Category: Business and Economy

Sri Lanka’s cinnamon industry achieved a historic milestone, with exports generating nearly Rs 8 billion( USD 260) in 2025, marking the highest annual revenue ever for cinnamon-based products. This, driven by a 23.12% increase in the first eight months, contributes to a record-setting year for total export earnings of over USD 17.2 billion. The Department…

The Export Development Board (EDB) recently organized a networking session at its head office, targeting new and potential exporters in Sri Lanka’s tea and coconut sectors. During the session, Indika Perera, Cluster Executive Director of Wichy Plantation (Pvt) Ltd, shared his industry experience under the topic “Real-life examples of entering and succeeding in challenging markets.”…

The five-day Knowledge Exchange Workshop on Health Technology Assessment (HTA) for a delegation from the Ministry of Health, Government of Sri Lanka, formally commenced today at the Sushma Swaraj Bhawan in New Delhi. Hosted by the Department of Health Research (DHR), Ministry of Health and Family Welfare, Government of India, in collaboration with the Ministry of External Affairs,…

Sofia Colombo has introduced a pioneering women-centric hospitality initiative with the launch of its exclusive Pink Floor, a thoughtfully curated women-only space designed to enhance comfort, safety, privacy, and wellness for modern female travelers. This concept reflects the growing global demand for personalized and inclusive travel experiences tailored specifically for women. A key highlight of…

The Asian Development Bank (ADB) has appointed Shannon Cowlin as its new Country Director for Sri Lanka. She has assumed office in Colombo today. “I am honored to be appointed Country Director of ADB’s Sri Lanka Resident Mission,” Ms. Cowlin said. “For many years, ADB has been a trusted partner of Sri Lanka, supporting the…

CNCI Achiever Awards 2026 conducted by the Ceylon National Chamber of Industries (CNCI) will be held in October 2026 for the 25th consecutive year, Amila Sugathapala, Deputy Chairman of CNCl and Achiever Awards Judging Chairman told the official launch ceremony held in Colombo on February 5. ANCL is the official Print Media Partner of the…

Dilhan C. Fernando, Chairman of Dilmah Tea explains the danger of 2026 being the toughest year is not only to growers; this sounds dramatic, but the danger is genuinely to humanity. Discount culture fuels an accelerating emphasis on cheap produce, forcing growers to become unethical, unsustainable or give up. Discounts blind consumers to true value,…

Life insurance leader continues investment in country’s young achievers; applications for 2026 edition close on 30th April Ceylinco Life has announced the launch of the 25th consecutive edition of its flagship Pranama Scholarships programme, marking a significant milestone in the company’s long-standing commitment to recognising and rewarding excellence among the children of its policyholders. Under the 2026…

Asia Siyaka Warehousing (Pvt) Ltd(ASW), Sri Lanka’s leading tea auction logistics service provider, has achieved a significant global milestone by becoming the world’s first tea logistics company to be awarded ZeroCarbon® certification, reaffirming its commitment to sustainability, operational excellence, and responsible supply chain management The ZeroCarbon® certification, granted by Sustainable Future Group (SFG), recognises organisations…

Trading at the Colombo Stock Exchange (CSE) remained highly active from the opening of the market Yesterday (05), with strong momentum observed during the early part of the session. The All Share Price Index (ASPI) recorded several instances of gains exceeding the 100-point level in the initial hours of trading, reflecting heightened investor participation. The…