Press Release -National Development Bank plc NDB Bank, in collaboration with News First, is proud to announce the commencement of applications for the Corporate Sector Competition of Sri Lanka Vanithabhimana 2025, the nation’s most distinguished platform dedicated to honouring and empowering exceptional women. Following the success of the Provincial Sector initiative, the spotlight now turns […]

National Development Bank PLC Released to Colombo Stock Exchange on: 14 May 2025 NDB pre-tax profits surge by 118% to Rs. 4.0 Bn. Marks strong start for the year. National Development Bank PLC (NDB/the Bank) recently released its financial results for the three months ended 31 March 2025 (1Q 2025) to the Colombo Stock Exchange, […]

Malki Opatha Courtesy The Strategist Starlink is great for developing countries, offering connectivity without costly infrastructure. But it’s a challenge for their national security, since authorities can’t monitor the traffic it carries. This policy conflict arose in Sri Lanka in early May, when the government paused rollout of the satellite communications service, blocking one of the few […]

KELUM BANDARA   Courtesy Daily Mirror Colombo, May 16 (Daily Mirror) – Sinopec, the leading Chinese petroleum company that has sought to invest in Sri Lanka, is facing obstacles in pressing ahead with implementation, a leading Chinese scholar who is presently in Sri Lanka told Daily Mirror yesterday. In an interview with Senior Fellow and Director […]

LankaPropertyWeb Colombo, May 2025 — The Sri Lankan land market is gaining renewed strength, with Colombo and the broader Western Province leading the way in price growth, according to the latest Land Price Index (LPI) published by LankaPropertyWeb (LPW). The 2025 index reveals that land prices in Colombo city (Colombo 1-15) have risen by 7% […]

By Ishara Gamage Courtesy Ceylon Today In a move that could reshape Sri Lanka’s maritime industry, India’s State-owned Mazagon Dock Shipbuilders Ltd (MDL) is in advanced negotiations to acquire a controlling stake in financially troubled Colombo Dockyard PLC (CDPLC), multiple sources familiar with the matter confirmed to Finance Today. The deal, which centres on Japan’s Onomichi […]

Lanka Property Web Industry experts at the Lanka Property Show 2025 expressed confidence in Sri Lanka’s real estate sector, highlighting its potential for growth despite past economic challenges. While factors such as rising interest rates, currency depreciation, and fluctuating taxes previously impacted the market, experts were optimistic that stabilizing interest rates, exchange rates, and tax […]

Courtesy The Daily Mirror Colombo, March 24 (Daily Mirror) – Cable car projects that operate more than a kilometre between two mountains without any support are rare in the world. The Sri Lankan people will have the chance to experience this rare opportunity before the end of this year. The first cable car project in […]

Courtesy The Daily Mirror Colombo, March 25 (Daily Mirror) – India’s Adani Group is not ready to compromise on the initially agreed tariff rate and other parameters of the 484 MW wind and transmission project in Mannar, despite its agreement to execute the project if Sri Lanka requests, Daily Mirror learns. Adani Green Energy SL […]

Property Show 2025 Industry experts at the Lanka Property Show 2025 expressed confidence in Sri Lanka’s real estate sector, highlighting its potential for growth despite past economic challenges. While factors such as rising interest rates, currency depreciation, and fluctuating taxes previously impacted the market, experts were optimistic that stabilizing interest rates, exchange rates, and tax […]

Courtesy The Daily Mirror John Keells CG Auto marks a new era in green mobility In a momentous event for Sri Lanka’s automotive landscape, the first shipment of BYD’s cutting-edge new energy vehicles (NEVs) has arrived at the Hambantota Port.  This historic milestone, facilitated by John Keells CG Auto (JKCG Auto)—the authorised distributor for the […]

Courtesy The Island Top photo: EWIS dispatches the first-ever overseas export of locally manufactured laptops to Zimbabwe. Bottom photo shows the media briefing: (from left) – Nirmal Peiris – Director International Relations & Business Development EWIS, Roseanne Wijayanayaka – Director EWIS, Sanjeewa Wickramanayake – Chairman EWIS, Chamara Sahabandu – General Manager, EWIS. Company stresses ambition […]

By Maheesha Mudugamuwa Courtesy The Morning Sri Lanka’s once-rapid expressway expansion has hit a dead end with every major highway project, except for the Central Expressway Project (CEP), having been put on hold indefinitely, with no clear roadmap for resumption.  Amid a deep financial crisis and strict fiscal controls backed by the International Monetary Fund […]

By A. Jathindra Courtesy Eurasia Review We will not allow ourselves to be used against India – we will get help from anyone – on that basis we received help from China – for that China cannot use us to threaten India’s national security in the maritime area – we will not allow that,” stated the […]

By Lakshmi Subramanian Courtesy The Week The project approved by the Gotabaya Rajapaksa government in 2022 without a competitive tender process was under scanner for a long time Representative Image Adani Green on Thursday announced that the group will withdraw from the two proposed wind power projects and two transmission projects in northern and eastern […]

Courtesy Adaderana Adani Green Energy, part of Indian billionaire Gautam Adani’s Adani Group, has decided to withdraw from its wind energy project in Mannar, Sri Lanka. Despite obtaining most approvals, the company cited delays, including unresolved environmental clearance and an ongoing Supreme Court case as reasons for the withdrawal. The company has informed Sri Lanka’s […]

The Lanka Property The Lanka Property Show, Sri Lanka’s premier and largest real estate exhibition, will return for its 9th edition on the 15th and 16th of February 2025 at the Balmoral Hall, The Kingsbury, Colombo, from 10:00 AM to 8:00 PM. Hosted by LankaPropertyWeb, Sri Lanka’s leading online real estate platform, the property show […]

By Nishel Fernando Courtesy The Daily Mirror Arjuna Herath   The government is focusing on six key sectors—hospitality, logistics, renewable energy, technology, agriculture, and apparel & textiles—to attract foreign direct investments (FDIs) by building a creative and conducive environment for investments, rather than relying solely on incentives.  This move was highlighted by Board of Investment (BOI) Chairman […]

Courtesy Adaderana Sri Lanka’s cumulative deficit in the trade account has widened to USD 6 billion in 2024 compared to USD 4.9 billion in 2023. Releasing the external sector report for December 2024, the Central Bank of Sri Lanka (CBSL) noted that although Sri Lanka recorded the second highest annual export earnings in history, the […]

Courtesy Adaderana The U.S. Ambassador to Sri Lanka, Julie Chung, states that the U.S. apparel manufacturing sector is projected to generate USD 365 billion in revenue in 2025 and added that Sri Lanka can benefit from reduced shipping times, lower tariffs, and the ability to respond swiftly to market demands by establishing operations in the […]

Courtesy Business standard TACC, a wholly owned subsidiary of HEG has entered into a Non-Binding Memorandum of Understanding (MOU) with Ceylon Graphene Technologies (CGT) with regard to advancing graphene technology and unlocking its vast potential for diverse applications. CGT, a LOLC company based in Sri Lanka, is a global expert in graphene production. Leaveraging Sri […]

Courtesy The Hindu The facility will enable large-scale production, ensuring the delivery of sustainable and innovative graphene solutions to global markets, HEG says in regulatory filing TACC Ltd, a wholly-owned subsidiary of HEG Ltd, has entered into a partnership with Ceylon Graphene Technologies/CGT (a joint venture between LOLC Advance Technologies and Sri Lanka Institute of Nanotechnology) […]

LankaPropertyWeb Sri Lanka’s leading online real estate platform, LankaPropertyWeb, has reached a significant milestone, closing the year 2024 with two esteemed international recognitions that underscore its leadership in the industry. LankaPropertyWeb was named the Winner of the Luxury Lifestyle Awards in the category of Best Luxury Property Portal in Sri Lanka 2024”. The Luxury Lifestyle […]

Courtesy Adaderana A Memorandum of Understanding (MoU) has been signed between India and Sri Lanka for rehabilitation of the Karainagar Boatyard in Northern Province of Sri Lanka with grant assistance from the Government of India to the tune of LKR 290 million. The MoU was signed and exchanged by High Commissioner of India to Sri […]

Courtesy Asharq Al-Awsat Omar Lebbe Ameer Ajwad, Sri Lanka’s Ambassador to Saudi Arabia (Asharq Al-Awsat) Sri Lanka’s Ambassador to Saudi Arabia Omar Lebbe Ameer Ajwad revealed ongoing efforts to establish a strategic partnership with Saudi Arabia and implement 10 signed agreements across various sectors to foster mutual growth. Such efforts also aim to launch collaborations […]

Courtesy Adaderana Adani Power is exploring ways to sell the Bangladesh-bound power, produced at the Godda plant in India’s Jharkhand state, to neighbouring countries such as Sri Lanka. The Jharkhand plant with 2X800 MW capacity is a dedicated project of Adani Power to supply electricity to Bangladesh. The company has reduced the quantum of power […]

AJITH SIRIWARDANA The government is hoping to initiate discussions with India to update the Free Trade Agreement between India and Sri Lanka, which was signed several decades ago, Foreign Minister Vijitha Herath said. He told a news conference that the FTA with India needs to be updated and continue as the market has expanded now. […]

LankaPropertyWeb LankaPropertyWeb, Sri Lanka’s premier real estate portal, proudly announces the recognition of our top Platinum agents for their exceptional service, dedication, and outstanding service, which have uplifted the industry. This initiative honors distinguished agents who have consistently demonstrated dedication, exceptional standards, and excellence, playing a pivotal role in making LankaPropertyWeb the leading real estate […]

Courtesy NDTV Adani Ports and SEZ Ltd said the project “is on track for commissioning by early next year” and added that the company will fund the ongoing project through “internal accruals”. New Delhi:  Billionaire Gautam Adani-led conglomerate on Tuesday said it will use its own resources to fund a Sri Lankan port project and […]

Courtesy NewsIn.Asia Dec 3 (AdaDerana) – Sri Lanka’s tourism sector is taking a bold step into the limelight as a leading destination for Indian film productions, with the Sri Lanka Tourism Promotion Bureau (SLTPB) taking centre stage at the 10th edition of the India International Film Tourism Conclave (IIFTC) in Mumbai, held from October 23 […]