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The 2026 Nobel economics prize has been awarded to US economists Robert Hall and Michael Woodford, the Royal Swedish Academy of Sciences said on Monday. Robert Hall and Michael Woodford on Monday won the 2026 Nobel economics prize for their work into how monetary and fiscal policy can help stabilise fluctuations in the economy. The pair were…
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Indra Traders expands FOTON’s service network to keep Sri Lanka’s growing commercial vehicle fleet moving Indra Traders (Pvt) Ltd, the sole agent for FOTON in Sri Lanka, has further strengthened its commitment to FOTON customers with the official opening of its new FOTON Service Center in Ja-Ela. The new facility brings dedicated FOTON servicing, repairs,…
JETOUR, the world’s fastest-growing SUV brands, continues to strengthen its presence in Sri Lanka with the opening of its second showroom at Colombo City Centre, bringing the brand’s growing range of SUVs and contemporary customer experience closer to consumers in the heart of Colombo. Since entering the Sri Lankan market, JETOUR has continued to build…
Yamamoto Motor Corporation, the Authorized Agent for VOGE in Sri Lanka, has officially opened the new VOGE Experience Centre in Bambalapitiya, marking a significant milestone in the brand’s expansion into Sri Lanka’s premium motorcycle segment. Going beyond the traditional showroom concept, the VOGE Experience Centre offers motorcycle enthusiasts a dedicated space to explore the brand’s…
What began as a food truck on Marine Drive has grown into one of Colombo’s recognised homegrown casual-dining brands and a story of Sri Lankan entrepreneurship and drive. This October, Street Burger celebrates its 10th anniversary, marking a decade of entrepreneurship, evolution and a distinctly Sri Lankan take on the gourmet burger. Street Burger was…
Hayleys Fentons Limited has received recognition at the Satynmag Women Friendly Workplace Awards 2026 for its approach to equal opportunities and career development within the engineering sector. The Company supports employees through merit-based progression and access to technical, leadership and professional development opportunities. With operations spanning multiple technical disciplines, Hayleys Fentons seeks to ensure that…
Classic Travel Sri Lanka Wins Gold While Travel Classic Bangladesh Secures Silver in Leading Travel Agency (Outbound) Category Expolanka Leisure Group is proud to announce a landmark achievement at the South Asian Travel Awards (SATA) 2026, with Classic Travel Sri Lanka winning the Gold Award for the third time and Travel Classic Bangladesh securing the…
Ten emerging startups took centre stage at First Capital Startup Nation by Hatch Demo Day 2026, marking a significant step in their journey from building innovative businesses to accessing capital, industry connections and international opportunities. Held on 1 October at Trace Expert City, the Demo Day brought together founders participating in the 2026 programme before…
Teardrop Nation, a four-part documentary series examining Sri Lanka’s post-independence political and conflict history, was formally launched at Scope Cinemas Multiplex at Colombo City Centre on 8 October, with Bimal Rathnayake attending as Chief Guest. Developed over six years by Project 72, with Sarah Kabir as Project Director, the series brings together historical accounts, expert…
A proud moment for Sri Lankan combat sports Ilham Hossen, Chief Executive Officer of Karma Fight League (KFL), is currently in the United States representing Sri Lanka on the U.S. Department of State’s International Visitor Leadership Program (IVLP), participating in the “American Excellence in Combat Sports” programme at the invitation of the U.S. Embassy in…
Sri Lanka follows Japan as the second market for BYD’s first electric KEI car BYD, the number one brand in Sri Lanka’s emerging New Energy Vehicle (NEV) segment and the world’s leading NEV manufacturer, together with its authorised distributor in Sri Lanka, John Keells CG Auto, today announced the successful debut of the BYD RACCO,…
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Sri Lanka’s plantation sector is entering a new phase of transformation, as technology and innovation reshape how estates operate, manage resources and sustain productivity. Across the country’s tea estates and other plantations, machines are increasingly complementing skilled workers in tasks once done almost entirely by hand, while software and data bring new precision to decisions…
A New Milestone for Sri Lanka’s Maritime Industry Sri Lanka’s maritime industry has achieved another historic milestone as Colombo West International Terminal (Private) Limited (CWIT) handling two million Twenty-foot Equivalent Units (TEUs) within just 18 months of commencing operations. This achievement makes CWIT the fastest terminal in the history of the Port of Colombo to…
CIC Holdings PLC has formally disclosed to the Colombo Stock Exchange (CSE) that its associate company, Akzo Nobel Paints Lanka (Private) Limited (ANPL), is excluded from AkzoNobel N.V.’s proposed $1.35 billion regional divestment to Nippon Paint Holdings Co., Ltd. In an official regulatory filing dated October 9, 2026, submitted on behalf of CIC Holdings PLC…
In terms of Section 70(1) of the Central Bank of Sri Lanka Act, No. 16 of 2023, the Central Bank of Sri Lanka released its annual Financial Stability Review (FSR) for 2026. This statutory report provides an assessment of the stability of the financial system, identifies and evaluates the associated risks and vulnerabilities, and outlines the policy measures…
Enabled by the World Bank’s GFPP Skift, the world’s largest tourism industry Intelligence consultancy, in joint venture with MTI Consulting, the international strategy consultancy, has been selected by Sri Lanka’s Ministry of Tourism and the World Bank to strategize and support the development of Sri Lanka’s Global Destination Communication Campaign Roadmap. The assignment includes the…
President Anura Kumara Dissanayake will inaugurate the Sri Lanka Economic & Investment Summit 2026 today, 12 October, at the Shangri-La Colombo. Organised by The Ceylon Chamber of Commerce, the two-day Summit will feature senior business leaders, policymakers and international experts discussing Sri Lanka’s economic priorities and investment prospects. Held under the theme “Positioning Sri Lanka…
Sungrow, a globally leading supplier of PV inverters and energy storage systems, announced the successful commissioning and commercial operation launch of WKV Hydro Technics (Pvt) Ltd’s 10 MW/40 MWh Battery Energy Storage System (BESS) in Galle, Sri Lanka on September 10, 2026. WKV Group, a subsidiary of Khen Energy Limited, deployed Sungrow’s PowerTitan 2.0 solution,…
Reuters – Elon Musk said he would price Starlink’s satellite internet service affordably in India to take on Mukesh Ambani’s low-cost Reliance Jio, escalating his attacks on the rival billionaire days before Jio’s parent launches India’s largest-ever IPO. Jio Platforms, which owns the telecom arm, is targeting a valuation of $106 billion in the offering….
Analysis
Sri Lanka’s plantation sector is entering a new phase of transformation, as technology and innovation reshape how estates operate, manage resources and sustain productivity. Across the country’s tea estates and other plantations, machines are increasingly complementing skilled workers in tasks once done almost entirely by hand, while software and data bring new precision to decisions…
Product discovery in Sri Lanka has undergone a permanent digital shift, with digital channels now influencing 51% of consumer purchase decisions, up sharply from 32% in 2020. According to findings from the BCG-Ceylon Chamber Consumer Study across all nine provinces, online touchpoints are dominating the pre-purchase evaluation phase. While word-of-mouth remains the overall leading source…
Household consumption across Sri Lanka has staged a significant recovery, reaching LKR ~9 trillion in 2025 and continuing to anchor 60% to 70% of real GDP. However, a newly released landmark study by the Ceylon Chamber of Commerce and Boston Consulting Group (BCG) reveals an uneven economic recovery beneath the aggregate numbers. Approximately 0.4 million…
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