Category: Lead Story

Sri Lanka Placed on Elevated Concern as Climate Shocks & Energy-Driven Cost Pressures Converge Ahead of Maha Season: FAO Report

Sri Lanka has been categorized under “Elevated Concern” (Tier 2) in a joint Asia-Pacific risk assessment published by UN agencies and global climate monitors. The classification comes as the island nation faces a dangerous convergence of intensifying climate anomalies and lingering global price shocks across fuel, fertilizer, and food systems (3FS). With the critical Second […]

Sri Lanka Extends US$ 1 Million Humanitarian Assistance to Nepal

In a demonstration of Sri Lanka’s solidarity with the people of Nepal following the devastating floods and landslides that have caused loss of life, displacement and widespread destruction, President Anura Kumara Disanayaka has directed the Government to provide a financial contribution of US$ 1 million to Nepal to support its ongoing humanitarian and relief efforts. […]

Sri Lanka to Install 300,000 Smart Meters Under Time-of-Use Billing Project

Sri Lanka’s Cabinet has approved a two-year project to install 300,000 smart electricity meters equipped with a Time-of-Use (TOU) billing system as part of efforts to modernise the country’s electricity grid and support renewable energy development. The project will utilise US$12.5 million from a US$15 million loan facility provided through the Asian Development Bank’s concessional […]

EDB Discusses Impact of EU–India FTA on Sri Lanka with EU-Appointed Consultants

A meeting was held recently between the Sri Lanka Export Development Board (EDB) and consultants to the European Commission, Paul Baker and Talal Rafi, to exchange views and insights on the potential impact of the EU–India Free Trade Agreement (FTA) on Sri Lanka’s export sectors. Baker and Rafi have been engaged by the European Commission […]

Historic Milestone in Sri Lankan Pineapple Exports to Pakistan

Marking a historic milestone in Sri Lanka’s fresh fruit exports, the first-ever 20-foot container of fresh Sri Lankan pineapples (Ananas comosus) was successfully shipped to the Pakistani market on August 21. The consignment was exported by C R Exports (Pvt) Ltd, one of Sri Lanka’s leading exporters of fresh fruits and vegetables, marking a significant […]

Hemas Enters East Africa, Strengthening Its International Footprint

Ashish Chandra CEO Hemas Group and Sabrina Esufally, Managing Director Hemas Consumer Brands Acquisition of Kenya’s Twiga Stationers strengthens Consumer Brands portfolio and creates platform for regional growth Hemas Holdings PLC, one of Sri Lanka’s leading diversified conglomerates, announces its entry into East Africa through the acquisition of a majority stake in Twiga Stationers & […]

Pan Asia Bank Crosses Rs. 350 Bn In Assets; 1H Profit Rises 16%

Pan Asia Bank has surpassed Rs. 350 billion in total assets for the first time in its 31-year history, reporting a strong performance for the first half of 2026. For the six months ended 30 June, the Bank recorded a Profit After Tax of Rs. 2.5 billion, up 16% year-on-year, while Net Interest Income grew […]

JXG signs agreement to acquire 100% stake in Continental Insurance Lanka Limited

Janashakthi PLC (JXG) has entered into a Share Purchase Agreement with Melstacorp PLC (MELS), the sole shareholder of Continental Insurance Lanka Limited (CILL), to acquire a 100% stake in CILL, subject to the approval of the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction will see JXG acquire an initial 81% controlling stake, followed […]

Cabinet Approves Rs. 1 Bn Funding Package for Lanka Metro Transit

The Cabinet of Ministers has approved a total funding allocation of Rs. 1,067.5 million for Lanka Metro Transit (Private) Limited, comprising Rs. 800 million in equity capital for infrastructure development and an additional Rs. 267.5 million for operational requirements in 2027. Submitted by the Minister of Transport, Highways, and Urban Development, the proposal supports the […]

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