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President Anura Kumara Dissanayake has held discussions with the representatives of the International Monetary Fund (IMF) this morning (07) at the Presidential Secretariat. The discussions were centred on the preliminary review associated with the fourth tranche of Sri Lanka’s Extended Fund Facility (EFF) arrangement with the IMF, the President’s Media Division (PMD) said in a…
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Bristo Products, a trusted name in Sri Lanka’s cookware industry, has been honoured with the Best National Industry Brand award (Small Scale) in the Other Industry Sector at the National Industry Brand Excellence Awards 2024. Organised by the Industrial Development Board under the Ministry of Industries, the award ceremony took place at Eagle’s Lakeside in…
Cecrafto Pvt. Ltd., a Sri Lankan food and beverage company known for its handcrafted kombucha drinks, was honoured with the Best National Industry Brand (Small Scale) in the Tea, Value-Added Tea, and Related Industry Sector at the National Industry Brand Excellence Awards 2024. The event, organised by the Industrial Development Board under the Ministry of…
Metropolitan Technologies (Pvt) Ltd., the sole authorized distributor for Canon in Sri Lanka, proudly celebrates Canon Inc.’s remarkable achievement in the world of Imaging. Canon’s interchangeable-lens digital cameras, both DSLR and mirrorless, have maintained the No. 1 global market share for an unprecedented 22 consecutive years, from 2003 to 2024. This milestone reaffirms Canon’s legacy…
SunRasa International Private Limited, a well-known snacks and confectionery manufacturer in the country, was recently honoured with the Jury Merit Award in the Special Awards Category (Small Scale) at the National Industry Brand Excellence Awards 2024. Organised by the Industrial Development Board under the Ministry of Industries, the award ceremony took place in Colombo, where…
DFCC Bank PLC successfully conducted its 69th Annual General Meeting (AGM) at the Bank’s Head Office Auditorium. The event brought together Shareholders, the Board of Directors, senior management, and key stakeholders to review the Bank’s financial and strategic progress over the past year. During the AGM, DFCC Bank presented its strong financial performance, strategic achievements,…
Emirates boarding pass unlocks offers at Aquaventure, The View at The Palm, La Perle and many other huge attractions Emirates has revealed that for the first time ever, My Emirates Pass will be available all year round, giving passengers access to over 600 exclusive offers across Dubai. In addition to the year-round benefits, Emirates will…
The CFA Society Sri Lanka has announced that its signature event, the annual CFA Society Sri Lanka Capital Market Awards, now in its 12th year, is scheduled to be held on Tuesday, 24 June 2025, at ‘Cinnamon Life at City of Dreams’. With a firm purpose of recognizing and rewarding excellence in the local capital…
McLarens group recently hosted the 3M-McLarens Occupational Health and Safety Symposium 2025, marking a historic milestone in Sri Lanka’s commitment to workplace safety. The private sector-led initiative brought together over 300 participants from more than 100 companies across diverse industries, under scoring the need for advanced standards of safety at the workplace. The symposium served…
NDB Bank is proud to continue its partnership with Trinity College Rugby for the fourth consecutive year, this time as the Official Banking Partner for the 2025 Schools Rugby Season. Announced at a press conference held recently, this collaboration underscores NDB’s continued commitment to Sri Lanka’s sporting excellence and the development of young athletes. Speaking…
Sampath Bank is once again setting the stage for an extraordinary Avurudu shopping season with its much-anticipated SampathCards seasonal campaign, running until 30th April 2025. Designed to add even more joy to the Sinhala and Tamil New Year celebrations, this year’s campaign offers Sampath Credit and Debit Cardholders discounts of up to 60% at an…
Top News
A Landmark Achievement in India–Sri Lanka Maritime Partnership The first fully automated terminal in Colombo Port is now operational, setting new standards in reliability and performance. The Colombo West International Terminal (CWIT) will significantly enhance Colombo Port’s capacity and ease congestion, boosting overall efficiency. The CWIT project is expected to generate employment and contribute meaningfully…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) plunged by more than 700 points on Monday (07), dropping below the 15,000-point threshold. The ASPI closed at 14,660.45, down 712.9 points or 4.64% from the previous trading session. Meanwhile, the S&P SL20 index fell sharply by 264.57 points or 5.84%, ending the…
The publication under Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023 (CBA), namely, the Annual Economic Review 2024, was presented to His Excellency Anura Kumara Dissanayake, the President and the Minister of Finance, Planning and Economic Development, by Dr. P Nandalal Weerasinghe, the Governor of the Central Bank of…
Sri Lanka’s Economic Recovery Gains Momentum The Central Bank of Sri Lanka today (07) presented its flagship publication, the Annual Economic Review for 2024 (AER 2024), to President and Minister of Finance, Anura Kumara Dissanayake, highlighting the steady progress of Sri Lanka’s economic recovery following the country’s most severe downturn in recent history. The report…
In a strategic move to promote cashless transactions, HNB has announced the elimination of Merchant Discount Rates (MDR) for LANKAQR transactions among HNB appointed merchants who are enabled to accept LANKAQR payments. This initiative aims to make digital payments more accessible and cost-effective for businesses across Sri Lanka. Taking a leap into digitalizing the retail…
Regular trading at the Colombo Stock Exchange has been temporarily halted due to the S&P SL20 index dropping over 5 per cent from the previous close. The market has been halted for 30 minutes, the CSE said. Accordingly, the market was halted for sixteen minutes from 9.51 a.m. to 10.07 a.m. and the CSE conducted…
Reuters – Major stock indexes plunged in Asia on Monday as White House officials showed no sign of backing away from their sweeping tariff plans, and investors wagered the mounting risk of recession could see U.S. interest rates cut as early as May. Futures markets moved swiftly to price in almost five quarter-point cuts in U.S. rates…
MillenniumIT ESP, a leading technology solutions provider, has announced its expansion into the Australian market, marking its fifth international location. This strategic move strengthens the company’s global footprint and reinforces its commitment to delivering cutting-edge IT solutions across diverse industries. By establishing a strong presence in Australia, MillenniumIT ESP aims to accelerate digital transformation and…
Analysis
Business Sentiment: Post-Budget Dip in Confide The IMF recently approved the highly anticipated disbursement of US$ 334 million – the fourth tranche under its Extended Fund Facility (EFF). Following the review, its Managing Director Kristalina Georgieva emphasised the importance of maintaining the reform agenda to decisively guide Sri Lanka towards sustainable and inclusive growth. In…
Total exports, including both merchandise and services, reached at US$ 1,382.53 Mn in February 2025, marking a notable 4.62% year-on- year growth compared to February 2024. Additionally, exports recorded a 2.58% month-on-month increase compared to January 2025. According to provisional data from Sri Lanka Customs and estimated figures for Gems & Jewellery and Petroleum Products,…
The Effects of GSP+ Withdrawal on Sri Lanka’s Exports and Labour Force Growing uncertainties on the future of global trade as President Trump seeks to impose reciprocal tariffs make programmes such as the European Union’s Generalised Scheme of Preferences Plus (GSP+) more significant for small exporters such as Sri Lanka. With a reported visit by…
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