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Reuters – Oil prices slipped on Friday but were still up more than 7% for the week and U.S. diesel prices hit a record high as attacks along key Middle East shipping routes stoked prolonged supply disruption fears. Brent crude futures were down $3.75, or 3.48%, to $103.88 a barrel at 1012 GMT. U.S. West…
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Udeshi Tracks & Equipment (Pvt) Ltd, the authorised dealer for Shantui Construction Machinery in Sri Lanka and the Maldives, has expanded its heavy equipment portfolio with the introduction of the Shantui L55-B5 wheel loader to the Sri Lankan construction sector. The new machine was formally handed over to the customer by Prasanna Katuwandeniya, General Manager…
Groundworth (Pvt) Ltd has launched “Antara by Groundworth”, an exclusive land development in the heart of Thalawathugoda, one of Colombo’s most established and sought-after residential suburbs. Located within the belt of Sri Jayawardenepura Kotte and minutes from the Battaramulla administrative hub, Antara offers 12 premium residential plots in a mature, peaceful and well-connected neighbourhood. Positioned…
Prime Lands Residencies PLC, the real leader in the modern real estate and the condominium development arm of Prime Group, has announced the completion of the superstructures of all three towers at The Colombo Border, marking a key construction milestone. The breakthrough follows the prior topping out of Tower Cosmos and confirms that the entire…
The All-New Mercedes-Benz GLB 2026 was unveiled by DIMO at the inaugural Sri Lanka Tennis Premier League (SLTPL) 2026, which concluded recently. As Mercedes-Benz celebrates 140 Years of Innovation, the introduction of the All-New Mercedes-Benz GLB 2026 reflects the brand’s continued commitment to innovation, intelligent mobility and the evolving needs of its customers around the…
Salesforce and Anthropic announced Claudeforce, an expanded strategic partnership bringing Claude’s intelligence and reasoning together with Salesforce’s trusted enterprise harness, making data, workflows, business logic, actions, and governance securely accessible to power agentic experiences wherever work happens. The partnership launches with Salesforce in Claude, a Plugin with 37 prebuilt sales skills enabling sellers and agents…
HNB PLC has partnered with Automobile Technologies (Pvt) Ltd, the official distributor of GAC vehicles in Sri Lanka, to launch a special Leasing Scheme. The scheme is designed to make GAC’s acclaimed range of vehicles, including its electric models, more accessible to Sri Lankan customers. It was formalised on 01st June 2026, bringing together the…
SDB bank has been recognised as the Banking Sector Runner-Up at the National Business Excellence Awards, reaffirming its position as a purpose-driven financial institution committed to sustainable growth, responsible banking and meaningful social impact. Organised by the National Chamber of Commerce of Sri Lanka, the National Business Excellence Awards is one of the country’s most…
The Sri Lankan Corporate Health & Productivity Awards (SLCHPA) 2026 was officially launched today, introducing an enhanced edition of the prestigious platform that recognises organisations committed to strengthening employee wellbeing, workplace health and productivity across Sri Lanka. The launch marks the beginning of a new chapter for an initiative that continues to encourage businesses to…
Dearo Venture Capital Ltd, Sri Lanka’s largest venture capital institution, officially announced the appointment of its new Board of Directors at a special media conference held on 10th September 2026 at the company’s Head Office located on the 9th Floor, Ceylinco House, No. 69, Janadhipathi Mawatha, Colombo 01. The event brought together members of the…
Senaro Motor Company has made history in Sri Lanka’s two-wheeler sector by launching the nation’s first-ever Premier Center dedicated to the motorcycle industry, located at Jubilee Post Junction, Nugegoda while also unveiling its latest motorcycle model, the Senaro RR250. Senaro, a 100% Sri Lankan-owned motorcycle company with a 23-year history, has expanded its retail footprint…
Top News
Reuters – Microsoft plans to build out its data-center capacity to about 38 gigawatts by 2032, more than triple its current footprint, Bloomberg News reported on Thursday, citing people familiar with the matter. Here are some details: According to the report only about 2 gigawatts of the company’s current 12-gigawatt capacity is centered on AI-specific chips,…
The Sri Lanka–Indonesia Business Council of The Ceylon Chamber of Commerce held its 3rd Annual General Meeting recently, bringing together Council members and key stakeholders to review the Council’s activities and priorities for the year ahead. The AGM was graced by Her Excellency Dewi Gustina Tobing, Ambassador of Indonesia to Sri Lanka and Patron of…
Sampath Bank PLC announced the appointment of Mr. Dilip de S Wijeyeratne as Deputy Chairman, effective 10th September 2026, further strengthening the Bank’s leadership as it advances its strategic priorities and continues to evolve as a purpose-led, technology-enabled financial institution. Mr. Wijeyeratne brings extensive experience across banking, finance, risk management and compliance, investment banking and…
The Ceylon Motor Traders’ Association (CMTA), established in 1919 is the most senior automotive association in Sri Lanka affiliated with the Ceylon Chamber of Commerce, is calling for greater consistency, transparency and fairness in the policies governing the country’s automotive sector, stressing that a sustainable vehicle import framework must ensure a level playing field across…
Reuters – Global bond yields spiked to new highs and sharemarkets slumped on Friday as soaring oil prices inflamed inflation risks, sending investors scrambling to price in more policy tightening from central banks across the globe. Brent crude climbed to a four-month high of $109.97 a barrel on Friday after a 6% overnight jump, capping…
Speaking at the opening of the inaugural Reserve Management Conference 2026 in Colombo, Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe warned that geopolitical fragmentation, sanctions, and trade tensions have fundamentally changed the environment for central banks, requiring reserve managers to prioritize liquidity and buffer adequacy over investment returns. Reflecting on Sri Lanka’s…
Sri Lanka Export Development Board (SLEDB) in collaboration with University of Kelaniya organized a seminar and a mini innovation exhibition for the Sri Lankan Electronic and Electrical sector exporters and manufacturers on 03rd September 2026 at the University of Kelaniya. This was organized with the assistance of Centre for Technology Transfer and Industry Linkage (CTTIL),…
Discussions focus on Colombo’s future, regional port development, shipping connectivity and the resilience of global supply chains. A delegation led by Chairperson Laura DiBella and Commissioner Robert J. Harvey of the United States Federal Maritime Commission (FMC) visited the Port of Colombo this morning for discussions with the Chairman and senior management of the Sri…
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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