Lead Story
Crude oil prices were on course for a weekly decline after a three-week series of gains, as traders’ fears about Saudi Arabia’s ability to continue exporting oil appeared to have been quelled by reports about ship-to-ship transfers in the Gulf of Oman. At the time of writing, Brent crude was trading at $103.65 per barrel,…
Featured
Dongcheng has expanded its footprint in Sri Lanka with the launch of its hand tools range, broadening its product portfolio beyond power tools and targeting the country’s construction, hardware and professional trades sectors. The range was officially unveiled recently in Colombo in conjunction with the Constructor 2026 Exhibition by local distributor Deen Brothers Imports (DBL)…
Many generations ago, an estate child’s first years began in a cloth hammock strung up near the rows of tea bushes, so a mother could keep working within earshot of her infant. Later a corner in a line room was converted to establish Pulle Madu, where infants and toddlers were sheltered to ensure that plucking…
John Keells Properties has unveiled the sales gallery and model apartment for its latest residential development, Vauxhall DSTRCT, offering prospective buyers an opportunity to experience the project firsthand. Located at No. 148, Vauxhall Street, Colombo 02, the new space provides a detailed preview of the design, layout, and lifestyle proposition of one of Colombo’s most…
Union Bank partnered with Toyota Lanka (Pvt) Ltd. to offer exclusive vehicle leasing and loan solutions tailored for Toyota customers, marking a significant milestone in supporting sustainable transportation. Through this collaboration, prospective Toyota buyers can access flexible financing options via Union Bank Leasing, featuring low monthly rentals, extended repayment periods of up to 7 years,…
Power World Fitness Centres recently brought together over 200 participants from across its 21 branches for Power Run 2026, a 6 KM community run held on 12 September 2026 in Battaramulla. The inaugural run brought the Power World fitness community together for a morning of movement and active participation, taking the brand experience from within…
Visa reinforced its commitment to advancing Sri Lanka’s small and medium enterprise (SME) growth agenda by supporting Scale Up 2.0, National SME Forum 2026, organised by The Ceylon Chamber of Commerce. The forum brought together SME owners, entrepreneurs, policymakers, financial institutions, corporates, investors and development partners to explore practical pathways for strengthening the country’s SME ecosystem and enabling…
Six months ago, Salesforce co-founder Parker Harris made a bold prediction: “You may never log in to Salesforce again.” We call that vision Slackforce: a conversational, AI-powered interface to Salesforce, built directly into the flow of work in Slack. Today, Salesforce is introducing Slackforce Surfaces. Now, teams can transform data from Salesforce and beyond into…
Rivon Agriglobe and Rivon Lanka, affiliated with Celogen Lanka, Assidua Technologies and Kelun Lifesciences, officially introduced their latest range of agricultural machinery and electric mobility solutions to the Sri Lankan market at a special launch event held on the 4th at the Sannasa Hotel premises in Dambulla. The event marked an important milestone for Sri…
Aberdeen Holdings (Pvt) Ltd has achieved Carbon Neutral Certification from the National Cleaner Production Centre (NCPC), marking a defining milestone in the Group’s sustainability journey and reinforcing its ambition to build businesses that create value responsibly. For a Group that has spent more than three decades building and expanding businesses across industries and markets, the certification…
This is an important new chapter for Sri Lankan fashion as Colombo Fashion Week introduces and expands Couture, its high fashion edition. Celebrating artistry, craftsmanship and creative expression, the edition is aptly themed Living Sculpture, further expanding the possibilities of fashion and the creative industry in Sri Lanka. At this edition, White Peacock draws upon…
Top News
Renewable energy producer WindForce PLC has officially expanded its total generation capacity to approximately 268 MW following the dual commissioning of its first standalone battery energy storage system and a new floating solar power plant. In an official disclosure to the Colombo Stock Exchange (CSE) today (18), the company announced that both clean energy projects…
The World Bank Group mobilized more private capital in fiscal year 2026 than in any year in its history and issued a record volume of guarantees, delivering on a goal shareholders and clients have pressed for years: putting more private capital to work alongside its own financing and expertise in developing economies. Private capital mobilized…
SriLankan Aviation College marked the 47th anniversary of SriLankan Airlines with a special anniversary edition of its aviation talk series, The Skyline Stories, celebrating the enduring legacy of the pioneering aviators who helped shape the National Carrier and the next generation carrying that legacy forward. The sixth episode of the series paid tribute to the…
President Anura Kumara Dissanayake said recent economic indicators clearly demonstrate that the Sri Lankan economy has now entered a path towards stability, and that the government’s objective is to use this stability as a strong foundation to take the country towards a transformative era. The President also emphasised that the government’s objective was to use…
The Ministerial Consultative Committee on Energy Affairs approved the Order relating to the calling for investment proposals for the exploration and development of petroleum resources in Sri Lanka and the formalization of the relevant process. The approval was granted at a meeting of the Ministerial Consultative Committee held recently (11) at Parliament under the chairmanship…
Summer performance above expectations: Emirates carried over 8.6 million passengers between July and August; arrivals into Dubai on Emirates in the second half of August alone was up 7% on the same period in 2025 Fleet and network: 104 aircraft retrofitted to date; Premium Economy now available on 137 aircraft. 18 aircraft delivered since January,…
Business sentiment in Sri Lanka moderated during the second quarter of 2026 as heightened macroeconomic uncertainties driven by the conflict in the Middle East weighed on commercial operations. However, Sri Lankan firms expect a relative rebound in overall confidence in the third quarter as global tensions ease. According to the latest quarterly Business Outlook Survey…
Reuters – Applied Materials will invest $5 billion in India over the next decade to expand its presence in the country, the US semiconductor equipment maker said on Thursday at SEMICON India, the country’s flagship chip conference. India put its semiconductor ambitions on display at the three-day event in New Delhi that spans chip materials,…
Analysis
By: Bikram Dasgupta, EY GDS Consulting Technology Sector and AI Innovation Leader The future is being shaped by a generation growing up alongside artificial intelligence (AI), biotechnology, and quantum computing. For Sri Lanka, however, the opportunity is not to replicate the scale of the world’s largest technology hubs. It is to turn the country’s talent,…
A prolonged settlement over the MV X-Press Pearl dispute could prove costly for Sri Lanka’s shipping economy Four years after the MV X-Press Pearl caught fire and sank off Colombo, spilling plastic pellets and chemicals along Sri Lanka’s western coastline, the environmental case has largely been settled in the country’s favour. The economic one has…
By Dr Nirmal De Silva – Associate Professor in Strategy, Policy Contributor & Corporate Advisor I have lost count of how many meetings end in much the same way. The formal business is concluded, the laptops are closed, and then comes the question that often says more than the agenda ever did: where should we…
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