Sri Lanka and Thailand plan to deepen trade and investment using the Sri Lanka–Thailand FTA and enhanced B2B engagement, targeting tourism, hospitality, food processing, agriculture, logistics and other sectors to boost bilateral ties and supply‑chain links.
Deputy Minister Chathuranga Abeysinghe said Sri Lanka can reach $36bn in exports under the National Export Development Plan if urgent reforms, strategic FDI and lower energy costs are delivered. The government will prioritise digitalisation, trade facilitation, supply‑chain improvements and value addition, with focus on plantations while warning of acute skills shortages.
ExportersRenewable EnergyFuel & Energy PricesTea & Plantation Crops
Ada Derana·Jun 22, 2026·Promotional / marketing·SEYBPositive
Seylan Bank launched 'Seylan Athwela', a concessionary agriculture financing programme offering loans up to LKR 5 million at 5% interest and financing up to 75% of project costs with tenors of up to 3 years (working capital) and 5 years (investment). The scheme funds cultivation (excluding tea/rubber/coconut cultivation), processing/value-addition, machinery, sheds, warehouses, solar projects and working capital to support farmers and agribusinesses.
Construction ActivityExportersRenewable EnergyTea & Plantation Crops
Sri Lanka urged Belgian and Luxembourg investors to seize opportunities in infrastructure and green energy, pointing to planned PPP and investment protection reforms and competitively priced land. Officials highlighted Port City expansion, shipbuilding, marinas and agricultural processing as priority sectors for partnerships.
Construction ActivityRenewable EnergyExportersTea & Plantation Crops
The Presidential Task Force chaired by Tourism Minister Vijitha Herath reviewed major tourism initiatives, including the proposed Southern Mist Corridor across Galle, Matara and Ratnapura and a 10-year Maritime Tourism Corridor with phased ferry services starting from Jaffna. The meeting also covered film-tourism facilitation, skydiving development at Koggala, whale-watching rules and visa/security measures.
Fitch Ratings warns the developing El Niño, likely to persist into early 2027, raises the risk of economic disruption for vulnerable sovereigns by intensifying fiscal, growth, inflation and external liquidity pressures. It could also harm crop yields and lift global food prices, worsening inflation risks.
Sri Lanka GDP grew 5.1% year-on-year in Q1 2026, up from 4.7% in the previous quarter. Growth was led by industry (up 7.2%) with mining +19.5% and construction +16.3%, while services rose 3.4% driven by insurance (+22%), IT/BPM (+16.1%) and financial services (+12.8%); agriculture +1.1%.
Construction ActivityIT & DigitalTea & Plantation Crops
Sri Lanka aims to raise annual cinnamon export earnings to $300m from about $260m, according to a Cinnamon Development Department roadmap. Officials say yields could increase from ~250kg to 400kg per acre with better practices and flagged competition from cassia, low-value markets, weak R&D and branding.
The Central Bank of Sri Lanka denied Kasagala Green Plantation's claim that KGPL is regulated by the CBSL and said it is investigating the company under the Finance Business Act to determine whether it has carried on finance business or accepted public deposits.
Sri Lanka's central bank says it is investigating Kasagala Green Plantation (Private) Limited under the Finance Business Act to determine whether it has carried on finance business or accepted deposits, and formally denied the company's claim that it is regulated by the CBSL.
The UN has formally concluded its emergency response to Cyclone Ditwah after delivering critical assistance to 575,000 people and mobilising $28.5m in donor funds, while recovery and reconstruction needs are estimated at $3.4bn. Around 113,000 homes were damaged or destroyed and more than 2.2m people were affected.
Disaster Management Centre warns Sri Lanka may need to purify and distribute seawater if a strong El Niño triggers prolonged drought, risking reservoirs, agriculture and hydropower output. Authorities are reviewing reservoir management, cultivation schedules and electricity generation contingency plans.
Plantations Minister Samantha Vidyarathna urged advance planning to mitigate potential El Niño impacts on the plantation industry and communities to protect national production targets. Officials recommended soil and water conservation, micro‑irrigation, alternative livestock practices, field officer capacity building and improved weather information.
Prof. Devaka Weerakoon says Sri Lanka's oil palm area is relatively small (~11,000 ha) and mainly converted from rubber rather than forest. He argues evidence shows oil palm is not uniquely more harmful than other plantations and calls for evidence-based, landscape-level management rather than a blanket ban.
Frontier Research says Sri Lanka is better placed to absorb a potential El Niño due to stronger fiscal and external buffers, but warns of short-term pains. It cites an 80% chance of El Niño in June–August 2026 (over 90% through November) and warns disruptions to agriculture, energy and supply chains that could raise inflation.
Fuel & Energy PricesTea & Plantation CropsExportersRenewable Energy
Ada Derana·Jun 10, 2026·Promotional / marketing·BOPLPositive
Bogawantalawa Tea Estates PLC ran a World Environment Week 2026 campaign (June 1–7), planting approximately 15,000 native and fruit-bearing trees across 43 company-managed locations to bolster biodiversity, watershed restoration and carbon sequestration.
Peterson Solutions Sri Lanka opened a new corporate office at Orion City, Colombo on 5 June 2026. The move reflects local growth—the consultancy, part of Peterson and Control Union Group, says it now serves 170+ Sri Lankan clients and is expanding services in sustainability, crop consultancy and digital solutions.
IT & DigitalExportersTourismTea & Plantation Crops
The Ceylon Chamber warned that a proposed 12.5% US labour-related tariff on Sri Lankan exports could hurt competitiveness and urged urgent high-level engagement; apparel and tea exports fell 7% and 6% respectively in the first four months of 2026.
Pink Eagle Holdings is consolidating as a diversified Sri Lankan conglomerate, expanding globally across tea exports, logistics, food manufacturing, hospitality and digital retail. Milestones include Continental Tea/ADRA Ceylon's 10th anniversary, the Avanti freight app launch, and new food-manufacturing and retail initiatives.
Ceylon Chamber warns the US has proposed a 12.5% labour-related tariff on Sri Lankan exports, which could weaken export competitiveness; apparel and tea exports were down 7% and 6% respectively in the first four months of 2026.
ExportersTea & Plantation Crops
Ada Derana·Jun 4, 2026·Earnings & results·SPENPositive
Aitken Spence PLC reported FY26 PBT of Rs. 12.8 billion (up 18%) and PAT of Rs. 9.1 billion (Rs. 6.8 billion attributable to equity holders); tourism accounted for 61% of Group PBT and overseas operations contributed 61% of profits.
TourismRenewable EnergyTea & Plantation CropsIT & Digital
Aitken Spence PLC posted FY26 PBT of Rs. 12.8 billion (up 18%) and PAT of Rs. 9.1 billion (up 27%). Tourism was the main driver—accounting for 61% of group contribution—overseas operations provided 61% of profits, and the group secured SBTi-validated emission reduction targets.
TourismRenewable EnergyTea & Plantation CropsIT & Digital
The Ceylon Chamber will host the Sri Lanka Climate Summit 2026 on 9 June in Colombo to focus on business climate readiness, investment readiness and unlocking climate finance. Participants include the Environment Minister, ADB, UN agencies, Commercial Bank CEO and Aitken Spence sustainability leadership.
Eswaran Brothers Exports launched a six-month "She Transforms" women's leadership programme; within six months 20 women were promoted (a 2.4-fold increase versus the prior year) while male promotions also doubled, with reported improvements in leadership capabilities.
KPMG in Sri Lanka appointed Sachiru Dayananda as Partner effective 1 June 2026. He has 14 years of experience at KPMG, wide industry exposure (including financial services, plantations, healthcare and hospitality) and expertise in LKAS/SLFRS and IFRS implementations.
TourismHealthcare & PharmaTea & Plantation Crops
Ada Derana·Jun 2, 2026·Award or certification·HAYLPositive
Hayleys Plantations (Hayleys PLC group) was recognised among Sri Lanka’s most awarded corporate groups in 2025; Talawakelle Tea Estates ranked No.1 nationally, Kelani Valley Plantations No.3 and Horana Plantations No.15. LMD highlighted the group's sustainability and ESG leadership.
IBCSL will lead a national business delegation to the 4th China‑South Asia Standardisation Cooperation Conference in Chengdu from 8–10 July. The forum aims to harmonise product, service and technical standards with China to reduce non‑tariff barriers and certification costs for Sri Lankan exporters in tea, apparel, gems & jewellery, rubber and IT services.