Sri Lanka’s IMF review: Stabilisation is real, but reform remains unfinished
By Thareendra D. Kalpage The completion of the International Monetary Fund’s combined Fifth and Sixth Reviews under Sri Lanka’s Extended Fund Facility is an important milestone. The IMF Executive Board’s approval on 28 May 2026 released SDR 508 million, approximately US$695 million, bringing total disbursements under the 48-month programme to SDR 1.778 billion, or about […]
Bogawantalawa Tea Estates PLC Advances Climate Positive and Net Zero Leadership through World Environment Week 2026
Bogawantalawa Tea Estates PLC, the world’s first Climate Positive Tea Company, commemorated World Environment Week 2026 through a comprehensive environmental conservation and climate action campaign that brought together government institutions, schools, estate communities, employees, and environmental stakeholders in a collective effort to strengthen biodiversity conservation, ecosystem restoration, and climate resilience, throughout the country. Aligned with […]
Rethinking Oil Palm Biodiversity, Evidence and Sri Lanka’s Policy Dilemma By Professor Devaka Weerakoon, Department of Zoology and Environment Science, University of Colombo
Sri Lanka’s decision to phase out oil palm cultivation has been shaped by perception rather than policy. At the center of the debate lies a powerful claim: that oil palm poses a significant threat to biodiversity and the environment. Scientific evidence however, suggests the contrary. The current footprint of oil palm in Sri Lanka is […]
Sumathi IT becomes Sri Lanka’s only HPE Gold Networking Partner
Sumathi Information Technologies (Pvt) Ltd (SIT), the technology arm and a subsidiary of Sumathi Holdings, has been named Sri Lanka’s only Gold Partner for networking by Hewlett Packard Enterprise (HPE) for 2026, as enterprises face increasing pressure to modernise networks while maintaining uptime, security, and cost discipline. The recognition reinforces SIT’s position as a leading […]
BYD Tops Global Automotive Innovation Ranking in Historic First
Cementing its status as a global New Energy Vehicle (NEV) trailblazer, BYD has topped the global rankings for most innovative automotive group in the Automotive INNOVATIONS Report 2026, published by Germany’s Center of Automotive Management (CAM) – the first time in the study’s 21-year history that a Chinese automaker has claimed the top position. BYD […]
Black Knight Powers Ella Archers in Sri Lanka’s Fastest-Growing Sport
Black Knight, a leading personal care brand within the ICL Brands (Pvt) Ltd. portfolio, has officially announced its partnership as Title Sponsor of the Ella Archers franchise ahead of the Sri Lanka Padel League (SLPL) 2026, marking the occasion with the unveiling of the team’s official jersey at ICL Brands Headquarters in Colombo. The partnership […]
ITC Ratnadipa Invites Families to Celebrate Father’s Day Over an International Feast
ITC Ratnadipa, Colombo presents a Father’s Day Brunch at the Indian Ocean Pavilion on 21 June 2026, offering families an opportunity to gather over an extensive spread of global flavours. Served from 12.30 p.m. to 3.30 p.m. at LKR 9,500 nett per person, the brunch combines exceptional dining with quality family time in honour of […]
Big Moves, Big Impact: Softlogic Life leads the charge on Sri Lanka’s health protection future at Investor Forum 2026
Softlogic Life Insurance PLC convened its Investor Forum 2026 under the theme Big Moves, Big Impact, bringing together Sri Lanka’s investment community to present its performance, strategic priorities, and growth outlook. The Company highlighted the strength of its resilient business model, underpinned by disciplined execution, a diversified product portfolio, and a robust multi-channel distribution network. […]
Huawei Launches the “AHEAD” Program to Build a New Ecosystem for Mutual Benefits in Education and Healthcare
The 2026 Global Education & Healthcare Partners Convention, convened under the theme “Together, Enabling Intelligent-led Education & Healthcare,” successfully concluded in China. The event drew over 500 industry customers and partners across more than 40 countries and regions. At the event, Huawei unveiled the Alliance on Healthcare & Education AI Digitalization 2.0 —“AHEAD” Program, dedicated […]
Prime Residencies Commences Construction of THE GOLF on Lake Drive, Colombo 08
Prime Residencies, the real leader in the modern real estate, and a subsidiary of Prime Group, officially marked the commencement of construction on its latest ultra-luxury residential development, THE GOLF, with its groundbreaking ceremony held at the project site on Lake Drive, Colombo 8. The event brought together key stakeholders and project partners to mark […]
