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FAO & Ministry of Fisheries Launch SL’s First Digital Platform for Smart & Sustainable Shrimp Aquaculture
The Food and Agriculture Organization of the United Nations (FAO), in collaboration with the Ministry of Fisheries, Aquatic and Ocean Resources and the National Aquaculture Development Authority (NAQDA), launched the Shrimp Industry Information System (SIIS) – Sri Lanka’s first-ever integrated digital platform for the aquaculture sector. Developed under the FAO-led project “Smart and Sustainable Aquaculture […]
Agreement signed for Port City’s first Commercial Office Development, the iconic Colombo Gateway
In Colombo, a new era of modern office infrastructure is set to begin at Port City Colombo with the development of Colombo Gateway Tower One, led by a consortium of investors spearheaded by Canary Wharf Holdings Pte Ltd based in Singapore. Canary Wharf is the development arm of Investment Advisory firm Platinum Advisors Pte Ltd, […]
CSE Signs MOU with Seylan Bank PLC to Streamline Foreign Investment
The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), signed a Memorandum of Understanding (MoU) with Seylan Bank PLC to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident Sri Lankans and Foreign Individuals (FIs) who wish to open CDS accounts through the CSE Mobile App. […]
NVQ Level 4 accreditation for Barista, Setting new benchmark in coffee education
Barista Coffee Lanka (Pvt) Ltd proudly announced that it has been awarded National Vocational Qualification (NVQ) Level 04 accreditation under the Tertiary and Vocational Education Commission (TVEC). The NVQ Level 04Barista Training Program, the first of its kind in Sri Lanka, was conceptualized, co-created, and fully funded by Barista. This achievement underscores the company’s long-term […]
KiddieCove Academy: Two sisters, one vision, transforming early childhood education
KiddieCove Preschool and Daycare is rapidly establishing itself as a leading provider of early childhood education across Sri Lanka, with flourishing branches in Thalawathugoda, Malabe, and Mount Lavinia. Founded by sisters Naduni and Esha Samarakoon, KiddieCove offers a safe, nurturing, and innovative learning environment where children embark on their educational journey through exploration and creativity. […]
Mahindra Ideal Finance records 204-pct growth in PBT to Rs. 477Mn for H1 FY26
Mahindra Ideal Finance Limited (MIFL) has delivered strong growth in income and profits during the six months ended 30th September 2025 (H1 FY26), fueled by a rapid expansion in its multi-brand vehicle financing portfolio. Total Income for the period rose by 47% Year-on-Year (YoY) up to Rs. 1.85 billion, while Profit Before Tax (PBT) increased […]
Government responds to key industry appeals on VAT and SME needs: SLABA
The Sri Lanka Apparel Brands Association (SLABA), representing all leading Sri Lankan apparel and fashion brands, enthusiastically welcomes theBudget, which addresses the majority of the industry’s key requests to strengthen the domestic apparel ecosystem. Government Hears Industry Voice SLABA commends the Government for responding decisively to industry concerns, particularly the implementation of VAT on imported […]
Sri Lanka’s Budget Sticks to Fiscal Consolidation Path: Fitch Ratings
The Sri Lankan government’s latest budget indicates that the authorities remain committed to reducing government debt/GDP over the medium term after beating their targets in the 2025 budget. Fitch Ratings believes sustained strong revenue performance will remain key to meeting the government’s fiscal goals. The budget, unveiled on 7 November, targets a deficit of 5.1% […]
ADB approves USD100 Mn to strengthen macroeconomic resilience, transparency in Sri Lanka
The Asian Development Bank (ADB) has approved a $100 million financing package to build on Sri Lanka’s progress toward macroeconomic stability and to help achieve sustainable growth following the economic crisis. This will be done by strengthening public expenditure management, improving revenue mobilization, and fostering private sector participation. “Sri Lanka has made commendable progress in […]
Ceylon Chamber Says Budget 2026 Calls for Faster Implementation of Reforms to Achieve Growth Targets
The National Budget 2026 maintains a clear trajectory of policy predictability, fiscal consolidation, and disciplined debt management, continuing the stability required for Sri Lanka’s medium-term reform agenda. This consistency is critical for sustaining a transformative growth trajectory that is underpinned by low inflation, stable interest rates and renewed investor confidence. With economic recovery driven primarily […]