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Deputy Head of Mission of the Italian Embassy Dr Alberto Arcidiacono speaking at the forum on Winning & Retaining Italian Tourists organised by the Sri Lanka-Italy Business Council Deputy Head of Mission of the Italian Embassy Dr Alberto Arcidiacono delivered the Keynote Address at the forum organised jointly by the Sri Lanka-Italy Business Council, the…
Featured
Home to approximately 8% of the country’s indigenous flora and fauna as well as many endangered species, Sri Pada is the third largest peak wilderness sanctuary among 50 sanctuaries in Sri Lanka. The varying high and low altitudes accommodate distinct plant and animal species such as across three primary ecological zones: Lowland Rainforest, Sub-montane Rainforest…
Bristo Products, a trusted name in Sri Lanka’s cookware industry, has been honoured with the Best National Industry Brand award (Small Scale) in the Other Industry Sector at the National Industry Brand Excellence Awards 2024. Organised by the Industrial Development Board under the Ministry of Industries, the award ceremony took place at Eagle’s Lakeside in…
Cecrafto Pvt. Ltd., a Sri Lankan food and beverage company known for its handcrafted kombucha drinks, was honoured with the Best National Industry Brand (Small Scale) in the Tea, Value-Added Tea, and Related Industry Sector at the National Industry Brand Excellence Awards 2024. The event, organised by the Industrial Development Board under the Ministry of…
Metropolitan Technologies (Pvt) Ltd., the sole authorized distributor for Canon in Sri Lanka, proudly celebrates Canon Inc.’s remarkable achievement in the world of Imaging. Canon’s interchangeable-lens digital cameras, both DSLR and mirrorless, have maintained the No. 1 global market share for an unprecedented 22 consecutive years, from 2003 to 2024. This milestone reaffirms Canon’s legacy…
SunRasa International Private Limited, a well-known snacks and confectionery manufacturer in the country, was recently honoured with the Jury Merit Award in the Special Awards Category (Small Scale) at the National Industry Brand Excellence Awards 2024. Organised by the Industrial Development Board under the Ministry of Industries, the award ceremony took place in Colombo, where…
DFCC Bank PLC successfully conducted its 69th Annual General Meeting (AGM) at the Bank’s Head Office Auditorium. The event brought together Shareholders, the Board of Directors, senior management, and key stakeholders to review the Bank’s financial and strategic progress over the past year. During the AGM, DFCC Bank presented its strong financial performance, strategic achievements,…
Emirates boarding pass unlocks offers at Aquaventure, The View at The Palm, La Perle and many other huge attractions Emirates has revealed that for the first time ever, My Emirates Pass will be available all year round, giving passengers access to over 600 exclusive offers across Dubai. In addition to the year-round benefits, Emirates will…
The CFA Society Sri Lanka has announced that its signature event, the annual CFA Society Sri Lanka Capital Market Awards, now in its 12th year, is scheduled to be held on Tuesday, 24 June 2025, at ‘Cinnamon Life at City of Dreams’. With a firm purpose of recognizing and rewarding excellence in the local capital…
McLarens group recently hosted the 3M-McLarens Occupational Health and Safety Symposium 2025, marking a historic milestone in Sri Lanka’s commitment to workplace safety. The private sector-led initiative brought together over 300 participants from more than 100 companies across diverse industries, under scoring the need for advanced standards of safety at the workplace. The symposium served…
NDB Bank is proud to continue its partnership with Trinity College Rugby for the fourth consecutive year, this time as the Official Banking Partner for the 2025 Schools Rugby Season. Announced at a press conference held recently, this collaboration underscores NDB’s continued commitment to Sri Lanka’s sporting excellence and the development of young athletes. Speaking…
Top News
NKAR, a well-established name in the tourism industry for over 45 Years, continues to set itself apart with its innovative approach and vision. This time, NKAR has successfully brought one of Australia’s largest tour operators, Holiday Max, based in Perth, to Sri Lanka for the very first time. Holiday Max, a rapidly expanding brand in…
Now supplies 11 automobile brands assembling vehicles in Sri Lanka, contributing to local value addition Six years after it entered into its first Original Equipment Manufacturer (OEM) partnership in Sri Lanka, CEAT Kelani Holdings has grown into a significant contributor of value addition to the country’s burgeoning automobile assembly industry. Locally-manufactured CEAT tyres are now…
Sri Lanka’s official foreign reserves rose sharply in March 2025, reaching US$6.51 billion, according to the latest data released by the Central Bank of Sri Lanka (CBSL). This marks a 7.1% increase from the US$6.08 billion reported at the end of February. The growth in reserves signals a strengthening of the country’s external position, with…
UN Global Compact Network Sri Lanka is proud to introduce a transformative Patron structure for its Working Groups, set to take effect in 2025. This initiative strengthens the Network’s commitment to advancing corporate sustainability by amplifying the leadership of select companies within their respective issue areas. The Memoranda of Understanding (MoUs) were signed on 20th…
And Why Blue Orbit by Citrus Is Quickly Becoming a Must-Visit Icon Once considered a hidden gem in the Indian Ocean, Sri Lanka is now stepping confidently into the spotlight as a premium travel destination. With its unique blend of heritage, biodiversity, and warm hospitality, the island nation is attracting discerning travellers from around the…
The latest import tariff measures introduced by U.S. President Donald Trump on April 2 have triggered a global economic crisis, sending shockwaves through financial markets around the world. Several international stock markets have experienced sharp declines, with Asian markets among the hardest hit. Sri Lanka’s Colombo Stock Exchange (CSE), the country’s only stock market, has…
The International Monetary Fund (IMF) has appointed Evan Papageorgiou as the new Mission Chief for Sri Lanka, succeeding Peter Breuer, who concluded his tenure after playing a key role in Sri Lanka’s economic recovery efforts. Breuer served as the IMF Mission Chief during a crucial phase when Sri Lanka faced its worst economic crisis in…
The Embassy and Permanent Mission of Sri Lanka in Thailand, in collaboration with the Thai-Sri Lanka Chamber of Commerce organized the “Invest Sri Lanka” business forum on 03 April 2025 at the Grande Centre Point Surawong Hotel in Bangkok. The event that was held in the presence of Prime Minister of Sri Lanka, Dr. Harini Amarasuriya brought…
Analysis
Business Sentiment: Post-Budget Dip in Confide The IMF recently approved the highly anticipated disbursement of US$ 334 million – the fourth tranche under its Extended Fund Facility (EFF). Following the review, its Managing Director Kristalina Georgieva emphasised the importance of maintaining the reform agenda to decisively guide Sri Lanka towards sustainable and inclusive growth. In…
Total exports, including both merchandise and services, reached at US$ 1,382.53 Mn in February 2025, marking a notable 4.62% year-on- year growth compared to February 2024. Additionally, exports recorded a 2.58% month-on-month increase compared to January 2025. According to provisional data from Sri Lanka Customs and estimated figures for Gems & Jewellery and Petroleum Products,…
The Effects of GSP+ Withdrawal on Sri Lanka’s Exports and Labour Force Growing uncertainties on the future of global trade as President Trump seeks to impose reciprocal tariffs make programmes such as the European Union’s Generalised Scheme of Preferences Plus (GSP+) more significant for small exporters such as Sri Lanka. With a reported visit by…
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