Tag: lbo.lk
Facebook still rules Sri Lanka’s social media, but TikTok is closing in
Facebook remains the most used social media platform among Sri Lankan internet users, holding an 81% share according to the newly released Digital Outlook Sri Lanka 2026 report. YouTube follows at 72%, while TikTok has climbed to 48%, up 6 percentage points from last year. Instagram rounds out the top four at 42%. The bigger […]
Sri Lanka’s inflation climbs to 7.3% in July, highest since early 2025
Sri Lanka’s headline inflation picked up pace in July, with the Colombo Consumer Price Index (CCPI) rising to 7.3% year-on-year, up from 6.8% in June, according to Central Bank data released this week. The uptick was driven largely by a jump in housing rents, which pushed non-food inflation contributions higher for the month, along with […]
ADB pumps in USD 200mn to shield Sri Lanka from Middle East shock
Sri Lanka is set to receive a $200 million boost from the Asian Development Bank, part of a wider $450 million regional package aimed at cushioning Asia-Pacific economies from the fallout of the Middle East conflict. The loan comes under ADB’s Trade, Investment, and Industry Development Program, and includes $100 million in fresh financing specifically […]
Registrations now open for Sri Lanka economic and investment summit 2026
Ceylon Chamber of Commerce is pleased to announce that registrations are now open for the Sri Lanka Economic & Investment Summit 2026 (SLEIS 2026), taking place on 12th and 13th October at the Shangri-La Colombo. Held under the theme “Positioning Sri Lanka in a Changing Global Economy: Resilience, Reform, and the Future of Economic Policy,” […]
Asia-Pacific business leaders to convene in Sri Lanka for UN Global Compact’s regional event
Asia-Pacific stands at the forefront of one of the defining transitions of our time. Home to many of the world’s fastest-growing economies, the region is also confronting some of the world’s most pressing sustainability challenges from climate change and biodiversity loss to widening inequalities, geopolitical uncertainty and rapid technological transformation. As these challenges reshape the […]
Raising the bar: Clinical governance, transparency and innovation in Sri Lanka’s private healthcare sector
Sri Lanka’s public healthcare system carries an enormous load. Hospitals are stretched, waiting lists are long, and the demand for specialist care continues to grow. It is within this reality that private healthcare has stepped into a role far greater than many give it credit for. The Association of Private Hospitals and Nursing Homes has […]
From cane field to finished product: The value chain powering Gal Oya
In the fields around Ampara, sugarcane begins as a rural crop. By the time it has moved through theGal Oya Plantations complex, however, it has become far more than sugar. The cane juice is processed for the domestic market. The fibre helps generate steam and electricity. Molasses is converted into Extra Neutral Alcohol. Fermentation creates […]
Hirdaramani Apparel and University of Moratuwa collaborate to transform textile waste into sustainable innovation
In a significant step towards advancing circularity, Hirdaramani Apparel collaborates with the University of Moratuwa on a three-year research initiative to explore how textile waste can be transformed into environmentally friendly ceiling panels. The partnership aims to address two pressing global challenges such as the growing volume of textile waste and the need for sustainable, […]
TWC Capital Advises on US$28Mn of IFC investments in Sri Lanka’s energy and agribusiness sectors
T W C Capital (PVT) LTD (“TWC Capital”), the corporate finance advisory arm of TWC Holdings, has successfully concluded two significant development finance transactions, acting as Exclusive Financial Adviser on investments by the International Finance Corporation (IFC), a member of the World Bank Group, totalling up to US$28 million across Sri Lanka’s renewable energy and […]
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 […]
GovTech Sri Lanka appoints Shevan Goonetilleke as CEO
GovTech Sri Lanka (Pvt) Ltd has announced the appointment of Shevan Goonetilleke as its Chief Executive Officer, effective 19 August 2026. His appointment marks the next phase of execution in delivering Sri Lanka’s national digital transformation agenda. GovTech Sri Lanka (Pvt) Ltd is the Government of Sri Lanka’s lead implementation agency for national digital transformation. […]
Sri Lanka moves back into upper-middle income bracket, World Bank says
Sri Lanka has been reclassified as an upper-middle income economy by the World Bank, a milestone officials are calling hard-won but fragile because the country has been here before, and lost the status within a year. The change was confirmed in the World Bank Group’s Country Income Classifications for the fiscal year running from 1 […]