COLOMBO, Sri Lanka, August 21, 2025 (ePRESS) – John Keells Holdings (JKH) Consumer Foods Sector, which includes Ceylon Cold Stores (CCS) and Keells Food Products PLC (KFP), has signed a landmark Memorandum of Understanding (MoU) with the Faculty of Agriculture of the University of Peradeniya to drive research and innovation in Sri Lanka’s food and…
Category Archives: Economy
COLOMBO, Aug 12, 2025 (ePRESS) – Veteran high net worth investor Indra Silva and leading conglomerate MetroCorp have picked up fresh stakes in National Development Bank PLC (NDB), in a transaction that stirred the Colombo bourse on Tuesday. Silva acquired 4.09%, while MetroCorp bought 2.58%, taking MetroCorp’s overall holding in the bank to 4.7%. The…
COLOMBO, Sri Lanka, August 18, 2025 (ePRESS) – The Colombo Stock Exchange (CSE) saw a strong day of trading on Monday with the benchmark All Share Price Index (ASPI) climbing 252 points, or 1.25 percent, to close at 20,471. The index held steady gains throughout the session, boosted mainly by retail investors and supported by…
COLOMBO, Sri Lanka, August 18, 2025 (ePRESS) – The United Nations Development Programme (UNDP) in Sri Lanka has launched a new livestock insurance scheme aimed at protecting both farmers and the country’s endangered Sri Lankan leopard. The initiative, introduced under UNDP’s Biodiversity Finance Initiative (BIOFIN), is carried out with the Wildlife and Nature Protection Society…
COLOMBO, Sri Lanka, August 18, 2025 (ePRESS) – Artificial Intelligence (AI) has the potential to greatly increase worker productivity in Sri Lanka, but a lack of digital skills and infrastructure may hold back progress, a new survey by the Institute of Policy Studies (IPS) has warned. The IPS study estimates that around 1.83 million workers…
COLOMBO, Sri Lanka, August 18, 2025 (ePRESS) – The owners of a Singapore-registered vessel on Friday urged Sri Lanka to seek more “rational” compensation after being ordered to pay US$1 billion for causing the island’s worst-ever case of marine pollution. Sri Lanka’s Supreme Court in July directed X-Press Feeders to pay the damages within a…
COLOMBO, Sri Lanka, August 18, 2025 (ePRESS) – A 15-year-old Brisbane teenager, Byron Waller, touched down at Colombo International Airport – Ratmalana this morning on his historic attempt to become the youngest supported pilot to circumnavigate the world. Byron completed an epic 11-hour flight across the Indian Ocean, marking one of the toughest legs of…
COLOMBO, August 17, 2025 (ePRESS) – Union Bank was honoured with a Special Award at the Satyn Women Friendly Workplace Awards 2025 for its efforts in promoting women in leadership and creating equal opportunities. With women making up 50 percent of the Bank’s total workforce, the recognition highlights Union Bank’s strong commitment to gender equality…
SINGAPORE, August 17, 2025 (ePRESS) – The “Invest Sri Lanka” Investor Forum, organised by the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC), wrapped up successfully at the Conrad Singapore Marina Bay, drawing more than 150 prospective investors from across sectors. The high-profile event, held in association with the…
COLOMBO, Sri Lanka, August 16, 2025 (ePRESS) – Vidullanka PLC has strengthened Sri Lanka’s renewable energy drive by commissioning the second phase of its Horana Solar Power Plant, adding 2 megawatts (MW) of clean energy to the national grid. The new plant, built by subsidiary Vidul Solar Power (Pvt) Ltd, has an AC capacity of…