Lead Story
The Central Bank of Sri Lanka (CBSL) reported selling USD 223.3 million in the domestic foreign exchange market during May 2026. After purchasing USD 12 million during the same period, the net amount of dollars sold by the Central Bank for the month totalled USD 211.3 million. This marks the largest monthly dollar sale conducted…
Featured
Young Sri Lankan driver Yevan David will make another piece of personal history this weekend (June 4-7) when he competes at Monaco for the first time as the FIA Formula 3 Championship returns following an extended break after the opening round of the season in Melbourne. Driving for AIX Racing, David arrives in the Principality…
Technocity Private Limited has achieved another significant milestone in its growth journey, receiving the prestigious Partner Excellence Award 2025–26 for Distribution in Sri Lanka at Lenovo’s flagship Lenovo 360 Accelerate regional event held at ITC Ratnadipa, Colombo. The award was presented by Naveen Kejriwal, Director Overseas Business, ISO AP India Sales Region, Lenovo, in the…
This year marks a significant milestone in the global journey towards disability inclusion and equal rights, as the world celebrates the 20th Anniversary of the Convention on the Rights of Persons with Disabilities (CRPD)—the landmark United Nations treaty dedicated to protecting and promoting the rights, dignity and full participation of persons with disabilities. The milestone carries…
Goldsmiths, University of London, one of the UK’s most respected universities, has partnered with BCAS Campus to bring a world-class suite of British degree programmes to Sri Lanka. Ranked among the top 10 universities in London (Complete University Guide 2027), and this year celebrating its 120th year as a University, Goldsmiths is a college of…
Air France–KLM is pleased to announce the appointment of Rached Arfaoui as Regional Sales Manager for Offline Markets (Indian subcontinent & Middle East). In his new role, Rached will be responsible for over 18 offline countries across The Indian Subcontinent & The Middle East. He will play a key role in driving sales and strengthening…
In celebration of World Environment Day on 5 June, Emirates is highlighting the significant impact of its closed-loop recycling programme, first launched in June 2023. Over the past year, the airline has repurposed more than 88,000 kilograms of plastic from Economy Class inflight meal service items, transforming them into new products for use onboard. As part…
SDB bank recorded a stable financial performance for the first quarter ended 31 March 2026, reflecting the Bank’s continued focus on disciplined financial management, prudent risk oversight and sustainable growth across its core business segments. The Bank reported a Profit After Tax of Rs. 60 million for Q1 2026, representing a 7% increase compared to…
ZTE Lanka successfully hosted ZTE Day 2026 on 29th May 2026 at the Grand Ballroom of the Galle Face Hotel, bringing together distinguished guests, industry stakeholders, business partners, technology leaders, and media representatives for an inspiring event focused on the future of connectivity and digital advancement. Held under the theme “Creating an Intelligent Future,” the…
HUTCH Sri Lanka has partnered with BestWeb.LK 2026 strengthening its role as an enabler of Sri Lanka’s digital ecosystems recognizing innovation, and digital excellence. Organized by the LK Domain Registry, BestWeb.LK is Sri Lanka’s premier web design competition and has been conducted annually since 2009. The 2026 edition marks its sixteenth year, continuing its mission…
Allianz Insurance Lanka Ltd., one of Sri Lanka’s leading insurers and a member of the global Allianz SE Group, has entered the next phase of its strategic partnership with Dedigama Group (Private) Limited, reaffirming its commitment to customer convenience, accessibility, and choice. Following the signing of a Memorandum of Understanding (MoU) on 12 March 2026, dedicated personnel…
Top News
Confidence in the economy remained subdued in May as the corporate community signalled a cautious outlook – likely influenced by fuel and electricity price hikes, the rising cost of living, geopolitical tensions and mounting pressures faced by the wider community. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the first week of…
Reuters – Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion. Brent crude futures fell 24 cents, or 0.25%, to $94.79 a barrel by 0704 GMT after settling down 2.84% in the previous session. U.S….
Reinforcing its commitment to support the nation’s next phase of economic transformation, Commercial Bank of Ceylon PLC’s new branch in Port City Colombo will bring world-class banking services to Sri Lanka’s emerging international financial hub. Located at Building 04 in Area 02 of the Port City Business Centre – Commercial Hub, Commercial Bank’s Port City…
Following the recent decision by the Monetary Policy Board of the Central Bank of Sri Lanka to raise the Overnight Policy Rate by 100 basis points, a corresponding increase in market interest rates has been reported. In line with this shift, several banks have already taken steps to increase the interest rates charged on credit…
Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited, has introduced the all-new JAECOO J5 HEV, broadening its range of high-performance hybrid SUVs to meet the evolving demands of Sri Lanka’s growing new-energy vehicle market. Designed to meet the needs of modern drivers, the JAECOO J5 HEV combines intelligent hybrid performance, advanced safety features,…
Internationally benchmarked climate action Aitken Spence PLC reached a defining moment in its sustainability journey, becoming the first diversified holdings company in Sri Lanka to have its emission reduction targets validated by SBTi. For a Group whose operations span 17 industry sectors and several geographical regions, this complexity is amplified. Each sector presents unique challenges,…
Designed to store 40MWh of energy during daytime hours Discharge up to 10MW to the national grid during evening peak demand periods The deployment will introduce grid-forming battery storage technology across 13 substation sites Directly supports Sri Lanka’s target of achieving 70% renewable energy generation by 2030 Sri Lanka is set to commission battery energy…
Bringing Every Match Live to Sri Lankan Audiences SLT-MOBITEL PEOTV, Sri Lanka’s pioneering Internet Protocol Television (IPTV) service provider and leading digital entertainment platform, announced a landmark partnership with Fédération Internationale de Football Association (FIFA), securing the exclusive media broadcasting rights for the FIFA World Cup 2026™ in Sri Lanka. The strategic partnership marks one…
Analysis
Confidence in the economy remained subdued in May as the corporate community signalled a cautious outlook – likely influenced by fuel and electricity price hikes, the rising cost of living, geopolitical tensions and mounting pressures faced by the wider community. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the first week of…
Business Sentiment: Global Turmoil Tests Confidence Fuel price hikes continue to dominate public discourse as the country grapples with mounting economic and social pressures. In just five weeks, businesses and the citizenry alike endured four rounds of price increases – the latest taking effect on 3 May. What’s more, the Sri Lankan Rupee has shed some…
By Prof. Samitha Hettige The PIC-NET (Public Impact Champions Network) to optimize Sri Lanka’s public services digitalization shall be implemented with men to man identified among serving officers. Minimizing hacking & cyber crimes etc. is the primary objective as national digital economy is forecasted to grow from 3% to 12% by 2030. The PIC-NET is…
Video Story
