The Ministry of Foreign Affairs, Foreign Employment and Tourism of Sri Lanka is closely monitoring the evolving security situation in the Middle East. The safety and well-being of approximately one million Sri Lankan nationals living and working in the region remain the Government's highest priority. In light of prevailing regional volatility, Sri Lankan citizens in...
Reuters - The United States and Israel launched strikes on Iran on Saturday, targeting its leadership and plunging the Middle East into a new conflict that President Donald Trump said would end a security threat and give Iranians a chance to topple their rulers. The strikes put nearby oil-producing Gulf Arab countries on edge as fears of escalation grew,...
Impact on Flights for Tourism, Tea, Trade Supply Chain and Remittances Commenting from Bahrain, the CEO of MTI Consulting has cautioned that the Sri Lankan economy could be stress-tested as the war in the Gulf escalates. According to Hilmy Cader, the airlines from the 6 Gulf Countries have around 140 scheduled commercial flights a week,...
Following a record breaking year for Sri Lanka's largest private sector retail bank, HNB PLC's Managing Director and Chief Executive Officer, Damith Pallewatte, was named Sri Lanka's 'Bank CEO of the Year 2025' by the Global CEO Forum. The CEO of the Year Awards - which was hosted at Cinnamon Grand Colombo, recognises leadership excellence...
SriLankan Airlines has announced the cancellation of multiple flights scheduled to operate today (01) due to the continued closure of airspace in certain parts of the Middle East. The affected services include routes between Colombo and several regional destinations, namely Dubai, Doha, Dammam, Riyadh, and Kuwait City. Cancelled flights UL231 Colombo - Dubai UL232 Dubai...
SalamAir has announced the temporary suspension of all its international flights, as well as services to Masirah, for a period of 24 hours starting from 28 February 2026. In an official statement, the airline cited the current evolving situation in the region as the reason for the precautionary measure. The airline emphasized that the decision...
SriLankan Airlines has announced the cancellation of several flights to and from key Middle Eastern destinations scheduled for today (28), citing the closure of airspace in parts of the region due to escalating tensions. The national carrier said the decision was taken in the interest of passenger safety and operational security, noting that the disruptions...
The bond's admission on NSE IX is expected to enhance its international visibility and investor access Sri Lanka's first-ever Blue Bond - an LKR 3 billion issuance by DFCC Bank - has been dually listed on the NSE International Exchange (NSE IX) at GIFT City, marking the first blue bond to be admitted for trading...
Janashakthi Life, a leading name in the insurance industry and a flagship brand of JXG (Janashakthi Group), announced strong financial performance for the year ended December 2025, with 67% growth in New Business, and 31% growth in total Gross written premiums recording Rs 8.65billion, endorsing credentials of a fast-growing insurer in the local insurance industry....
The Central Bank of Sri Lanka (CBSL) has released the key findings of the latest edition of the Systemic Risk Survey (SRS) conducted for the first half (H1) of 2026 capturing market participants' perceptions of the financial system. This survey was conducted between 19 December 2025 and 16 January 2026, in the immediate aftermath of...
Union Bank announced a milestone financial performance for the FY2025, emerging as one of the fastest-growing banks in the country complemented by a standout bottom-line performance with the group Profit Before All Taxes reaching LKR 2.2 Bn and doubling its Profit After Tax (PAT) to LKR 660 Mn highlighting the success of its strategic transformation...
Sri Lanka's stock market ended lower on Friday (27) despite recording a strong surge in trading activity, with turnover surpassing the Rs. 7 billion mark. At the close of trading on the Colombo Stock Exchange, the All Share Price Index (ASPI) declined by 47.17 points to 23,734.06, while the S&P SL20 Index fell 74.20 points...
The Sri Lanka Purchasing Managers' Index for Construction (PMI - Construction), as reflected by the Total Activity Index, reached an index value of 75.0 in January 2026, its second-highest reading on record after the peak of 75.7 in July 2020. Most firms reported increased project activity during the month, driven by the commencement of new...
The Colombo Consumer Price Index (CCPI, 2021=100)[1] based headline inflation (year-on-year, Y-o-Y) decelerated in February 2026. Accordingly, headline inflation (Y-o-Y) was recorded at 1.6% in February 2026 compared to 2.3% in January 2026. Food inflation (Y-o-Y) decelerated to 0.2% in February 2026 from 3.3% in January 2026, while Non-Food inflation (Y-o-Y) accelerated to 2.3% in...
Atlas, Sri Lanka's No. 1 learning brand, successfully concluded Atlas SipSavi Naththal Poronduwa, a national initiative that saw strong public participation in supporting children at risk of dropping out of school due to financial hardship. At a time when more than 22,000 Sri Lankan children leave school each year due to rising economic challenges, the...
Prime Minister Dr. Harini Amarasuriya stated that as Sri Lanka moves towards sustainable growth, the country welcomes investors and tourists who contribute to strengthening economic and cultural ties. She made these remarks while addressing a special celebration and dinner reception organized by the Sri Lanka India Society to commemorate the 77th Republic Day of India...
Profit Before Tax of Rs. 120.8 billion Profit After Tax of Rs. 76.0 billion Total Tax contribution to GOSL Rs. 76.7 billion Total Assets base Rs. 5.5 trillion Total Deposit base of Rs. 4.4 trillion Gross loans and advances of Rs. 2.6 trillion Largest Sustainability Bond issuance in Sri Lanka during 202 Bank of Ceylon...
City of Dreams Sri Lanka is set to celebrate Holi in spectacular style with "Signature Holi Rush," a three-day celebration from 6 to 8 March 2026 that promises music, colour, flavour and high-energy entertainment across the integrated resort. The festivities begin on 6 March with a celebrity live performance that sets the tone for an...
Kumudika Fernando, Chairperson of the Maliban Group, was recognized at the CEO of the Year Awards 2025 for her leadership in elevating Sri Lankan manufacturing to global excellence. The recognition reflects her pivotal role in strengthening Maliban's operational performance, expanding its international footprint, and building a brand presence that resonates beyond borders, while continuing to...
Sri Lanka's apparel exports declined by 2.66% year-on-year in January 2026, falling to US$ 425.44 million from US$ 437.07 million in January 2025, reflecting continued pressure across key export markets. Exports to the US fell by 2.73% to US$ 165.11 million, while exports to the EU (excluding the UK) declined by 1.93% to US$ 126.99...
Group Assets Surge to Surpass Record LKR 4.0 Trillion Milestone Historic Profitability: People's Bank achieved its highest-ever standalone Profit After Tax (PAT) of LKR 40.2 billion. Asset Milestone: The People's Bank Group reached a historic milestone with consolidated total assets surpassing LKR 4.0 trillion. Operational Stability: The Bank maintained robust capital and liquidity, with a...
WhatsApp Web users are reporting login issues, with 25 outage complaints on Downdetector. Most problems relate to website access. iPhone users appear more affected, while the service is functioning normally for many Android users. India TV News (New Delhi) - WhatsApp Web users are facing issues while trying to log into their accounts. The outage-tracking website Downdetector...
Dr Asanka Wijesinghe, Research Fellow, Institute of Policy Studies of Sri Lanka The recent US Supreme Court ruling will reduce Sri Lanka's overall tariff from about 31% to 21.6%, with apparel seeing nearly a 10‐point cut. More Sri Lankan products now qualify for tariff exemptions, granting additional-tariff‐free access for USD 65 million worth of exports....
Home Lands, Sri Lanka's number one and most trusted innovative developer, has secured an over three-acre premium mixed-use land parcel at Port City Colombo in a landmark transaction valued at USD 40.1 million (approximately LKR 12.5 billion), marking one of the most significant single investments made by a Sri Lankan developer within the country's most...
The Royal - Thomian Golfers' Guild is proud to present the Royal -Thomian Old Boys Golf Match - a landmark event that celebrates the enduring legacy of sporting excellence and spirited rivalry between Royal College and S. Thomas' College. The tournament will be held on 8th March 2026, at the Royal Colombo Golf Club, bringing...
