Lead Story
Following discussions with officials of the Central Bank of Sri Lanka regarding Foreign Exchange Regulations Nos. 01 and 02 of 2026 and the Order issued under Section 22 of the Foreign Exchange Act, the Committee on Public Finance (CoPF) approved the said Regulations and Order. The matter was considered at a meeting of the Committee…
Featured
Delivers superior HD voice clarity, modern Type-C charging, and nationwide 4G network performance, featuring the newly launched HMD 101 4G and HMD 102 4G HMD (Human Mobile Devices), the leading European mobile phone manufacturer and maker of Nokia phones, has partnered with Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, to officially introduce a new…
The HNB Legacy Open 2026, powered by Visa Infinite, concluded on 22nd August in Nuwara Eliya, bringing together players from across the island for the third edition of the flagship golf tournament hosted by HNB Private Banking. Played in the hill country, the tournament combined sport, fellowship, and recognition in a format designed exclusively for…
Hayleys Mobility Limited, the mobility sector of Hayleys Fentons Limited, has entered into a strategic partnership with Siyapatha Finance PLC through the signing of a Memorandum of Understanding (MoU), providing customers with greater access to flexible and tailored vehicle financing solutions across its growing passenger and commercial mobility portfolio. The partnership combines Hayleys Mobility’s expanding…
This Is Michael – Relive the Legend, the highly anticipated international Michael Jackson live tribute concert production, will take place at The Podium, City of Dreams Sri Lanka, on 8 and 9 November 2026, in a collaboration that brings together leading partners, with City of Dreams Sri Lanka as Presenting Partner, Seylan Bank as In…
XpressJobs has been recognised for its AI Recruitment Assistant in the Best Agentic AI Solution category at the National AI Awards 2026. The inaugural ceremony took place on 30 September at Monarch Imperial, Colombo. The awards form part of Sri Lanka AI Week 2026: AI Amplified, powered by the Ministry of Digital Economy and SLT-MOBITEL….
Fairfirst Insurance has been named Best Marine Insurance Company in Sri Lanka 2026 at the World Business Outlook Awards, marking a significant recognition of its strength and expertise in a segment that plays a vital role in supporting Sri Lanka’s trade and business activity. The recognition comes from World Business Outlook, an international business and…
The 14th Inter-Firm Team Doubles Badminton Championships organised by the Mercantile Badminton Association concluded at the MBA Courts in Colombo recently with MAS Holdings once again making a significant impact in the highly competitive Lankan corporate arena that hosted some of the top shuttlers from leading corporates. MAS clinched second spot in the 240+ (combined…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the arrival of Samsung Galaxy Z Fold8 and Galaxy Z Fold8 Ultra 5G in Sri Lanka through its partnership with Samsung, enabling customers to experience the devices on Dialog 5G Ultra, Sri Lanka’s largest and fastest-growing 5G network, now powered by over 1,000 live 5G sites…
Sampath Bank PLC and KOKO have partnered to introduce the KOKO Merchants Credit Facility, creating a more convenient pathway to business financing for eligible merchants within KOKO’s growing ecosystem. The initiative extends KOKO’s role beyond payments and customer financing by connecting merchants with Sampath Bank’s financing capabilities, helping them access funding to purchase and replenish…
BYD’s ultra-compact New Energy Vehicle (NEV), the RACCO, the first model specifically designed to break into the highly competitive Japanese automotive market has crossed a significant milestone, having crossed 1,500 sales in less than two months after its Tokyo debut. This rapid uptake is a testament to the RACCO’s compelling blend of practicality, efficiency, and forward-thinking design…
Top News
In a major transformation of Sri Lanka Customs, the Digital Signature and Paperless Customs Declaration Processing System, introduced jointly by the Revenue Administration Reform and Modernisation Bureau of the Presidential Secretariat and Sri Lanka Customs, was officially launched today (01) at the Sri Lanka Customs Auditorium, under the patronage of Deputy Minister of Economic Development…
Reuters – India’s cabinet has approved a 1.86 trillion rupees ($19.42 billion) renewable energy programme to help improve existing grids and add storage, the country’s information minister said on Wednesday. A 1.36 trillion rupees scheme will strengthen the country’s transmission system within states to enable evacuation of up to 135 Gigawatt (GW) of clean energy,…
Fitch Ratings has upgraded Bank of Ceylon’s (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B-’, from ‘CCC+’, with a Stable Outlook. Fitch has also upgraded BOC’s Viability Rating (VR) to ‘b-’, from ‘ccc+’, and Short-Term IDR to ‘B’, from ‘C’. The Government Support Rating (GSR) has been affirmed at ‘ns’ (no support)….
Sri Lanka’s investment climate remains challenging despite the country’s economic recovery, with foreign direct investment (FDI) inflows still well below levels commonly seen in emerging economies, according to the U.S. Department of State. In its 2026 Investment Climate Statement on Sri Lanka, the Department said FDI stood at US$1.06 billion in 2025, equivalent to around…
Emirates has departed Dubai for Helsinki, Finland, for the very first time. Emirates flight EK167 departed at 07.30hrs today with a near-full passenger and cargo load, including a VIP delegation and media onboard. With the new route, Emirates introduces the only year-round direct link between the UAE and Finland, unlocking enhanced opportunities for travellers. The new…
The Sri Lanka Export Development Board (EDB), in collaboration with the Ministry of Industry and Entrepreneurship Development, convened a coordination meeting with the Lead Implementing Agencies of the National Export Development Plan (NEDP) 2026–2030 Tuesday, 29th September 2026, at the Auditorium of the Ministry of Industry and Entrepreneurship Development. The meeting brought together representatives of…
A ceremony to launch the Paperless Customs Declaration Process, introduced jointly by the Revenue Administration Reforms and Modernisation Bureau of the Presidential Secretariat and Sri Lanka Customs as a significant transformation of Sri Lanka Customs, will be held today (01) at the Sri Lanka Customs Auditorium, under the patronage of Deputy Minister of Economic Development…
The Sri Lanka Logistics & Freight Forwarders’ Association (SLFFA) held its 45th Annual General Meeting (AGM) at the Cinnamon Grand Hotel in Colombo, electing new office bearers for the 2026/2027 term. The event was graced by Hon. Anura Karunathilaka, Minister of Ports and Civil Aviation, as Chief Guest, alongside Mr. W.W.S. Mangala, Secretary to the…
Analysis
Sri Lanka’s investment climate remains challenging despite the country’s economic recovery, with foreign direct investment (FDI) inflows still well below levels commonly seen in emerging economies, according to the U.S. Department of State. In its 2026 Investment Climate Statement on Sri Lanka, the Department said FDI stood at US$1.06 billion in 2025, equivalent to around…
The barometer rises although a plethora of uncertainties lurk in the background From climate concerns to more high profile arrests and a busy bribery commission, Sri Lanka has seen no shortage of headline grabbing developments over the past month. And drug related arrests continue apace, although shootings show little sign of abating. The anticorruption drive…
The Asia Pacific Economic Corporation (APEC) is a regional economic forum founded in November 1989 to boost free trade, investment, and sustainable growth across the Pacific Rim (Ref. APEC). USA, Canada, Mexico, China, Japan, South Korea, Singapore, Indonesia, Malaysia, Philippines, Vietnam, Brunei, Australia, New Zealand, Russia and Thailand etc. are members of APEC. Though not…
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