Premium International Injectable (Private) Limited is advancing the development of its pharmaceutical manufacturing facility in Sri Lanka, marking a significant step in the company’s commitment to strengthening local manufacturing capabilities and establishing a foundation for future growth in the country’s pharmaceutical sector. The state-of-the-art facility, which is being developed to European standards within a Board […]
CHEC Port City Colombo (Pvt) Ltd. and the Department of Town and Country Planning of the University of Moratuwa have signed a Memorandum of Understanding (MoU) to strengthen collaboration between academia and industry in urban development, urban informatics, research, innovation and talent development. Signed on 29 September 2026 at the University of Moratuwa, the agreement […]
The Central Bank of Sri Lanka (CBSL) has ruled out a lower inflation target for now. It concluded that a goal below 5% would force a prolonged period of tight monetary policy on an economy still recovering from crisis and exposed to repeated external shocks. CBSL Senior Deputy Governor Dr. Chandranath Amarasekara set out the […]
Sri Lanka generated USD 2,245.2 million in tourism revenue during the first nine months of 2026, welcoming a total of 1,693,679 international visitors, according to official data released by the Central Bank of Sri Lanka (CBSL) and the Sri Lanka Tourism Development Authority (SLTDA). The island nation’s tourism sector maintained a steady momentum into the […]
Sri Lanka has presented US$65.1 million worth of investment opportunities in high-value agricultural exports, targeting technology-driven companies to transform traditional commodities into premium products for global markets. The Board of Investment of Sri Lanka (BOI) showcased four investment-ready value chains covering Ceylon cinnamon, coffee, black pepper and sea cucumber at the Food and Agriculture Organization […]
Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited, has appointed Chithrasumana Motors as an authorised sales distributor in Malabe. Located at No. 506, 7th Lane, Malabe, Chithrasumana Motors offers customers access to Hayleys Mobility’s portfolio, comprising OMODA & JAECOO, KAIYI and SRM. The range includes electric, hybrid and petrol-powered vehicles, catering to diverse […]
Hatch, Lankan Angel Network and BOV Capital join forces, with First Capital Holdings PLC committing LKR 300 million as anchor limited partner in a fund built on a commercial investment case. Starting a business is difficult. Building one that can grow, compete and endure is harder still. For Sri Lankan founders, the challenge doesn’t end […]
The finance-focused AI agent turns plain-language trading ideas into tested, automated strategies, with user-controlled approval, funding, and revocation at every step Binance launched Binance AI Pro, a finance-focused AI agent that turns trading ideas into tested, automated strategies through simple conversation. It is available to users on the Binance website and app, with no separate […]
Sri Lanka and China have discussed ways to deepen bilateral relations and expand economic cooperation to support the island’s economic development. The discussions took place on Thursday (14) at the Finance Ministry during a meeting between Chinese Ambassador to Sri Lanka Wei Huaxiang and Labour Minister and Finance and Planning Deputy Minister Dr. Anil Jayantha […]
Sri Lanka must earn free trade agreements (FTAs) through deep domestic reforms rather than expect them to follow from negotiation alone, Industry and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe said. The Government is now moving to dismantle import levies left untouched for two decades and is seeking entry into Asia’s largest trade bloc. “We only […]