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The International Monetary Fund (IMF) says Sri Lanka’s economic reform programme has made “very significant progress,” with strong growth, low inflation and improving external indicators, despite recent shocks. Speaking at a press briefing on March 19, IMF Communications Director Julie Kozack noted that the programme has remained on track even after the impact of Cyclone…
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Sri Lankan audiences are in for a spectacular theatrical experience this April as the international cast of La Bamba! The Song of Veracruz takes the stage at City of Dreams Sri Lanka, hosted at The Forum, Cinnamon Life, Colombo. The West End–licensed production brings together world-class performers from the UK, Europe, and North America alongside…
Janashakthi Life, a leading name in the insurance industry and a flagship brand of JXG (Janashakthi Group), served as the Title Partner for the 15th edition of the Battle of the Hindus, as Hindu College Colombo and Jaffna Hindu College renewed their proud school cricket rivalry, bringing together students, old boys, and supporters in celebration…
DFCC Bank PLC has released its 13th Integrated Annual Report for the financial year ended 31 December 2025, titled “A Defining Leap in Customer-Centric Banking.” The report outlines the Bank’s financial performance, strategic progress, and sustainability initiatives, illustrating how DFCC Bank continues to strengthen its customer franchise while creating long-term value. The publication coincides with DFCC Bank’s…
A weekend dim sum experience celebrating authentic Cantonese flavors at Hilton Colombo’s signature Chinese restaurant Hilton Colombo invites guests to experience the art of authentic Chinese cuisine at Emperor’s Wok with Endless Dim Sum, a weekend culinary experience dedicated to one of Asia’s most beloved dining traditions. Known for its delectable Cantonese and Szechuan delicacies,…
Atlas, the leading learning brand in Sri Lanka, recently held its annual Atlas Sipsavi Ridee Viharaya Donation on at the historic Ridee Viharaya in Kurunegala, reaffirming the company’s long-standing commitment to support equal access to education across Sri Lanka. Driven by the brand’s broader purpose of “Making Learning Fun,” the Atlas SipSavi programme reinforces the…
Huawei recently hosted its Huawei Intelligent IT Summit 2026, bringing together Sri Lanka’s leading CIOs, CTOs, enterprise technology leaders, and digital transformation decision-makers to explore how organizations can build the next generation of AI-ready digital infrastructure. Held as Huawei’s flagship enterprise IT infrastructure event in Sri Lanka, the summit provided a timely platform for the…
Coca-Cola Sri Lanka has been named Youth Choice Beverage Brand of the Year at the SLIM-Kantar People’s Awards 2026, marking its fifth consecutive win in the category. Organised by the Sri Lanka Institute of Marketing (SLIM) in partnership with Kantar, the SLIM-Kantar People’s Awards are among Sri Lanka’s most recognised consumer-voted award platforms, recognising brands…
Fitness First continues to strengthen its presence in Colombo’s growing fitness community through its Jaela branch, offering a supportive and welcoming environment for individuals seeking to improve their health and wellbeing. Known for its friendly atmosphere and professional approach to training, Fitness First Jaela provides members with access to experienced and approachable coaching staff who…
Sofia Colombo, a prominent hotel in Colombo, is pleased to announce that it has achieved the esteemed GSTC (Global Sustainable Tourism Council) accreditation, being the first establishment of its kind within the country. GSTC certification helps Sofia Colombo align with sustainability standards that encompass environmental, social responsibility, and economic viability. Control Union certification, an entity…
Sampath Bank PLC has been recognised as the Runner Up in the Banking Category at the ACCA Sustainability Reporting Awards 2025, held recently at Cinnamon Life, Colombo. The recognition was awarded for the Bank’s Integrated Annual Report 2024, reflecting its continued commitment to transparent, responsible and forward-looking sustainability reporting. Sampath Bank’s recognition was driven by…
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Reuters – Tesla, opens new tab is looking to buy equipment worth $2.9 billion for manufacturing solar panels and cells from Chinese suppliers including Suzhou Maxwell Technologies, opens new tab, two people familiar with the matter said, as CEO Elon Musk aims to add 100 gigawatts of solar capacity in the United States. Musk said…
Reuters – Oil prices fell on Friday as leading European nations and Japan offered to join efforts to secure safe passage for ships through the Strait of Hormuz and the U.S. outlined moves to boost oil supply. Looking to curb soaring oil prices, U.S. Treasury Secretary Scott Bessent said the U.S. may soon remove sanctions from Iranian…
Government to Prioritise Export Sector, Intervene to Overcome Challenges – President President Anura Kumara Dissanayake emphasised that the Government will take all necessary measures and intervene to the fullest extent to overcome the challenges currently facing the export sector, treating it as a national priority. The President made these remarks while attending a discussion with…
SriLankan Airlines Limited (the “Company“) and the Government of Sri Lanka (the “Government”) are pleased to announce the expiration of the Consent Solicitation, Exchange and Tender Offer related to the Company’s U.S.$175,000,000 Guaranteed Bonds due June 2024, guaranteed by the Government (the “Existing Bonds”). On 20 February 2026, the Company launched an official invitation to…
An International Monetary Fund (IMF) staff team is scheduled to visit Sri Lanka from March 26 to April 9, 2026, to conduct discussions with local authorities on the country’s reform programme. In a statement issued from Washington, D.C., IMF Mission Chief for Sri Lanka Evan Papageorgiou said the visit will focus on the combined fifth…
The Sri Lanka Banks’ Association (SLBA) has assured the public that banks will continue to operate on all five weekdays as an essential service, despite the temporary measures introduced to conserve fuel and energy resources. Accordingly, banks will remain open from Monday to Friday, including Wednesdays, with operations on Wednesdays limited to the hours of…
Deputy Minister of Finance Dr. Anil Jayantha Fernando announced that bondholders have agreed to restructure the USD 175 million bond issued by SriLankan Airlines. Addressing Parliament today (19), he said that 98% of lenders and 99% by value have consented to the restructuring. He emphasised that debt restructuring was critical to move beyond economic stabilisation,…
BBC – Oil prices rose above $110 (£82.78) a barrel after Iranian media reported an airstrike hitting a facility on the world’s largest natural gas field. The Brent crude oil benchmark hit $112 a barrel in early Thursday trade in Asia, more than 5% higher than Tuesday’s prices. The price has since fallen slightly. The benchmark…
Analysis
Sri Lanka’s stock market has suffered a significant setback, with over Rs. 1 trillion wiped off its value amid escalating tensions in the Middle East. The conflict began on February 28, 2026, when the United States and Israel launched attacks on Iran, triggering a wider regional crisis. The situation has not only destabilised the Middle…
By Felix Fernando, Chairman, Joint Apparel Association Forum (JAAF) Sri Lanka’s apparel industry has earned its place in the global market through consistency, trust, and a strong reputation for ethical manufacturing. Over many years, we have shown that Sri Lanka can deliver quality, compliance, and reliability at a level that global brands value. That foundation…
Sri Lanka’s economy recorded a 5.0% growth in 2025, with all key sectors contributing positively, according to the Department of Census and Statistics Sri Lanka. The country’s Gross Domestic Product (GDP) at constant prices increased to Rs. 13,128,577 million in 2025, up from Rs. 12,508,954 million in 2024. At current prices, GDP rose by 8.8%…
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