Rupee devaluation will have both a positive and challenging impact on Sri Lanka’s event management industry increasing affordability for foreign clients, boosting demand, and local revenue. However, it raises costs for imports. Adaptation and strategic responses are essential for competitiveness, Saliya Weerasekara, President Event Management Association (EMA) told Daily News Business participating in an exclusive […]
HayWind One Limited, the wind energy arm of Hayleys Fentons Limited, has achieved a major milestone in the development of its 50 MW Wind Farm Project in Mannar, with the first 25 MW out of the total 50 MW wind turbines successfully arriving at the Trincomalee Port. Once operational, the project is expected to generate […]
The AI and Data Analytics Summit 2026 organised by the Sri Lanka Section of BCS, the Chartered Institute for IT was successfully held on 22nd May 2026 at Waters Edge, Colombo. The high-impact summit themed “Next Generation AI & Data Analytics: Skills & Thoughts for the Intelligent Future” brought together senior policymakers, global technology experts, industry leaders, […]
Yasas Hewage assumed duties as Chairman of the Industrial Development Board (IDB) on June 1 2026, taking leadership of one of Sri Lanka’s longest-standing enterprise development institutions with a proud legacy spanning 60 years. . Hewage brings nearly two decades of experience spanning banking and finance, business strategy, sales and marketing, entrepreneurship development, and sports […]
Sri Lanka is taking significant steps to establish a comprehensive regulatory framework for Virtual Asset Service Providers (VASPs), as authorities work to align the country’s digital asset sector with international standards and best practices. The fourth meeting of the VASP Sub-Committee was held at the Central Bank of Sri Lanka on May 25, 2026, under […]
The Sri Lanka Export Development Board (EDB) has taken steps to implement a comprehensive plan to expand testing and certification facilities across the island, addressing one of the most significant bottlenecks faced by the country’s export sector. A high-level stakeholder discussion was recently held in Colombo with the participation of government institutions, testing laboratories, certification […]
Uva Greenlands Estate (Pvt) Ltd has signed a landmark agreement with the Board of Investment of Sri Lanka (BOI) on 29th May, marking a defining milestone in the evolution of 98 Acres Resort & Spa, Sri Lanka’s celebrated luxury retreat nestled in the breathtaking highlands of Ella. The transformative USD 5.1 million investment will unlock […]
VietJet Air officially marked the opening of its Colombo office at a special ceremony inaugurated by Trinh Thi Tam, Ambassador of Vietnam to Sri Lanka. The airline’s operations in Sri Lanka will be represented by its General Sales Agent (GSA) Andrew The Aviation Company (Pvt) Ltd under the leadership of its Chairman, Mahen Kariyawasan. The […]
The government’s success in stabilizing the economy has been overshadowed by the challenge of reforms essential for attracting quality investments. Such investments are vital for inclusive growth and competitive productivity in Sri Lanka’s economy, European Union Ambassador to Sri Lanka and Maldives Carmen Mareno opined at a recently concluded forum held in Colombo. “The government […]
Today, sustainability is no longer simply an option, but necessity. Around the world, industries are rapidly transforming to meet new environmental and sustainability expectations, Thilaka Jayasundara, Secretary, Ministry of Industry and Entrepreneurship Development told the National Cleaner Production Awards 2026 and the 4th International Conference on Resource Efficiency & Circular Economy launch held in Colombo […]