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News
Sri Lanka???s Asia Asset Finance lists new shares after Rs1.5bn in rights issue
12+ hour, 38+ min ago (1637+ words) Monday September 14, 2026 10:39 am ECONOMYNEXT – Sri Lanka’s Asia Asset Finance has listed 45,162,012 ordinary voting shares after a rights issue that raised 1.5 billion rupees, the company said in a market filing. The issue offered 4 new ordinary voting shares for every 11 existing at…...
Sun Siyam Pasikudah set to capitalize on Sri Lanka???s trending wellness status
1+ week, 11+ hour ago (1692+ words) Monday September 7, 2026 11:34 am ECONOMYNEXT – Sun Siyam Pasikudah is looking to capitalize on wellness travel after Sri Lanka was named the world’s top trending wellness travel destination for the year, recording a 100 percent surge in global demand according to the State…...
Sri Lanka???s Hunas Holdings partners with Japan???s CCH Inc
1+ week, 5+ day ago (1346+ words) Wednesday September 2, 2026 5:20 pm ECONOMYNEXT – Sri Lanka’s Hunas Holdings, a diversified conglomerate, said it was partnering with CCH Inc to develop its real estate and hospitality sectors. CCH Inc is a Tokyo-based diversified business group founded in 2008 that specializes in business…...
Sri Lanka to submit regulations on 68 Port City strategic businesses to parliament
1+ week, 6+ day ago (1639+ words) Tuesday September 1, 2026 3:14 pm ECONOMYNEXT — Sri Lanka’s Cabinet of Ministers has approved submitting gazetted regulations to Parliament designating 68 entities in the Colombo Port City as Secondary Businesses of Strategic Importance. The proposal was presented under the provisions of the Colombo Port…...
World Bank loans $200mn to boost Sri Lanka tourism
1+ week, 6+ day ago (1554+ words) Tuesday September 1, 2026 10:44 am ECONOMYNEXT – Sri Lanka will obtain a 200 million US dollar concessional loan from the World Bank to develop its tourism sector, starting with 77 million dollars to turn Colombo into a high-value travel destination, an official said. Natasha Kapil,…...
Sri Lanka construction activity expands in July 2026: PMI
1+ week, 6+ day ago (1495+ words) Tuesday September 1, 2026 9:18 am ECONOMYNEXT – Sri Lanka’s construction sector activity expanded in July 2026 due to a sustained flow of construction work, registering a value of 61.4 on a Purchasing Managers Index compiled by the central bank. “Many survey respondents highlighted the sustained…...
Sri Lanka services exports rise 20.07-pct in July 2026, despite drop in financial services
2+ week, 6+ hour ago (1600+ words) Monday August 31, 2026 3:37 pm ECONOMYNEXT – Sri Lanka’s services exports in July 2026 rose by 20.07 percent to 351.92 million dollars, compared to the same period last year, the island’s Export Development Board said. “Our priority now is to build on this momentum by strengthening…...
Sri Lanka Customs exceeds revenue goal for eighth straight month in August
2+ week, 1+ day ago (1595+ words) Sunday August 30, 2026 12:13 pm ECONOMYNEXT – Sri Lanka Customs exceeded its monthly target for an eighth consecutive month in August, achieving the target before the end of the month, official data showed. Customs’ August revenue target was set at 190.3 billion rupees. However,…...
Sri Lanka July 2026 tourism revenue down 10.4-pct y/y
3+ week, 5+ hour ago (1711+ words) Monday August 24, 2026 5:52 pm ECONOMYNEXT – Sri Lanka’s foreign exchange revenue from tourism fell 10.4 percent in July this year from a year ago to US$285,5 million, the central bank said, quoting tourism promotion authority data. The fall comes two months after the…...
Sri Lanka???s Singer Finance plans rights issue of 76,648,787 shares
3+ week, 4+ day ago (1731+ words) Thursday August 20, 2026 12:08 pm ECONOMYNEXT – Sri Lanka’s Singer Finance plans a rights issue of 76,648,787 ordinary voting shares at 39.20 rupees per share, according to a market filing. The proportion in which the shares are to be used is 8 new ordinary voting shares…...