Lead Story
A high-level discussion was held today (October 05) at the GovTech premises between (Eng.) Eranga Weeraratne, Deputy Minister of Digital Economy, and a visiting delegation from the Government of India to address current cybersecurity challenges facing Sri Lanka’s government systems and to deepen bilateral digital cooperation. The Indian delegation comprised Dr. Sanjay Bahl, Director General…
Featured
LankaPropertyWeb has set a new benchmark for Sri Lanka’s real estate industry, becoming the first and only real estate company to win an award at the National AI Awards 2026. The company secured the silver award for ‘Best AI Solution’ in the Media category for AMPLIFIER – a groundbreaking marketing engine that automatically transforms static…
One Galle Face, a premier mixed-use development in Colombo, has partnered with the Indira Cancer Trust (ICT) and Make-A-Wish Sri Lanka to create meaningful and memorable “Wish Experiences” for children with critical illnesses in line with Children’s Day. As a leading lifestyle and retail destination, One Galle Face recognizes the importance of creating experiences that…
HNB PLC has renewed the partnership with Toyota Lanka Private Limited to offer a comprehensive leasing scheme designed to make Toyota vehicles and equipment more accessible to customers across Sri Lanka. The partnership covers Toyota passenger vehicles, Lite Ace trucks, Lite Ace vans, Toyota Forklifts, Toyota Hino commercial vehicles and other Toyota brands, bringing together…
With Five-Day Talent Shortlists and Six-Month Guarantee Solutions Ground Pvt. Ltd., an international boutique business consultancy providing executive search, leadership coaching and mentoring, business strategy and corporate advisory services, is strengthening its C-Suite Executive Search and Headhunting offering with a model designed to give organizations greater speed, discretion and accountability when recruiting senior leadership talent…
SLIC Life provides free Life Cover worth Rs. 1 million for parents of every child being born on 1st October 2026 island-wide The programme was carried out island-wide, covering all hospitals on 1st October 2026, taking the message of Life insurance reinforcing the importance of financial protection for families from the very beginning In celebration…
Forget the computer lab of old: rows of machines, humming quietly, waiting for someone to switch them on.At Vidyartha College Kandy, the classroom has been given a distinctly more contemporary makeover. Techzone Kandy and Lenovo have launched a new computer laboratory featuring 10 Lenovo All-in-One PCs, a 75-inch TECHNO VIEW AI Interactive Panel with AI Camera, and…
In line with ‘National Children’s Week – 2026’ operative from September 25th to October 1st, 2006, John Keells Foundation (JKF), in partnership with John Keells Properties, conducted a parental awareness programme under its community empowerment initiative John Keells Praja Shakthi in Colombo 2. The programme, which was held under the theme `Nurturing with Love –…
Sri Lankan fight promotion turns a homegrown fight night into a cross-border sports entertainment business Karma Fight League (KFL), Sri Lanka’s largest combat sports property, is taking its business beyond the island. The league will roll out Road to KFL (RKFL), its amateur qualifying series, in India, Pakistan and Nepal in November and December 2026….
On Children’s Day, Multilac marked the completion of facility improvements at the Colombo Municipal Council Day Care Centre through a corporate social responsibility initiative undertaken with the Council. The project enhanced the centre’s facilities, providing a safer, more comfortable and child-friendly environment. Multilac donated essential items supporting the children’s comfort, hygiene, safety and recreational needs,…
SLIIT researchers have developed an advanced artificial intelligence framework that improves power forecasting in biomass-fuelled steam turbines. This innovation offers industries a more practical way to reduce energy waste, lower operating costs and strengthen sustainable energy management. The study, published in Energy Conversion and Management, a Top 2% Elsevier journal, focuses on biomass energy use…
Top News
Reuters – AkzoNobel said on Monday it has agreed to sell its Southeast Asian decorative paints business to Nippon Paint for $1.35 billion, completing a review of its Asian decorative paints portfolio. The sale covers decorative paints operations in Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea and Australia, the Dutch paints maker said, adding…
Mr. Mangala Wijesinghe, Chairman and Chief Executive Officer of the Export Development Board (EDB), together with the Director General and a team of senior officials, recently met with Hon. Hanif Yusoof the Governor of the Western Province at the Governor’s Office in Battaramulla to discuss strategies for enhancing Sri Lanka’s export performance, attracting investments, and…
A special discussion on Sri Lanka’s development plans for the 2026 – 2029 period, with the Asian Development Bank (ADB) as a key development partner, was held recently at the Presidential Secretariat, co-chaired by Secretary to the President Dr Nandika Sanath Kumanayake and ADB Country Director for Sri Lanka Ms Shannon Cowlin. The discussion was…
Senior business leaders, economists and international development experts, alongside the Prime Minister of Sri Lanka, will headline the Sri Lanka Economic & Investment Summit 2026, organised by The Ceylon Chamber of Commerce on 12 and 13 October 2026 at the Shangri-La Colombo. The Summit will open with a keynote address by Mr T. Krishnakumar, Chief…
Sri Lanka Tourism successfully participated in JATA Tourism Expo 2026, one of Japan’s largest international tourism exhibitions, held from 24th to 27th September 2026 at Tokyo Big Sight, Tokyo, Japan, in collaboration with the Embassy of Sri Lanka in Japan. Sri Lanka Tourism participated in the exhibition together with Sri Lankan Airlines and 22 Sri…
2026 YTD volume reaches 574,196 TEUs as port advances major capacity expansion towards two million TEUs Hambantota International Port (HIP) has surpassed one million TEUs in cumulative container throughput since the commissioning of new quay cranes in 2025, marking a significant milestone in the rapid growth of its container operations. The port handled 428,036 TEUs…
Fitch Ratings: Fitch Ratings expects Sri Lanka’s Islamic finance industry to grow over the medium term, supported by regulatory progress, rising political will, and expanding conventional-bank participation through Islamic windows. Sri Lanka’s Islamic finance industry exceeded USD1 billion at end-1H26. Sri Lanka has one of the highest Islamic finance penetration rates among countries with Muslim-minority populations….
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a…
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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