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The Colombo Stock Exchange witnessed another challenging session on Thursday, as investor sentiment was weighed down by adverse weather conditions and ongoing assessments of the disaster’s impact. Caution prevailed in the market, with muted trading volumes and turnover reflecting investors’ hesitancy amid uncertainty.
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Sri Lanka’s rapid adoption of digital technologies has ushered in tremendous opportunities for economic growth and innovation, but this accelerated digitization has simultaneously exposed critical vulnerabilities in software and infrastructure that cybercriminals are eagerly exploiting.
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The local construction sector is poised to play a pivotal role in the country’s post-disaster economic recovery, with a renewed focus on reconstruction and climate-resilient infrastructure following the devastation caused by Cyclone Ditwah.
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The Colombo-based engineering team of the Norway-headquartered 99x Group has been termed the ‘shining star’ of its global operations, with Group CEO Odd Sverre Ostlie revealing that nearly 90 percent of the firm’s Artificial Intelligence (AI) innovation is now driven from Sri Lanka.
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Sri Lanka Tourism, in collaboration with the Embassy of Sri Lanka to the Republic of Korea, is providing support for the two VVIP South Korean Buddhist delegations visiting the country, demonstrating solidarity and strengthening cultural and religious ties with Sri Lanka.
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The Central Bank this week offered their willingness to provide liquidity support to the banking system, should there be any need from the economic impact from the floods that caused through the weekend, its Governor said. Speaking at the Sri Lanka Economic and Investment Summit which wrapped up this week, Dr. Nandalal Weerasinghe said in response to a question on the disaster response by the Central Bank.
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On a rainy evening in Colombo recently, amidst the hum of a busy capital adjusting to wet weather, a conversation about the future of mobility took centre stage. While the public unveiling of the brand’s latest offering took place amidst the automotive buzz of Colombo Motor Show 2025, the strategic roadmap was laid out at a media roundtable hosted by Ather Energy, India’s leading electric vehicle (EV) manufacturer and its local partner Evolution
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Sri Lanka’s decision to reopen vehicle imports earlier this year was an important and positive step. It restored confidence, supported Treasury revenue and contributed to meeting the International Monetary Fund commitments. The safeguards introduced to control hoarding and manage pressure on foreign reserves were understandable in a period of recovery. The initial surge in imports that followed was simply the result of five years of pent-up deman
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In a landmark moment for Sri Lankan HR professionals, 25 delegates travelled to New Delhi this November for SHRM India Annual Conference 2025—the largest Sri Lankan delegation ever to attend India’s premier HR gathering, which drew over 4,500 professionals.
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The Sri Lanka Export Development Board (EDB), in collaboration with the International Finance Corporation (IFC) and the European Union (EU), successfully concluded the Pitching Event for the second batch of SMEs under the ExpoScaleUp programme.
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As Sri Lanka confronts the aftermath of Cyclone Ditwah, one of the most devastating natural disasters in the nation’s recent history, the country has witnessed people and organisations coming together in an extraordinary show of solidarity.
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The Commercial Bank of Ceylon has successfully concluded its Innovation Challenge, an ambitious platform to unleash the creativity of its employees under the theme ‘Digital Innovation in Customer Experience’ with the goal of harnessing emerging technologies to accelerate digital transformation and elevate customer experiences.
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Commercial Bank of Ceylon has entered into a strategic partnership with Brown & Company PLC to make modern agricultural machinery and technology more accessible to Sri Lankan farmers and agri-entrepreneurs as part of the bank’s commitment towards SME empowerment initiatives and inclusivity.
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In a major stride toward fostering financial inclusivity and digital empowerment, iPay has announced the expansion of its GovPay services across Sri Lanka’s Northern province, enabling citizens to make secure and convenient government payments digitally.
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The Ceylon Motor Traders Association (CMTA), the voice of the automotive industry body affiliated to the Ceylon Chamber of Commerce, has initiated a national awareness campaign on the increasing risks of acquiring vehicles through various importers and the benefits of purchasing them through CMTA-authorised agents.
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Cyclone Ditwah, which struck Sri Lanka in late November, causing widespread flooding and landslides, is projected to shave off approximately 0.5 percent to 0.7 percent from the country’s real GDP growth, according to a flash note released by First Capital Research (FCR).
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The Sri Lanka Banks Association (SLBA), in a meeting with the Governor of the Central Bank of Sri Lanka (CBSL) yesterday, pledged its fullest support to revive the country’s economy, following the damage inflicted by Cyclone Ditwah.
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Sri Lanka’s tourism industry demonstrated remarkable resilience in November 2025, crossing the significant milestone of 2.1 million cumulative arrivals for the year, despite facing severe weather disruptions in the final week. According to the latest data released by the Sri Lanka Tourism Development Authority (SLTDA), the country welcomed 212,906 visitors in November, marking a 15.6 percent increase, compared to 184,158 tourists recorded in the
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The ASPI closed in red as a result of price losses in counters such as Ceylinco Holdings, Melstacorp and Commercial Bank with the turnover crossing Rs. 3.7 Bn. A similar behaviour was witnessed in the S&P SL20. High net worth and institutional investor participation was noted in John Keells Holdings, Hemas Holdings and Hatton National Bank. Mixed interest was observed in Access Engineering, Colombo Dockyard and Tokyo Cement Company, whilst retail
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Nations Trust Bank PLC (NTB) said it has secured approval from the Central Bank of Sri Lanka for its planned acquisition of the retail banking business of HSBC Sri Lanka, in line with Section 12(1)(c) of the Banking Act. The bank confirmed that all conditions outlined in the Sale and Purchase Agreement signed on September 24, 2025, were met as of December 02, 2025.