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Constituent Change in the S&P Sri Lanka 20 Index
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2025 Mid-Year rebalance. The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 23rd June 2025 (after the market close of 20th June 2025) are presented below. Exclusion […]
Foreign Direct Investment records 90-pct Increase in First Quarter of 2025
The Board of Investment (BOI) of Sri Lanka has successfully increased Foreign Direct Investment (FDI) by US$96 million in the first quarter of 2025, compared with the same period in 2024. This was disclosed today (20) during a progress review meeting of the Board of Investment of Sri Lanka, chaired by President Anura Kumara Disanayake […]
“The Gathering of Giants” returns for 2025 at Cinnamon Habarana
Cinnamon Hotels & Resorts, in collaboration with Cinnamon Nature Trails and in valued partnership with Seylan Bank, is honoured to announce the return of The Gathering of Giants—a pioneer conservation initiative set to take place from 25 to 27 July 2025 at Cinnamon Habarana Complex. Rooted in a deep respect for Sri Lanka’s natural heritage, […]
Government Focuses on Developing a Unique Food Security Index for Sri Lanka
The government is currently prioritizing the development of a country-specific Food Security Index, with the goal of completing the initiative within the next three months. This tailored index is expected to better reflect Sri Lanka’s unique food security landscape, addressing the limitations of global indices such as the Global Food Security Index (GFSI), which have […]
Resus Energy connects 5 MW Solar PV power plant to the national grid
Resus Energy PLC, a forerunner in renewable energy, recently connected a 5.0MW ground mounted solar PV power plant to the national grid. Built at a cost of over Rs. 750 million with state-of-the-art equipment encompassing tier-1 solar PV panels and top-of-the-range auxiliary equipment, the plant is expected to generate about 10 million units of electricity […]
From risk assessment to protection: how to build an effective security strategy in industrial enterprises
By Adrian Hia, Managing Director for Asia Pacific, Kaspersky Industrial sectors face escalating cyber threats that jeopardize operations, safety, financial stability and further technological development. In 2024, 40% of industrial organizations globally reported cyber incidents according to Kaspersky. Proactive cybersecurity measures are no longer optional but a necessity to ensure business continuity, regulatory compliance and […]
Opinion: Sri Lanka’s Missing Economic Pillar – The Case for a Sovereign Wealth Fund
By Jithendra Antonio In the sterile corridors of the Central Bank of Sri Lanka, where foreign reserve monitors once displayed catastrophic readings of $50 million in 2022—a 99% collapse from $7.6 billion just three years prior—a fundamental question haunts policymakers: Why does a nation with $84 billion in GDP, strategic Indian Ocean positioning, and diverse […]
CSE Clear to Operate as Sri Lanka’s Central Counterparty for Equity Transactions
The Colombo Stock Exchange (CSE) is set to launch a Central Counterparty (CCP) framework next month, marking a significant advancement in the evolution of Sri Lanka’s capital market infrastructure. This move is aimed at enhancing the safety, efficiency, and transparency of the market, ensuring the smooth settlement of trades. Since August 2021, the CSE has […]
IMF Chief Warns Sri Lanka Against “Reform Fatigue,” Hails “Remarkable Progress” Post-Crisis
The International Monetary Fund (IMF) today lauded Sri Lanka’s “remarkable progress” in its economic recovery but issued a stark warning against abandoning crucial reforms. Speaking at a conference in Colombo, IMF First Deputy Managing Director Gita Gopinath emphasized that the island nation’s current path “this time must be different.” Gopinath highlighted significant strides since the […]
Sri Lanka records 4.8-pct GDP growth rate for 1Q 2025
Issuing a communiqué, on releasing National Accounts Estimates, the DCS states that the GDP growth rate for the first quarter of 2025 has been estimated as 4.8 percent of positive growth rate. Accordingly, the Gross Domestic Product for Sri Lanka for the first quarter of the year 2025 at constant price (2015) has increased up […]
Central Bank Governor to Address Ceylon Chamber’s 186th AGM
The Ceylon Chamber of Commerce will hold its 186th Annual General Meeting on Wednesday, 26th June 2025, at 5.30 PM at The Studio, Cinnamon Life. Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, will attend as Chief Guest, addressing the business community at a time when economic resilience and reform remain key […]
VIDEO: Air India plane crashes shortly after take off in Ahmedabad; more than 200 killed
An Air India plane has crashed shortly after taking off from Ahmedabad airport in western India, local media has reported. Air India said on Thursday that Flight AI171, a passenger flight to London Gatwick airport, was “involved in an incident”. “At this moment, we are ascertaining the details and will share further updates,” Air India […]