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On 23 March 2026, the All-Party Parliamentary Group (APPG) on Sri Lanka held an informal briefing session in the UK Parliament to discuss Sri Lanka’s economic outlook and UK-Sri Lanka relations. The objective of the event was to discuss analytical reports on debt distress and economic transformation in Sri Lanka by ODI Global – a…
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The Mahindra Ideal Excellence Awards ceremony, a grand celebration to recognize dealers and other stakeholders of Ideal Motors, was held at the Wave n’ Lake Banquet Hall & Restaurant in Welisara recently. The event was graced by the presence of special guests including Nalin Welgama, Founder and Chairman Ideal Motors, Dilani Yatawaka, Group Managing Director/CEO…
Moose Clothing Company recently opened its third exclusive store at the Galle City Centre, marking yet another milestone in the brand’s retail expansion across the country. The new store brings the brands signature blend of style, quality, and accessibility to customers in the South, reinforcing its vision of making fashion more inclusive and widely available….
David Pieris Automobiles (Private) Limited (DPA), the four-wheeler sales arm of the David Pieris Group and the sole distributor for BAIC vehicles in Sri Lanka, recently celebrated a significant milestone with the release of its 1,000th BAIC X55. This achievement reinforces the company’s commitment to delivering high-quality vehicles while steadily increasing local value addition. The…
Associated Motorways (Private) Limited (AMW), a member of the Al-Futtaim Group, celebrated a key milestone with the grand opening of its new showroom in Negombo, located at No. 262, Chilaw Road, Negombo. The inauguration was attended by AMW’s senior leadership, valued customers, business partners, local officials, and other distinguished guests. The Negombo showroom strengthens AMW’s…
A Landmark Advancement for Sri Lanka Asian Paints Causeway, in collaboration with Renner Italy, hosted a prestigious event at the iconic Lotus Tower, bringing together top-tier dealers and industry leaders to experience Sri Lanka’s most luxurious and advanced water‑based wood coating solutions. The event delivered an unforgettable evening of knowledge sharing, interactive demonstrations, and premium…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the availability of the Samsung Galaxy S26 Series in Sri Lanka through its retail and digital channels, bringing Samsung’s latest flagship smartphone lineup to local consumers. The series includes the Galaxy S26, Galaxy S26+, and Galaxy S26 Ultra, combining advanced AI-powered capabilities, premium design and next-generation…
National Development Bank PLC (NDB) has been named Sri Lanka’s Best Trade Finance Bank at the Euromoney Awards for Excellence 2026, securing the #1 overall domestic ranking among local banks. This prestigious recognition determined through votes from corporate clients underscores the confidence placed in NDB by businesses across the country and reaffirms the Bank’s commitment…
In commemoration of International Women’s Day 2026, the Women in Leadership Employee Resource Group of Allianz Insurance Lanka Limited organized an insightful panel discussion themed “Give to Gain.” The session featured Mr. Prashant Grover, Chief Executive Officer and Country Manager of Allianz Lanka, and Ms. Shehani Seneviratne, Chief Operating Officer of 99X, as distinguished speakers. The interactive…
Coca-Cola Beverages Sri Lanka (CCBSL), in partnership with Coca-Cola India and the International Cricket Council (ICC), brought the recycled PET national flag initiative to the ICC Men’s T20 World Cup 2026, spanning both co-host nations. The national flags of all 20 participating nations, proudly displayed during the national anthem ceremony at match venues, were crafted…
Seylan Bank PLC has entered a strategic partnership with GS EVO Motors Limited, a company engaged in importing electric vehicles (EVs) to Sri Lanka, to introduce a dedicated leasing facility for customers purchasing EVs. The collaboration enables customers to access specialised leasing solutions designed to support the growing demand for sustainable mobility in the country….
Top News
Representatives of the Sri Lanka–Benelux Business Council (SLBBC) of The Ceylon Chamber of Commerce recently paid a courtesy call on His Excellency Wiebe De Boer, Ambassador of the Kingdom of the Netherlands, at the Embassy of the Kingdom of the Netherlands in Sri Lanka. The meeting opened with welcoming remarks from the Embassy, followed by…
Energy prices, supply chains, and financial markets are the main transmission channels, but the regional effects will vary significantly Tobias Adrian, Jihad Azour, Nigel Chalk, Pierre-Olivier Gourinchas, Alfred Kammer, Abebe Aemro Selassie, Krishna Srinivasan, Rodrigo Valdés The world faces yet another shock. The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming…
Reuters – Oil prices reversed course in Asian trading on Tuesday, paring earlier gains, following a report that U.S. President Donald Trump told aides he is willing to end the Iran war without reopening the Strait of Hormuz. Brent crude futures for May were down $1.22, or 1.08%, to $111.56 per barrel at 0210 GMT…
Hambantota International Port Group (HIPG) has signed an agreement to invest USD 108 million in new container handling equipment, significantly expanding capacity and strengthening Sri Lanka’s position as a growing logistics hub in the Indian Ocean. The investment includes new quay cranes, rubber-tyred gantry cranes (RTGs), and trailers, enabling the port to handle the world’s…
The Colombo stock market recorded a downturn at the close of trading today (30), with both major indices ending in negative territory. The All Share Price Index (ASPI) fell by 283.49 points to close at 21,092.24, while the S&P SL20 Index declined by 91.03 points to settle at 5,908.96 by the end of the trading…
Business Sentiment – Geopolitics Clouds BIZ Confidence March brought a wave of challenges that spilled over from extreme tensions in the Middle East into Sri Lankan waters, raising concerns about the island’s economic outlook and hinting at potential difficulties in the months ahead. The ripple effect of escalating tensions between the US-Israel combine and Iran –…
Exclusive Business Conclave for Investment Promotion on Graphene Technology held at Kingsbury Colombo last weekend aimed at promoting investment in graphene technology, attracting a robust presence of both local and international investors. This high-level platform was orchestrated by Eng. Keerthi Wickramarathna, Chairman of Ragedara Graphite Mines, a pioneer in the mining, research, and production of…
Reuters – Oil prices extended gains on Monday, with Brent headed for a record monthly rise, after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israel war with Iran in the Middle East. Brent crude futures jumped $2.43, or 2.16%, to $115 a barrel by 0342 GMT after settling 4.2%…
Analysis
Energy prices, supply chains, and financial markets are the main transmission channels, but the regional effects will vary significantly Tobias Adrian, Jihad Azour, Nigel Chalk, Pierre-Olivier Gourinchas, Alfred Kammer, Abebe Aemro Selassie, Krishna Srinivasan, Rodrigo Valdés The world faces yet another shock. The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming…
Business Sentiment – Geopolitics Clouds BIZ Confidence March brought a wave of challenges that spilled over from extreme tensions in the Middle East into Sri Lankan waters, raising concerns about the island’s economic outlook and hinting at potential difficulties in the months ahead. The ripple effect of escalating tensions between the US-Israel combine and Iran –…
By Prof. Samitha Hettige Finance Minister J.R. Jayawardena (JRJ) (1906 – 1996) was 45 years old when he proposed to pardon Japan at the 1951 San Francisco Peace Conference. Even he wouldn’t have imagined that Japan would reciprocate the honour with the Sri Jayawardenepura General Hospital (SJGH) with 1001 beds 27 years later. At the…
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