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Trading at the Colombo Stock Exchange turned sharply red today (14), with the market experiencing noticeable downward pressure across its main indices. By the close of the session, the main All Share Price Index (ASPI) had fallen by 281.42 points to settle at 19,796.06 points. The drop marks a key psychological shift for local investors, bringing…
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Colombo Comedy Show returns with four international comedians for its 11th edition What began as an initiative to bring people together over a few good laughs has grown into one of Colombo’s most anticipated annual charity events. The Colombo Comedy Show, organised by Colombo Taprobane Round Table 03 of Round Table Sri Lanka, returns for its 11th…
Sha Web Design, one of Sri Lanka’s premier web design and digital solutions agencies, marks its 15th anniversary this Year, celebrating a decade and a half of driving digital transformation across local and regional enterprise sectors. Established 15 years ago, the company has grown from a boutique web design firm into an international digital engineering…
Strengthening Corporate Governance and International Perspectives to Drive Sustainable Growth Dearo Venture Capital Ltd is pleased to announce the appointment of Mr. Andreas Wiik, a Norwegian entrepreneur with international business experience, to its esteemed Board of Directors as an Independent / Non-Executive Director. This significant appointment marks another important milestone in the company’s journey towards…
Life insurance leader’s cumulative investment in the education of children of policyholders tops Rs. 263.4 million Ceylinco Life has marked the 25th edition of its flagship Pranama Scholarships programme by awarding 147 scholarships worth Rs. 23.4 million to recognise academic excellence and outstanding extracurricular achievements among the children of its policyholders, taking the programme’s cumulative…
At their AGM on Monday 12th October, the Public Relations Association of Sri Lanka (PRASL) elected a new Executive Board to take forward the strategic direction set at the previous AGM, to pivot from its outdated publicity and events profile, and be seen as ‘The Vital Strategic Communications Discipline that Drives Initiatives and Protects Reputation”….
Marine Bay Colombo, a member of Macksons Hotels, has secured two prestigious honours at the South Asian Travel Awards 2026 (SATA), being named Leading City Hotel and Leading Budget Hotel. The double win is particularly noteworthy for Marine Bay, which opened only last year. It follows the hotel’s Gold Award for Leading City Hotel at…
SriLankan Airlines carried the rhythm of Japan to Sri Lanka, by flying in five professional Japanese drummers from Ota Ward, Japan, as the Official Airline Partner for the Embassy of Japan in Sri Lanka’s presentation of Wadaiko Daigen-gumi. Their journey from Tokyo to Colombo on UL455 carried more than artists, it carried the powerful heartbeat…
Richardson Projects, a subsidiary of Richardson Holdings, a multi-sector Sri Lankan conglomerate, has been appointed the official local agent and distributor for powder coating materials from Axalta, a globally established leader in performance coatings technology serving more than 100,000 customers in over 140 countries. The partnership was recently unveiled at an official launch held at…
Delmege Insurance Brokers Retains No. 1 Position for Third Consecutive Year Delmege Insurance Brokers has reaffirmed its position as Sri Lanka’s No. 1 insurance broker for the third consecutive year, 2023, 2024 and 2025, according to the Insurance Regulatory Commission of Sri Lanka (IRCSL). With a Gross Written Premium (GWP) of LKR 6.3 billion and…
DoubleTree by Hilton Weerawila Rajawarna Resort marked the beginning of its festive preparations with a Christmas cake mixing ceremony held on the resort’s rooftop, bringing guests and Team Members together against the backdrop of southern Sri Lanka’s sunset. Guests joined the resort’s team in mixing dried fruits, spices and traditional festive ingredients in preparation for…
Top News
LOLC Holdings PLC has issued a public clarification categorically rejecting what it describes as misleading and factually inaccurate information circulating across online and social-media channels regarding a banking facility involving the LOLC Group and People’s Bank. According to the company, the local-currency borrowing is fully cash-secured against a US-dollar deposit maintained directly with People’s Bank…
Fitch Ratings has assigned Sampath Bank PLC’s (AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion a final National Long-Term Rating of ‘A(lka)’. The proposed debentures, which will mature in five and seven years, will be listed on the Colombo Stock Exchange. The bank plans to use the proceeds to…
The International Monetary Fund (IMF) and the World Bank Group (WBG) Managements today (14) released the Bangkok Blueprint, a high-level framework developed in coordination with the Bank of Thailand that aims to help countries prevent, detect, and address the growing threat of cyber-enabled fraud in digital financial services. Digital finance has expanded access, innovation, and efficiency,…
Joint IMF – RFAs Press Release on the 11th High-Level RFA Dialogue On 13 October 2026, the Regional Financing Arrangements (RFAs) and the International Monetary Fund (IMF) convened their 11th Annual High-level Dialogue in Bangkok, Thailand, at the margins of the IMF/World Bank Annual Meetings. Following severe flooding in Bangkok and several areas across Thailand,…
A US$300 Million Tourism Super App? How Sri Lanka Could Connect Foreign Exchange, Telecom, National Parks, Government Resorts and Every Major Tourist Experience into One National Revenue Engine By Jithendra Antonio The next great opportunity in Sri Lankan tourism may not be another hotel, another airport terminal or another advertising campaign. It may be the…
Reuters – Oil prices climbed on Wednesday after two vessels were struck in the Strait of Hormuz and Iranian officials told Reuters they were deploying new tactics to target ships, as Tehran seeks to keep oil prices high and influence the US midterm elections. Brent crude futures rose 63 cents, or 0.6%, to $106.32 a…
Sri Lanka Economic and Investment Summit 2026 Held under the Patronage of the President President Anura Kumara Dissanayake invited the local and international business community to invest in Sri Lanka with confidence, stating that the Government is committed to maintaining transparent governance, enacting the necessary laws and regulations, and developing essential infrastructure to create a…
By Lakshan Madurasinghe — Founder/CEO Solutions Ground, Corporate Strategist & Investment Facilitator The global economy is entering a period where resilience and long-term competitiveness matter as much as growth. Supply chains are diversifying and geopolitical tensions are reshaping investment decisions, with businesses now looking for jurisdictions that offer continuity amid uncertainty. Having spent two decades…
Analysis
A US$300 Million Tourism Super App? How Sri Lanka Could Connect Foreign Exchange, Telecom, National Parks, Government Resorts and Every Major Tourist Experience into One National Revenue Engine By Jithendra Antonio The next great opportunity in Sri Lankan tourism may not be another hotel, another airport terminal or another advertising campaign. It may be the…
By Lakshan Madurasinghe — Founder/CEO Solutions Ground, Corporate Strategist & Investment Facilitator The global economy is entering a period where resilience and long-term competitiveness matter as much as growth. Supply chains are diversifying and geopolitical tensions are reshaping investment decisions, with businesses now looking for jurisdictions that offer continuity amid uncertainty. Having spent two decades…
Sri Lanka’s post-crisis recovery has restored a measure of stability, but transforming it into durable growth requires stronger productivity, resilience, and improvements in household living standards. With limited fiscal and external space, growth must rely on private investment, more competitive exports, and better-quality jobs rather than consumption-led expansion. Building resilience to climate, energy, and external…
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