Sri Lanka could develop gemstones into a strategic foreign exchange asset by establishing a national gem reserve similar to its dollar and gold reserves, while using the initiative to expand imports, value addition and exports, according to Sri Lanka Miners and Dealers Association Director Dr. Sanjeewa Fonseka. Dr. Fonseka, who is also Chairman of Ceylon […]
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A team from the International Monetary Fund will be in Sri Lanka from September 10 to 23 for the 7th review of its program, Mission Chief Evan Papageorgiou said in a statement. The 2026 Article IV Consultations will also be held at the same time. “The IMF team will communicate its findings at the end […]
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Reaffirming its commitment to leading the nation toward a sustainable digital economy, the Commercial Bank of Ceylon has taken its digital payments drive to Jaffna, undertaking its most extensive single-region merchant canvassing exercise to date in support of the Central Bank of Sri Lanka’s (CBSL) national digital payments promotional programme. The initiative, conducted as part […]
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Delivering on its commitment to secure the future of all Sri Lankans, Cargills Bank introduced its new ‘Junior Kotipathi’ Investment Savings Account. The product was officially unveiled during a special launch event on August 22 at the Funcity area in Excel World, where the bank’s customers were invited to experience the new offering. A future-facing, […]
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Hayleys Agriculture Holdings Limited launched its new Hayleys Grain & Food Processing Machinery business at ProFood, ProPack & AgBiz 2026, held from 21st to 23rd August 2026 at the BMICH, Colombo, marking a significant expansion of its portfolio into specialised machinery and technology solutions for Sri Lanka’s grain and food processing industries. Hayleys Agriculture used […]
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Market Leader Home Lands has announced that Central Park Boulevard Port City Colombo has reached a significant construction milestone, with 60% of its piling work now officially completed, just under three months after the project’s launch, placing its rate of progress 10% ahead of plan. With construction progressing ahead of target, the development’s piling programme […]
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Asiri Central Hospital has achieved a significant milestone in pediatric cardiac care with the successful completion of its 100th Atrial Septal Defect (ASD) heart surgery under the Government of Sri Lanka’s Suraksha Insurance Scheme, giving 100 schoolchildren born with congenital heart defects the opportunity to lead healthier lives. All procedures were carried out under the […]
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Hayleys Solar, Sri Lanka’s No. 1 solar solutions provider, has completed a major solar energy transformation for Toyota Lanka (Private) Limited, installing a combined 3.3 MWp of solar generation capacity across four of the automotive group’s key facilities nationwide. The rollout is expected to generate roughly 4.6 GWh of clean electricity a year, enough to […]
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A special discussion has been held to expedite the finalisation of the India-Sri Lanka Memoranda of Understanding (MoUs) planned for the development of the Kankesanthurai Port (KKS) with the assistance of the Indian Government. The discussion was held yesterday (3) at the Ministry premises under the leadership of Minister of Energy, Ports and Civil Aviation, […]
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While the Colombo Stock Exchange’s All Share Price Index (ASPI) demonstrated a broad-based recovery in August, with both key indices moving upwards, crossings made up 61.5% of the Rs 68.4 billion monthly turnover indicating thinner liquidity within the market, SenFin Securities’ Monthly Equity Report for August said. “Activity was concentrated, 95 crossings accounted for 61.5% […]
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