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SEC Renews MOUs with National Universities to Grant more Opportunities for Undergraduates
The Securities and Exchange Commission (SEC) signed revised Memoranda of Understanding (MoUs) with Eastern University of Sri Lanka (EUSL) and the South Eastern University of Sri Lanka (SEUSL) last week, reinforcing its commitment to supporting the educational and career aspirations of undergraduates. The SEC began its partnership with national universities in 2008 through the signing […]
Sri Lanka Banks’ Association reiterates support to new government
The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his party’s resounding victory at the Parliamentary election and pledged its support to the new government in the challenging journey ahead. The Association, which represents all licenced banks in Sri Lanka, also noted that its recent interactions with the Presidential Secretariat has […]
Ministers must exercise their unlimited power with responsibility: President
President Anura Kumara Dissanayake emphasized that the immense power granted to the ministers must be wielded with responsibility. He acknowledged that while the victory is monumental, the weight of the responsibility that comes with it is equally important, and that collective effort is needed to carry it forward. These remarks were made by President Dissanayake […]
Sri Lanka swears in new cabinet of Ministers today
Sri Lanka’s new Cabinet of Ministers, under the National People’s Power (NPP) government, was sworn in before President Anura Kumara Dissanayake in Colombo, Monday. The Deputy Ministers will be named later. The NPP’s win is seen as a mandate for anti-corruption efforts and economic reforms, following Dissanayake’s presidential election success. President Anura Kumara Dissanayake has […]
Opinion: US Election Outcomes and Trade Policy Changes – What It Means for Sri Lanka
By Dr Asanka Wijesinghe Now that the United States (US) election has concluded, what direction will the US’s trade policy be headed? This is one of the burning questions that many of its trading partners are asking in the aftermath of the presidential election. A costly trade war was the outcome of the tariff hikes in […]
Hayleys records 78-pct growth in PBT to Rs.12.7Bn
The Hayleys Group delivered remarkable growth and profitability during the first half of the financial year ending 31 st March 2025, as it leveraged its leading market positions across diverse business verticals to deliver a Profit Before Tax of Rs.12.73 bn, an increase of 78% over the corresponding period of the previous year. Meanwhile, the […]
JAAF congratulates NPP on securing clear majority in Parliament
The Joint Apparel Association Forum (JAAF), representing Sri Lanka’s largest export industry, extends its warm congratulations to the National People’s Power on securing a resounding majority in the General Election. As Sri Lanka begins a new chapter, JAAF reaffirms its commitment to working closely with the new leadership to drive economic growth, foster sustainable employment, […]
New SEC Chief Unveils Strategic Plans for Short-Term and Long-Term Capital Market Growth
Senior Professor D.B.P.H. Dissabandara, appointed as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), highlighted the importance of balancing market development with robust regulatory oversight to ensure the security, fairness, and efficiency of Sri Lanka’s capital markets. To achieve these objectives, Prof. Dissabandara outlined a comprehensive set of plans, focusing […]
First STS Operation for Liquid Cargo at Hambantota International Port
Hambantota International Port (HIP) has completed its first commercial ship-to-ship (STS) transfer operation for liquid cargo, marking another major milestone in the port’s expanding capabilities. The operation, carried out in collaboration with Singapore-based company Shipload Maritime to facilitate Laugfs vessel ‘Gas Challenger,’ highlights HIP’s commitment to becoming a key player in liquid cargo handling within […]
Final Results: President Dissanayake’s NPP Secures Two-Thirds Majority with 159 Parliamentary Seats
The National People’s Power (NPP) party, led by President Anura Kumara Dissanayake, has secured a two-thirds majority in the Sri Lankan Parliament. The NPP secured a dominant majority, receiving 6,863,186 votes and claiming 159 Parliamentary seats. Following them, the Samagi Jana Balawegaya (SJB) obtained 1,968,716 votes and 40 seats. The Ilankai Thamil Arasu Kachchi (ITAK) […]