Lead Story
A visiting delegation from the International Monetary Fund (IMF) met with President Anura Kumara Dissanayake at the Presidential Secretariat today (02) to discuss Sri Lanka’s ongoing economic reform programme and progress under the IMF-supported Extended Fund Facility. During the discussions, attention was drawn to the current status of Sri Lanka in relation to the fifth…
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McLarens Maritime Academy (MMA), a leading approved Maritime Training Institute in Sri Lanka, held their Convocation of 2025 at BMICH. It was a well-attended event to recognize the achievements of future seafarers who successfully completed their training programs who are preparing to enter the global maritime industry. Mr. Asanga Deshapriya, Director General of Merchant Shipping…
Sampath Bank ushers in the spirit of Avurudu with the return of its much-anticipated SampathCards seasonal campaign, bringing together exceptional savings and memorable experiences for cardholders across the island. Continuing through to 30th April 2026, this year’s campaign invites customers to ‘Swipe a Memory for Life,’ offering discounts of up to 60% at a wide…
Receives ‘Distinguished Recognition in the Profession of Management Accounting’ award for excellence in management accounting and financial stewardship The Executive Chairman of Ceylinco Life Insurance Ltd., Mr R. Renganathan, has been conferred the prestigious ‘Distinguished Recognition in the Profession of Management Accounting’ award by the Institute of Certified Management Accountants (CMA) of Sri Lanka, in…
LVIA (Luxury Villas in Asia), a subsidiary of Nyne Hotels, is rapidly establishing itself as a leading integrated commercial solutions provider for Sri Lanka’s boutique hospitality sector, combining sales, reservations, and e-commerce into a single, streamlined platform. Backed by over two decades of expertise in the hospitality industry, LVIA is addressing a critical gap in…
Corzent, a Sri Lanka and Dubai–based technology firm, has been named ‘Best ICT Startup Organization’ at the 9th South Asian Business Excellence Awards, held on 27 November in Colombo. One of the region’s most competitive business recognition platforms spanning five countries, the awards celebrate excellence in business innovation and leadership across India, Pakistan, Bangladesh, Nepal,…
Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited, has officially opened its Kaiyi Flagship Store at No. 75 Arnold Ratnayake Mawatha, Colombo 10, offering customers a new, conveniently located destination to explore next generation mobility solutions. The store is designed to deliver a seamless customer journey, from vehicle exploration and test drives to…
Shirantha Peries, a respected businessman, sports administrator, and current Vice President of the National Olympic Committee of Sri Lanka, has officially announced his candidacy for President of the National Olympic Commitee,, presenting a clear and practical mandate to strengthen governance, unify federations, and elevate Sri Lanka’s sporting performance on the international stage. With over four…
Lankem Ceylon PLC has unveiled ‘මඩ රජා’ (Mada Raja), Sri Lanka’s first locally manufactured Single Super Phosphate (SSP) fertilizer, marking a significant milestone in strengthening national agricultural self-sufficiency and reducing reliance on imported fertilizers. Manufactured by Lankem Minerals Ltd, a fully owned subsidiary of Lankem Ceylon PLC, the product is manufactured at the state-of-the-art facility…
Morison, formerly J.L. Morison Son & Jones (Ceylon) PLC, a pioneer in pharmaceutical manufacturing since 1959, and now a trusted subsidiary of Hemas Holdings, continues to shape the future of healthcare in Sri Lanka, by advancing local pharmaceutical manufacturing with quality and affordability, while building future-ready human capital to take the industry forward. In conversation,…
Assetline Insurance Brokers (Private) Limited (AIBL), a subsidiary of the David Pieris Group of Companies, recently announced a strategic partnership with Life Vision Credit & Investment (Pvt) Ltd (LVC). Under this new agreement, AIBL will serve as the exclusive insurance service provider, managing the comprehensive insurance portfolio of Life Vision Credit & Investment (Pvt) Ltd….
Top News
Support from the EU-Funded JURE Project Introduces Transparency to the Appointment of Key Justice Sector Roles The Ministry of Justice and National Integration today officially launched its new Management Information System (MIS) and revamped website, marking a significant milestone in ongoing efforts to modernize Sri Lanka’s justice sector and strengthen institutional efficiency, transparency, and accountability….
The Sri Lanka Export Development Board (EDB) recently convened a high-level meeting between the Ceylon Petroleum Corporation (CPC) and a broad cross-section of Sri Lanka’s export industry to discuss the current fuel distribution mechanism and its impact on the export sector. Held at the CPC Head Office, the meeting was convened at the initiative of…
Joint Statement by the Heads of the International Energy Agency, International Monetary Fund, and World Bank Group The Heads of the International Energy Agency, International Monetary Fund, and World Bank Group have agreed to form a coordination group to maximize their institutions’ response to the energy and economic impacts of the war in the Middle…
Agoda’s Top Picks for Thrilling Jungle Safari Adventures in Asia Digital travel platform Agoda has identified a selection of jungle safari destinations across Asia, where diverse wildlife and breathtaking landscapes await. With a growing interest in nature-based travel, jungle safaris offer unique opportunities to explore the rich biodiversity and natural beauty of Asia’s forests and national…
The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, recorded a value of 70.3 in February 2026. This indicates continued expansion in construction activities, albeit at a slower pace compared to the significantly higher level observed in the previous month. Most firms reported favourable industry conditions…
Reuters – Gold prices reversed course to slip more than 1% on Thursday, snapping a four-day winning streak, after U.S. President Donald Trump said the United States would continue the war in Iran over the coming weeks. Spot gold fell 1.3% at $4,694.48 per ounce by 0202 GMT, while U.S. gold futures slid 1.9% to…
Reuters – Markets recoiled on Thursday as war jitters over Iran deepened, with stocks sliding, oil surging and the dollar firming after U.S. President Donald Trump dashed hopes for clarity on when the Middle East conflict might end. Trump said in a prime-time address that the U.S. would hit Iran “extremely hard” within weeks, claiming…
Liberty Lands & Developments (LLD) has acquired the remaining shares of Scope Cinemas, securing full ownership of the cinema chain as part of its broader group restructuring and long-term strategic direction. The acquisition marks a significant step in LLD’s efforts to consolidate its entertainment portfolio and strengthen its commitment to delivering world-class cinema experiences, while…
Analysis
Energy prices, supply chains, and financial markets are the main transmission channels, but the regional effects will vary significantly Tobias Adrian, Jihad Azour, Nigel Chalk, Pierre-Olivier Gourinchas, Alfred Kammer, Abebe Aemro Selassie, Krishna Srinivasan, Rodrigo Valdés The world faces yet another shock. The war in the Middle East is upending lives and livelihoods in the region and beyond. It is also dimming…
Business Sentiment – Geopolitics Clouds BIZ Confidence March brought a wave of challenges that spilled over from extreme tensions in the Middle East into Sri Lankan waters, raising concerns about the island’s economic outlook and hinting at potential difficulties in the months ahead. The ripple effect of escalating tensions between the US-Israel combine and Iran –…
By Prof. Samitha Hettige Finance Minister J.R. Jayawardena (JRJ) (1906 – 1996) was 45 years old when he proposed to pardon Japan at the 1951 San Francisco Peace Conference. Even he wouldn’t have imagined that Japan would reciprocate the honour with the Sri Jayawardenepura General Hospital (SJGH) with 1001 beds 27 years later. At the…
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