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Sri Lanka’s Textile Industry Enhances Competitiveness Through UK’s DCTS Initiative
The United Kingdom’s updated Developing Countries Trading Scheme (DCTS), set to commence in January 2026, offers significant advantages for Sri Lanka’s garment industry, particularly benefiting small and medium-sized enterprises (SMEs) as they seek to establish a stronger presence in a crucial market. The key advantage of the revised scheme is its practicality. By simplifying the
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Vauxhall DSTRCT by John Keells Properties achieves remarkable success, selling 200 apartments within a fortnight.
The real estate sector in Colombo achieved a significant milestone as John Keells Properties (JKP) reported that its new residential project, Vauxhall DSTRCT, sold over 200 apartments within just two weeks of its launch. This…
Business Updates
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Sri Lanka Announces Rs243 Billion Investment in Maha Oya Pumped Storage Hydropower Initiative
FINANCIAL CHRONICLE — The Sri Lankan government has approved a plan for the Ceylon Electricity Board (CEB) to initiate the Maha Oya pumped storage hydropower project, with an estimated budget of 243.09 billion rupees, according…
Economy
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Governor Nandalal Acknowledges Over-Optimism, Commits to IMF Path Despite Hardship
Colombo – In a marked shift from earlier optimism, Central Bank Governor Nandalal Weerasinghe has adopted a more measured and pragmatic stance as Sri Lanka confronts a fragile recovery and rising global uncertainty. With geopolitical…
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Sri Lanka’s Market Rises 0.43% as Banking Shares Drive Trading Volume
FINANCIAL CHRONICLE – The All Share Price Index (ASPI) of the Colombo Stock Exchange recorded an increase of 0.43 percent on Tuesday, whereas the S&P SL20 index experienced a decline of 0.26 percent, according to…
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