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Nadika Ranasinghe, CFA, Takes Over as President of CFA Society Sri Lanka
CFA Society Sri Lanka (CFASSL), part of the global network of CFA Institute member societies dedicated to advancing the investment profession, announced the appointment of Nadika Ranasinghe, CFA, as its new President, following the Society’s Annual General Meeting held on 30 October 2026 in Colombo. She succeeds Rashmi Peiris Paranavitane, CFA. A seasoned financial services […]
PHP security scare puts Sri Lanka’s digital systems under scrutiny
A global security alert involving two critical vulnerabilities in the widely used PHP programming language has prompted urgent action in Sri Lanka, with government institutions instructed to check their websites and applications for possible exposure. The concern is particularly significant for Sri Lanka, where more than 70% of state institution websites and web applications reportedly […]
Sunshine Holdings records strong growth in 1HFY27 with revenue up 24.4-pct
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported strong top-line and bottom-line growth during the six months ended 30 September 2026 (1HFY27), recording a consolidated revenue of Rs. 40.2 billion, an increase of 24.4% year-on-year (YoY). The Group’s profit after tax (PAT) increased by 44.3% YoY to Rs. 3.7 billion, supported by the […]
Beyond ESG Disclosures: What India and Sri Lanka Can Learn from Each Other
Dr.Ranjith Krishnan, Associate Professor, CHRIST University, Delhi NCR, India The credibility of sustainability reporting is ultimately tested by its usefulness in corporate and financial decisions. A Sri Lankan tea exporter may disclose water consumption, while an Indian textile manufacturer reports greenhouse gas emissions. Yet a lender must also consider exposure to drought, the likely cost […]
From New Ideas to New FX Earnings: Making ViYASA Work for Sri Lanka
“The difficulty lies not in the new ideas, but in escaping from the old ones.” — John Maynard Keynes By Prof. Asoka.S.Seneviratne Introduction Sri Lanka’s long-term economic resilience depends on its capacity to earn sufficient foreign exchange through productive and diversified economic activities. The Daily FT article, “Economic transformation in Asian countries and lessons for […]
CCPI-based headline inflation accelerated in October 2026
The Colombo Consumer Price Index (CCPI, 2021=100) based headline inflation (year-on-year, Y-o-Y) increased to 8.3% in October 2026 from 8.0% in September 2026. Food inflation (Y-o-Y) marginally increased to 8.8% in October 2026 from 8.7% in September 2026, and non-food inflation (Y-o-Y) increased to 8.0% from 7.7% over the same period. On a month-on-month basis, […]
UN Human Rights Office encourages Sri Lanka to undertake comprehensive review of PSTA before its enactment
The UN Office of High Commissioner for Human Rights (OHCHR) encourages the Government to undertake a further comprehensive review of the draft Protection of the State from Terrorism (PSTA) Bill before its enactment, in consultation with independent institutions, civil society organisations and legal experts. The Office recommends, in particular, that the Government:1) Narrow and clarify […]
Fitch Takes Action on 8 Sri Lankan Banks’ National Ratings on Updated Scale After Sovereign Upgrade
Fitch Ratings has taken the following actions on the National Long-Term Ratings of eight Sri Lankan banks following recalibration of the agency’s Sri Lankan national rating scale in the wake of the recent sovereign rating upgrade: — Bank of Ceylon (BOC): National Long-Term Rating upgraded to ‘AA+(lka) from ‘AA-(lka)’; Outlook Stable — People’s Bank (Sri […]
Sri Lanka Launches AgriConnect Joint Implementation Plan to Transform Agriculture, Create Jobs
The Government of Sri Lanka, in partnership with the World Bank Group and the International Fund for Agricultural Development (IFAD), today announced the launch of the Sri Lanka AgriConnect Joint Implementation Plan, a coordinated effort to transform the country’s agrifood sector, create jobs, and strengthen food security. “Sri Lanka is committed to transforming our agrifood […]
ComBank launches dedicated loan scheme to revitalise Sri Lanka’s tea industry
Mr S. Ganeshan, Deputy General Manager – Personal Banking at Commercial Bank at the signing of a loan agreement with Jayasinghe Tea Factory, in the presence of (from left) Mrs. Harshi Perera, Coordinating Manager – Sri Lanka Tea Factory Owner’s Association, Mr. Amal Jayasinghe, Partner – Jayasinghe Tea Factory, Mr. Lionel Herath, Chairman – Sri […]