FINANCIAL CHRONICLE – The import expenditure in February 2026 experienced a significant increase, primarily driven by higher costs associated with fuel and vehicle imports, leading […]
Author: Sienna De Silva
Sri Lanka’s Construction Sector Sees Growth in February 2026: PMI Report
FINANCIAL CHRONICLE – In February 2026, the construction sector in Sri Lanka experienced growth, achieving a value of 70.3 on the Purchasing Managers Index (PMI) […]
Liberty Lands & Developments Completes Strategic Acquisition of Scope Cinemas, Gaining Full Control
Liberty Lands & Developments (LLD) has successfully completed the acquisition of the remaining shares of Scope Cinemas, achieving full ownership of the cinema chain as […]
Unilever and McCormick Join Forces to Form a Global Leader in Flavor Innovation with Enhanced Growth Potential
Unilever PLC and McCormick & Company, Inc. have officially announced a strategic agreement to merge Unilever’s Foods division with McCormick. This merger aims to establish […]
Sri Lanka Approves Innovative Battery Storage Initiative
FINANCIAL CHRONICLE — The Cabinet of Sri Lanka has given the green light to a plan for the acquisition of 300 MW of Battery Energy […]
NEM Construction Secures Rs1.2 Billion Project for A2 Road Enhancements in Sri Lanka
FINANCIAL CHRONICLE – NEM Construction has secured a contract valued at 1.228 billion rupees, excluding VAT, for the enhancement of four segments along the Colombo-Galle-Hambantota-Wellawaya […]
Sri Lanka Welcomes Russian Deputy Foreign Minister for Diplomatic Discussions
FINANCIAL CHRONICLE – Andrey Rudenko, the Deputy Foreign Minister of Russia, is currently visiting Sri Lanka. His trip coincides with the upcoming 11th round of […]
Surge in Sri Lanka Treasury bill yields as fewer than 50% of available bills are purchased
According to data released by the Public Debt Management Office, Sri Lanka experienced a significant rise in Treasury bill yields during the auction held on […]
Sri Lanka’s stock market ends in the red, with increased turnover driven by large trades.
FINANCIAL CHRONICLE – On Tuesday, the Colombo Stock Exchange witnessed a decline, as reported by their official data. The All Share Price Index (ASPI) fell […]
Inflation in Colombo rises to 2.2% as of March 2026
The Colombo Consumer Price Index (CCPI) has reported an increase in the annual inflation rate, rising to 2.2% in March 2026, up from 1.6% in […]
Sri Lanka Sees Inflation Rise to 2.2% in March 2026
FINANCIAL CHRONICLE – According to data released by the state statistics office, Sri Lanka’s inflation rate, as indicated by the Colombo Consumer Price Index (CCPI), […]
Sri Lanka Set to Revise Immigration Legislation to Grant Complimentary Visas for Citizens of 39 Nations
Sri Lanka is set to present a proposed amendment to its Immigration and Emigration Act, with plans to offer complimentary tourist visas to travelers from […]
Assetline Insurance Brokers collaborates with Life Vision to enhance financial protection and risk management strategies.
Assetline Insurance Brokers (Private) Limited (AIBL), part of the David Pieris Group of Companies, has unveiled a new strategic collaboration with Life Vision Credit & […]
Ceylon Chamber Emphasizes the Need for Equitable Taxation in 2026 Inland Revenue Amendment Legislation
The Ceylon Chamber of Commerce, through its Tax Steering Committee, has been actively interacting with stakeholders regarding the proposed Inland Revenue (Amendment) Bill of 2026, […]
Sri Lanka Implements Ban on Scrap Metal Exports to Protect Domestic Industries
FINANCIAL CHRONICLE – The Cabinet of Sri Lanka has sanctioned a proposal aimed at implementing legal measures to ban the export of scrap metal, which […]
JKCG Auto Promotes Intelligent Electric Vehicle Charging for BYD and DENZA Models
John Keells CG Auto (JKCG Auto), the exclusive authorized distributor for BYD and its luxury sub-brand DENZA in Sri Lanka, is advocating for the adoption […]
Sri Lanka Seeks Global Opportunities and Skill Enhancements for Naval Personnel
FINANCIAL CHRONICLE – The Defence Ministry of Sri Lanka is actively seeking to equip its retiring Navy personnel with professional qualifications that are recognized internationally, […]
Sri Lanka Ports Authority Assures Steady Fuel Supply Amid Increased Transshipment Activity
FINANCIAL CHRONICLE — An official from the Sri Lanka Ports Authority (SLPA) has confirmed that the organization has adequate fuel supplies in light of the […]