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A special discussion on preparations for Sri Lanka’s third mutual evaluation on international compliance with Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) standards was held this morning (06) at the Presidential Secretariat, chaired by President Anura Kumara Dissanayake. The discussion focused extensively on preparations for the third mutual evaluation, scheduled to be conducted…
Featured
Emirates Holidays has launched the Thailand Pass, offering exclusive benefits across shopping, dining and leisure activities for customers travelling to and throughout Thailand. Available to Emirates Holidays customers* traveling to Thailand, the pass unlocks exclusive offers of up to 40% off, with no minimum spend. Emirates Holidays customers can redeem their offers by simply presenting…
The Colombo Stock Exchange (CSE) has announced that the eighth edition of the CSE Masterminds Quiz will be held on 9th October 2026, from 3.00 p.m. onwards, at the Main Ballroom, Shangri-La Colombo. Recognised as Sri Lanka’s premier capital market quiz competition, CSE Masterminds brings together teams from the public and private sectors. Participants will…
HNB PLC has partnered with Browns and Company PLC to introduce an exclusive leasing scheme designed to make modern agricultural machinery more accessible to farmers and agribusinesses across Sri Lanka. The partnership will support customers purchasing TAFE tractors, Yanmar and Sumo combine harvesters, and Sumo automated rice milling machinery. Browns Agriculture is recognised for its…
The Expolanka Leisure Cluster secured seven awards at the National ICT Awards – NBQSA 2026, including two Gold, one Silver, two Bronze and two Merit Awards, marking a significant achievement for the cluster and recognising its continued investment in technology, innovation and digital solutions across its travel and visa businesses. Leading the recognition, Classic Travel…
Choosing a university often begins long before a campus visit. A prospective student may first compare programmes, explore study pathways and look for a sense of campus life, all through a website and often on a mobile phone. SLIIT’s website has now earned two national honours for that experience. At the BestWeb.LK 2026 Awards, SLIIT…
Sri Lanka’s delivery landscape is about to take a different direction. Ting, a homegrown innovation-first platform, built for Sri Lankan ordering habits, will officially launch on 30 October 2026 in the Colombo district, introducing a new approach to food delivery designed around how people actually order together rather than how traditional delivery apps have operated….
Inspired by a commitment to contribute to the advancement and financial wellbeing of all Sri Lankans, Arpico Insurance PLC has offered a fully funded Education Insurance Policy to Danoj Theekshana Weerasekara, the Island First student who scored 193 marks, which is the highest overall score achieved in the Sinhala medium in the country, at the…
Vietjet has been named Asia Low Cost/Hybrid Airline of the Year by the CAPA – Centre for Aviation, a leading international provider of market intelligence and analysis for the aviation and travel industries, just weeks after launching its first route connecting Sri Lanka and Vietnam. The award was presented at the CAPA Airline Leader Summit…
In a first for the Sri Lankan supermarket sector, SPAR Sri Lanka has introduced SPAR Full Cream Milk Powder, bringing New Zealand milk powder to consumers under a trusted SPAR supermarket brand at an affordable price. The new product represents another milestone in SPAR Sri Lanka’s journey to provide customers with quality, choice and value,…
Retail is entering a new phase where technology is no longer simply supporting the shopping experience; it is beginning to reshape it. At the centre of this shift is RFID, a technology changing how retailers manage products, improve visibility and create faster, more convenient experiences for customers. NOLIMIT is among the leading retailers driving this…
Top News
AI adoption can help create jobs, sustain growth Exceeding earlier projections, growth in South Asia is expected to increase to 6.9% this year, with strong domestic demand keeping the region resilient to global shocks, according to the World Bank Group’s twice-yearly regional outlook. Released today, the latest South Asia Economic Update, Adopting AI for Growth,…
Sri Lanka’s reclassification as an upper-middle-income country marks a major milestone in its economic recovery, but comes with key trade-offs in international trade preferences and concessional financing. Speaking at the World Bank’s Briefing: Sri Lanka Development Update, Senior Economist Jakob Engel addressed the implications of the upgrade in response to questions from Ada Derana Business….
A high-level bilateral discussion was held yesterday afternoon (October 05th) at the Office of the Deputy Minister in Colombo between Eng. Eranga Weeraratne, Deputy Minister of Digital Economy, and H.E. Vidmantas Verbickas, Vice-Minister of Foreign Affairs of the Republic of Lithuania, along with a senior Lithuanian delegation, to advance strategic cooperation across digital economy initiatives,…
World Investor Week Marked with Launch of Innovative Stock Market Game CSE Celebrates 40 Years of Advancing Sri Lanka’s Capital Market As part of World Investor Week (WIW) 2026, the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) joined stock exchanges around the world in ringing the market opening…
Fitch Ratings: Artificial Intelligence poses a material risk of credit rating downgrades for issuers in a narrow band of sectors under an adverse scenario, Fitch Ratings says in its report “Artificial Intelligence Stress Test”. Most issuers and transactions would not face broad rating changes. Fitch conducted an AI stress test spanning the Corporates, Financial Institutions,…
The Sri Lanka Export Development Board (EDB), operating under the Ministry of Industry and Entrepreneurship Development, conducted an SME Awareness Creation Forum at the Trincomalee District Secretariat on 1st October 2026. The forum aimed to support and develop regional small and medium enterprises (SMEs) and entrepreneurs with export potential in the Trincomalee District of Eastern…
Sri Lanka’s economy reached a significant milestone, reaching pre-crisis levels. But the recovery remains incomplete and uneven, with household incomes and labor market outcomes still lagging the broader economic rebound, says the World Bank Group in its twice-yearly economic outlook. Released today, the latest Sri Lanka Development Update, From Recovery to Transformation, projects Sri Lanka’s…
A high-level discussion was held today (October 05) at the GovTech premises between (Eng.) Eranga Weeraratne, Deputy Minister of Digital Economy, and a visiting delegation from the Government of India to address current cybersecurity challenges facing Sri Lanka’s government systems and to deepen bilateral digital cooperation. The Indian delegation comprised Dr. Sanjay Bahl, Director General…
Analysis
Sri Lanka’s investment climate remains challenging despite the country’s economic recovery, with foreign direct investment (FDI) inflows still well below levels commonly seen in emerging economies, according to the U.S. Department of State. In its 2026 Investment Climate Statement on Sri Lanka, the Department said FDI stood at US$1.06 billion in 2025, equivalent to around…
The barometer rises although a plethora of uncertainties lurk in the background From climate concerns to more high profile arrests and a busy bribery commission, Sri Lanka has seen no shortage of headline grabbing developments over the past month. And drug related arrests continue apace, although shootings show little sign of abating. The anticorruption drive…
The Asia Pacific Economic Corporation (APEC) is a regional economic forum founded in November 1989 to boost free trade, investment, and sustainable growth across the Pacific Rim (Ref. APEC). USA, Canada, Mexico, China, Japan, South Korea, Singapore, Indonesia, Malaysia, Philippines, Vietnam, Brunei, Australia, New Zealand, Russia and Thailand etc. are members of APEC. Though not…
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