Sri Lanka’s export sector continued to demonstrate resilience and sustained growth, with the country’s total exports surpassing the US$ 9 billion milestone during the first half of 2026. Combined merchandise and services exports reached an estimated US$ 9,012.24 Mn during the January–June 2026 period, representing an 8% year-on-year increase compared to the corresponding period in…
Sri Lanka is set to benefit from a major boost to helicopter pilot training in South Asia, as Indocopters Private Limited will establish the region’s first virtual reality (VR)-based Airbus H125 full-motion flight simulator in India. The new training facility, announced by Loft Dynamics, will support operators across South Asia—including Sri Lanka—by expanding access to…
The Colombo Stock Exchange (CSE), together with the Securities and Exchange Commission of Sri Lanka (SEC) has launched its ‘A Share for Everyone, A Unit for Everyone’ (Samata Kotasak, Samata Ekakayak) initiative at the investor forums in Monaragala and Batticaloa last week as part of an ongoing island-wide initiative to broaden investor participation. The forums…
Hayleys Agriculture Holdings Limited marks another milestone with the opening of Hayleys Nature Nest (Pvt) Ltd Sri Lanka’s first of its kind Frozen Concentrated Coconut Water Manufacturing Facility. This state-of-the-art facility represents another significant step in our journey to create greater value from Sri Lanka’s rich agricultural resources. By transforming locally sourced coconut water into…
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 8.75%. The Board arrived at this decision after carefully considering the evolving conditions and outlook on the domestic and global fronts. Renewed tensions in the Middle East have resulted in a surge in…
Reuters – Stocks jumped at the start of trading in Asia on Wednesday as investors took cues from a rebound in U.S. markets, shrugging off climbing oil prices as Houthi rebels threatened to open a front in the widening Middle East conflict. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.2% as South Korea’s…
Reuters – Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones. Brent crude futures rose 0.55%, or 50 cents, to $91.51 after markets opened on Wednesday,…
Reuters – India’s GDP growth in 2026/27 faces key downside risks from a widening war in the Middle East that is driving up oil prices and a monsoon weakened by the El Nino weather effect, an International Monetary Fund official said. Asia’s third-largest economy imports almost 80% of its oil needs, making it vulnerable to…
The Colombo Stock Exchange (CSE) extended its losing streak for a third straight session today (21), with the All Share Price Index (ASPI) closing lower. Despite the decline, market turnover surged to its highest level in recent trading sessions, driven by a series of large crossings in Cargills (Ceylon) PLC shares. Total market turnover reached…
Sri Lanka’s headline inflation, as measured by the National Consumer Price Index (NCPI), accelerated to 6.5% on a year-on-year basis in June 2026. This represents a significant jump from the 5.4% recorded in May, continuing a steady upward trend that began in early 2026. According to the latest data from the Department of Census and…
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