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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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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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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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The CFA Society Sri Lanka (CFASSL) celebrated its 25th anniversary earlier this week by initiating the Market Opening Bell at the Colombo Stock Exchange (CSE) and unveiling a commemorative cover and stamp. This event highlighted the Society’s significant contributions to the evolution of the investment profession and the financial services sector in Sri Lanka over…

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The Ministry of Agriculture, Livestock, Land and Irrigation, in collaboration with the Department of Agriculture and with technical assistance from the Food and Agriculture Organization (FAO) of the United Nations, has introduced the CROPIX Seed Production, Certification & Traceability System. This initiative represents a significant advancement in the modernization of Sri Lanka’s seed industry through…

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The value of the Sri Lankan rupee has experienced a significant decline relative to the US dollar. As reported by the Central Bank of Sri Lanka on the 20th of this month, the purchasing rate for the US dollar has surged to Rs. 332.08, while the selling rate has jumped to Rs. 342.70. These figures…

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In an effort to enhance the export potential of Sri Lanka’s light engineering sector, the Industrial Products Division of the Export Development Board (EDB) launched a specialized Awareness Programme for both current and aspiring exporters. This event took place at the EDB headquarters in Colombo on May 19, 2026. The initiative was organized in collaboration…

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Ambeon Capital PLC (AMC), the primary investment holding company within the Ambeon Group, recently released its financial results for the fiscal year ending 31 March 2026 (FY2025/26). The firm reported a consolidated Profit After Tax (PAT) of LKR 3,242 million, which signifies an impressive year-on-year increase of 104%, making it one of the most remarkable…

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The Ceylon Chamber of Commerce, in collaboration with the Confederation of Indian Industry (CII), hosted the India-Sri Lanka Business Forum titled “Partnering in Sri Lanka’s Growth and Investment,” along with the CII-Ceylon Chamber CEOs Interaction in Mumbai on May 13, 2026. The gatherings aimed to strengthen economic ties and explore new opportunities for collaboration between…

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Transforming Challenges into Opportunities: Integrating Climate Action into Sri Lanka’s Development Strategy. As global climate regulations become more stringent and investor priorities shift from mere commitments to active compliance, the relationship between climate action and areas such as trade, competitiveness, and financial access is becoming increasingly evident. In this context, the Ceylon Chamber of Commerce…

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Bank of Ceylon (BOC), the leading financial institution in Sri Lanka, kicked off 2026 with impressive financial results, achieving a Profit After Tax (PAT) of Rs. 18.8 billion for the quarter ending March 31, 2026. Operating in a stabilizing economic landscape, the bank showcased resilience and strategic focus, maintaining strong business momentum through careful execution,…

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A prominent fireside chat featuring Jeff Hoffman, Jeevan Gnanam, Yuen Wong, and Sri Lanka’s Deputy Minister of Tourism, with moderation by Cherrie Chan, delved into the potential of travel innovation, entrepreneurship, and digital/AI infrastructure to enhance Sri Lanka’s competitiveness on the global stage. The panel discussion, themed “The Sri Lanka Destination Stack – How can…

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Asian stock markets experienced fluctuations on Tuesday, while bond prices stabilized following a significant selloff triggered by U.S. President Donald Trump’s announcement to suspend a proposed military strike on Iran. His remarks also suggested a favorable possibility for a nuclear agreement, which contributed to a decline in oil prices. On Monday, Trump revealed that he…

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Construction has officially commenced on what is set to become the largest and most technologically advanced aviation engineering facility in the world, located at Dubai South, adjacent to DWC Airport. This new hangar complex will have the capacity to accommodate 28 wide-body aircraft at once and will feature the largest landing gear workshop globally. Emirates…

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Today, the National Disaster Relief Services Centre (NDRSC), part of the Ministry of Defence, unveiled its new digital Compensation Management System and Community Inquiry Mechanism. This initiative, funded by the Government of Norway and supported by UNICEF Sri Lanka and UN Volunteers, represents a significant advancement in providing prompt, transparent, and accessible assistance to communities…

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