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…
Category Archives: Economy
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…
COLOMBO, Sri Lanka, August 15, 2025 (ePRESS) – The Colombo Stock Exchange saw strong investor activity and rising confidence on Friday, with the All Share Price Index (ASPI) jumping 290 points to close at 20,218, crossing the 20,000 mark for the first time in history. This fresh all-time high came as the index maintained steady…
COLOMBO, Aug 12, 2025 (ePRESS) – The National Chamber of Commerce of Sri Lanka, working with the Ministry of Foreign Affairs, Foreign Employment, and Tourism, hosted an exclusive networking session for the corporate and business community on Tuesday at its Colombo headquarters. The event brought together eight newly appointed Sri Lankan Ambassadors and High Commissioners…
COLOMBO, August 15 2025 (ePRESS) – The Commercial Bank of Ceylon has made history by becoming the first private sector bank in Sri Lanka to cross Rs. 3 trillion in assets, a milestone reached in the second quarter of 2025 following strong growth in key financial indicators. In a filing to the Colombo Stock Exchange,…
COLOMBO, Aug 15 (ePRESS) – The Ceylon Chamber of Commerce on Thursday welcomed United States Ambassador to Sri Lanka Julie Chung for a courtesy visit aimed at strengthening trade and investment links between the two countries. Ambassador Chung met with Ceylon Chamber Chairman Krishan Balendra and senior officials to discuss economic opportunities, the investment climate,…