All Blogs
Tribute: Nissanka Welikala – Planter (1945-2026)
April 28, 2026 (LBO) – In Sri Lanka you come across all types of ‘characters’, and then there was my Uncle Nissanka, AKA Aswin, Alex and of course ‘Boora.’ Nissanka Welikala was the only son of Radiologist Dr. A. H. N. Welikala and Viola Welikala. Dr. Welikala dropped dead of a heart attack in his […]
Sri Lanka’s real estate leaders to chart a 10-year vision at RIUNIT forum
What does the next decade hold for Sri Lanka’s real estate market? That’s exactly the question a room full of industry leaders will be sitting down to answer next month. The Research Intelligence Unit (RIUNIT) who initiated this effort is hosting Driving Growth Through Real Estate: 10 Year Plan — a high-level forum bringing together […]
Ceylon Tobacco Company PLC appoints Sarmad Abbasi to the helm
Ceylon Tobacco Company PLC (CTC) today announced the appointment of Sarmad Abbasi as its Managing Director and Chief Executive Officer, effective from 1st May 2026. Mr. Sarmad Abbasi takes on the role from Ms. Fariyha Subhani who served as Managing Director and Chief Executive Officer of the Company since April 2024, continuing the company’s legacy […]
Emerald Clothing Steps into Acquiring Selected HelaFactories, Safeguarding Jobs and Sri Lanka’s Export Base
Emerald Clothing (Pvt) Ltd has stepped in to secure the continuity of key operations previously run by Hela Clothing (Private) Limited, in a move aimed at stabilizing exports and safeguarding employment. The intervention comes as Hela faces liquidity constraints. Emerald Clothing said it has implemented an operational transition to ensure that manufacturing output and selected […]
IFC and WindForce PLC Partner on Sri Lanka’s First Large‑Scale Solar Project to Lower Power Costs, Strengthen Energy Security
The International Finance Corporation (IFC), a member of the World Bank Group, announced a partnership with WindForce PLC to develop Sri Lanka’s first utility‑scale 100‑megawatt (MW) solar power facility, a landmark project that will accelerate the country’s energy transition, strengthen energy security, lower electricity costs and create thousands of jobs. The project will generate around […]
ADB Fact-Finding Mission Visits EDB to Review Progress of National Export Development Plan
The Sri Lanka Export Development Board (EDB), in collaboration with the Asian Development Bank (ADB), is making significant progress in the formulation of the National Export Development Plan (NEDP) for the period 2026–2030. This strategic initiative is designed to position Sri Lanka on a path of sustained export-led economic growth, aligned with the Government’s national […]
Why software outsourcing is essential for emerging startups today
As one of the top offshore software development companies in Sri Lanka, EFutures, thanks to its established position in the space, has also obtained a front-row seat of trends as they ebb and flow, through the years. The startups of yesteryear were comparatively simpler; begin with minimal investments from your garage, and focus on quality […]
CEPA:Twenty-Five years of not looking away
by Rebecca Jayatissa, Communications Professional – CEPA As the Centre for Poverty Analysis marks a quarter century of work, Sri Lanka has cause to reflect on what independent research has meant for the country’s most vulnerable communities. In May 2001, nine professionals working on poverty-related issues in Sri Lanka came together around a shared conviction: […]
Emerging Asia Could Face Increased Food-Cost Pressures: Fitch Ratings
Emerging markets in Asia would see rising cost pressure across agribusiness and food supply chains if a prolonged US-Iran war pushes fertiliser supply disruption deeper into the planting season, Fitch Ratings says. For these sectors, reduced fertiliser availability and higher prices would raise production costs, discourage application rates and weaken crop yields, which would lead […]
Sri Lanka’s Export Performance Remains Steady with Strong Q1 2026 Growth
Sri Lanka’s total exports, including both merchandise and services, reached US$ 1,467.31 million in March 2026, reflecting a year-on-year decline of 5.2 % compared to March 2025. However, on a month-on-month basis, exports increased by 9.0% compared to February 2026 (US$ 1,346.2 million), indicating a recovery in export momentum during the month. According to provisional […]