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President Focuses on Streamlining, Integrating and Developing the Manufacturing Sector for Greater Efficiency A meeting between President Anura Kumara Disanayake and officials of the Ministry of Industry and Entrepreneurship Development was held Friday (14) at the Presidential Secretariat. Discussions focused on enhancing the efficiency, integration and development of the manufacturing sector to strengthen the national…
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Fitch Ratings has affirmed Standard Chartered Bank, Sri Lanka’s (SCBSL) National Long-Term Rating at ‘AAA(lka)’. The Outlook is Stable. Key Rating Drivers Robust Parental Support: SCBSL’s National Long-Term Rating is supported by Fitch’s expectation of a high likelihood of support from the head office, Standard Chartered Bank (SCB, A+/Stable/a), if necessary, although this is subject…
The Commercial Bank of Ceylon is slashing documentation fees on personal loans, home loans and leasing by 50% and offering preferential interest rates on these lending instruments throughout March for holders of ‘Anagi’ Women’s Savings Accounts as part of a series of initiatives to celebrate women. The Bank said it has also partnered with more…
Reaffirms commitment to ‘Better Water, Better Lives’ under the Diyasarana initiative Continuing its mission to enhance access to safe drinking water in rural Sri Lanka, Sunshine Foundation for Good (SFG) – the CSR arm of Sunshine Holdings PLC – has inaugurated its 21st Reverse Osmosis (RO) water treatment plant at Nakwatthagama Kanishta Vidyalaya in Kurunegala….
The Workshop Players, one of Sri Lanka’s most esteemed theatre ensembles, are set to return to the stage for a special charity concert, Encore for a Cause, in support of the Indira Cancer Trust’s Suwa Arana Palliative Paediatric Care Centre. This highly anticipated event will take place on Tuesday, 18th March at The Lionel Wendt…
Pelwatte Dairy Industries Ltd has announced the appointment of two seasoned industry professionals to key leadership roles as part of its continued commitment to operational excellence and strategic growth. Dilantha Fernando joins as Group Chief Financial Officer (GCFO), while Thushara Jayalath takes on the role of Group Chief Operating Officer (GCOO). Their combined expertise is…
amanté Sri Lanka’s leading intimate apparel brand has unveiled its newest boutique located at the Colombo City Centre mall: the 7th addition to the brand’s growing portfolio of independent outlets in Sri Lanka. The boutique was opened on the 7th of March by Chief Guest, Darshi Keerthisena, in the presence of several guests and special…
SLT-MOBITEL has entered into a strategic partnership with Rush Lanka Group to provide exclusive SLT-MOBITEL Fibre connectivity solutions to their portfolio of luxury apartment developments in Colombo and the suburbs, enhancing the digital experience of all residents. The agreement was signed between Imantha Wijekoon, Chief Business Officer of Consumer Business at SLT, and Zaid Ariff,…
Colombo’s culinary landscape just got richer with the launch of Chayhane, a Turkish café located at 27th Lane, Inner Flower Rd, Colombo 03. The grand opening was graced by Former President of Sri Lanka Ranil Wickremesinghe, Deputy Chief of Mission at the Embassy of the Republic of Türkiye in Colombo, Merve Gözde Otlu, and other…
Emirates has joined forces with Parsys Telemedicine to introduce next generation equipment that will enable customers to receive high-quality, speedy medical care in the air. Emirates has invested more than USD2.4 million in co-designing the new equipment set with Parsys, which will be rolled out to 300 aircraft over the next few years. The groundbreaking…
Sri Lanka’s leading chicken processor, Bairaha Farms PLC, adopted an ambulance through the 1990 Suwa Seriya Foundation’s ‘Adopt an Ambulance’ programme, to enhance access to emergency healthcare services across the island. The ambulance adopted by Bairaha Farms was restored at a cost of Rs. 5 million, and was released for service on 5th March 2025,…
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On 14 March, the Sri Lanka Export Development Board (EDB) and the International Trade Centre (ITC) are launching the SheTrades Sri Lanka Hub, funded by the UK’s SheTrades Commonwealth+ Programme.. The hub will serve as a resource centre to equip women entrepreneurs with the skills, market access, and policy support required to successfully navigate international…
Unveiling Pharma Market Potential: DelveInsight’s Strategic Insights into the Rapidly Expanding MASH Landscape in Asia A case study on how DelveInsight helped a pharma client navigate the evolving metabolic dysfunction-associated steatohepatitis (MASH) landscape with actionable market intelligence DelveInsight recently conducted an in-depth MASH Market Size and Share Assessment to help a pharmaceutical client understand the evolving Metabolic Dysfunction-Associated…
The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe emphasized the importance of promoting a sustainable and cost-effective construction industry in the country, highlighting key challenges and opportunities in the sector. Speaking at ‘Construction Expo 2025’ on Friday (14), Dr. Weerasinghe underscored the need for Sri Lanka to align with global…
Sign Partnership for Marine Propulsion and Power Solutions Hayleys Power Limited, a subsidiary of Sri Lanka’s largest and most diversified conglomerate Hayleys, has entered into a partnership with world-leading Japanese multinational group, Mitsubishi Heavy Industries, becoming the authorised distributor for Mitsubishi marine engines in Sri Lanka. This collaboration marks a significant milestone in the country’s…
Starting its promotional work for 2025, Sri Lanka Tourism Promotion Bureau (SLTPB) added another feather into its cap of endorsements, by being recognized as the most innovative Tourism Board promotion in Outbound Travel Mart (OTM) . In parallel to that, several other sub events were held. The OTM was held in Jio World Convention Centre,…
Tata Motors, India’s leading automobile manufacturer and the pioneer of sustainable mobility, along with DIMO, the authority in Automotive Excellence for over 85 years and the sole authorized distributor for Tata Motors in Sri Lanka, launched the all–new range of passenger vehicles (including Internal Combustion Engine (ICE) vehicles and Electric Vehicles (EV)) in the country…
In a groundbreaking achievement for Sri Lanka’s IT and electronics manufacturing industry, EWIS Colombo Ltd, the country’s first and only local computer manufacturer, has successfully exported its first consignment of locally built laptops to Zimbabwe. This landmark event not only positions Sri Lanka as an emerging force in global IT hardware manufacturing but also highlights…
A meeting between President Anura Kumara Disanayake and officials of the Urban Development Authority (UDA) held today (12) at the Presidential Secretariat. The discussion focused on reviewing the UDA’s ongoing development projects and ensuring the effective utilization of budget allocations, with an emphasis on key priorities. This discussion extensively focused on strengthening the national economy…
Analysis
Indian Prime Minister Narendra Modi who is leading the Indian economic expansion is expected to visit Sri Lanka in April. He is likely to discuss issues including connectivity & economic ties with Sri Lankan counterparts. According to legend, Prince Rama connected the two countries to send Monkeys to create chaos & conflict. To mitigate similar situations…
By Dr Asanka Wijesinghe The proposed additional tariffs on the US imports from Canada, China, and Mexico went into effect early Tuesday morning (March 4), paving the way for a trade war between the US and major trade partners. In addition, the Presidential Memorandum on Reciprocal Trade and Tariff of the United States (US) has…
Investments exit in Sri Lanka causes development dilemmas By Kishore Reddy Sri Lanka’s economic development over the years have faced significant setbacks the withdrawal of several major infrastructure and investment projects. The recent pullout of Adani Green’s USD 1 billion renewable energy project being the latest in a concerning pattern. The cancellation of the Japan…
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