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EDB-JICA Partnership Extended to Boost Sri Lanka’s ICT/BPM Growth in Japanese Market
Sri Lanka Export Development Board (EDB) and the Japan International Cooperation Agency (JICA) have established a strategic partnership to strengthen the Sri Lankan ICT/BPM sector within the Japanese market. Started in 2024, this initiative supports 30 Sri Lankan SME ICT/BPM companies and startups over a period of two years by providing market intelligence, business coaching, […]
| Why 95-pct of GenAI Projects Are Failing
Artificial Intelligence was supposed to be capitalism’s golden goose — rewriting emails, reinventing customer service, and reshaping entire economies. But a new MIT study says 95% of enterprise AI pilots fail to deliver meaningful revenue. Instead of breakthroughs, most companies end up with expensive dashboards and endless beta tests. T he hype cycle feels eerily […]
Ceylon Chamber Highlights Opportunities in UK’s Enhanced Trade Scheme
The Ceylon Chamber of Commerce welcomes the UK Government’s liberalisation of rules of origin under its Developing Countries Trading Scheme (DCTS), set to take effect in early 2026. This important step reflects the UK’s continued commitment to greater trade openness and flexibility, offering Sri Lankan exporters enhanced access to one of their key markets. The […]
Stallion Consultancy Takes Over ACAP Stockbrokers in Strategic Market Play
Stallion Consultancy (Private) Limited has swooped in to acquire ACAP Stockbrokers (Private) Limited from Asia Capital PLC, marking a strategic power play that promises to reshape Sri Lanka’s stock brokerage landscape through a complete rebrand and fresh market positioning. The acquisition brings heavyweight leadership credentials to the table, with Stefan Abeyesinhe stepping in as Chairman, […]
Fitch Ratings: Developed Economies’ Potential Growth Revised Up to 1.6-pct
Fitch Ratings has updated its five-year projections for supply-side potential GDP growth for the 10 developed economies (‘DM10’) covered in its Global Economic Outlook. The GDP-weighted average DM10 potential growth projection has been raised to 1.6% a year from 1.4% in the previous report in August 2023. This reflects more optimistic projections for the US, revised […]
Opinion: Not Too Late for a Winning Bet – The Need to Redraft the Gambling Bill
By Sudaraka Ariyaratne After weeks of discussion, the Committee on Public Finance approved the Gambling Regulatory Authority (GRA) Bill last Wednesday. While the Bill faces its second reading in Parliament this Tuesday, its many deficiencies remain—helping create a regulator not worth its salt. Gaming encompasses both gambling—games of pure chance like casinos and lotteries—and betting, […]
‘s Upgraded DCTS Rules of Origin Allow SL Manufacturers to Source Up to 100-pct of Inputs Globally
Sri Lankan garment manufacturers will soon have “unprecedented access” to UK markets due to liberalized trade rules set to take effect in early 2026. The changes to the UK’s Developing Countries Trading Scheme (DCTS) will allow more garments manufactured in Sri Lanka to be exported to the UK duty-free. Under the new rules, Sri Lankan […]
Sunshine Holdings marks successful completion of ‘Smart Life Challenge’
Diversified conglomerate Sunshine Holdings (CSE: SUN) successfully concluded Phase 01 of the ‘Smart Life Challenge’, a three-month employee wellness programme designed to encourage sustainable lifestyle improvements among its workforce. Initiated and led by the Group’s HR team, this programme focused on fostering healthier habits, enhancing physical and mental well-being, and strengthening team spirit across all […]
Newcomers deliver big finishes as speedstar championship 2025
The SpeedStar Championship 2025 came to a thrilling close at SpeedBay in Port City Colombo, marking the end of a dynamic three-round karting series that welcomed complete newcomers to the sport. Designed exclusively for novice drivers with no prior motorsports experience, the championship offered a unique opportunity for first-time racers to experience competition in a […]
Empowering Youth: U.S. Launches Young South Asian Leaders Initiative Workshop in Colombo
Today in Colombo, U.S. Ambassador to Sri Lanka Julie Chung, Acting Deputy Assistant Secretary for South and Central Asian Affairs Shelly Seaver, and Minister of Youth Affairs and Sports Hon. Sunil Gamage opened the inaugural workshop of the Young South Asian Leaders Initiative (YSALI), a U.S. government-funded program aimed at empowering youth leaders, promoting peace, […]