Lead Story
A business meeting between the Karachi Chamber of Commerce and Industry (KCCI) delegation and the Sri Lanka Export Development Board (EDB) was successfully held on 6th May 2026 at the EDB premises in Colombo, reaffirming the longstanding economic ties between Sri Lanka and Pakistan. The meeting was headed by Mr. Mangala Wijesinghe, Chairman and Chief…
Featured
Tokyo Cement Group, in collaboration with the Mahaweli Authority, launched the 2026 tree-planting season of the Ivuru Rakina Pawuru project near the Polgolla Dam in Kandy, joined by members of the touring New Zealand Under-85kg rugby team. The event reflected the sustained commitment to restoring and safeguarding the banks of the Mahaweli River, gaining international…
Binance today announced the launch of “Withdraw Protection,” a new user-centric security feature that gives users greater control over the safety of their digital assets. As part of Binance’s ongoing commitment to proactive user protection and education, the new feature adds an extra layer of account security that users can activate at any time. Withdraw…
HNB PLC, has entered into a strategic partnership with George Steuart Solution Pvt Ltd, to expand access to solar energy solutions across Sri Lanka. Formalised through a Memorandum of Understanding, the collaboration focuses on supporting both domestic and Commercial and Industrial segments that obtain financing through HNB. The partnership highlights a shared commitment to promote…
Associated Motorways (Private) Limited (AMW) has entered into a strategic partnership with Orient Insurance to enhance aftersales value for customers through the introduction of an extended warranty programme for Suzuki vehicles in Sri Lanka. Formalized through a Memorandum of Understanding, the collaboration enables customers purchasing Suzuki vehicles through AMW to benefit from an upgraded warranty…
Early adoption across Sri Lanka, India, Nepal and Bangladesh suggests younger users are prioritising trust, dignity and control in the AI and deepfake era Sri Lanka is joining a wider shift in how young South Asians choose digital spaces. ZKTOR, Softa Technologies’ privacy-led Indian social platform, has crossed half millions+ beta users across India, Nepal,…
Janashakthi Life, a leading name in the insurance industry and a flagship brand of JXG (Janashakthi Group), conducted Shilpashakthi, an educational initiative supporting over 5,000 Grade 5 Scholarship students with academic guidance in collaboration with educator Bharatha Lankage. The programme also recognised five students through a raffle draw, awarding tablets and a special double-decker city…
Hilton Colombo presents ‘Seoulful Flavors at Graze,’ a 10-day culinary showcase at Graze Kitchen, celebrating the richness and diversity of South Korean cuisine. Conducted in collaboration with Conrad Seoul, this exclusive experience, taking place from 14 to 23 May 2026, will demonstrate authentic South Korean delicacies and enticing umami flavors in a culturally inspired dining…
Cinnamon Life at City of Dreams continues to shape Colombo’s dining landscape this May with a curated selection of experiences across its signature venues. Blending seasonal moments with immersive culinary concepts, the month’s line-up offers guests a range of ways to dine, gather, and celebrate. At Bistro Des Marées, on level 23, the Mothers’ Day…
At a time when global migration pathways are becoming increasingly complex and restrictive, the International Institute of Health Sciences (IIHS), in partnership with Akutagawa HRM Company, has introduced a structured and employment-driven programme aimed at enabling Sri Lankan youth to access career opportunities in Japan’s healthcare sector. The Japanese Care Professional Programme offers a clear…
360 Skin Clinic & 360 Aesthetics has achieved a significant milestone in its journey of clinical excellence and service innovation after being awarded the prestigious ISO 9001:2015 / SLS ISO 9001:2015 certification, reinforcing its position as one of Sri Lanka’s leading providers of cosmetic, aesthetic and wellness care. Issued by the Sri Lanka Standards Institution…
Top News
Emirates remains the world’s most profitable airline The Emirates Group today released its 2025-26 Annual Report, achieving new record profit, revenue, and cash balance levels, despite a disruptive and challenging 12th month in its financial year. Emirates is the world’s most profitable airline in the 2025-26 reporting period. For the financial year ended 31 March 2026, the Emirates…
The US Dollar surged past the Rs. 320 threshold against the Sri Lankan Rupee today (07), marking the first time it has done so since January 23, 2024. According to market data, the mid-rate of the dollar stood at Rs. 320.45 today. The buying rate was recorded at Rs. 317.26, while the selling rate reached…
The Federation of Renewable Energy Developers (FRED), the apex body of renewable energy developers in Sri Lanka and an associate of the Ceylon Chamber of Commerce, warns that unless the Government steps in to resolve the financial crisis the industry is in due to the payment defaults by the National System Operator (Pvt) Limited (NSO),…
Reuters – Asian stocks soared to record highs on Thursday while the U.S. dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of Hormuz remains unresolved. Japan’s Nikkei returned from a long holiday to cross 62,000 for the first time,…
Reuters – China is remaking its Belt and Road for a more hostile world. Smaller projects, greater use of equity and an emphasis on compatible standards pushed deals linked to the initiative to a record $213 billion in 2025, according to research by Australia’s Griffith University and the Green Finance & Development Center (GFDC) in Shanghai….
The Colombo Stock Exchange (CSE) experienced a positive trading session today (06), with both major indices ending in positive territory. The All Share Price Index (ASPI) rose by 155.47 points (0.69%) to close at 22,739.77. Similarly, the S&P Sri Lanka 20 Index edged up by 31.89 points (0.51%), finishing the day at 6,245.13. The gain in…
Sri Lanka’s rupee continued to depreciate against the US dollar, with the selling rate climbing above Rs. 324 for the first time in over two years. AToday (06), the buying rate of the US dollar stood at Rs. 316.40, while the selling rate rose to Rs. 324.03. This is the first time the selling rate…
The Global Innovation & Leadership Summit, organized by Zee Media and WION International Media Network, was held last week at the Cinnamon Grand Colombo, bringing together distinguished leaders, policymakers, and business visionaries from Sri Lanka and India. The summit celebrated the achievements of selected Indian business leaders, recognizing their contributions to innovation and entrepreneurship while…
Analysis
Economic sentiment plummets as uncertainty clouds the broader outlook Confidence in the economy took a sharp hit in April as the corporate community signalled a negative outlook – likely influenced by geopolitical tensions involving the US, Israel and Iran, and the broader instability in the Middle East. And indeed, the ripple effects are being felt…
Sri Lanka’s external current account recorded a marginal surplus in March 2026, bringing the total cumulative surplus for the first quarter of the year to USD 531 million. Despite this overall positive balance, the period was marked by significant volatility driven by the ongoing war in the Middle East, which has simultaneously driven up fuel…
By Dilani Hirimuthugodage Geographical Indications (GI) can unlock higher export earnings by leveraging origin‑based values in tea, spices, and other agricultural products. GIs enhance global recognition, secure premium prices, and access niche markets through branding and value addition. Targeted GI reforms are essential to build a more resilient, value‑driven export economy. With Sri Lanka’s export…
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