UNP criticised a Verité Research comparison of legislative output, arguing Sirisena’s first 18 months produced higher-quality laws — citing the 19th Amendment, National Medicines Regulatory Authority Act and Right to Information Act. It also referenced Ranil Wickremesinghe’s 75 laws including the 22nd Amendment and Central Bank of Sri Lanka Act.
EDB and NMRA met with pharmaceutical manufacturers in Colombo to address export barriers, citing delays in product registration and regulatory approvals as key constraints to boosting exports. They committed to aligning processes with international benchmarks to support Sri Lanka's $36bn export target by 2030.
Colombo Stock Exchange will host a free online workshop on 23 June 2026 (1:00–4:30pm) to guide corporates on implementing the ISSB/IFRS Sustainability Disclosure Standards (IFRS S1 and S2). Sri Lanka adopted SLFRS S1/S2 effective 1 Jan 2025, with phased mandatory compliance across listed entities through 2027.
The EDB and NMRA met with Sri Lankan pharmaceutical manufacturers to tackle export barriers, prioritizing delays in product registration and aligning regulatory processes with international benchmarks to boost pharmaceutical exports; EDB noted pharma is key to the USD 36bn export target by 2030.
Sunshine Holdings reported consolidated FY26 revenue of Rs.65.9 billion, up 11.2% YoY. PAT was Rs.5.0 billion (down 2.5% YoY) as NMRA pricing cuts weighed on healthcare margins, and the group acquired a majority stake in Joint Agri Products Ceylon Ltd to bolster exports.
President Anura Kumara Dissanayake declared 15 categories of public services — including electricity, fuel distribution, healthcare, transport, ports/airports, water, telecoms, banking and insurance — as essential under the Essential Public Services Act to ensure uninterrupted services in post-disaster conditions.
Fuel & Energy PricesHealthcare & PharmaIT & DigitalConsumer Staples (FMCG)
Ada Derana·May 29, 2026·Promotional / marketingPositive
The Board of Investment launched the 'Ready to Invest' digital platform showcasing 30 pre-structured, shovel-ready projects across eight priority sectors to attract international capital. BOI says USD 1.9bn of approved projects are ready to break ground, with a further USD 1.4bn in the pipeline.
LG Electronics opened its first LG Business Innovation Centre at Abans Elite in Colombo on 14 May 2026, a dedicated hub for commercial information displays and AV solutions. The centre showcases integrated solutions (video walls, digital signage, Pro TV and management software) for retail, hospitality, healthcare and transport and is open for demos.
Speakers at the Sri Lanka Brand Forum Leadership Summit urged companies to redesign strategy for a new era of permanent volatility, prioritising employee wellbeing, organisational resilience (slack resources), decentralised decision-making, and long-term purpose-driven social programs.
Fuel & Energy PricesIT & DigitalHealthcare & PharmaConsumer Staples (FMCG)
The BOI launched 'Ready to Invest', a digital platform showcasing over $3bn of investor-ready projects across eight priority sectors. BOI said Sri Lanka attracted $1.06bn FDI in 2025 and about $1.9bn of BOI-approved projects are set to commence, led by urban/mixed-use ($970m), manufacturing ($650m), tourism ($400m) and logistics ($385m).
Dr. Nirmal De Silva launched his book 'The 15 Organizational Realities' at BMICH, Colombo, presenting fifteen recurring organizational patterns and practical leadership shifts based on over 7,800 engagements across more than 250 organisations. The launch included a panel of senior private- and public-sector leaders.
IT & DigitalHealthcare & PharmaTourismConsumer Staples (FMCG)
Hemas Holdings (HHL) reported record FY2025/26 results with group earnings of Rs.8.92 bn (up 10.7% YoY) and revenue of Rs.127.4 bn (up 8%). The group has earmarked over $100m for investments over the next four years and expects an FY27 acquisition to raise international revenue to 10% from 3%.
BOI Acting Chairman Dr. Sulakshana Jayawardena unveiled a pipeline of 30 structured investment projects across manufacturing, logistics, tourism and infrastructure aimed at Vietnamese investors. He said Sri Lanka has regained macro stability with GDP growth of 5% in 2024–25 and FDI rising to $1.063bn in 2025 (target $1.5bn in 2026).
The Ceylon Chamber of Commerce delegation led by Chairman Krishan Balendra held high-level economic engagements in Mumbai on 13–14 May, culminating in the renewal of an MoU with the Indian Merchants' Chamber. Discussions targeted technology, manufacturing, healthcare, renewable energy and digital transformation to boost bilateral trade and investment.
IT & DigitalRenewable EnergyHealthcare & PharmaExporters
Sri Lanka's Board of Investment pitched a pipeline of 30 project-ready opportunities to Vietnamese investors as the economy rebounds — GDP grew 5.0% in 2024 and 2025 and FDI rose to US$1.063bn in 2025. Projects span manufacturing, logistics and port services, tourism, pharma, and mixed infrastructure developments.
Colombo Stock Exchange closed up with the ASPI rising 0.44% to 21,929.64 on turnover of Rs.2.17 billion, led by capital goods turnover of Rs.545.5 million. Lanka Hospitals announced a tax-free final dividend of Rs.1.00 per share (total Rs.223.73 million) payable without shareholder approval.
The Cabinet approved plans to draft Sri Lanka’s first inbound labour migration policy to regulate recruitment and oversight of foreign skilled and semi-skilled workers; a Steering Committee will be appointed to prepare the draft framework to address sectoral labour shortages and centralise monitoring.
Construction ActivityTourismHealthcare & PharmaIT & Digital
Colombo Stock Exchange was up midday, ASPI +0.54% (119.98 pts) to 22,433. Market turnover was Rs.597.2m with capital goods leading at Rs.181.7m; Colombo Fort Investments and Colombo Investment Trust announced interim scrip dividends.
Sri Lanka was ranked 31st in Travel And Tour World’s Top 50 Wellness Destinations for 2026. The report highlights a nearly USD 1 trillion global wellness tourism market and praises Sri Lanka’s Ayurveda, yoga and meditation offerings as drivers of wellness travel demand.
Medihelp Hospitals opened a new branch in Kiribathgoda, offering OPD, ETU, channeling, laboratory diagnostics, radiology, ultrasound and echocardiography to expand its network. The launch returns Medihelp to its origins and signals further planned expansion in Gampaha district, including Kadawatha.
IIHS Multiversity, led by Dr. Kithsiri Edirisinghe, has developed international nursing pathways and trained over 4,500 Sri Lankan nurses, with more than 2,500 working abroad and contributing foreign income to Sri Lanka.
The Sri Lankan rupee has fallen more than 5% so far this year, risking higher inflation and possible monetary tightening that would raise borrowing costs; rising import, fuel and medicine prices threaten household purchasing power and could drag on growth.
Rupee & ForexInterest RatesFuel & Energy PricesConstruction Activity
CMA Sri Lanka launched national Cost Accounting Standards to strengthen costing, control and reporting across large and medium public and private institutions; the standards prioritize sectors including power, telecom, manufacturing, drugs and agricultural/tea exporters to improve efficiency, pricing transparency and competitiveness.
Sri Lanka signed agreements with Belarus on cooperation in health care and higher education and a bilateral Air Services Agreement; over 3,000 Sri Lankan medical students are studying in Belarus and the SLMC recognizes MD degrees from select Belarus state universities.
Cabinet approved procurement of 865,000 vials of Meropenem for $908,250 from United Biotech at the original unit price of $1.05 per vial to meet rising hospital demand. The supplementary order follows an earlier approval for 1.9 million vials and equals 45.53% of that original quantity.