Lead Story
The business barometer dips again following a brief surge as corporate optimism fades Unpredictable global politics, T20 World Cup fever, progress on the 2025 Corruption Perceptions Index (CPI), emerging health concerns and the not unusual political drama have dominated conversations in recent weeks. Sri Lanka recorded notable progress on the CPI by Transparency International (TI),…
Featured
What does the next decade hold for Sri Lanka’s real estate market? That’s exactly the question a room full of industry leaders will be sitting down to answer next month. The Research Intelligence Unit (RIUNIT) who initiated this effort is hosting Driving Growth Through Real Estate: 10 Year Plan a high-level forum bringing together some…
Ceylon Tobacco Company PLC (CTC) today announced the appointment of Sarmad Abbasi as its Managing Director and Chief Executive Officer, effective from 1st May 2026. Mr. Sarmad Abbasi takes on the role from Ms. Fariyha Subhani who served as Managing Director and Chief Executive Officer of the Company since April 2024, continuing the company’s legacy…
Janashakthi Life, a subsidiary of JXG (Janashakthi Group), recently concluded its Annual Sales Awards 2026 at Cinnamon Life, City of Dreams, recognising the outstanding achievements and dedication of its top-performing team members across the island. The event brought together the organisation’s high performers for an evening dedicated to celebrating excellence, commitment, and the collective efforts…
SLT-MOBITEL and STEMUP Educational Foundation partner for sixth consecutive year Recognised as one of Sri Lanka’s most consistent, community-rooted digital education initiatives, SLT-MOBITEL has once again signed with the STEMUP Educational Foundation to conduct the Code Club programme. Entering its sixth year, the partnership continues to transform digital literacy access for students islandwide. The agreement…
In a landmark move to strengthen cultural ties between Sri Lanka and Germany, F Entertainment, a subsidiary of Fairway Holdings, has entered into a strategic partnership with the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) to host one of Sri Lanka’s true German Oktoberfest celebrations. The Memorandum of Understanding (MoU)…
Prime Constructions (Pvt) Ltd (PCL), the construction arm of the real estate leader Prime Group, has achieved ISO 9001:2015 certification, a milestone showcasing the company’s steadfast commitment to quality, trust, and internationally recognised standards. ISO 9001:2015 confirms Prime Constructions operate with consistent processes throughout every phase of development, from planning to final delivery, reducing defects,…
DoubleTree by Hilton Weerawila Rajawarna Resort is proud to announce its recognition at the prestigious 2026 Haute Grandeur Global Excellence Awards, securing multiple accolades that reaffirm its position as one of Sri Lanka’s leading resort destinations. At this year’s awards, the resort was honored with the titles of Best Wedding Resort in Asia, Best Destination…
The gentle rhythms of ‘Avurudu’ came alive in a uniquely meaningful way this year at La Serena, where residents of the beachfront retirement resort gathered to celebrate the Sinhala and Tamil New Year in a spirit of warmth, companionship and shared joy. Set against a backdrop of sea breeze and sunshine, the festivities brought together…
Evolution Auto will officially introduce the all-new XPENG G6 to the Sri Lankan market at an exclusive launch event on 15th May at the XPENG showroom by Evolution Auto. This launch marks the arrival of a next-generation smart electric SUV that redefines premium electric mobility in the country. Positioned as a global competitor to the…
CEAT Kelani Holdings has strengthened its leadership in Sri Lanka’s two-wheeler tyre market with the launch of the X5 series of its premium motorcycle and scooter tyre ranges – ‘GRIPP’ and ‘ZOOM’ – which are engineered to deliver higher mileage, enhanced safety and superior performance for modern riding needs. The new tyres respond to the…
Top News
The International Finance Corporation (IFC), a member of the World Bank Group, announced a partnership with WindForce PLC to develop Sri Lanka’s first utility‑scale 100‑megawatt (MW) solar power facility, a landmark project that will accelerate the country’s energy transition, strengthen energy security, lower electricity costs and create thousands of jobs. The project will generate around…
The Sri Lanka Export Development Board (EDB), in collaboration with the Asian Development Bank (ADB), is making significant progress in the formulation of the National Export Development Plan (NEDP) for the period 2026–2030. This strategic initiative is designed to position Sri Lanka on a path of sustained export-led economic growth, aligned with the Government’s national…
Emerald Clothing (Pvt) Ltd has stepped in to secure the continuity of key operations previously run by Hela Clothing (Private) Limited, in a move aimed at stabilizing exports and safeguarding employment. The intervention comes as Hela faces liquidity constraints. Emerald Clothing said it has implemented an operational transition to ensure that manufacturing output and selected…
Reuters – Two months since the outbreak of the Iran war, the charts below show how the economic toll is spreading beyond the Middle East, with emerging and developing markets facing rising inflation, growing fiscal strains and trade disruptions. 1/DIRECT HITS Middle East nations and those nearby are seeing the most direct economic hit. Qatar…
By Dr Erandathie Pathiraja Sri Lanka’s energy insecurity is structural, rooted in climate‑volatile hydropower, fossil fuel dependence, and an ageing grid. Solar adoption has grown quickly, but grid saturation and high storage costs limit further gains. Low‑cost policy fixes such as storage support, shared microgrids, daytime use incentives, and smart meters can strengthen resilience in…
DFCC Bank has entered into a partnership with AlfaNow in Dubai, expanding its remittance network across the Middle East and improving how Sri Lankans overseas send money home. The collaboration strengthens one of Sri Lanka’s most important financial lifelines. For many families, remittances are not just transactions, but a regular flow that supports daily expenses,…
A discussion between President Anura Kumara Dissanayake and officials the Department of Inland Revenue was held Yesterday afternoon (27) at the Presidential Secretariat. During the meeting, attention was focused on programmes aimed at enhancing the capacity of the Inland Revenue Department, including broadening tax revenue, maximising tax compliance and recovering outstanding tax arrears. The progress…
At a recent ceremony held at the Shangri-La Colombo, the Event Management Association (EMA) of Sri Lanka unveiled the official Sri Lanka Event Calendar. Developed by the Event Management Advisory Committee under the guidance of the Ministry of Industry and Entrepreneurship Development, the calendar is a centralized digital platform designed to serve as the definitive…
Analysis
The business barometer dips again following a brief surge as corporate optimism fades Unpredictable global politics, T20 World Cup fever, progress on the 2025 Corruption Perceptions Index (CPI), emerging health concerns and the not unusual political drama have dominated conversations in recent weeks. Sri Lanka recorded notable progress on the CPI by Transparency International (TI),…
By Dr Erandathie Pathiraja Sri Lanka’s energy insecurity is structural, rooted in climate‑volatile hydropower, fossil fuel dependence, and an ageing grid. Solar adoption has grown quickly, but grid saturation and high storage costs limit further gains. Low‑cost policy fixes such as storage support, shared microgrids, daytime use incentives, and smart meters can strengthen resilience in…
Guest Column by Dr. Beshan Kulapala, Co-Founder, Director & CEO of Volt Charge Sri Lanka Real-world charging data shows that EVs contribute far less to peak electricity demand than commonly assumed Even under higher simultaneous charging scenarios, EV-related demand remains within manageable levels With the right systems in place, EVs can support grid stability by…
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