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John Keells Properties yesterday unveiled a 60-storey residential development, Vauxhall DSTRCT, in central Colombo, marking the group’s first major real estate launch since Sri Lanka’s economic crisis, with
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In a major step toward digitalising Sri Lanka’s insurance sector, the Insurance Regulatory Commission of Sri Lanka (IRCSL) is preparing to launch a national motor insurance database, paving the way for a new
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SDB bank has entered into a strategic partnership with the Smallholder Agribusiness and Resilience Project (SARP) through the signing of a memorandum of understanding (MoU), reinforcing its commitment
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Deeper regional and global integration will ultimately determine how Sri Lanka emerges as a regional hub in the reconfigured global economy, according to AIA Group Independent Non-Executive Chairman Sir Mark Tucker. Delivering the keynote address at the Sri Lanka Institute of Directors Chairman’s and CEO’s Forum held in Colombo this week, Tucker emphasised that while the nation has achieved commendable economic stabilisation, transitioning to su
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Sri Lanka’s ambitions to transform into a vibrant regional economic hub would remain stunted unless the current capital restrictions and exchange controls are systematically rolled back, former Central Bank Governor Dr. Indrajit Coomaraswamy warned.
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The Asian Development Bank (ADB) reaffirmed its commitment to supporting Sri Lanka’s recovery and long-term development during the talks between ADB President Masato Kanda and Prime Minister Dr. Harini Amarasuriya at the ADB headquarters in Manila, with the lender noting that its pipeline of support to the country exceeds US $ 1 billion annually from 2026 to 2029.
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Sri Lanka’s plantation companies are stepping up the investments in renewable energy as part of a broader transition towards net zero emissions, committing more than Rs.5 billion for the clean energy projects in what the industry leaders describe as a defining shift for the sector.
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The ASPI closed in red as a result of price losses in counters such as Melstacorp, Colombo Dockyard and Carson Cumberbatch with the turnover crossing Rs. 4.3Bn. Meanwhile, the S&P SL20 edged down. High net worth and institutional investor participation was noted in Distilleries, Singer Sri Lank and Commercial Bank. Mixed interest was observed in Lanka Credit and Business Finance, Softlogic Capital and Softlogic Holdings whilst retail interest was