Sri Lanka
Top Categories
-
Sri Lanka’s Stock Market Declines Following Banking Sector Setbacks
FINANCIAL CHRONICLE – The Colombo Stock Exchange in Sri Lanka experienced a decline on Thursday, as indicated by CSE statistics, with the key All Share Price Index (ASPI) dropping by 0.89 percent. The ASPI decreased by 191.45 points, settling at 21,270.02, while the S&P SL20 index, which is more representative of liquid stocks, fell by…
-
SLT-MOBITEL mCash Facilitates GovPay for Traffic Violations and Public Sector Transactions
SLT-MOBITEL mCash, the first mobile money service in Sri Lanka, has announced its collaboration with GovPay, a digital payment platform established by the government to enhance the efficiency and modernization of public service delivery. This partnership aims to create a national framework that leverages GovPay’s capability to facilitate real-time payments for government services, ranging from…
-
Payable to Enhance Sri Lanka’s Digital Payment Ecosystem After Short Circuit Acquisition
Sri Lanka’s prominent digital payment platform, Payable, has been acquired by the regional technology firm Short Circuit, marking a notable advancement in Payable’s mission to enhance digital payment solutions within the nation. This acquisition is anticipated to significantly boost Payable’s digital payment functions and broaden its network of merchants, thereby reinforcing its role in Sri…
-
HNB Partners with Access Motors to Enhance Luxury Vehicle Financing Options in Sri Lanka
HNB PLC has announced a strategic collaboration with Access Motors (Pvt) Ltd, enhancing its leadership in premium vehicle financing in Sri Lanka. Beginning on May 25, 2026, this partnership will launch an exclusive leasing program aimed at improving access to the esteemed Jaguar and Land Rover brands, merging financial capabilities with automotive excellence. This alliance…
-
Reevaluating Biodiversity in Oil Palm Cultivation: Insights and Policy Challenges in Sri Lanka
By Professor Devaka Weerakoon, Department of Zoology and Environment Science, University of Colombo Sri Lanka’s initiative to discontinue oil palm cultivation appears to be driven more by public perception than by established policies. Central to this discussion is a significant assertion: that oil palm cultivation presents a substantial risk to biodiversity and the environment. However,…
-
Varun Beverages Lanka Pvt Ltd Commemorates World Environment Day 2026 by Promoting Sustainable Plastic Practices and Recycling Initiatives
Varun Beverages Lanka Pvt Ltd. celebrated World Environment Day 2026 at the Seelawimala Dhamma School, located at the Pore Purana Sri Maha Viharaya in Athurugiriya. The company organized a variety of impactful activities designed to enhance environmental consciousness and advocate for responsible plastic usage among students at the Dhamma school. The event was themed “Taking…
-
Japan allocates $1.33 million to aid communities impacted by cyclones in Sri Lanka.
FINANCIAL CHRONICLE – In a significant collaboration, Akio Isomata, the Japanese ambassador to Sri Lanka, and Azusa Kubota Tachiiri from UNDP Sri Lanka have formalized an agreement aimed at aiding communities impacted by cyclones in the region. The agreement, which was signed in the presence of the Secretary of the Ministry of Public Administration, allocates…
-
Sri Lanka’s central bank updates lawmakers on monetary and currency strategies.
FINANCIAL CHRONICLE – Officials from the central bank of Sri Lanka have provided an update to the nation’s lawmakers regarding the existing monetary and exchange rate policies, as well as the overall economic landscape of the country, as noted in an official statement from Parliament. During this informative session, Members of Parliament received insights into…
-
Russel’s Celebrates Exceptional Team Members for May 2026
Russel’s (Pvt) Ltd has recently honored several employees for their outstanding commitment and contributions in upholding exceptional hospitality and operational standards during May 2026. This initiative underscores the company’s dedication to recognizing its workforce and promoting service excellence. The monthly recognition program celebrated those individuals who have consistently exemplified professionalism, teamwork, and dedication in their…
-
Hela Apparel of Sri Lanka Encounters Trading Halt Following Audit Concerns
FINANCIAL CHRONICLE – The Colombo Stock Exchange (CSE) in Sri Lanka has issued a notification to Hela Apparel Holdings, indicating that trading could be halted as of June 18 if the company fails to address a compliance issue. An independent auditor has expressed a disclaimer of opinion regarding Hela Apparel’s financial statements for the fiscal…
-
SLIIT Crowned Top Private Higher Education Brand in LMD Readers’ Choice Survey
SLIIT has achieved the prestigious title of the Most Loved Brand in the Private Higher Education category in the LMD Readers’ Choice Most Loved Brands 2026 ranking, reaffirming its prominent position among Sri Lanka’s top educational institutions. This accolade not only reinforces SLIIT’s reputation as a leader in higher education but also highlights its status…
-
Asiri Central Hospital’s Kidney Transplant Center Celebrates Milestone of 200 Successful Procedures, Establishing Itself as Sri Lanka’s Premier Renal Care Facility
Asiri Central Hospital, part of Asiri Health, is establishing a notable standard in advanced renal healthcare in Sri Lanka by providing local access to specialized and comprehensive kidney transplantation services for individuals suffering from chronic kidney disease and end-stage renal failure. With over 200 successful transplant procedures carried out and a remarkable success rate of…
-
Launch of the National Export Development Strategy 2026-2030 Scheduled for June 16
In a significant advancement for Sri Lanka’s economic landscape, the official inauguration of the National Export Development Plan (NEDP) 2026–2030 is set to take place in Colombo on June 16, 2026. This strategic export initiative outlines the country’s roadmap for the next five years. The plan is designed to align with the government’s overarching vision…
-
Asia Asset Finance in Sri Lanka Plans to Secure Rs1.5 Billion Through Rights Offering
FINANCIAL CHRONICLE – Asia Asset Finance, based in Sri Lanka, is set to generate 1.5 billion rupees through a rights issue that will offer four new ordinary voting shares for every eleven shares currently held. This information was disclosed by the company in a recent market announcement. A total of 45,162,012 ordinary voting shares will…
-
From Oil Embargo to Export Leader: The US Rises to the Top of Global Oil Markets
According to Reuters, the United States has emerged as the leading oil exporter globally, disrupting a long-standing energy landscape traditionally dominated by Saudi Arabia and Russia. This shift is strengthening the influence of American energy companies as the ongoing conflict with Iran alters global energy trade dynamics. This remarkable change in the U.S.’s oil status…