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SriLankan Airlines has resumed flights between Colombo and Kuwait, re-establishing air connectivity between the two destinations with a six-weekly service from today (8 August). According to the airline, flight UL229 from Colombo to Kuwait will operate every Monday, Tuesday, Thursday, Friday, Saturday and Sunday, departing Colombo at 5:10 p.m. and arriving in Kuwait at 8:05…
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Last December, floods across Sri Lanka left many communities having to rebuild their lives. Homes and livelihoods were the immediate focus, but many schools were also impacted. Several lost the facilities that students relied on every day, including IT laboratories where they learnt digital skills, completed practical lessons and, for many in rural communities, had…
The George Keyt Foundation and the British High Commission in Colombo recently wrapped up the art exhibition 19th Century Views of Ceylon: British Artists and Historical Perspectives on the Island at Westminster House on July 31 and August 1. The event attracted large crowds of art lovers, history enthusiasts, and members of the public. The…
Antler General Industries unveiled its latest innovations at an exclusive product launch held at Shangri-La Colombo on 23 July under the theme “Formulated for the Future.” The event brought together valued customers, industry partners, and distinguished local and international guests to celebrate the company’s expanding portfolio of advanced chemical solutions and its vision of Creative…
Arsenal Football Club and Emirates have today announced a long-term renewal of one of the longest-running and most recognisable partnerships in world sport. The agreement will see Emirates continue as the Champion’s front-of-shirt, training kit and stadium naming rights partner through to 2033, extending what is already the Premier League’s longest-running front-of-shirt partnership and marking…
Union Bank is pleased to announce the appointment of Mr. Anil Keshary Shah as a Non-Independent Non-Executive Director to the Board of Directors. Mr. Anil Keshary Shah is a distinguished banking professional and leadership consultant with over three decades of experience in banking, finance, strategic leadership and business management across Nepal and South Asia. He…
John Keells Foundation (JKF), the Corporate Social Responsibility entity of the John Keells Group, hosted its annual Volunteer Recognition Day under the patronage of Chairperson of the John Keells Group, to celebrate the remarkable contributions of staff and business teams who dedicated their time, skills, and efforts towards creating positive social impact across Sri Lanka….
Pyramid Wilmar (Pvt.) Ltd. incorporated in 2005, is the leading edible oil and specialty fats company in Sri Lanka. It is reputed as one of the most progressive and influential corporate entities of the industry. The company is a joint venture between Pyramid Oil Mills, and Wilmar International Limited, founded in 1991 and headquartered in Singapore….
The Sri Lanka Institute of Marketing (SLIM), the National Body for Marketing in Sri Lanka, has entered into a strategic partnership with NANASKA (Pvt) Ltd through the signing of a Memorandum of Understanding (MOU) to advance executive education, professional development, and knowledge sharing for marketing professionals. The first initiative under the partnership will be the…
Reinforcing its commitment to fostering stronger industry relationships beyond technology, Hikvision Sri Lanka proudly partnered as the Powered-by Sponsor of the recently concluded FITIS Cricket Tournament, bringing together professionals from across Sri Lanka’s technology and security sectors for a day of spirited competition, networking, and camaraderie. The tournament provided a vibrant platform for system integrators,…
Over 40 students with hearing and speech impairments graduate with industry-recognised optical qualifications The Wickramarachchi Institute of Science & Technology (WIST), in collaboration with the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) and Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, recently celebrated the graduation of more than 40 students with…
Top News
The Derana Colombo International Kite Festival has grown into one of Sri Lanka’s most recognized international cultural and tourism events, bringing together people from around the world through the universal language of kite flying. The journey began in 2015 as the Lokaya Saha Lokayo Kite Festival, organized by the Derana Kite Team with the vision…
Sri Lanka’s official reserve assets saw a notable recovery in July 2026, increasing by USD 133 million, according to the latest statistics released by the Central Bank of Sri Lanka (CBSL). This marks a 2.1% growth from the previous month, bringing the total reserves to USD 6,591 million by the end of July. The reserves had…
The Fourth Round of Bilateral Consultations between the Ministries of Foreign Affairs of Sri Lanka and the Sultanate of Oman was successfully held in Muscat on 3 August 2026, providing an important platform to review the progress of bilateral relations and identify new avenues for cooperation in trade, investment, digitalisation, connectivity, innovation and human capital…
Asahi Dyes and Chemicals SL opens US$ 20.4 million advanced manufacturing facility at Biyagama Export Processing Zone, creating 281 direct employment opportunities Sri Lanka’s high-value manufacturing and export sector received a significant boost today with the official opening of the state-of-the-art manufacturing facility of Asahi Dyes and Chemicals SL (Pvt) Ltd. at the Biyagama Export…
The Ceylon Chamber of Commerce and the Southern Gujarat Chamber of Commerce & Industry (SGCCI), Surat, India, renewed their Memorandum of Understanding (MoU), reaffirming a commitment to strengthening business engagement between Sri Lanka and Gujarat. The renewed MoU was signed by Krishan Balendra, Chairperson of The Ceylon Chamber of Commerce, and Mr. Ashok Jirawala, President…
Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 15,836 million and a Profit After Tax (PAT) of Rs. 635 million for the 1st Quarter ended 30th June 2026, compared to a turnover of Rs. 12,544 million and a PAT of Rs. 668 million, in the same period last year. The…
Performance Review for the Three Months Ended 30th June 2026 The Group recorded revenue of Rs. 28.77 Bn in Q1 FY27, an increase of 0.9% YoY, while gross profit margin improved by 0.2 percentage points to 30.4%. However, EBITDA declined by 14.1% to Rs. 2.26 Bn and Group earnings attributable to equity holders declined by…
Reuters – Oil extended gains on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those which violated the proposed rules. Brent crude futures rose 80 cents, or 0.97%, to $83.29 a barrel by 0303 GMT….
Analysis
The unique index gains lost ground amid global risks and domestic uncertainties Even as Sri Lanka earned recognition as the world’s best island destination to visit in 2026, the country continued to attract global attention for all the wrong reasons. The national focus shifted to prison overcrowding and the deadly unrest in Negombo, leading to…
S&P Global Ratings affirmed its ‘CCC+/C’ long- and short-term sovereign credit ratings for Sri Lanka with a stable outlook, balancing a resilient economic recovery against heightened external uncertaintie. While the economy has demonstrated robust revenue growth and real GDP performance that exceeded expectations in early 2026, the sovereign’s creditworthiness remains vulnerable due to high debt levels…
Sri Lanka has been recognized as one of the world’s fastest-improving sovereigns for investor relations and debt transparency, according to the 2026 IIF Investor Relations and Debt Transparency Report. The Institute of International Finance (IIF) ranked the country fourth among the largest global improvers, a significant milestone as the government works to rebuild international confidence…
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