Cartoon of the Day 08-05-2026

City of Dreams Sri Lanka strengthens Colombo’s position

Building on its landmark opening, City of Dreams Sri Lanka continues to reshape the country’s tourism and hospitality landscape as South Asia’s first fully integrated luxury resort, bringing together Nüwa, its luxury

Dijital Team Sri Lanka partners with LinkedIn Learning

Dijital Team Sri Lanka has emerged as one of the first companies in the country to officially launch LinkedIn Learning for all its team members.

Access Motors unveils Range Rover Boutique Residency in Colombo

Access Motors has unveiled a new Range Rover Boutique Residency at ITC Rathnadeepa Colombo One Workplaces — a carefully composed, immersive environment designed as a physical expression of the

Minoli Wickramasinghe appointed as COYLE Ladies Chapter President

The COYLE Ladies Chapter, the social service and charity arm of the Chamber of Young Lankan Entrepreneurs, has appointed Capital Trust Properties CEO and Chairperson Minoli Wickramasinghe as its

Emirates restores 96% of global network

Emirates is marking a near-full return to operations, with 96% of its global network now restored, following a period of disruption.

DIMO Engine Care elevates precision engineering with state‑of‑the‑art facility

DIMO’s Engine Care unit, one of the company’s long-standing and most technically specialised operations, has undergone a significant transformation, marking a new chapter in its evolution from a traditionally

Sampath Bank hands over Dickwella material recovery facility

Reinforcing its commitment to environmental stewardship and inclusive socioeconomic development, Sampath Bank PLC officially handed over a fully operational material recovery facility (MRF) in

Market rallies as easing global tensions boost investor confidence

The Colombo Stock Exchange extended its upward momentum today, supported by improving global sentiment following easing geopolitical tensions in the Middle East and the gradual stabilization of international markets. The sharp decline in global oil prices, coupled with gains across major global equity indices, created a more favorable backdrop for emerging and frontier markets, positively influencing investor sentiment at the CSE.

Currency pressure returns as Sri Lankan rupee slips past Rs.324 against US dollar

The Sri Lankan rupee weakened beyond the Rs.324 mark against the US dollar yesterday for the first time in more than two years, raising fresh concerns over the country’s fragile external balance sheet and rising foreign debt pressures.

Manufacturers demand renewable power access as electricity costs surge

The export manufacturers yesterday warned that imposing another extraordinary electricity tariff hike on the industry, without activating the long-promised power wheeling reforms, would deepen the country’s competitive disadvantage against the regional rivals and risk disrupting the export contracts already under negotiation for late 2026.

S. Korea backs SL’s recovery push with US $ 267mn EDCF debt amendment exchange

The government last week moved to secure the continuity of a key source of concessional development financing, as the Republic of Korea formally exchanged the signed debt restructuring amendment agreements linked to 18 Economic Development Cooperation Fund (EDCF) loans worth around US $ 267 million.

Inadequate state backing for charter flights threatens tourism revenue amid Middle East crisis

The Sri Lankan tourism sector is grappling with missed economic opportunities, due to inadequate state backing for charter flight operations during the crucial transition into the off-season.

Poultry sector revival lifts Three Acre Farms’ earnings in 1Q

Sri Lanka’s poultry sector is showing early signs of recovery, with the small and medium-scale farmers returning to production, amid the improving chicken demand and firmer festive season pricing, helping the listed poultry producer Three Acre Farms PLC post stronger first-quarter (1Q) earnings.

Indices bounce back

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Hatton National Bank and Melstacorp with the turnover crossing Rs. 4.1

Steady momentum underpins secondary market activity

The secondary market continued to exhibit moderate activity levels, building on the pickup observed in the previous session.

Sri Lanka, Maldives push for stronger economic partnership at Colombo business forum

Sri Lanka and the Maldives reaffirmed their long-standing friendship and commitment to deeper economic cooperation at the Maldives–Sri Lanka Business Forum in Colombo, with leaders from both countries highlighting shared resilience, mutual support and growing opportunities for partnership.

Indian platform ‘ZKTOR’ enters S. Asia’s trust tech race

Sri Lanka is now part of a wider South Asian test for ZKTOR, the privacy led Indian social media platform developed by Softa Technologies.

Allianz Lanka partners with WEBXPAY to deliver complete digital payment solution in insurance

Allianz Lanka has announced a strategic partnership with WEBXPAY, marking a major milestone in its journey towards delivering a seamless, customercentric insurance experience.

AMW and Orient Insurance partner to introduce extended warranty for Suzuki vehicles

Associated Motorways (Private) Limited (AMW) has entered into a strategic partnership with Orient Insurance to enhance aftersales value for customers through the introduction of an extended warranty programme for Suzuki vehicles in Sri Lanka.

DFCC Bank partners with NCCSL to strengthen SME growth and market access

DFCC Bank PLC has entered into a partnership with the National Chamber of Commerce of Sri Lanka (NCCSL), as part of its broader focus on supporting business growth and expanding market access for small and medium-sized enterprises.

SDB bank’s UPay Digital Wallet earns Merit recognition

SDB bank has been recognized at the LankaPay Technnovation Awards 2026, where its flagship digital payment wallet, UPay, received Merit recognition in the Best Digital Payment Application for Retail Payments category. This accolade reflects the bank’s commitment to advancing digital financial services and promoting seamless, secure, and accessible payment solutions for retail banking customers across Sri Lanka.

SLT-Mobitel Kandy Customer Club celebrates 10 years of customer engagement

SLT-Mobitel Kandy Customer Club, established in 2015, is a vibrant community of SLT-Mobitel’s valued customers in the region.

Stopping Financial Fraud Before It Happens Purpose-Built Fraud Prevention Tools for South Asia

Trusted by leading stockbrokers, wealth managers and NBFIs, Dossiers is now entering the banking sector with a real-time transaction monitoring service built for modern fraud

Bank of Ceylon opens Badalgama branch

The Bank of Ceylon recently opened its Badalgama branch, yet another step towards delivering a modern banking experience and efficient service to customers.

SHEvolve ’26 women empowerment initiative to be held this week

SHEvolve ’26, a women-empowerment initiative organized by AIESEC in University of Colombo, is set to take place on May 9th from 9.00 a.m. onwards at the New Arts Theatre, University of Colombo.

Macktiles expands footprint to Attidiya with new showroom

Sri Lanka’s largest tile manufacturer and exporter, Macktiles Lanka (Pvt.) Ltd, announced the launch of its latest showroom located at Main Road, Attidiya, Dehiwala.

Market rebounds on earnings optimism and easing geopolitical tensions

The Colombo Stock Exchange witnessed a strong recovery today, with both indices closing firmly in positive territory, supported by improved investor sentiment. The upward momentum was largely driven by ongoing corporate earnings releases and expectations of robust March 2026 quarter results, which encouraged renewed buying interest across the market.

Hilton Colombo sale on hold as policy shift stalls IMF-linked divestment 

Uncertainty over the stalled sale of Hotel Developers (Lanka) Ltd is starting to ripple through the company’s operations, as delays in finalising its ownership structure cloud strategic decision-making.

Maldivian catch finds Sri Lankan shelf in new seafood tie-up

Sri Lanka yesterday saw the entry of Maldivian state-backed fisheries firm MIFCO’s premium tuna brand ‘Fasmeeru’, a move expected to boost value-added seafood trade and strengthen supply chains between the two Indian Ocean economies.