Lead Story
Reuters – SpaceX (SPCX.O) jumped 23% in its Nasdaq debut on Friday, as investors piled in to the world’s largest IPO and bet on Elon Musk‘s sprawling empire spanning rockets, internet service and AI. The stock was last trading at $166 a share after opening for trading at $150, making SpaceX the sixth-largest U.S. company, with a market value…
Featured
Leadership in OEM segment and commitment to global standards recognised at national forum CEAT Kelani Holdings has been adjudged the Best Tyre Manufacturer in the ‘Component Manufacturer’ Category at the country’s inaugural Automobile Industry Awards presented by the Automobile Industry Council (AIC) of Sri Lanka, in a significant endorsement of the company’s leadership in the…
Food Studio has strengthened its presence at Colombo City Centre (CCC) with a refreshed line-up of five culinary concepts at CCC’s Dining Gallery, marking an important new chapter in the company’s growth journey and the continued evolution of Colombo’s dining landscape. The offering brings together Primo, which has already been part of the location, alongside…
NH Collection Colombo, one of the city’s leading five-star hotels, offers an array of dining experiences that bring together diverse cuisines, distinctive venues, and memorable moments in the heart of the capital. Guiding these experiences is Executive Chef Priyantha Vithanage, whose extensive industry experience and passion for innovation continue to shape the hotel’s gastronomic offerings….
Celebrates 10 year milestone HighVoltagePR, a premier boutique public relations and reputation management agency in Sri Lanka, proudly announces its 10th anniversary, marking a decade of excellence in strategic communications, responsible media engagement, and impactful storytelling. Established in 2016 by veteran journalist and corporate communications specialist Supun Dias, HighVoltagePR was built on a foundation of…
Classic Travel has partnered with Cinnamon Hotels & Resorts as the Official Travel Partner for the exclusive culinary showcase featuring internationally acclaimed chef, author, and television personality Theo Michaels. Hosted at Cinnamon Grand Colombo, until the 14th of June 2026, the event brings vibrant flavours and traditions of Greek cuisine to Sri Lanka through a specially curated dining…
Binance, the world’s leading blockchain ecosystem and digital asset infrastructure provider, has been named to the CeFi category of the inaugural Fortune Crypto 100. Built on close to nine years of sustained growth, Binance has become the platform of choice for more than 320 million users globally – from first-time investors to institutional players – and…
LYNEAR Wealth Management and Saskia Fernando Gallery have entered into a strategic partnership aimed at supporting the continued growth and international recognition of Sri Lanka’s contemporary art ecosystem. The partnership brings together LYNEAR Wealth’s expertise in wealth management and long-term capital stewardship with Saskia Fernando Gallery’s leading role in championing Sri Lankan contemporary art and…
Academy makes history as one of the first Sri Lankan team selected for one of the most prestigious youth football tournaments in the world Colombo Athletic Football academy has made history by becoming the first Sri Lankan football academy to receive an invitation to the Iber Cup, held annually in Portugal and widely regarded as…
SLT‑MOBITEL mCash, Sri Lanka’s pioneering mobile money service, announced the integration of GovPay, Government Digital Payment Platform designed to streamline and modernize public service delivery. The integration of GovPay into mCash is a national initiative combining GovPay’s ability to process real-time payments to government institutions from traffic fine to local government taxes for over 4,000…
Citizens Development Business Finance PLC (CDB) reported another year of strong financial and operational performance for the financial year ended 31 March 2026, surpassing the landmark Rs. 200 billion asset milestone while recording Profit After Tax of Rs. 4.5 billion, reinforcing its position among Sri Lanka’s leading non-bank financial institutions. The Company’s total assets expanded…
Top News
The Asian Development Bank (ADB) is acting quickly and decisively with $4 billion in financing to help countries withstand the impact of the Middle East conflict, including about $3 billion requested by governments and $1 billion provided as trade finance for energy and food imports. “ADB is acting with speed and scale to support countries…
Exclusive invitation-only engagement at the Ritz-Carlton DIFC brought together approximately 200 senior UAE business and diplomatic leaders to explore Sri Lanka’s role as a platform for regional growth The Embassy of Sri Lanka in the United Arab Emirates and the Consulate General of Sri Lanka in Dubai and the Northern Emirates, in collaboration with Colombo…
As climate disclosure requirements, investor expectations, and sustainability-related regulations continue to evolve globally, organisations are increasingly recognising sustainability as a strategic business imperative rather than a compliance exercise. This was a key theme emerging from Deloitte Sri Lanka’s exclusive client session, “From Compliance to Capital: Turning Climate Disclosure into Strategic Advantage”, held on 27 May…
Reuters – Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured Musk has…
Sri Lankan Marine & Offshore Services Companies Successfully Complete Participation at Posidonia 2026 in Greece The Sri Lanka Export Development Board (EDB) successfully organized Sri Lanka’s participation at Posidonia 2026, held from 1st to 5th June 2026 in Athens, Greece, marking a significant milestone in promoting Sri Lanka’s Marine & Offshore Services (M&OS) sector on…
Reuters – Oil prices fell over $1 on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week. Brent futures fell $1.83 or 2% to $88.55 a barrel at 0410 GMT, while U.S. West Texas Intermediate (WTI)…
World Bank Group Ready to Provide up to $100 Billion for Affected Countries over 15 Months The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs, according to the World Bank Group’s latest Global…
Oilprice.com – Oil prices could hit $150 per barrel if hostilities between the United States and Iran escalate further from the current, most testing period in the ceasefire, according to intelligence firm Rystad Energy. Renewed hostilities would further deepen the supply shut-ins in the Middle East as the war risk and the near-closed Strait of…
Analysis
By Professor Devaka Weerakoon, Department of Zoology and Environment Science, University of Colombo Sri Lanka’s decision to phase out oil palm cultivation has been shaped by perception rather than policy. At the center of the debate lies a powerful claim: that oil palm poses a significant threat to biodiversity and the environment. Scientific evidence however,…
The India–Sri Lanka Binational Bridge and Tunnel – Why Sri Lanka Should Embrace the Opportunity of the Century By Jithendra Antonio For decades, Sri Lanka has debated ports, airports, expressways, free trade agreements, and foreign investments as pathways to economic transformation. Yet one proposal has consistently resurfaced across governments, administrations, and geopolitical cycles as perhaps…
By Thareendra D. Kalpage The completion of the International Monetary Fund’s combined Fifth and Sixth Reviews under Sri Lanka’s Extended Fund Facility is an important milestone. The IMF Executive Board’s approval on 28 May 2026 released SDR 508 million, approximately US$695 million, bringing total disbursements under the 48-month programme to SDR 1.778 billion, or about…
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