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As of 8 May 2026, the Sri Lankan Rupee has depreciated by 3.6% against the US Dollar so far this year, according to the Central Bank of Sri Lanka. The Central Bank’s daily exchange rate bulletin released today (11 May) showed the buying rate of the US Dollar at Rs. 318.03 and the selling rate…
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Asia Asset Finance PLC has delivered an outstanding financial performance for the year ended 31st March 2026, recording strong growth across profitability, asset base, gross income, asset quality, capital strength, and strategic expansion. The results reflect the company’s disciplined approach to quality lending, operational efficiency, prudent risk management, and its continued commitment to building long-term…
A remarkable milestone in digital transformation has been achieved with the successful implementation and Go-Live of a new Core Banking System for Fintrex Finance, led by APTS as the local implementation partner. This achievement marks the beginning of a new platform for innovative, agile, and efficient financial services. Branded as Nimble, and powered in collaboration…
Only Sri Lankan recognised on Campaign Asia-Pacific’s 50 Over Fifty 2026 list, celebrating experienced leaders actively shaping the future of marketing, media and communications. Thayalan Bartlett, Executive Chairman of MullenLowe Group Sri Lanka, has been recognised in Campaign Asia-Pacific’s inaugural 50 Over Fifty 2026 list, becoming the only Sri Lankan named among a select group…
The latest livery raises the nation’s flag higher, prouder, and further than ever before Emirates has unveiled a striking livery of a large UAE flag emblazoned across the fuselage of its iconic Airbus A380 aircraft, the world’s largest commercial passenger aircraft. The new livery on A6-EVG, is an extension of the airline’s iconic tail design,…
Industry, government and investor voices converge at Port City Sales Gallery to launch a long-term roadmap for Sri Lankan real estate Sri Lanka’s most influential voices in property, investment, policy and urban development convened at the Port City Sales Gallery on Monday, 5th May 2026, for Driving Growth Through Real Estate: 10 Year Plan –…
Sri Lanka’s only integrated people development firm celebrates two decades of leadership training, professional coaching certification and HR consultancy Seasoned HR leader Oshana Dias joins as COO As the world marks ICF International Coaching Week 2026, Smart Quest Coaching & Consulting (Pvt) Ltd is celebrating a major milestone of its own, marking 20 years of…
RTS Holdings has reached a significant milestone in Sri Lanka’s tea industry with its Hidellana and Avissawella Tea Factories being awarded the prestigious Zero Carbon Manufacturing Certification by The Sustainable Future Group, reinforcing its leadership in sustainable tea production. The certification, granted to Avissawella Tea Factory (Private) Limited, and recognizes the factory’s successful transition to…
At the awards ceremony organised by the Institute of Chartered Shipbrokers (ICS) (UK) – Sri Lanka Branch, Hapag‑Lloyd Lanka, a subsidiary of Aitken Spence PLC and the local representative of Hapag‑Lloyd AG, Hamburg, was recognised with two Customer Service Awards for excellence in the Europe and Mediterranean trades. Founded in 1911 and granted a Royal…
Repairs hospital’s Oxygen Concentrator and integrates it with piped gas system Ceylinco Life has reinforced its long-standing commitment to Sri Lanka’s public healthcare system with the donation of a comprehensive Centralised Medical Gas Pipeline System (MGPS) to the Teaching Hospital Kalutara, enabling a significant advancement in patient safety, surgical capability and hospital infrastructure. Implemented at…
The Sri Lanka Institute of Marketing (SLIM), the country’s national body for marketing, successfully convened its Annual General Meeting (AGM) 2026 on 8th April 2026 at the iconic Galle Face Hotel. The AGM marked a significant milestone in the Institute’s journey, as a new Council of Management and Executive Committee were formally appointed to steer…
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The Federation of Information Technology Industry Sri Lanka (FITIS) successfully concluded its Annual General Meeting on April 22, reaffirming its commitment to driving the nation’s technological advancement. At the landmark gathering, Dr. Dayan Rajapakse was unanimously re-elected as Chairman, embarking on his second consecutive year at the helm of the apex ICT body. The prestigious…
Sri Lanka’s Information and Communication Technology (ICT) sector marked another significant milestone in its global expansion, as five Sri Lankan technology companies successfully participated in a European market exposure programme under the Sri Lanka Export Development Board (EDB) – Import Promotion Desk Germany (IPD) project. Strategic Participation at Hannover Messe The programme commenced with participation…
NDB Bank, the fifth-largest shareholder of Seylan Bank, has fully exited its position in the bank by selling its entire 8.72% shareholding. The transaction, executed today (11 May 2026), involved the transfer of 26,631,495 shares at a price of Rs. 104.00 per share. The total value of the deal amounted to Rs. 2.76 billion. The…
Group Core Business Profit After Tax of LKR 1.8 Bn Group Total Capital Adequacy Ratio of 16.092% Group Net Fee and Commission Income up by 34% to LKR 1.9 Bn Group Total Assets up by 3% to LKR 885 Bn DFCC Bank delivered a strong financial performance for the period ended 31 March 2026, underscoring…
The Ceylon Chamber of Commerce will lead a senior corporate delegation to Mumbai for the India–Sri Lanka Business Forum on 13 May 2026, held in partnership with the Confederation of Indian Industry (CII). The delegation brings together the leadership of some of Sri Lanka’s most prominent companies, representing a broad cross-section of the economy. Participants…
By Dilani Hirimuthugodage, Research Economist, Institute of Policy Studies of Sri Lanka (IPS) Geographical Indications (GI) can unlock higher export earnings by leveraging origin‑based values in tea, spices, and other agricultural products. GIs enhance global recognition, secure premium prices, and access niche markets through branding and value addition. Targeted GI reforms are essential to build…
Nüwa at City of Dreams Sri Lanka, the luxury flagship hotel within South Asia’s first fully integrated luxury resort, marked a significant milestone with a special press conference and celebration honouring its prestigious 5-Star recognition, further reinforcing its position as one of the leading luxury hospitality destinations in the region. Held at the elegant Crystal…
Vietjet Air, Vietnamese new-age hybrid airline, has announced its first direct service connecting Colombo to Ho Chi Minh City at the Sri Lanka – Vietnam Trade, Investment and Tourism Cooperation Forum. The announcement took place in the presence of General Secretary and President of Vietnam To Lam, Prime Minister of Sri Lanka Harini Amarasuriya, and…
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By Dilani Hirimuthugodage, Research Economist, Institute of Policy Studies of Sri Lanka (IPS) Geographical Indications (GI) can unlock higher export earnings by leveraging origin‑based values in tea, spices, and other agricultural products. GIs enhance global recognition, secure premium prices, and access niche markets through branding and value addition. Targeted GI reforms are essential to build…
Economic sentiment plummets as uncertainty clouds the broader outlook Confidence in the economy took a sharp hit in April as the corporate community signalled a negative outlook – likely influenced by geopolitical tensions involving the US, Israel and Iran, and the broader instability in the Middle East. And indeed, the ripple effects are being felt…
Sri Lanka’s external current account recorded a marginal surplus in March 2026, bringing the total cumulative surplus for the first quarter of the year to USD 531 million. Despite this overall positive balance, the period was marked by significant volatility driven by the ongoing war in the Middle East, which has simultaneously driven up fuel…
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