Category: Industry
FitsAir commences only direct air service between Colombo and Ahmedabad
FitsAir officially commenced direct operations between Colombo and Ahmedabad on 19th June 2026, becoming the only airline to offer non-stop flights between the two cities. Operating three times weekly, the new service strengthens connectivity between Sri Lanka and Western India while offering greater convenience for both leisure and business travellers. Ahmedabad, one of India’s leading […]
EDB Convenes Special Meeting with Industry Stakeholders to Address Challenges Faced by Coconut Coir and Fibre Product Exporters
The Export Development Board (EDB) recently convened a special meeting with key industry stakeholders to discuss the growing challenges confronting Sri Lanka’s coconut fiber export sector particularly the shortage of raw material that is disrupting production processes and driving up costs for manufacturers and exporters. Sri Lanka’s coconut coir and fiber-based product exports delivered a […]
Top three trends in software outsourcing, happening in 2026
It’s no secret that trends are constantly updating in the information technology industry, considering how fast-paced it is. While customers determine the path that businesses and their software development agency partners take, the introduction of new technologies (such as AI), now also lead the way. But it doesn’t stop there. Compliance is another major driving […]
Prime Residencies Commences Construction of THE GOLF on Lake Drive, Colombo 08
Prime Residencies, the real leader in the modern real estate, and a subsidiary of Prime Group, officially marked the commencement of construction on its latest ultra-luxury residential development, THE GOLF, with its groundbreaking ceremony held at the project site on Lake Drive, Colombo 8. The event brought together key stakeholders and project partners to mark […]
FCCISL and Indian High Commission Chart Path for Economic Cooperation; Focus on Digital Economy, SME Support, and Rupee-to-Rupee Bilateral Trade
The President and the Board of Directors of the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) convened with the High Commissioner of India to Sri Lanka His Excellency Santosh Jha to discuss a bilateral economic framework. The meeting focused on advancing SME development, creating a unified startup ecosystem, driving digital economic […]
First Capital Fixed Income Fund Delivers Highest 5-Year CAGR Among Open-Ended Income Funds in Sri Lanka
First Capital Wealth Management Limited (FCAM), the wealth management arm of First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group), has enhanced its unit trust offering through the First Capital Fixed Income Fund (FCFIF), further widening access to investment opportunities and making professionally managed unit trusts more accessible to investors with diverse financial and […]
Xiaomi Sri Lanka and Raffealla Fernando showcases “The Art of Telephoto” with the Xiaomi 17T
Xiaomi Sri Lanka hosted “The Art of Telephoto,” a Leica-powered photography exhibition at One Galle Face Mall, Level 02, bringing together creativity, fashion, visual storytelling and smartphone photography in an engaging experience for guests and photography enthusiasts. Held in collaboration with renowned Sri Lankan creative personality Raffealla Fernando, the exhibition presented a curated collection of […]
Manageable Impact on Sri Lankan Lenders’ Capital from Higher Gold-Loan Risk Weights: Fitch Ratings
Fitch Ratings believes the Central Bank of Sri Lanka’s tighter capital treatment for gold-backed lending will have a mostly manageable impact on rated banks’ and finance companies’ capital ratios, while supporting risk profiles. The impact on Fitch-rated finance companies is likely to be larger than on banks because gold-backed lending accounts for a larger share […]
Sri Lanka’s Newest Cargo Carrier ‘WEAIR’ Launches Operations with Luxembourg Backing
Sri Lanka’s aviation and logistics sector marked an expansion with the official launch of ‘WEAIR’, the country’s newest cargo airline. The venture officially commenced operations on June 6, 2026, during an inauguration ceremony at the Kingsbury Hotel in Colombo, held under the patronage of Vijitha Herath, Minister of Foreign Affairs, Foreign Employment, and Tourism. Financed […]
Kaspersky discovers new corporate phishing technique using popular AI web development platform
Kaspersky has discovered that attackers have begun exploiting another legitimate service for malicious purposes – this time it is Tencent EdgeOne Pages, a platform for creating and hosting web applications. Attackers are misusing its capabilities to generate phishing emails targeting corporate users. Previously Kaspersky has described similar attacks leveraging Google services and web applications generated […]
Sri Lanka Tourism Revenues Stable, Minister Clarifies
Sri Lanka’s tourism revenues have not declined, Foreign Minister Vijitha Herath told Parliament on Tuesday, explaining that recent figures reflect a shift to internationally recognized survey methodologies rather than a downturn in earnings. “The actual dollar amount spent by a foreign tourist in Sri Lanka has been accurately determined, and there has been no major […]
Janashakthi Life Extends entry age to 80, Extending availability of protection when most needed
Janashakthi Life, a leading brand in the insurance industry and a flagship brand of JXG (Janashakthi Group), has introduced a landmark innovation in life insurance, launching a new benefit that extends protection beyond traditional age limits and redefines long-term financial security for Sri Lankan customers. In a first for the local insurance industry, Janashakthi Life […]