Category: Industry
HIP Expands Capacity as Middle East Crisis Drives Surge in Shipping Volumes
Hambantota International Port (HIP) has significantly expanded its operational capacity in response to a sharp surge in global shipping volumes triggered by the ongoing crisis in the Middle East, reinforcing its position as a key alternative hub along the East–West shipping corridor. The port has doubled its Roll-on/Roll-off (RoRo) yard capacity and increased its container […]
Chevron Lanka exceeds LKR 4Bn in earnings for first time
Chevron Lubricants Lanka PLC (“Chevron Lanka”) (LLUB), a listed entity in the Colombo Securities Exchange (“CSE”), notched up record earnings in 2025, the highest ever in its 32-year history of operations in Sri Lanka. Earnings surpassed the LKR 4 billion milestone for the first time, on a topline of LKR 24.39 billion based on the […]
IASL launches revamped website to better serve Sri Lanka’s insurance ecosystem
The Insurance Association of Sri Lanka (IASL) announced the launch of its newly revamped official website at www.iasl.lk, reinforcing the Association’s commitment to transparency, accessibility, and industry leadership in an increasingly digital landscape. The redesigned platform reflects IASL’s recognition that improving its digitalisation standards is centralto its mandate. As Sri Lanka’s insurance industry navigates accelerating […]
Sri Lanka’s apparel sector gains competitive edge under UK’s DCTS scheme
The United Kingdom’s revised Developing Countries Trading Scheme (DCTS), effective fromJanuary 2026, presents a clear opportunity for Sri Lanka’s apparel sector. It is particularlysignificant for small and medium-sized exporters, offering them a stronger footing in a keymarket. The real strength of the revised scheme lies in its practicality. By easing rules of origin andallowing greater […]
EDB and CPC Meets Sri Lankan Exporters on Fuel Distribution
The Sri Lanka Export Development Board (EDB) recently convened a high-level meeting between the Ceylon Petroleum Corporation (CPC) and a broad cross-section of Sri Lanka’s export industry to discuss the current fuel distribution mechanism and its impact on the export sector. Held at the CPC Head Office, the meeting was convened at the initiative of […]
Hambantota Intl Port Invests USD 108 Mn in New Cranes; Expands Container Terminal Capacity To 2 Mn TEU
Hambantota International Port Group (HIPG) has signed an agreement to invest USD 108 million in new container handling equipment, marking a major expansion of its container terminal capacity and reinforcing Sri Lanka’s position as an emerging logistics hub in the Indian Ocean. The agreement, signed at a ceremony held at the Hilton Colombo on March […]
Russian delegation in Sri Lanka for energy talks; signals fuel supply, fertilizer support, refinery interest
The Ministry of Energy said it is taking all necessary measures to ensure uninterrupted and reliable energy supplies amid disruptions linked to the ongoing conflict in the Middle East. As part of efforts to secure petroleum and coal, a high-level delegation from Russia—a major global energy supplier and longstanding ally—arrived in Sri Lanka on Thursday. […]
Iran Pledges Oil Support to Sri Lanka as Colombo Seeks Alternative Supplies
The Ambassador of Iran to Sri Lanka today reaffirmed Tehran’s willingness to support Colombo with energy supplies, even as Sri Lanka turns to other markets amid ongoing global tensions and sanctions-related constraints. At a press briefing, the ambassador was asked whether Iran would step in to assist Sri Lanka in the event of an oil […]
Uber and PickMe urge Government to allocate higher fuel quotas
The country’s leading app-based platforms, Uber and PickMe, have urged the government for support to keep Sri Lanka moving in light of the latest fuel constraints. Highlighting the critical role played by ride-hailing and delivery platforms in helping people access transport, food and essential services, the platforms have jointly asked for higher fuel quotas for […]
To reach US$8 billion, Sri Lanka apparel must grow differently
By Felix Fernando, Chairman, Joint Apparel Association Forum (JAAF) Sri Lanka’s apparel industry has earned its place in the global market through consistency, trust,and a strong reputation for ethical manufacturing. Over many years, we have shown that Sri Lanka can deliver quality, compliance, and reliability at a level that global brands value. That foundation remains […]
Banks to maintain uninterrupted services; SLBA urges public to use digital channels
The Sri Lanka Banks’ Association (SLBA) has assured the public that banks will continue to operate on all five weekdays as an essential service, despite the temporary measures introduced to conserve fuel and energy resources. Accordingly, banks will remain open from Monday to Friday, including Wednesdays, with operations on Wednesdays limited to the hours of […]
EDB Chairman Announces Fast-Track Fuel Supply for Exporters Amid Fuel Shortage
In a critical response to Sri Lanka’s escalating fuel shortages driven by Middle East tensions and QR rationing, Export Development Board (EDB) Chairman Mangala Wijesinghe has highlighted a priority program to ensure exporters receive their essential fuel stocks without delay. Treating the export sector as the nation’s top priority, this government-backed initiative aims to shield […]