Author: LBO

forex-reserves

Sri Lanka’s Reserves: Build Them Wisely, Not at Any Cost

“The whole is greater than the sum of its parts.” — Aristotle By Prof. Asoka.S.Seneviratne  Summary The Governor of the Central Bank of Sri Lanka, Dr Nandalal Weerasinghe, deserves credit for placing the question of foreign-reserve accumulation within its proper broader context: reserves cannot be built sustainably at any cost. At the Reserve Management Conference […]

Foreign Minister Vijitha Herath to Undertake Official Visit to Thailand

Minister of Foreign Affairs, Foreign Employment & Tourism Vijitha Herath will undertake an official visit to Thailand from 14 to 16 September 2026, at the invitation of the Minister of Labour of Thailand. During the visit, Minister Herath will hold discussions with the Minister of Labour, Minister of Tourism and Acting Minister of Foreign Affairs […]

colombo-port

Opinion: How & Why Economic Growth & Development Matter

By Prof. Asoka S. Seneviratne Executive Summary The central question for Sri Lanka is whether economic growth is improving the lives and opportunities of ordinary citizens. Growth is often presented as a headline GDP percentage, but it is morally neutral: it does not automatically guarantee fairness, equitable distribution or improvements in human capability. Sri Lanka’s […]

Sampath-Bank-Head-Office

Sampath Bank Appoints Dilip de S Wijeyeratne as Deputy Chairman

Sampath Bank PLC announced the appointment of Mr. Dilip de S Wijeyeratne as Deputy Chairman, effective 10th September 2026, further strengthening the Bank’s leadership as it advances its strategic priorities and continues to evolve as a purpose-led, technology-enabled financial institution. Mr. Wijeyeratne brings extensive experience across banking, finance, risk management and compliance, investment banking and […]

Singer partners with Mintpay to make every upgrade more flexible and rewarding

Singer, one of Sri Lanka’s largest and most trusted consumer durables retailers, has partnered with Mintpay, Sri Lanka’s premier payments platform, to give customers a more flexible and rewarding way to pay across its network. With this collaboration, Singer customers can now split the cost into three interest-free instalments with Pay Later or pay upfront […]

Colombo

Godrej consumer products consolidates international media operations under WPP media

Godrej Consumer Products Ltd. (GCPL), a leading emerging markets FMCG company, has appointed WPP Media as its global media agency partner for its international business spanning Sri Lanka, Bangladesh, Nigeria, South Africa, Indonesia, Argentina and Chile. EssenceMediacom, part of WPP Media, has already been managing GCPL’s media mandate in India since 2025. The appointment follows […]

Vietjet’s three-day 9.9 sale offers fares from USD90 on flights to Vietnam

Vietjet is giving Sri Lankan travellers another reason to plan their next trip, with a three-day 9.9 sale featuring Eco tickets from USD90 one-way (inclusive of taxes and fees) and 22% off Deluxe base fares on its newly-launched Colombo–Ho Chi Minh City route. The sale runs from 22:30 on 7 September to 21:30 on 10 […]

tea

Renegotiating Plantation Company Leases Mid-Tenure Could Impact FDI: Advocata Institute

Plans to prematurely renegotiate the lease agreements of Regional Plantation Companies (RPCs) set a dangerous precedent against security of tenure and risk discouraging foreign direct investment (FDI) into state-owned lands, the Advocata Institute warned. This follows a statement made by President Anura Kumara Dissanayake, who announced that the government is reviewing existing RPC lease agreements, […]

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