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Reuters – Oil prices fell on Tuesday after hitting their highest level in more than three years in the prior session as U.S. President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies. Brent futures fell $6.51, or 6.6%, to $92.45 a barrel…
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Haleon Sri Lanka formerly known as GlaxoSmithKline Healthcare; the first multinational pharmaceutical manufacturing organization in Sri Lanka, which commenced manufacturing in 1956 with the flagship brands Panadol, Iodex Eno etc. has signed a Memorandum of Understanding (MOU) with the Sri Lanka Dental Association (SLDA) for the second consecutive year as the official sponsor of World…
DFCC Bank PLC, under its Garusaru proposition for senior citizens and in collaboration with the Department of Pensions, has introduced a simplified biometric process that enables eligible government pensioners to complete their annual Life Certificate verification using fingerprint authentication at 50 selected DFCC Bank branches islandwide. The service is available to government pensioners who retired…
Internationally renowned luxury Maison Montblanc has introduced its latest fragrance, Montblanc Explorer Extreme, to the Sri Lankan market through Exclusive Lines, the sole authorised agent for the brand in the country. The launch event was hosted at Virticle by Jetwing, where guests were invited to experience the newest addition to the bestselling Explorer line in…
The Ceylon Chamber of Commerce clinched top honours at Sri Lanka’s top corporate reporting competitions, securing Gold for the Not-for-Profit and Non-Governmental Sector at the TAGS Awards, and the CMA Awards, presented by the Institute of Chartered Accountants of Sri Lanka and the Institute of Chartered Management Accountants of Sri Lanka, respectively. The Chamber’s Annual…
“I began mushroom cultivation for my mental wellbeing, not expecting it to become a business,” said Indika Lasanthi, a mushroom cultivator under the John Keells Praja Shakthi livelihood programme in Ja‑Ela. “John Keells Foundation supported me with the cultivation house, training and my first batch of pods. With that, I built my business and have…
Ceylon Agro Industries, Prima Group Sri Lanka, has been honoured with the Bronze Award in the Confectionery Products – Large Sector category at the prestigious National Export Awards 2025, organised by the National Chamber of Exporters of Sri Lanka (NCE). The company’s achievement in the highly competitive Large Sector category marks a significant milestone for…
Sri Lanka’s fintech sector continues to gain momentum with the appointment of Vardan Aslibekyan, Director and Chief Executive Officer of Pay&Go, to the Board of Directors of Fintech Forum Sri Lanka, the country’s leading industry body representing the financial technology sector. The appointment was extended by Channa de Silva, Chairman of Fintech Forum Sri Lanka,…
Darley Butler, the FMCG arm of E B Creasy & Co. PLC, announced the launch of its “We Must Change” campaign alongside the island-wide introduction of refill pouches across four of its most trusted household brands: Teepol, Bio Clean, Softny, and Bubble All Out. The initiative encourages consumers to reuse existing bottles and shift to…
Ogilvy Digital wins one Gold, two Silvers and two Bronze awards for breakthrough campaign “When the Trees Lament” Phoenix Ogilvy bags Silver for “Relive the Epic of Ramayana” campaign Ogilvy Group Sri Lanka delivered an impressive performance at the SLIM Effie Awards 2025, held recently, securing a total of six metals, one Gold, three Silver…
In a defining leap for Sri Lanka’s FMCG landscape, Elephant House Ice Cream has unveiled a new generation of products under its Elephant House Wonder and IMORICH brands, powered by advanced Extrusion Technology. This landmark investment by Ceylon Cold Stores PLC (CCS) strengthens the company’s manufacturing capabilities while setting a new benchmark for texture, structure,…
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SriLankan Airlines has announced that it will resume daily flights to Riyadh and Dubai following the suspension of regular flights amidst the on-going conflict in the Middle East. Accordingly, SriLankan Airlines will resume daily flights to Riyadh tonight (09) and to Dubai from tomorrow (10). It also noted that authorities will continue to closely monitor…
The Sri Lanka Export Development Board (EDB) recently convened a landmark gathering titled the “National Export Roadmap – The CEO Forum”, bringing together top executives and chief executive officers from the country’s leading institutions to brief them on the National Export Roadmap and chart a strategic course for the future of Sri Lanka’s export sector….
𝐂𝐁𝐒𝐋 𝐆𝐨𝐯𝐞𝐫𝐧𝐨𝐫 𝐨𝐧 𝐒𝐫𝐢 𝐋𝐚𝐧𝐤𝐚’𝐬 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐑𝐞𝐬𝐢𝐥𝐢𝐞𝐧𝐜𝐞 | 𝐁𝐥𝐨𝐨𝐦𝐛𝐞𝐫𝐠 𝐈𝐧𝐭𝐞𝐫𝐯𝐢𝐞𝐰 In an interview with Bloomberg on 7 March 2026, Governor Dr. P. Nandalal Weerasinghe shared insights on Sri Lanka’s preparedness to navigate potential global economic shocks. He highlighted that Sri Lanka currently has sufficient policy buffers, including stronger foreign reserves and a flexible policy framework,…
Reuters – The escalating crisis in the Middle East has dramatically changed the outlook for global central banks, with the huge supply shock posing a difficult trade-off between underpinning growth and countering inflation. For emerging Asian central banks, cutting interest rates has become a risky bet not just because of the added price pressure from…
TTW Picks Best 50 Heritage Travel Destinations in the World for 2026 Travel and Tour World (TTW) has unveiled its new research, “50 heritage sites in the world for 2026,” highlighting the landmarks shaping the future of heritage tourism. Based on editorial research, historical significance, and the choices of 23 million readers, the list reflects the…
Sri Lanka’s economic resurgence is taking center stage as the nation prepares to host the Sri Lanka Investment Forum 2026. Backed by a foundation of stable macroeconomics and disciplined policy reform, the Board of Investment (BOI) will partner with the European Union, the Asian Development Bank, and UN ESCAP to be organized on 30th March…
The Iran conflict could raise additional challenges for some emerging market sovereigns, through such channels as energy imports, remittances, fiscal subsidies, exchange rates and access to international finance, Fitch Ratings says. Hydrocarbon exporters could see positive effects. Under our baseline, in which the effective closure of the Strait of Hormuz lasts less than a month…
BNN Bloomberg – Oil prices eclipsed US$100 per barrel for the first time in more than three and a half years Sunday as the Iran war hinders production and shipping in the Middle East. The price for a barrel of Brent crude, the international standard, was at $107.97 after trading resumed on the Chicago Mercantile…
Analysis
TTW Picks Best 50 Heritage Travel Destinations in the World for 2026 Travel and Tour World (TTW) has unveiled its new research, “50 heritage sites in the world for 2026,” highlighting the landmarks shaping the future of heritage tourism. Based on editorial research, historical significance, and the choices of 23 million readers, the list reflects the…
By Rachel Conlan, Global Chief Marketing Officer at Binance For decades, financial inclusion was measured in small wins: a bank account opened, a microloan disbursed, a woman added to the ledger. Those wins mattered. But in 2026, the question has fundamentally changed. We are no longer asking whether women can access the financial system. We…
The ongoing military conflict in the Middle East has adversely impacted on the Sri Lankan tea industry as the exporters are unable to supply tea to the region. The exporters estimate the revenue loss at about $ 10-15 million per week. The exporters have orders in hand for supply of tea and it is the…
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