Author: LBO
Sri Lanka Business Delegation to India: Strengthens Bilateral Trade and Opens New Opportunities for Gem & Jewellery Sector
The Sri Lanka Export Development Board (EDB), with the support of the Sri Lanka High Commission in New Delhi and the Sri Lanka Consulate in Mumbai, is organizing a Sri Lankan Business Delegation to India from 8th to 13th August 2026, with a focus on strengthening bilateral trade and investment relations and expanding opportunities for […]
Ambassador Saman Chandrasiri Presents Credentials to the President of the State of Israel
The newly appointed Ambassador of Sri Lanka to the State of Israel, Saman Chandrasiri, presented his Letter of Credence to H.E. Isaac Herzog, President of the State of Israel, on 3 August 2026 at Beit HaNassi, the President’s Residence in Jerusalem. President Herzog warmly welcomed Ambassador Chandrasiri and wished him success in his assignment in […]
Rosamund Pike visits Sri Lanka as mine clearance reaches one-million milestone
Golden Globe, Emmy, and Olivier Award-winning actor Rosamund Pike, ambassador to the Mines Advisory Group (MAG), is visiting Sri Lanka this week as the country marks the clearance of one million landmines over the past 17 years. Her visit highlights the remarkable progress made by Sri Lanka’s mine-action sector and the importance of maintaining momentum […]
Cinnamon Box Office: Launch of Destination Event Calendar to Elevate Colombo’s Entertainment Landscape
Cinnamon Box Office unveils a new era of entertainment with the world’s leading Michael Jackson tribute concert, This Is Michael – Relive the Legend, presented by City of Dreams Sri Lanka CCinnamon Box Office (CBO), the strategic ticketing engine connecting audiences, event partners and world-class productions, introduced its Destination Event Calendar at the official launch […]
Hemas Sustains Q1 Revenue Amid Market Volatility; Sharpens Focus on Margin Recovery
Hemas delivered revenue growth of 0.9% YoY to Rs. 28.77 Bn in Q1 FY27, supported by growth in Consumer Brands, Hospitals and Mobility. Gross profit margin improved to 30.4%, demonstrating the benefits of pricing actions and portfolio mix improvements. The escalation of conflict in the Middle East led to rising global fuel, freight and raw […]
PickMe Launches Colombo Connect as First Flagship Destination Under New PickMe Explore Platform
Lotus Tower becomes the first destination connected to a city-wide digital ecosystem linking Colombo’s attractions, culture, entertainment and commerce. PickMe yesterday launched Colombo Connect, the first city-wide destination to be introduced under its newly unveiled PickMe Explore platform, a national digital ecosystem designed to connect attractions, experiences, events and communities through a single technology platform. […]
‘Sri Lanka AI Week 2026’ launched with the theme ‘AI Amplified’ by the Ministry of Digital Economy and SLT-MOBITEL
The premier AI event showcases Sri Lanka’s AI potential with four captivating events including AI Leaders Night, AI Conference, AI Expo, and National AI Awards Building on the success of Sri Lanka’s first-ever National AI Expo & Conference held last year, the Ministry of Digital Economy of Sri Lanka and SLT-MOBITEL, the National ICT Solutions […]
Applications Open for CSSL National ICT Awards 2025
The Computer Society of Sri Lanka (CSSL) has officially called for applications for the prestigious CSSL National ICT Awards 2025, one of the country’s flagship platforms celebrating excellence in Information and Communication Technology. The society invites ICT professionals, educators, researchers, entrepreneurs, and students across the nation to submit their contributions and gain national recognition for […]
National SME Forum Scale Up 2.0 to Help SMEs Access Markets, Build Competitiveness & Prepare for Growth
The Ceylon Chamber of Commerce’s Scale Up 2.0, the National SME Forum 2026, on 11 August at the Taj Samudra, Colombo, will provide SMEs with a platform to address some of the most pressing challenges affecting business growth, from accessing markets and meeting evolving business requirements to securing finance and building the capabilities needed to […]
EDB, IFC & European Union Launch Third ExpoScaleUp Cohort to Boost Sri Lanka’s SME Export Competitiveness
The Sri Lanka Export Development Board (EDB), in partnership with the International Finance Corporation (IFC) and with the support of the European Union (EU) under the “Accelerating Climate Smart and Inclusive Infrastructure in South Asia (ACSIIS)” programme, has launched the third cohort of ExpoScaleUp, a flagship program tp designed to help Sri Lankan SMEs compete […]
Sri Lanka’s inflation climbs to 7.3% in July, highest since early 2025
Sri Lanka’s headline inflation picked up pace in July, with the Colombo Consumer Price Index (CCPI) rising to 7.3% year-on-year, up from 6.8% in June, according to Central Bank data released this week. The uptick was driven largely by a jump in housing rents, which pushed non-food inflation contributions higher for the month, along with […]
US Effective Tariff Rate Falls to 7.4% on Latest Tariffs and Changing Trade Flows: Fitch Ratings
The U.S. effective tariff rate (ETR) has declined to 7.4% from 9.4% after the U.S. replaced the temporary Section 122 surcharge with new Section 301 tariffs on imports from 60 economies, including the EU. The revised estimate also reflects Fitch Ratings’ use of annualized January-May 2026 trade flows instead of the 2024 import data used […]