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Opinion: Sri Lanka – The Next Frontier for Global Investors
69% market surge creates compelling opportunity for international capital as recovery story gains momentum By Uddeepa Peiris After a spectacular 69.69% year-on-year rally that has catapulted the Colombo Stock Exchange All-Share Price Index (ASPI) to 19,532 points, Sri Lanka’s stock market has emerged as one of the world’s most compelling investment destinations for international investors. […]
A new era begins: City of Dreams Colombo reshapes Sri Lanka’s travel and leisure scene
Sri Lanka’s largest investment and South Asia’s first integrated resort opened its doors, heralding a bold new chapter in the nations’ economic journey. Positioned at the crossroads of modern luxury and local artistry, City of Dreams Sri Lanka (COD SL), is a living showcase of Sri Lankan ambition, creativity and global vision. The transformative destination […]
Colombo Stock Exchange Launches a Central Counterparty system
The Colombo Stock Exchange (CSE) marked a historic milestone in Sri Lanka’s capital market with the launch of a Central Counterparty (CCP) framework for equity transactions, a transformative development that significantly enhances the safety, efficiency, and global competitiveness of the domestic capital market. To commemorate this milestone achievement a special Market Opening Ceremony was held […]
Ceylon Chamber Acknowledges U.S. Tariff Reduction, Stresses Importance of Durable Trade Terms
The Ceylon Chamber of Commerce commends the Government of Sri Lanka and the national negotiation team on the successful outcome of recent discussions with the United States, which led to a further reduction in the reciprocal tariff rate – from 30% to 20% – on Sri Lankan exports. “While this is clear progress reflecting the […]
Free Trade Zone Manufacturers Association Rules Out Additional MFN Levies, Says 20-Pct Tariff Stands Alone
Dhammika Fernando, Chairman of the Free Trade Zone Manufacturers Association (FTZMA), emphasized that the new 20% U.S. tariff on Sri Lankan imports is a standalone rate and will not be added on top of existing Most-Favored-Nation (MFN) duties. “A 12% to 16% average MFN rate applied on Sri Lankan apparel earlier,” Fernando explained. “Some people […]
US Dollar Shows Signs of Stabilisation on Easing Policy Uncertainty: Fitch Ratings
The US dollar has shown early signs of stabilisation against other currencies in the past few weeks, as US policy uncertainty has eased from record highs, Fitch Ratings says in its latest FX Market Monitor. The DXY Dollar Index (a weighted-average of six bilateral exchange rates with developed market countries with reserve currencies) remains about […]
EDB at 46: A Legacy of Transformative Progress
The 1st of August 2025 marks the 46th anniversary of the Sri Lanka Export Development Board (EDB), the country’s apex organization for export promotion and development. Established under the Sri Lanka Export Development Act No. 40 of 1979, the EDB plays a pivotal role in shaping a vibrant and diversified export sector, positioning Sri Lanka […]
Sunshine Holdings reports 11.6% YoY top-line growth in 1QFY26
• Consolidated revenue of LKR 15.9 billion • Healthcare revenue up 14.0% YoY to LKR 8.6 billion • Consumer revenue up 3.7% YoY to LKR 4.8 billion • Agribusiness revenue increased by 20.7% YoY to LKR 2.5 billion August 03, 2023: Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) delivered a resilient start to […]
Pan Asia Bank posts PAT of over Rs. 2.1Bn for 1H2025; Increase of 110-pct
Operating Profit before Taxes on Financial Services – Rs. 3.83 billion, up by 40% Profit before Tax – Rs. 2.91 billion, up by 46% Profit after Tax – Rs. 2.15 billion, up by 110% Total Assets grow by Rs. 18 billion, up by 7% Net Interest Income – Rs. 6.27 billion, up by 7% Net […]
US Lowers Tariffs on Sri Lankan Imports to 20-pct
The United States has once again lowered tariffs on goods imported from Sri Lanka, with the new rate set at 20%. This move, confirmed by the White House, follows an executive order signed by President Donald Trump that also revises tariffs for 40 other nations. The new tariff rate will come into effect on August […]