Category: Industry
Sri Lanka Electricity Tariffs to Remain Unchanged for Q3 2026
The Public Utilities Commission of Sri Lanka (PUCSL) announced today that electricity tariffs will remain unchanged for the third quarter of 2026, maintaining the existing rates established in the second quarter. The decision follows a comprehensive review of cost estimates submitted by the National System Operating Company (NSO). According to the regulator, the projected increase […]
Facebook still rules Sri Lanka’s social media, but TikTok is closing in
Facebook remains the most used social media platform among Sri Lankan internet users, holding an 81% share according to the newly released Digital Outlook Sri Lanka 2026 report. YouTube follows at 72%, while TikTok has climbed to 48%, up 6 percentage points from last year. Instagram rounds out the top four at 42%. The bigger […]
New Odyssey movie inspires a worldwide journey — for scammers too: Kaspersky
An example of a website and the fake player prompting users to register to continue watching the movie Kaspersky experts have identified scam websites in multiple languages, suggesting that attackers are deliberately targeting audiences across different countries by capitalizing on the film’s extraordinary popularity. Christopher Nolan’s new Odyssey movie has been one of the most […]
Hambantota Port Clarifies Vehicle Storage Policy as RORO Volumes Continue to Grow
Vehicles lying at HIP awaiting clearance Hambantota International Port Group (HIPG) has clarified its vehicle storage policy following recent media reports, noting that while the Port currently accommodates more than 50,000 vehicles (both transhipment and local imports), approximately 1278 are lying in the yard for over 03 months, and 581 vehicles have remained at the […]
Ceylon Chamber Welcomes Reduction in US Labour-Related Tariff
The Ceylon Chamber of Commerce welcomes the positive development in the reduction of the labour-related tariff imposed on Sri Lankan exports to the United States, from 12.5% to 10%, following sustained engagement between Sri Lankan authorities and their counterparts in the United States. This outcome is an encouraging step forward for Sri Lanka’s export sector […]
Mercantile Investments strengthens foundation for growth with oversubscribed Rs. 1.1 Bn Rights Issue
Mercantile Investments & Finance PLC (MI Finance) has successfully concluded its Rights Issue, raising Rs. 1.1 billion in new capital. The Issue was oversubscribed, demonstrating a resounding confidence in the company’s strategy, performance, and long-term growth prospects. As applications outpaced the initial share offering, the strong shareholder participation provided a firm endorsement of MI Finance’s […]
Energy Minister Outlines Plan for 1,200 MW Battery Storage to Cover Evening Peak Demand
Speaking in Parliament in response to a question raised by Opposition Member of Parliament Ravi Karunanayake, Energy Minister Anura Karunathilaka stated that the Government has taken active steps to double the country’s rooftop solar generation capacity. He noted that while electricity generated through rooftop solar systems stood at 867 megawatts in 2024, government initiatives have […]
Energy Sector Stakeholders Identify Priorities to Accelerate Sri Lanka’s Renewable Energy Transition
The Ceylon Chamber of Commerce recently convened “Energy Transition in Sri Lanka: Strategic Insights from Global Markets,” bringing together stakeholders from government, industry, academia, and the energy sector to discuss the policies, investments, and reforms needed to accelerate Sri Lanka’s transition towards a more secure, affordable, and sustainable energy system. The discussion focused on the […]
IFC and HSBC Back Sustainable, More Competitive Port Infrastructure in Sri Lanka
The International Finance Corporation (IFC), a member of the World Bank Group, and HSBC are investing up to $40 million through financing in South Asia Gateway Terminals (Pvt) Ltd. (SAGT) to modernize and decarbonize operations at the Port of Colombo, the cornerstone of Sri Lanka’s maritime trade. The investment will advance the port’s competitiveness, resilience […]
SheTrades Sri Lanka Hub Launches Sinhala and Tamil Export Handbooks to Strengthen Women Entrepreneurs and SME Exports to the UK Market
The Sri Lanka Export Development Board (EDB), the host institution of the SheTrades Sri Lanka Hub, collaborated with the International Trade Centre (ITC) and the British High Commission in Colombo to launch two sector-specific export handbooks in Sinhala and Tamil. The handbooks aim to strengthen Sri Lankan women entrepreneurs and small and medium-sized enterprises’ (SMEs) […]
From cane field to finished product: The value chain powering Gal Oya
In the fields around Ampara, sugarcane begins as a rural crop. By the time it has moved through theGal Oya Plantations complex, however, it has become far more than sugar. The cane juice is processed for the domestic market. The fibre helps generate steam and electricity. Molasses is converted into Extra Neutral Alcohol. Fermentation creates […]
Hirdaramani Apparel and University of Moratuwa collaborate to transform textile waste into sustainable innovation
In a significant step towards advancing circularity, Hirdaramani Apparel collaborates with the University of Moratuwa on a three-year research initiative to explore how textile waste can be transformed into environmentally friendly ceiling panels. The partnership aims to address two pressing global challenges such as the growing volume of textile waste and the need for sustainable, […]