Apparel exports decline in Feb. amid weak demand
Apparel exports decline in Feb. amid weak demand, as Sri Lanka’s garment sector recorded a sharp year-on-year contraction driven by softening global markets.
Apparel and Fashion
Business
Blue Arc to manufacture containerised substations under BOI deal
Blue Arc to manufacture containerised substations under a new BOI agreement, positioning Sri Lanka as a hub for high-end electrical infrastructure exports. The
Investments
Hambantota International Port invests $108m in new cranes
Hambantota International Port invests $108m in new cranes, marking a major upgrade to its container terminal and reinforcing Sri Lanka’s position as an
Business
Senkadagala Finance appoints N. Vasantha Kumar Chairman
Senkadagala Finance appoints N. Vasantha Kumar Chairman of its Board, effective 1 April 2026, reflecting the company’s focus on strengthening governance and strategic
Finance
People’s Bank launches People’s Remittance – Kalin Avurudu Vaasi Draw 2026
People’s Bank launches “People’s Remittance – Kalin Avurudu Vaasi Draw 2026’’, offering incentives to encourage foreign remittance inflows while rewarding customers ahead of
Investments
Port City, BOI eye Gulf-linked inflows as CoPF flags delays and policy gaps
Port City, BOI eye Gulf-linked inflows as CoPF flags delays and policy gaps, as Sri Lankan authorities seek to capitalise on shifting regional
Tech Industry
EWIS innovates AI-powered platform to de-risk enterprise legacy modernisation
EWIS innovates AI-powered platform to de-risk enterprise legacy modernisation, unveiling a new solution aimed at reducing the complexity, cost, and uncertainty associated with
Technological Advancements
Dialog surpasses 800+ 5G sites, driving Sri Lanka’s fastest 5G expansion and advancing nation’s digital future
Dialog surpasses 800+ 5G sites, driving Sri Lanka’s fastest 5G expansion and advancing nation’s digital future, marking a significant milestone in the country’s
Economics
JICA, World Bank and Presidential Secretariat co-host seminar on Competition Policy and Law
JICA, World Bank and Presidential Secretariat co-host seminar on Competition Policy and Law, bringing together key stakeholders to examine how stronger competition frameworks
Trade Relations
Oil, equity prices shape Iran War adverse scenario macroeconomic impact: Fitch Ratings
Oil, equity prices shape Iran War adverse scenario macroeconomic impact: Fitch Ratings, highlighting the potential global economic fallout if geopolitical tensions persist through