Sri Lankan food prices to soar amidst fertiliser crisis
The global fertiliser crisis is expected to severely impact Sri Lanka’s paddy, maize and tea production yields as prices skyrocket to unprecedented levels. Sri Lanka’s last fertiliser shipment has been bought, a consignment of 25,000 metric tonnes (MT) at US$650 per MT while the next shipment of 25,000 MT due before May 15 is at [...]
Moose Clothing helps SL’s Future Olympians for 2032
Moose Clothing Company has officially announced the launch of “Moose Future Olympians – Road to 2032”, a long-term development initiative designed to nurture and elevate Sri Lanka’s next generation of Olympic talent. Marking a significant step beyond traditional sponsorships, the programme sets out a clear and structured pathway aimed at guiding young swimmers towards the [...]
Govt. scraps new telecom tower taxes
The government’s multi-billion rupee initiative to abolish telecom tower taxes and subsidise rural infrastructure comes into effect soon to bridge the digital divide. On April 8, the Cabinet approved the necessary amendments to the Finance Act No. 35 of 2018 to formalise this change. The Bill will then be gazetted and brought before Parliament for [...]
Cinnamon, FitsAir to attract more Indian tourists
Cinnamon Hotels is underwriting approximately 100 seats per flight on FitsAir’s Ahmedabad-Colombo flights. There are three flights per week and industry sources said the results from this partnership are encouraging. City of Dreams Sri Lanka, in collaboration with Cinnamon Hotels & Resorts and Walkers Tours, have joined FitsAir, on their direct scheduled passenger flights connecting [...]
West Asian war rages on
There were some welcome showers on Wednesday night in Colombo, a breather from the sweltering heat that has engulfed the country these days. However, the respite was short-lived as the heat returned on Thursday – just as the country returned to work after the long holiday owing to the Sinhala and Tamil New Year, with [...]
Flies, sparrows and crows
The Central Bus Terminal at Pettah in Colombo was recently refurbished and given a fresh look by the government. But the very next day, media reports with photos and videos showed the premises already damaged and dirty. Washroom taps had been broken, betel spit stained the floor, and trash was scattered everywhere—plastic bottles, empty snack [...]
Two laypersons seek justice, win in Supreme Court battle
It may have appeared to be a minor issue over adequate parking space in a Colombo apartment complex but the matter received the attention of the highest court of the land and, and what was more admirable is that the issue was fought by two laypersons appearing for themselves in court without a battery of [...]
Port City Colombo powers into $15 billion investment plan
The Port City Colombo has entered a new era of US$15 billion high velocity growth, transitioning from its primary engineering phase the reclamation of 269 hectares of land to a vertical development and commercial operation. This shift is marked by the commencement of major infrastructure projects and the activation of commercial spaces that are now [...]
PDMO reshapes Sri Lanka’s finances
Sri Lanka’s economic recovery has reached a pivotal institutional milestone with the Public Debt Management Office (PDMO) now fully operational in the Ministry of Finance. Following the decisive implementation of the Public Debt Management Act, No. 33 of 2024, the nation has successfully transitioned its debt operations to the independent management office redefining the country’s [...]
HIP receives first LPG Vessel of 2026
Hambantota International Port (HIP) received LPG vessel ANDOVER on April 4, which discharged approximately 7,000 metric tonnes (MT) of liquefied petroleum gas consigned to Laugfs Gas. The consignment, marking the port’s first gas shipment of 2026, is sufficient to supply an estimated 570,000 domestic households. The LPG tanker, which arrived from Argentina, carrying the first [...]
ComBank’s cashless public transport with NCG Express partnership
The Commercial Bank, in a significant commitment of support to efforts to modernise Sri Lanka’s public passenger transport system, has partnered with NCG Express to introduce fully digital bus ticketing, enabling passengers to pay fares using cards, QR-based payments and contactless technology. The collaboration supports the Government’s Digital Ticketing Initiative and marks one of the [...]
SL’s renewable energy recycling centre in the plantations
The first zero-emission Material Collection and Processing Facility in Sri Lanka was recently inaugurated. This initiative is funded by The Coca-Cola Foundation (TCCF), implemented by Janathakshan, with Neptune Recyclers serving as the recycling partner, in collaboration with Talawakelle Plantation. The Somerset ECO Material Collection & Processing Centre was officially opened on March 18, commemorating World [...]
Union Bank’s virtual Deposit Card
Union Bank has introduced a simplified virtual deposit card to support bulk deposits through Cash Deposit Machines (CDMs). The new facility is designed to support any business entity from corporates to SMEs and proprietors who regularly carry out high volume cash deposits during anytime of the day. The solution offers a secure and efficient way [...]