Lead Story
The United Kingdom’s revised Developing Countries Trading Scheme (DCTS), effective from January 2026, presents a clear opportunity for Sri Lanka’s apparel sector. It is particularly significant for small and medium-sized exporters, offering them a stronger footing in a key market. The real strength of the revised scheme lies in its practicality. By easing rules of…
Featured
Solo Sri Lankan, a leading travel experience provider, has been recognized among the top 10% of listings worldwide in the Tripadvisor Travellers’ Choice Awards 2025, a distinction based entirely on authentic reviews and ratings shared by travellers on Tripadvisor. This recognition highlights Solo Sri Lankan’s commitment to delivering meaningful and memorable travel experiences across Sri…
Sri Lanka Insurance Life (SLIC Life) was recognised at the prestigious ‘Great Managers Awards 2025’, held on 26th March 2026 at Cinnamon Grand, Colombo, marking a significant milestone as the first State-Owned Enterprise (SOE) to receive this recognition. Organised by CLA Coaching in collaboration with the Colombo Leadership Academy, the awards recognise organisations and individuals…
Swinburne University of Technology Australia recently reinforced its commitment to nurturing globally competitive talent by bringing a distinguished panel of academics from Australia to Sri Lanka, offering students valuable insights into emerging global opportunities and future career pathways. The visit brought together four leading academics representing key disciplines shaping the future of work such as…
Colombo’s real estate market witnessed a remarkable milestone as John Keells Properties (JKP) announced that its latest residential development, Vauxhall DSTRCT, achieved over 200 apartment sales within just two weeks of launch, setting a new benchmark for demand in the metropolitan residential segment. Strategically located in the heart of Colombo along Vauxhall Street, Vauxhall DSTRCT…
In a landmark step toward redefining the role of business in national development, the Sri Lanka Brand Forum (SLBF) has been officially launched as a transformative platform dedicated to nurturing a new generation of purpose-driven, resilient, and globally competitive businesses. The announcement was made at a press conference attended by leading business figures, industry experts,…
On a recent March morning in Colombo, Kandy, and Galle, groups of cyclists moved through the streets, not as a race or spectacle, but as a statement. It was DFCC Bank’s “Ride for Life” – this time centred on “Ride for Her” – and it was about more than cycling. Over the years, “Ride for…
Sri Lanka’s homegrown financial institution Siyapatha Finance PLC displayed robust financial performance for the year ended 31st December 2025, reflecting the Company’s continued strategic growth initiatives, solid asset quality, and resilience amidst volatile economic conditions. The Company posted a profit before tax (PBT) of Rs. 2,660 million, an increase of 26% compared to the previous…
Sterling Steels (Pvt) Ltd, a premier manufacturer of high-quality globally renowned steel roofing & cladding, announced it has been honored with a prestigious Merit Award at the Sri Lanka Institute of Architects (SLIA) Annual Product Awards 2026. The national recognition was awarded in the highly competitive Zinc-Aluminium Coated Profile Steel Sheet category, underscoring the company’s…
Sysco LABS Toastmasters Club recorded a significant milestone at the Divisional Toastmasters Contest held recently, where Afreen Rumie, Senior Project Lead at Sysco LABS and President of the club, secured 2nd Place in the Table Topics Speech Contest. Competing against leading speakers from four areas within District 82, Afreen advanced through competitive club and area-level…
Secures Overall Gold in a total of six prestigious awards, reaffirming leadership in digital transformation The Commercial Bank of Ceylon has reinforced its leadership in digital payments and financial technology innovation with a haul of six awards, comprising four Golds, a Silver and a Merit, at the prestigious LankaPay Technnovation Awards 2026. The Bank’s standout…
Top News
The Fintech Association of Sri Lanka (FASL) has announced a strategic cross-border fintech collaboration with the Singapore-based APIX Platform, following the successful conclusion of the FinTech World Cup – Sri Lanka Regional Competition held on 31st March 2026 at Port City Colombo. The event convened fintech start-ups, financial institutions, investors, and policymakers, reinforcing Colombo’s growing…
LankaPay, Sri Lanka’s National Payment Network, announced its partnership with Weixin Pay (popularly known as WeChat Pay) to enable cross border QR payment acceptance at LANKAQR merchants at a launch held on 24th March 2026 at NH Collection, Colombo. Through this collaboration, Weixin Pay customers travelling to Sri Lanka will be able to seamlessly scan…
National Development Bank PLC (NDB Bank) confirms that it has identified a fraudulent activity involving internal personnel acting in collusion with external parties. The matter has been promptly reported to law enforcement authorities, and both internal and external investigations are currently underway. At this stage, the Bank is working closely with authorities to pursue recovery…
Reuters – Oil prices surged on Thursday and equities markets around the world were mixed in volatile trade as traders weighed conflicting developments and remarks related to the Iran war. European shares trimmed losses, as some major Wall Street indexes and U.S. bond prices clawed back gains on news that Iran was drafting a protocol…
The World Bank Group and the Government of Sri Lanka today launched a new five-year Country Partnership Framework (CPF) to support Sri Lanka’s continued recovery, help achieve its 7% medium-term economic growth target, and support job creation. “We are committed to building on the continued macroeconomic stability, strengthened governance and revenue-based fiscal consolidation that we have already…
A visiting delegation from the International Monetary Fund (IMF) met with President Anura Kumara Dissanayake at the Presidential Secretariat today (02) to discuss Sri Lanka’s ongoing economic reform programme and progress under the IMF-supported Extended Fund Facility. During the discussions, attention was drawn to the current status of Sri Lanka in relation to the fifth…
Support from the EU-Funded JURE Project Introduces Transparency to the Appointment of Key Justice Sector Roles The Ministry of Justice and National Integration today officially launched its new Management Information System (MIS) and revamped website, marking a significant milestone in ongoing efforts to modernize Sri Lanka’s justice sector and strengthen institutional efficiency, transparency, and accountability….
The Sri Lanka Export Development Board (EDB) recently convened a high-level meeting between the Ceylon Petroleum Corporation (CPC) and a broad cross-section of Sri Lanka’s export industry to discuss the current fuel distribution mechanism and its impact on the export sector. Held at the CPC Head Office, the meeting was convened at the initiative of…
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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