Tag: lbo.lk
Middle East conflict threatens Sri Lanka recovery as inflation, tourism and reserves come under pressure
Sri Lanka’s economic recovery is facing renewed pressure as the escalating Middle East conflict begins to feed through to inflation, tourism, and external balances, the Asian Development Bank (ADB) said. The island entered 2026 from a position of relative strength, recording 5.0 percent growth in 2025, supported by broad-based expansion across services, industry, and agriculture. […]
Sri Lanka faces renewed economic risks despite recovery momentum, ADB says
Sri Lanka’s economic recovery is expected to continue into 2026, but fresh global and domestic risks are beginning to test its stability, according to the latest Asian Development Outlook (April 2026) by the Asian Development Bank (ADB). The report notes that while the country has moved past its worst crisis phase, growth is likely to […]
Huawei IP Summit 2026 highlights AI-driven enterprise Datacom networks amidSri Lanka’s 5G evolution and Pre-Wi-Fi 8 advancements
Huawei recently hosted its Intelligent IP Summit 2026 in Sri Lanka, bringing together industry leaders and technology experts to explore the future of enterprise data communication (Datacom) networks, as organisations navigate rapid disruptions driven by AI and the expansion of 5G. The summit underscored the growing importance of enterprise networks as the foundation of digital […]
Sri Lanka’s first 100-pct enewable energy recycling center in plantation sector unveiled by the Coca-Cola Foundation
The first zero-emission Material Collection and Processing Facility in Sri Lanka was officially inaugurated under the SWYFT Project. This initiative is funded by The Coca-Cola Foundation (TCCF), implemented by Janathakshan, with Neptune Recyclers serving as the recycling partner, in collaboration with Talawakelle Plantation. The Somerset ECO Material Collection & Processing Center was officially opened on […]
Kenilworth Estate: Crafting premium Ceylon tea through innovation and heritage
Since 1947, when its current factory rose from the site of an earlier 1942 structure, Kenilworth Tea Estate has crafted teas renowned for their long, wiry, well-twisted leaves; blacker, cleaner, and meticulously rolled through an extended 2.5-hour Orthodox process that yields a coppery-bright infusion with creamy, full-bodied strength, woody frankness, and subtle citrus notes. Perched […]
TONIK launches “Island Daughters” A storytelling series honouring women who carried Sri Lanka to the world
This International Women’s Month, TONIK invites Sri Lanka to see itself differently. Not just as an island shaped by land and history — but by its women. Through Island Daughters, a new storytelling series, TONIK shines a light on the women whose voices, creativity, and courage have carried Sri Lanka’s story far beyond its shores. […]
Chevron Lanka exceeds LKR 4Bn in earnings for first time
Chevron Lubricants Lanka PLC (“Chevron Lanka”) (LLUB), a listed entity in the Colombo Securities Exchange (“CSE”), notched up record earnings in 2025, the highest ever in its 32-year history of operations in Sri Lanka. Earnings surpassed the LKR 4 billion milestone for the first time, on a topline of LKR 24.39 billion based on the […]
IASL launches revamped website to better serve Sri Lanka’s insurance ecosystem
The Insurance Association of Sri Lanka (IASL) announced the launch of its newly revamped official website at www.iasl.lk, reinforcing the Association’s commitment to transparency, accessibility, and industry leadership in an increasingly digital landscape. The redesigned platform reflects IASL’s recognition that improving its digitalisation standards is centralto its mandate. As Sri Lanka’s insurance industry navigates accelerating […]
Sri Lanka’s Central Bank keeps the overnight policy rate (OPR) unchanged
At its meeting held yesterday, the Monetary Policy Board decided to keep the Overnight Policy Rate (OPR) unchanged at 7.75%, citing an assessment of recent domestic economic developments, the outlook ahead, and continuing global uncertainty. The Board is of the view that the current monetary policy stance will support steering inflation towards the target of […]
Sri Lanka Chamber of the Pharmaceutical Industry donates Rs. 50 million to ‘Rebuilding Sri Lanka’ Fund
The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) today announced a Rs. 50 million donation to the Government’s ‘Rebuilding Sri Lanka’ Fund, established to support national recovery efforts following the recent disaster. The financial contribution was formally presented by the SLCPI Executive Committee to the Minister of Health and Mass Media, Dr. Nalinda Jayatissa, […]
Southern Cross University brings Bachelor of Business to Sri Lankan students at NSBM Green University
Southern Cross University (SCU), one of Australia’s leading public universities, in partnership with NSBM Green University, is opening doors for Sri Lankan students to earn a globally recognised Australian Bachelor of Business – right here at home. The landmark launch, taking place from 19 to 21 February 2026 at NSBM Green University, brings together the […]
Sri Lanka’s apparel exports grow 5.4-pct in Dec 2025; full-year exports top USD5Bn
Sri Lanka’s exports of apparel and made-up textile articles (HS Chapters 61, 62 and 63) rose to US$447.21 million in December 2025, up 5.43% from US$424.18 million in December 2024, according to industry export statistics. Growth was recorded across the three main destination markets. Exports to the USA increased 6.49% year-on-year to US$178.29 million (from […]