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The Cabinet of Ministers has officially approved a comprehensive financing package to launch the “Grid-Based Rooftop Solar Power and Virtual Net Meter Reading” project, a priority initiative designed to transform how solar energy is distributed and utilized across the country. The project aims to provide effective solutions for independent power producers while significantly improving small-…
Featured
Following its bespoke Wimbledon menu, Emirates is extending the celebration of the British summer with the return of the popular seasonal strawberry menu, available on flights between Dubai and the UK from 13 to 31 July. A quintessential highlight of the British summer, strawberries are at the heart of many beloved seasonal dishes, from strawberries…
Short Circuit has announced a new group leadership structure, appointing five senior leaders across its portfolio companies. The appointments span Surge Global and Calcey Technologies, the group’s services arm; Payable, its payments business; and SurgeOS, its product division. The appointments mark a deliberate step in the group’s evolution, moving from a founder-driven model towards a…
Logical, an AI startup founded by two Sri Lankan engineers, has been accepted into Y Combinator, the prestigious Silicon Valley startup accelerator known for backing companies such as Airbnb, Dropbox, Stripe and Reddit. Logical is believed to be the first fully Sri Lankan founding team to be accepted into Y Combinator. The company has also…
As Vietjet prepares to launch direct flights between Colombo and Ho Chi Minh City, the airline’s people-first culture is earning fresh international recognition. Vietjet has been named again as one of the Best Companies to Work For in Asia at the HR Asia Awards 2026, marking its sixth consecutive year on the list, and has…
Exceptional international and Sri Lankan leaders to examine how boards must move from compliance to sustainable growth The world is changing faster than ever before, and the responsibility placed on corporate boards has never been greater. Artificial intelligence is reshaping industries. Cybersecurity threats continue to escalate. Geopolitical uncertainty, economic volatility and supply chain disruptions are…
The fourth annual Zero Chance ‘Norewatemu Nowaradimu’ art and essay competition culminated in a grand awards ceremony on July 11, 2026, at the Bandaranaike Memorial International Conference Hall (BMICH). The event celebrates the creative achievements of Sri Lankan students while underscoring a vital message: attempting to reach Australia by boat is an unwise and dangerous…
Janathakshan GTE Ltd, with funding support from The Coca-Cola Foundation, has successfully concluded the project “Strengthening Women and Youth Engagement in Informal Waste Management in Sri Lanka (SWYFT)”. Running from August 2024 to May 2026 across the Kandy, Nuwara Eliya, Matale, and Kurunegala districts, this multi-district initiative significantly strengthened plastic waste management systems and championed…
Signature, Sri Lanka’s most admired menswear brand, has taken another significant step in its retail expansion with the opening of its newest showroom in Gampaha. Located at 128/1, Colombo Road, Gampaha, this new branch marks a milestone as the brand’s 11th showroom, further strengthening its retail footprint across Sri Lanka. The grand opening ceremony was…
Reinforcing its commitment to powering Sri Lanka’s digital economy through innovative connectivity solutions, SLT‑MOBITEL Mobile has partnered with HelaGo, the country’s emerging ride‑hailing platform, to introduce exclusive mobile packages designed to enhance the connectivity needs of HelaGo drivers nationwide. The collaboration was formalised at an event held recently at the Mobitel Headquarters in the presence…
ITC Ratnadipa introduces Rūhāniyat, an Indian heritage dining experience that invites diners to discover the soulfulness woven into generations of culinary traditions. Open from 10 July to 16 August at Level 2, ITC Ratnadipa, Colombo, this pop-up restaurant brings together some of India’s most cherished regional recipes and iconic classics through a thoughtfully curated à…
Top News
The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC), will host investor forums in Monaragala and Batticaloa this week as part of an ongoing island-wide initiative to broaden investor participation following successful forums held in Colombo earlier this month. The investor forums will be held in Monaragala…
The National System Operator (Pvt) Ltd (NSO), operating under Sri Lanka’s Ministry of Energy, has launched an International Competitive Bidding (ICB) process for the establishment of a 250 MW/1000 MWh Standalone Battery Energy Storage System (BESS), one of the largest grid-connected storage procurements the country has undertaken to date. Under the tender, reference number TR/REP&PM/ICB/2026/001/C,…
Sri Lanka’s luxury tourism was promoted at the International Luxury Travel Market (ILTM) Asia Pacific 2026, held from 29 June to 2 July 2026 at Marina Bay Sands, Singapore. ILTM Asia Pacific brings together luxury travel advisors, tour operators, destinations, hotels and tourism organisations from around the world through a programme of pre-scheduled business appointments…
BPPL Holdings PLC (BPPL) has announced a significant strategic move to consolidate its position in the industrial brush-ware market. Through its wholly owned subsidiary, Beira Brush (Private) Limited, the group has entered into a Business Transfer Agreement (BTA) to acquire the customer base and intellectual property of Ravi Industries Limited (RIL). The transaction, which was…
A pre-Budget discussion to review the progress of projects implemented under the 2026 Budget allocations for the Ministry of Industry and Entrepreneurship Development and to discuss proposals for the 2027 Budget was held under the patronage of President Anura Kumara Dissanayake at the Presidential Secretariat yesterday (13) afternoon. The progress of projects implemented by each…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced that customers can now make secure and convenient digital payments using Dialog Pay at all Keells supermarkets nationwide. As one of Sri Lanka’s leading supermarket chains with 150 stores across the island, Keells becomes one of the first major retail partners in the Dialog Pay merchant…
John Keells CG Auto (JKCG Auto), the authorised distributor of BYD and Denza in Sri Lanka, has launched a strategic partnership with Green EV on 26th June 2026 to significantly expand the charging infrastructure available to its customers across the island. The collaboration, formalised through a Memorandum of Understanding (MOU), marks a pivotal step in…
Reuters – Oil prices rose 2% on Tuesday to their highest in four weeks, as the U.S. reimposed its naval blockade of Iran while the two countries stepped up attacks in the Strait of Hormuz, heightening uncertainty about energy flows. Brent crude futures climbed $1.68, or 2%, to $84.98 per barrel by 0051 GMT, while…
Analysis
By Prof. Samitha Hettige The plot of US TV series ‘Prison Break’ was about a man wrongly sentenced to death & how his brother plans to get imprisoned in the same prison to break them both out. Critiques highlight clever plots & intense drama capturing the essence of a high stakes escape (Ref. Media). After…
Developing Asia remained the world’s largest destination for foreign direct investment (FDI) among developing regions in 2025. But the region’s significance increasingly lies not only in the volume of investment it attracts, but also where within the region that investment is going. That shift matters for development because FDI can help economies move into higher-value…
The Price Index for New Condominiums in the Colombo District reached 284.4 in the first quarter of 2026, marking a significant year-on-year increase of 18.5 percent. Despite this price appreciation, the Condominium Property Sales Volume Index experienced a year-on-year decrease of 15.2 percent, indicating a slowdown in market activity across Colombo and other major cities….
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