Author: LBO
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 […]
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 […]
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 […]
HIP Sets New Container Throughput Record with MSC Vessel
Hambantota International Port (HIP) successfully handled container vessel MSC Marie Leslie, marking one of its highest-volume vessel calls to date. The achievement further strengthens the port’s position as an emerging hub for containerised cargo in the region. The vessel, operated by Mediterranean Shipping Company (MSC), was berthed at HIP from 11 to 15 April 2026. […]
Vice President of India visits Sri Lanka to strengthen bilateral ties
The Vice President of India Shri C. P. Radhakrishnan undertook an official visit to Sri Lanka from 19 to 20 April 2026. The visit took place in the backdrop of intensified high-level engagement between the two countries, including the visit of President Anura Kumara Disanayaka to India in December 2024, the visit of Prime Minister […]
Petrol, Pressure and Public Sentiment: Sri Lanka’s Fuel Crisis Through the Lens of Real Conversation
Over 64,000 engagements. More than 3,100 online results. 853 unique voices. Nearly 30 per cent of conversations running negative. Talkwalker captured the full arc of Sri Lanka’s National Fuel Pass conversation as it unfolded and what it reveals about public trust, economic anxiety, and the cost of getting policy wrong should matter to every institution […]
Inadequate LPG Price Hike Compels the Vulnerable to Subsidize the Wealthy: Advocata Institute
While Advocata Institute welcomes the recent Liquefied Petroleum Gas (LPG) price increase by Litro Gas Lanka, it remains inadequate and indirectly forces Sri Lanka’s vulnerable segments to subsidize wealthier LPG consumers. This inequity arises because the retail price remains below cost-reflective levels despite the price revision. In April 2026, Saudi Aramco’s Asia-Pacific benchmark rose sharply, […]
Central Bank Releases the Annual Economic Review for the Year 2025
The Annual Economic Review 2025, the publication in accordance with Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023, was presented to His Excellency Anura Kumara Dissanayake, the President and the Minister of Finance, Planning and Economic Development, by Dr. P Nandalal Weerasinghe, the Governor of the Central Bank of […]
Sri Lanka Receives 2.6 mn USD from Japan for Two New projects to Strengthen Climate Resilience & Gender Equality
The Government of Japan through its Japanese Supplementary Budget (JSB) has reaffirmed its commitment to supporting Sri Lanka’s development journey by announcing two new projects, aimed at fostering climate resilience in vulnerable communities and advancing gender equality. These initiatives, together with the Government of Sri Lanka and implemented in partnership with the United Nations Development […]
VIDEO: BYD – The biggest scam of the car industry ?
For 100 years, the global car industry belonged to Germany, Japan, and the United States. In three years, BYD turned it into a bloodbath. Mercedes down 28%. Porsche lost 92% of its profits in a single year. Volkswagen cutting 50,000 jobs. Stellantis posting a $26 billion loss — its worst in history. And behind every […]