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President of the Maldives Mohammed Muizzu to undertake a State Visit to Sri Lanka
President of the Republic of the Maldives, Dr. Mohamed Muizzu will undertake a State Visit to Sri Lanka from 4–5 May 2026, on the invitation of President Anura Kumara Dissanayake. This marks President Muizzu’s first visit to Sri Lanka since assuming office in 2023. During the visit, he is expected to hold bilateral talks with […]
CoPF Chair Questions True Legislative Oversight Over Public Funds as Treasury Secretary Skips Crucial Hearing
A sharp constitutional standoff has emerged between the legislature and the executive after the Secretary to the Treasury, Dr. Harshana Suriyapperuma, declined to appear before the Committee on Public Finance (CoPF) for a high-stakes hearing scheduled for tomorrow, April 30. The refusal has prompted a blistering response from CoPF Chairman Dr. Harsha de Silva, who […]
JXG Debuts on CSE’s Main Board
Janashakthi Limited operating as JXG (Janashakthi Group) marked the debut trading of its 500,000,000 ordinary voting shares (Symbol: JXG.N0000) on The Main Board of the Colombo Stock Exchange (CSE) yesterday (29th April 2026) by way of ringing the ceremonial market opening bell on the trading floor of CSE. The Initial Public Offer (IPO), which took […]
Rs. 38 Bn Shortfall in Power Generation Costs; Taxpayers to Fund Rs. 15 Bn Govt Subsidy as PUCSL Opens Public Consultation
Sri Lanka’s Public Utilities Commission (PUCSL) has announced that rising fuel costs will create a Rs. 38 billion shortfall in electricity generation expenses for the second and third quarters of 2026. To cushion households, the government will provide a Rs. 15 billion subsidy funded by taxpayers starting May 10, ensuring that 95% of domestic and […]
FAO Delivers Fertilizer Support to Cyclone-Affected Paddy Farmers in Anuradhapura
The Food and Agriculture Organization of the United Nations (FAO) has launched a fertilizer support programme to assist smallholder paddy farmers in the Anuradhapura District whose fields were damaged by Cyclone Ditwah, helping them recover production in time for the upcoming Yala cultivation season in Sri Lanka. Through a voucher scheme valued at USD 300,000, […]
VIDEO: Why Critical Thinking Is Disappearing – The Rise of Collective Stupidity
In a world overflowing with opinions, algorithms, and noise — why is clear thinking vanishing? This video uncovers the uncomfortable truth behind the disappearance of critical thinking and the rise of what philosophers now call collective stupidity — a condition where we stop questioning, start conforming, and lose our capacity for truth without even realizing […]
CICT Achieves Record Throughput with MSC INGY Call
Colombo International Container Terminals (CICT) has recorded its highest-ever single-vessel performance, handling 10,407 container moves, equivalent to 15,113 TEUs, during the recent call of MSC INGY, marking a new operational milestone for the terminal. The vessel, operated by Mediterranean Shipping Company (MSC), represents one of the larger container ships calling at Colombo, reflecting the terminal’s […]
Tribute: Nissanka Welikala – Planter (1945-2026)
April 28, 2026 (LBO) – In Sri Lanka you come across all types of ‘characters’, and then there was my Uncle Nissanka, AKA Aswin, Alex and of course ‘Boora.’ Nissanka Welikala was the only son of Radiologist Dr. A. H. N. Welikala and Viola Welikala. Dr. Welikala dropped dead of a heart attack in his […]
Sri Lanka’s real estate leaders to chart a 10-year vision at RIUNIT forum
What does the next decade hold for Sri Lanka’s real estate market? That’s exactly the question a room full of industry leaders will be sitting down to answer next month. The Research Intelligence Unit (RIUNIT) who initiated this effort is hosting Driving Growth Through Real Estate: 10 Year Plan — a high-level forum bringing together […]
Ceylon Tobacco Company PLC appoints Sarmad Abbasi to the helm
Ceylon Tobacco Company PLC (CTC) today announced the appointment of Sarmad Abbasi as its Managing Director and Chief Executive Officer, effective from 1st May 2026. Mr. Sarmad Abbasi takes on the role from Ms. Fariyha Subhani who served as Managing Director and Chief Executive Officer of the Company since April 2024, continuing the company’s legacy […]
Emerald Clothing Steps into Acquiring Selected HelaFactories, Safeguarding Jobs and Sri Lanka’s Export Base
Emerald Clothing (Pvt) Ltd has stepped in to secure the continuity of key operations previously run by Hela Clothing (Private) Limited, in a move aimed at stabilizing exports and safeguarding employment. The intervention comes as Hela faces liquidity constraints. Emerald Clothing said it has implemented an operational transition to ensure that manufacturing output and selected […]
IFC and WindForce PLC Partner on Sri Lanka’s First Large‑Scale Solar Project to Lower Power Costs, Strengthen Energy Security
The International Finance Corporation (IFC), a member of the World Bank Group, announced a partnership with WindForce PLC to develop Sri Lanka’s first utility‑scale 100‑megawatt (MW) solar power facility, a landmark project that will accelerate the country’s energy transition, strengthen energy security, lower electricity costs and create thousands of jobs. The project will generate around […]