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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 […]
Colombo Dockyard charts new course under Indian ownership as MDL partnership opens doors to regional maritime growth
Colombo Dockyard PLC (CDPLC) successfully concluded its 43rd Annual General Meeting (AGM) on 25 June 2026, marking its first AGM following the acquisition of a majority stake by Mazagon Dock Shipbuilders Limited (MDL), India. The Company said the new strategic alignment with MDL is expected to unlock fresh growth avenues, enhance technical capabilities, and strengthen […]
Accelerating SOE reforms & maintaining cost-recovery energy pricing are key to minimizing fiscal risks: IMF Staff Mission
Accelerating reforms in state-owned enterprises and ensuring energy prices reflect cost-recovery are essential to reducing fiscal risks, according to the IMF Staff Mission at the conclusion of its visit to Sri Lanka. The mission emphasized that, alongside these measures, authorities should focus on strengthening the targeting and coverage of social safety nets to safeguard vulnerable […]
Rangita De Silva De Alwis Re-elected to the Committee on the Elimination of All Forms of Discrimination Against Women
Sri Lanka’s candidate Professor Rangita De Silva De Alwis was re-elected to the UN Committee on the Elimination of All Forms of Discrimination Against Women (CEDAW) for a second consecutive term, 2027-2030, at the elections conducted during the 24th Meeting of the State Parties to the CEDAW Convention at the United Nations in New York on […]
Law Association for Asia & Pacific Sounds Alarm Over Proposed Changes to Sri Lankan Judicial Retirement Age
LAWASIA, the Law Association for Asia and the Pacific, has officially voiced grave concerns over the Sri Lankan government’s proposed constitutional amendment aimed at extending the retirement age of Supreme Court and Court of Appeal judges. In a formal statement released on June 26, 2026, the regional legal body warned that the ad hoc initiative […]
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 […]
BASL Clarifies: No Official Representation Authorized for Arrested Lawyer
The Bar Association of Sri Lanka (BASL) has officially distanced itself from recent media reports suggesting it made legal representations on behalf of an attorney-at-law arrested by bribery investigators. In a clarification statement issued today, June 26, 2026, the BASL addressed reports surrounding a case at the Chief Magistrate’s Court of Colombo, where a lawyer […]
CSE Expands Footprint with New Gampaha Branch
The Colombo Stock Exchange (CSE) officially opened its Gampaha Branch to the public this Tuesday (23rd June), further strengthening its countrywide presence. The inauguration of the branch was officiated by the Chairman of the Securities and Exchange Commission (SEC) Senior Professor D.B.P.H Dissabandara, Director of the CSE Mr. Sujeewa Peiris, and CEO Mr. Rajeeva Bandaranaike, […]
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 […]
CDS to Limit Activity on Dormant Accounts Until Reactivation as Part of Investor Protection Measures
Central Depository Systems (Pvt) Ltd (CDS), a subsidiary of the Colombo Stock Exchange (CSE), has announced new measures aimed at protecting dormant CDS accounts that have remained inactive for three years or more. The measure will involve a staggered suspension framework for dormant accounts which can be re-activated at any time quite easily by account […]
Ceylon Chamber Re-elects Chairperson Krishan Balendra at 187th AGM
The Ceylon Chamber of Commerce announced the re-election of Chairperson Krishan Balendra and the election of its Board for the Year 2026/27 at the Chamber’s 187th Annual General Meeting on June 25. High Commissioner of Britain to Sri Lanka, His Excellency Andrew Patrick, attended as Chief Guest. The 2026/27 office-bearers are Chairperson Krishan Balendra, – Chairperson John Keells Holdings PLC, […]
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 […]