Category: Industry
Ceylon Chamber discussion puts energy security at the centre of Sri Lanka’s growth agenda
The Ceylon Chamber of Commerce brought together policymakers, industry players, academics and other stakeholders last week for a discussion on Sri Lanka’s energy transition, framing the shift to cleaner power as much a matter of economic strategy as environmental necessity. The event, titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets,” comes as […]
EDB and Import Promotion Desk (IPD), Germany Sign MoU to Strengthen Export Cooperation for Sri Lankan Exporters
The Sri Lanka Export Development Board (EDB) and the Import Promotion Desk (IPD), Germany, signed a Memorandum of Understanding (MoU), reaffirming their long-standing partnership to strengthen export development and enhance market access for Sri Lankan Export Oriented SMEs. The MoU was signed in the presence of Dr. Julia Bellinghausen, Head of IPD, together with Mr. […]
Sri Lankan drone startup Scouts closes investment round at LKR 1.6Bn valuation, gearing up to take on regional intelligent robotics market
Scouts, Sri Lanka’s pioneering intelligent drone and robotics company, has closed a funding round at a valuation of LKR 1.6 billion. In a market that has historically exported its engineering talent rather than retaining it, the round represents something more than a financing milestone. The company offers an economically viable solution for security, from small […]
Sampath Bank Launches Sri Lanka’s First Real-Time USD Payment Solution for Sri Lanka Ports Authority Users
Sampath Bank PLC and the Sri Lanka Ports Authority (SLPA) have jointly launched Sri Lanka’s first real-time USD payment solution for the maritime industry, eliminating traditional manual payment processes and streamlining foreign currency transactions across the country’s shipping and logistics ecosystem. The initiative marks another industry-first innovation from Sampath Bank and a significant step forward […]
Sri Lanka Retailers’ Association Unveils Strategic Roadmap for the Future at 9th AGM
The Sri Lanka Retailers’ Association (SLRA) successfully held its 9th Annual General Meeting (AGM) on 23 June 2026 at Hilton Colombo Residencies, bringing together members of the country’s organized retail sector to review the Association’s achievements over the past year and outline its strategic priorities for the future. The AGM formally adopted the Annual Report […]
Vietjet opens bookings for first-ever direct flights between Sri Lanka and Vietnam
Vietjet has opened bookings with special launch fares for its new Colombo–Ho Chi Minh City route, scheduled to commence on 18 August 2026. The service will be the first scheduled direct air connection between Sri Lanka and Vietnam, further strengthening tourism, business, and cultural ties between the two countries. To celebrate the new route, Vietjet […]
INFRACON 2026 to Unite South Asia’s Infrastructure and Construction Industry in Colombo
Sri Lanka’s premier exhibition dedicated to the infrastructure and construction sector, INFRACON 2026, will be held from 3rd to 5th July 2026 at the Bandaranaike Memorial International Conference Hall (BMICH), Colombo, bringing together leading companies, industry professionals and decision-makers from across South Asia. Organized by Lanka Exhibitions and Conference Services (Pvt.) Ltd. (LECS) in collaboration with SAVOR International Limited of Bangladesh, the […]
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 […]