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Citrus Resorts & Hotels, a leading name in Sri Lanka’s hospitality sector, has reported a significant increase in bookings and inquiries, reflecting a growing demand for premium travel experiences. With two iconic beachfront properties—Citrus Waskaduwa and Citrus Hikkaduwa—the brand continues to attract travellers seeking both relaxation and adventure. Nestled along Sri Lanka’s southwestern coast, Citrus…
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NQXT is a highly efficient and cash generating asset that will consolidate APSEZ’s presence along the East-West trade corridor, in line with its global expansion strategy The Board of Directors of Adani Ports and Special Economic Zone Ltd. (APSEZ), India’s largest integrated Transport Utility company has approved the acquisition of Abbot Point Port Holdings Pte…
Power World Gyms proudly announces its partnership with Sri Lanka Rugby as the Official Fitness Partner, marking a significant milestone in its ongoing mission to support national sports and athletic excellence. This collaboration not only reinforces Power World’s position as a leading fitness brand in Sri Lanka but also reflects its deep commitment to empowering…
Fudge celebrates five years as Sri Lanka’s first, and currently only, behavioural science communications agency, known for turning creativity into hard numbers both at home and overseas. Fudge was launched in 2020 on the belief that agencies should aim for profit, not just mere engagement, when working with clients. As a result, Fudge has ensured that…
Sampath Bank recently formalised a strategic partnership with the Chamber of Young Lankan Entrepreneurs (COYLE) by signing a Memorandum of Understanding (MOU) at its Head Office. This partnership highlights Sampath Bank’s ongoing commitment to promoting innovation, driving business growth, and empowering Sri Lanka’s entrepreneurial ecosystem. Through this collaboration, Sampath Bank will serve as the official…
Multi-faceted Sri Lankan artist Indika Wijewardana is set to embark on his latest artistic odyssey by attending World Art Dubai, held from 17th to 20th April 2025 at the Dubai World Trade Centre. As the region’s largest contemporary retail art fair, the event features over 10,000 artworks from more than 400 renowned galleries and solo artists…
The team representing Sri Lanka at the Brown Mosten International Client Consultation Competition (“BM ICCC”) held in Glasgow, Scotland emerged Winners of the Competition following the final round held on 12th April. The team, consisting of Bilaal Marikar and Januda Perera, was trained by Senuri Silva, Head of the Mediation Program at the Moot Court…
First Capital Treasuries PLC, the Primary Dealer arm and a subsidiary of First Capital Holdings PLC, has announced its intention to issue Listed, Rated, Subordinated, Unsecured, Redeemable Debentures amounting to Rs. 3 billion, with a maturity period of five years. The primary purpose of the proposed Debenture Issue is to optimize capital through the enhancement…
Assetline Finance Limited (AFL), the flagship company of the Financial Services Cluster of David Pieris Holdings, has received an upgraded entity credit rating from Lanka Rating Agency (LRA) to A with a Positive Outlook, up from its previous rating of A- with a Stable Outlook. This upgrade, along with the improved outlook, reflects AFL’s strong…
Uber, Sri Lanka’s leading ride-hailing app, today launched the Women Rider Preference feature, a move designed to enhance safety and encourage more women to drive on the platform. This tech-enabled feature gives female drivers the choice to receive trip requests only from women riders – a flexibility many have asked for, particularly when driving at…
NDB Bank continued its ongoing commitment to strengthening Sri Lanka’s export sector by hosting yet another successful Exporter’s Forum on the 4th of April 2025. Held in the heart of the Northwestern region, Kurunegala, the event brought together a distinguished audience of exporters and key stakeholders to engage in insightful discussions centred around exporter development…
Top News
Reuters – Chinese e-marketplace Temu and fast-fashion retailer Shein will raise prices next week as U.S. President Donald Trump’s sweeping tariffs and crackdown on low-value imports push up costs for the companies known for their budget offerings.In nearly identical letters to customers this week, the two companies said they will be increasing prices starting April 25 and encouraged…
Bloomberg – Billionaire Gautam Adani will transfer ownership of an Australian terminal to his listed company at an enterprise value of about US$2.5 billion as India’s largest port operator seeks to expand its global footprint. The board of Adani Ports & Special Economic Zone on Thursday (Apr 17) approved the acquisition of Abbot Point Port…
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) reached 63.9 in March 2025, recording its highest value in four years. All sub-indices posted month-on-month expansions, reflecting a notable improvement in manufacturing activities, driven by the strong seasonal demand. The sharp increases in the New Orders and Production sub-indices, particularly within the food and…
Reuters – The European Central Bank cut interest rates for the seventh time in a year on Thursday, looking to prop up an already struggling euro zone economy that will take a large hit from U.S. tariffs. The ECB has been lowering borrowing costs as post-pandemic price pressures retreat, and recent trade-related turmoil on global…
Reuters – Gold eased on Thursday as investors booked profits after bullion hit an all-time high earlier, with U.S. restrictions on chip sales to China and continued tariff uncertainty boosting bullion’s safe-haven demand. Spot gold shed 0.1% to $3,338.81 an ounce, as of 0436 GMT, after touching a record high of $3,357.40 earlier in the…
Why USA is a critical Tea market and need to request full Tariff free access for the future of our Tea industry? USA is an important tea market and rank as the second largest buyer of tea in the world in terms of value of tea imports. As per available information it has imported over…
HNB PLC, Sri Lanka’s leading private sector bank, announced a partnership with the Road Development Authority (RDA) to launch the island’s first card-based toll payment system, marking a significant step forward in enhancing commuter convenience and modernising national transport infrastructure. The pilot phase of the initiative was officially launched on April 11, 2025, at the…
Further reinforcing its leadership in sustainable finance, DFCC Bank has become the largest investor in Alliance Finance Company PLC’s (AFC) Green Bond Issue, investing LKR 500 million—half of the total LKR 1 billion issuance. Rated A- by Lanka Rating Agency Limited, the AFC Green Bond is listed on the Colombo Stock Exchange (CSE), with proceeds…
Analysis
Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) reached 63.9 in March 2025, recording its highest value in four years. All sub-indices posted month-on-month expansions, reflecting a notable improvement in manufacturing activities, driven by the strong seasonal demand. The sharp increases in the New Orders and Production sub-indices, particularly within the food and…
Why USA is a critical Tea market and need to request full Tariff free access for the future of our Tea industry? USA is an important tea market and rank as the second largest buyer of tea in the world in terms of value of tea imports. As per available information it has imported over…
By Jithendra Antonio The recent conversation at Sri Lanka’s Committee on Public Finance (‘COPF’) meeting on 11 March is a topic hotter than the coils in the ‘vapes’ that so many remain misinformed about. The reported snippets of the meeting, however, highlight the confusion among some policymakers regarding the legality and regulation of these vapour…
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