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AIA Promotes Comprehensive Wellness for Enhanced Living at RFTL 2026
AIA Insurance Lanka has reinforced its enduring dedication to community health by becoming the Gold Sponsor for the fifth consecutive year of the Run For Their Lives (RFTL) 2026 event. This annual charity run, organized by the Rotaract Club of Uptown Colombo, benefited the Apeksha Cancer Hospital and took place at the Racecourse Grounds in…
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Prime Melwa Officially Launches Asia’s Premier Marina-Front Architectural Marvel
Prime Melwa Port City (Pvt) Ltd has officially launched its much-anticipated marina living experience at Port City Colombo, marking a pivotal development in one of the region’s most prestigious waterfront residential offerings. This project, dubbed Asia’s Global Marina Front Masterpiece, is set to transform luxury waterfront living in South Asia and enhance Sri Lanka’s status…
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Sri Lankan Rupee Declines to 352.50 Against US Dollar for Telegraphic Transfers, Bond Yields Rise
According to FINANCIAL CHRONICLE, the telegraphic transfer exchange rate for the Sri Lankan rupee against the US dollar was recorded at 343.5000 for purchases and 352.5000 for sales, as reported by market dealers. In the bond market, yields experienced an increase. A bond set to mature on December 15, 2029, was priced at 10.30/40 percent,…
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CameraLK and Sony Introduce the Groundbreaking Alpha a7R VI at Historic Launch in Sri Lanka
CameraLK, the foremost camera retailer in Sri Lanka and the official distributor for Sony, recently presented the much-anticipated Sony Alpha a7R VI and the FE 100-400mm F4.5 GM OSS lens during a significant regional launch event in Sri Lanka. This occasion marked a pivotal moment for the nation’s photography and videography sector, as Sri Lanka…
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Official Reports Growing Concerns Over Sri Lankan Rupee’s Declining Value Amid Speculative Pressures
According to Deputy Minister of Finance Anil Jayantha Fernando, the Sri Lankan rupee, which is currently the weakest currency in Asia this month, is experiencing a further decline due to ongoing speculation about its future performance. In a parliamentary session held in Colombo on Tuesday, Fernando noted that importers are increasingly purchasing dollars while exporters…
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Sri Lanka’s Tea Sector Faces Economic Pressure as Middle East Tensions Escalate
Jacintha Malar, a tea factory employee in Sri Lanka, has transitioned from using cooking gas to firewood for her family meals due to rising energy prices stemming from the ongoing conflict in the Middle East, which has negatively impacted the country’s tea sector. Malar and her husband, who works as a tea plucker in the…
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Sri Lanka Pursues Enhanced Collaboration with Shanghai Cooperation Efforts
Sri Lanka is eager to participate in the initiatives of the Shanghai Cooperation Organization (SCO), as expressed by Foreign Minister Vijitha Herath during a meeting with an SCO delegation. The delegation, led by SCO Secretary General Nurlan Yermekbayev, engaged in discussions with Herath on Wednesday. The primary focus of the meeting was to explore avenues…
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Sri Lanka’s Rupee Declines to 345.50 Against the US Dollar for TTs, Bond Yields Rise
FINANCIAL CHRONICLE – On Wednesday, Sri Lanka’s rupee did not have a closing quote with spot transactions occurring between 329.25 (low) and 330.25 (high) against the dollar, according to market dealers. Additionally, bond yields experienced an upward trend. The telegraphic transfer (TT) exchange rate for the dollar was recorded at 336.5000 for buying and 345.5000…
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Sri Lanka Sees Increase in Treasury Bill Yields Amid Decrease in Sales
FINANCIAL CHRONICLE – During the recent auction held on Wednesday, yields on Sri Lanka’s Treasury bills saw a decline across various maturities, as reported by the Public Debt Management Office. The auction successfully sold a total of 67.23 billion rupees worth of bills from an available offering of 140 billion. The yield on the 3-month…
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Prime Group Names Dr. Saman Mahawatta as CEO of Prime Constructions and Chief Executive Officer of Prime – Melwa Port City
In a strategic move to bolster its leadership capabilities, Prime Group has appointed Dr. Saman Mahawatta as the Director and Chief Executive Officer of Prime Constructions (Pvt) Ltd (PCL). In addition to this role, Dr. Mahawatta will also take on the position of Chief Executive Officer at Prime – Melwa Port City (Pvt) Ltd. Dr.…
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Sri Lanka Sees Surge in Tourist Arrivals in May Following Decline Due to Middle East Conflict
According to recent official statistics, Sri Lanka experienced an uptick in tourist arrivals during May, following a decline in the previous two months due to conflicts in the Middle East that resulted in numerous cancellations. In March, the number of visitors to Sri Lanka decreased by 19.8 percent, totaling 183,979 compared to the same month…
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Samsung Secures Top Spot in Global Gaming Monitor Market for the Seventh Straight Year
In a highly competitive environment where every fraction of a second can determine success or failure, Samsung Electronics is firmly at the forefront. The technology powerhouse has proudly maintained its status as the leading gaming monitor brand globally for the seventh consecutive year, reinforcing its supremacy in a sector that prioritizes performance, accuracy, and groundbreaking…
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JAAF asserts that fluctuations in the rupee are driven by international factors rather than domestic economic fragility, enhancing the nation’s export potential.
The Joint Apparel Association Forum (JAAF) has stated that the recent decline in the value of the Sri Lankan rupee should be understood within the broader context of global challenges, including ongoing conflicts in the Middle East, escalating global fuel prices, and rising shipping expenses. JAAF emphasized that the depreciation of the rupee should not…
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Sri Lanka Customs reaches 65% of May revenue goal within the initial 18 days.
FINANCIAL CHRONICLE – According to official statistics, Sri Lanka Customs has achieved nearly 65 percent of its revenue goal for May 2026 within the first 18 days of the month. The revenue target for Customs this month is set at 187.8 billion rupees, and preliminary data indicates that 122 billion rupees has been collected thus…
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Cinnamon Life Offices Achieve Peak Rental Prices in Colombo, Highlighting Robust Investment Potential
The Offices at Cinnamon Life, a project by John Keells Properties, has established a new standard in Colombo’s commercial real estate sector, reaching the highest rental prices in the city. This achievement indicates a rising demand for high-quality, well-located office spaces within integrated developments that seamlessly combine business, lifestyle, and connectivity. Positioned in the center…