Marriott…
(Reuters) – President Donald Trump said on Monday he was increasing tariffs on South Korean imports into the U.S. related to autos, lumber and pharmaceuticals to 25%, while criticizing the ally’s legislature for failing to enact a trade deal with Washington. “South Korea’s Legislature is not living up to its Deal with the United States,”…
(Reuters) – Sri Lanka’s central bank is expected to maintain its key interest rate at 7.75% on Wednesday, a Reuters poll found, as an International Monetary Fund delegation reviews the sixth tranche of a crucial $2.9 billion package. The poll of a dozen economists unanimously forecast no change to the benchmark overnight policy rate, citing…
Analysis
The Sri Lankan land market maintained solid growth in 2025, with Colombo suburbs and Western Province districts emerging as key drivers, according to the latest Land Price Index (LPI) 2025 (updated), published by LankaPropertyWeb (LPW). The 2025 index shows that Colombo 1–15 recorded a 4% year-on-year increase in average land prices per perch, reaching LKR…
Sri Lanka’s labour force participation rate climbed to 49.9% in the third quarter of 2025 (July–September), according to the latest quarterly bulletin released by the Department of Census and Statistics under the Ministry of Finance, Planning and Economic Development. This marks a notable recovery from 46.9% in the corresponding quarter of 2024 and 49.3% in…
Nearly all communities affected by Cyclone Ditwah in Sri Lanka suffered damage to homes, roads and other critical infrastructure, according to a new United Nations Development Programme (UNDP) assessment released on Wednesday, underscoring the scale of recovery needs and the urgency of accessible financing for the most vulnerable. The qualitative assessment, based on key informant…
Video Story
