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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, […]
CPCEC Reaffirms Commitment to Compliance and Business; Visa Suspended of Two Authorised Persons
This statement is following recent developments reported in the media, regarding the detention and deportation of foreign nationals employed by entities operating as Authorised Persons (APs) licensed by the Colombo Port City Economic Commission (CPCEC). Following the alleged incident, the CPCEC has suspended the issuance of Visa recommendations for the two APs whose employees were […]
Hayleys Solar named one of LMD’s most loved brands 2025
Hayleys Solar, Sri Lanka’s No.1 solar solutions provider, has been recognised as one of LMD’s Most Loved Brands for 2025, making history as the only renewable energy brand to earn this prestigious honour. The accolade marks a pivotal moment for Sri Lanka’s clean energy sector, reflecting both public trust in Hayleys Solar and broader national […]
Deflation expected to end by Q3-2025; economy to grow by around 4.5-pct in 2025: CBSL
The Central Bank of Sri Lanka (CBSL) has released its second Monetary Policy Report for 2025, in line with the transparency and accountability requirements of the new Central Bank of Sri Lanka Act, No. 16 of 2023. The biannual report offers a forward-looking analysis of the economy, with a specific focus on the inflation and […]
U.S. Navy Littoral Combat Ship USS Santa Barbara to Arrive in Colombo
The U.S. Embassy in Sri Lanka announces the visit of the Independence-variant littoral combat ship USS Santa Barbara (LCS 32) to the Port of Colombo on August 16. The visit marks the USS Santa Barbara’s first port call to Colombo, underscoring the strength of the U.S.–Sri Lanka partnership and our shared commitment to a secure, […]
ComBank creates history in Q2 as first private sector bank with assets of Rs. 3 trillion
Group deposits surpass Rs. 2.5 Tn. mark Loan book grows by Rs. 206 Bn. in 6 months to Rs. 1.73 Tn., disbursements average Rs. 34.33 Bn. per month Group net interest income up 17.39% to Rs. 68.81 Bn. Improves NIM and CASA Total taxes increase by over 60% for 6 months to Rs 24.42 Bn. […]