Citrus Leisure PLC recently announced the appointment of Nirekshe Perera as Group Chief Executive Officer – Designate, effective 1st September 2026. Nirekshe is a seasoned hospitality executive with over 25 years of leadership experience spanning luxury hotels, integrated leisure complexes, large-scale MICE operations and banking CRM. His career includes leadership roles across prominent local and…
Classic Destinations (Pvt) Ltd hosted a delegation of approximately 30 leading travel agents from the Punjab Travel Agents Association (PTAA) of India for a familiarization programme across Sri Lanka. The visiting Indian delegation traveled to experience Sri Lanka firsthand, explore key tourism products and properties, and establish future business partnerships. During their stay on the…
Reuters – Oil prices slipped on Friday but were still up more than 7% for the week and U.S. diesel prices hit a record high as attacks along key Middle East shipping routes stoked prolonged supply disruption fears. Brent crude futures were down $3.75, or 3.48%, to $103.88 a barrel at 1012 GMT. U.S. West…
Reuters – Microsoft plans to build out its data-center capacity to about 38 gigawatts by 2032, more than triple its current footprint, Bloomberg News reported on Thursday, citing people familiar with the matter. Here are some details: According to the report only about 2 gigawatts of the company’s current 12-gigawatt capacity is centered on AI-specific chips,…
The Sri Lanka–Indonesia Business Council of The Ceylon Chamber of Commerce held its 3rd Annual General Meeting recently, bringing together Council members and key stakeholders to review the Council’s activities and priorities for the year ahead. The AGM was graced by Her Excellency Dewi Gustina Tobing, Ambassador of Indonesia to Sri Lanka and Patron of…
Sampath Bank PLC announced the appointment of Mr. Dilip de S Wijeyeratne as Deputy Chairman, effective 10th September 2026, further strengthening the Bank’s leadership as it advances its strategic priorities and continues to evolve as a purpose-led, technology-enabled financial institution. Mr. Wijeyeratne brings extensive experience across banking, finance, risk management and compliance, investment banking and…
The Ceylon Motor Traders’ Association (CMTA), established in 1919 is the most senior automotive association in Sri Lanka affiliated with the Ceylon Chamber of Commerce, is calling for greater consistency, transparency and fairness in the policies governing the country’s automotive sector, stressing that a sustainable vehicle import framework must ensure a level playing field across…
Reuters – Global bond yields spiked to new highs and sharemarkets slumped on Friday as soaring oil prices inflamed inflation risks, sending investors scrambling to price in more policy tightening from central banks across the globe. Brent crude climbed to a four-month high of $109.97 a barrel on Friday after a 6% overnight jump, capping…
Speaking at the opening of the inaugural Reserve Management Conference 2026 in Colombo, Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe warned that geopolitical fragmentation, sanctions, and trade tensions have fundamentally changed the environment for central banks, requiring reserve managers to prioritize liquidity and buffer adequacy over investment returns. Reflecting on Sri Lanka’s…
Sri Lanka Export Development Board (SLEDB) in collaboration with University of Kelaniya organized a seminar and a mini innovation exhibition for the Sri Lankan Electronic and Electrical sector exporters and manufacturers on 03rd September 2026 at the University of Kelaniya. This was organized with the assistance of Centre for Technology Transfer and Industry Linkage (CTTIL),…
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