Business
Latest Business news and updates from Sri Lanka and the Sri Lankan community in Australia.
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Dart Global Opens State-of-the-Art Logistics Centre in Sri Lanka
DGL Free Zone (Pvt) Ltd. has officially opened a 135,000 sq. ft. state-of-the-art logistics facility under the Dart Global Logistics Group. The facility offers…
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Mumbai Lake Water Levels: Stock Climbs To 95.53%, Vihar And Modak Sagar At Full Capacity
The seven lakes are crucial to Mumbai's drinking water supply, and their storage levels are closely monitored by the Brihanmumbai Municipal Corporation (BMC)…
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US national debt exceeds $40 trillion for first time
The US gross national debt has surged past $40 trillion for the first time, government data showed Wednesday, outstripping earlier forecasts at a pace fuelled…
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Aditya Birla Group taps local lenders for Sprng Energy
Axis Bank has underwritten the entire amount and is likely to keep a large part of around Rs 5,000 crore to the financing, while State Bank of India and HDFC…
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Skoda setting conservative sales targets in Australia despite projected EV growth
Skoda is focusing on stability rather than aggressive growth in Australia, with its expanding range of EVs set to underpin sales over the coming years.
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Global Market Today: Asian stocks dip with AI in focus, oil declines
MSCIs Asia Pacific equities gauge dipped 0.1%, with the Kospi Index in South Korea — a bellwether for AI investments — falling 1.2%. However, US equity-index…
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Shein aims for almost $27bn valuation in 1 September stock market debut
The valuation is much lower than $100bn reached in a round of private fundraising in 2022.
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Gold hits over three-month high ahead of US inflation data, Fed chair speech
Gold prices have surged to a three-month high, driven by investor anticipation for upcoming US inflation data. The speech by Federal Reserve Chair Kevin Warsh…
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How Malampaya gas discoveries give Philippines more energy security options, first gas before end-2026
Phase 4 discoveries offer breathing room as Philippines reshapes its power mix
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Delayed, Not Denied: India’s BGAI Entry Waits on Market Access
Indias potential inclusion in the Bloomberg Global Aggregate Bond Index remains delayed, not denied, with operational accessibility the key hurdle. Inclusion…
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Palestinian teen shot and killed in West Bank attack, UN responds
A 17-year-old Palestinian was killed and another person critically injured in a settler attack in the occupied West Bank
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Abu Dhabi expands energy and water ties during US visit
Abu Dhabi DoE delegation visits US to expand energy and water cooperation, sign MoUs on AI, automation and quantum computing, and boost infrastructure…
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India approves 1,800 km of new LPG pipelines across 6 states with ₹7,000 crore investment to boost supply
The regulator has approved three major LPG pipeline projects spanning Telangana, Maharashtra, Uttar Pradesh, Uttarakhand, Karnataka and Goa. The projects will…
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UAE billionaire questions 'world's richest' lists, honours Emirati business pioneers
For Emirati billionaire Khalaf Al Habtoor, true success goes far beyond a ranking and estimated wealth, to what businessmen build and leave behind
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Air Arabia launches Katowice service, expands Poland network
Air Arabia launches four weekly non-stop Sharjah–Katowice flights from 17 December 2026, expanding its Poland network alongside Kraków and Warsaw with Airbus…
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Commercial Bank Named Sri Lanka’s Strongest Banking Brand for 2026
Commercial Bank of Ceylon has once again been named Sri Lanka’s Strongest Banking Brand in Brand Finance’s 100 Most Valuable Brands 2026 report. The Bank’s…
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Sri Lanka Named Among Key Trade Hubs in White House Report on Global Supply Chain Shifts
Sri Lanka has been identified among more than 40 countries gaining importance as global supply chains shift following US tariffs on Chinese goods. A new White…
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Orion City Launches Orion Tower II, Expanding Colombo’s Business Hub
Orion City has launched Orion Tower II, a major new commercial office development with construction beginning in August 2026 and completion targeted for…
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Kasturi Chellaraja Wilson: From National Athlete to Sri Lanka’s Corporate Leadership Pioneer
From national-level basketball and netball to becoming Sri Lanka’s first female Group CEO of a publicly quoted conglomerate, Kasturi Chellaraja Wilson’s…
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Dollar at three-month lows as Treasury seeks to rein in surging bond yields
U.S. dollar hits three-month low as Treasury buybacks aim to curb surging long-term bond yields amid global debt and inflation concerns
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Thousands of dollars up for grabs as Aussie banks scramble for home loan business
Pressure is increasing on lenders to offer more competitive rates as they fight to attract, and retain, customers.
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LAUGFS Supermarkets Opens 24-Hour Outlet in Mount Lavinia
LAUGFS Supermarkets has opened its 44th outlet in Mount Lavinia, introducing a 24-hour shopping experience for customers. Located on Galle Road, the new store…
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OneDriver.lk Wins Silver at BestWeb.LK 2026 Awards for Best Automotive Website
OneDriver.lk has won Silver in the Best Automotive Website category at the BestWeb.LK 2026 Awards, recognising its transformation from a manually operated…
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Dollar rate today: Rupee appreciates further against US Dollar
The Sri Lankan Rupee has appreciated further against the US Dollar at some commercial banks in Sri Lanka today (19),
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India's SpiceJet bankruptcy cases to be reheard in setback for lessors
Indian court orders fresh hearings for SpiceJet bankruptcy petitions after last-minute lessor settlement, giving the airline temporary relief while insolvency…
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UAE developers shift focus to funded projects nearing completion, says report
Larger developers like Emaar and Majid Al Futtaim are better placed to sustain phased project model amid weaker demand, according to Fitch Ratings
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UAE suspends Iran trade as Gulf tensions rise
UAE halts trade with Iran amid rising Gulf tensions, signaling a major shift in regional economic and diplomatic ties.
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UAE imposes indefinite trade embargo on Iran over alleged missile attacks
Iran denies launching missiles at the UAE, suggesting the incident was a ‘false flag operation’.
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Global Furniture Giant KUKA HOME Expands into Sri Lanka with Its First Store
Global home furnishing brand KUKA HOME has opened its first Sri Lankan showroom in Colombo, bringing its contemporary furniture, smart living solutions and…
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Nestlé Golden Chef’s Hat Competition 2026 Commences Regional Rounds
The Nestlé Professional Golden Chef’s Hat Competition 2026 has commenced its regional rounds in partnership with the Chefs Guild of Lanka, with Colombo and…
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Seylan Bank Wins Two Titles at Euromoney Awards for Excellence 2026
Seylan Bank has won two major honours at the Euromoney Awards for Excellence 2026, being named Sri Lanka’s Best Bank for Customer Experience for the second…
