Category: Business and Economy

Asia Asset Finance PLC has announced a Rs. 1.5 billion Rights Issue, marking a step towards strengthening its capital position and accelerating the company’s next phase of growth. In a disclosure to the Colombo Stock Exchange, the company stated that its Board of Directors, at a meeting held on 10th June 2026, resolved to recommend…

Vietjet has opened bookings with special launch fares for its new Colombo–Ho Chi Minh City route, scheduled to commence on August 18. 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 is…

Sri Lanka’s apparel and textile exports recorded their strongest monthly performance of the year in May 2026, rising 7.96 percent year-on-year to US$394.14 million, driven largely by a sharp recovery in demand from the United States. According to industry data, exports to the US climbed 15.36 percent to US$149.96 million during the month, underscoring renewed…

Senok Trade Combine (Pvt) Ltd, recently handed over a fleet of Foton Tunland G7 Double Cab vehicles to NEM Construction, further strengthening its partnership with Sri Lanka’s growing construction and infrastructure sector. The vehicles were assembled locally at Western Automobile Assembly (WAA) facility in Kurunegala, demonstrating Senok’s commitment to supporting local manufacturing and delivering internationally…

Sri Lanka’s export sector maintained strong growth momentum during the first five months of 2026, with total export earnings exceeding US$7.3 billion, underlining the resilience of the country’s external sector and strengthening prospects for export-led economic growth. According to the Export Development Board (EDB), combined merchandise and services exports reached an estimated US$7.39 billion between…

The Sri Lanka–Malaysia Business Council (SLMBC) of The Ceylon Chamber of Commerce conducted a two-day Muslim-Friendly Tourism and  Hospitality (MFTH) Awareness Programme, conducted in collaboration with the Islamic Tourism Centre under the Ministry of Tourism, Arts and Culture Malaysia held in Colombo recenty. The  programme brought together stakeholders from Sri Lanka’s tourism and hospitality sector…

Food Studio has strengthened its presence at Colombo City Centre (CCC) with a refreshed line-up of five culinary concepts at CCC’s Dining Gallery, marking an important new chapter in the company’s growth journey and the continued evolution of Colombo’s dining landscape. The opening reflects Food Studio’s continued commitment to creating dining experiences that combine quality,…

McLarens Lubricants Limited, the authorised distributor for Mobil Lubricants in Sri Lanka, was honoured with the Brand Execution Award 2026, recognising excellence in brand execution across the region, at the ExxonMobil SAO (South East Asia, Alliance and Oceania, at Distributor Conference held in Shanghai. ExxonMobil, one of the world’s largest publicly traded energy and petrochemical…

Yi Jing at ITC Ratnadipa introduces Dim Sum & Co., a first-of-its-kind curated series of dim sum in Colombo, running from June 26 to July 5. The limited-time dining series features a newly curated selection of handcrafted dim sum, served for lunch and dinner, paired with signature cocktails designed to complement each dish. The beverage…

The Inland Revenue Department (IRD) has introduced several amendments to the country’s tax administration framework aimed at identifying individuals liable to pay taxes and broadening Sri Lanka’s tax base, Commissioner General of Inland Revenue Rukdevi Fernando said. Addressing the inaugural session of a special media workshop on the amendments introduced under the Inland Revenue (Amendment)…