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The Island

ComBank becomes the first Sri Lankan bank to cross US$ 1 Bn. in market cap

Rings ceremonial bell at Colombo Stock Exchange to celebrate milestone

1 min  |

August 29, 2025
The Island

The Island

Typically less strong stocks drive the stock market amid profit takings

The share trading activity at The Colombo Stock Exchange (CSE) yesterday indicated mixed reactions while the All Share Price Index was down a bit due to profit takings, especially in banking sector and JKH stocks, market analysists said.

2 min  |

August 29, 2025
The Island

The Island

Sri Lanka-China Buddhist Friendship Association marks 10th anniversary

Anuradhapura.

1 min  |

August 29, 2025

The Island

Lanka software firms to tie up with Indian giants for digital ID

Software firms in Sri Lanka are gearing to tie up with Indian tech giants to bid for the master systems integrator contract for the Sri Lanka Unique Digital Identity (SL-UDI) system, according to a Biometric Update report.

1 min  |

August 29, 2025

The Island

UNP-JVP political relationship and Wickremesinghe’s arrest

Former President and UNP leader Ranil Wickremesinghe’s recent arrest over alleged misuse of public funds caused irreparable damage to the once critically important political relationship between the UNP and the JVP, the main constituent of the ruling NPP.

10 min  |

August 29, 2025
The Island

The Island

Mark Wood targets Durham return in build-up to Ashes

England fast bowler Mark Wood is set to make his competitive return to action for Durham in the County Championship next month as he steps up his rehabilitation from knee surgery ahead of this winter's Ashes.

3 min  |

August 29, 2025

The Island

Social media posts against judiciary: BASL asks for punitive action

Referring to recent comments on social media and other platforms, the BASL has asked relevant authorities to deal with perpetrators in terms of Article111(C) (1) and (2) of the Constitution, which contains penal provisions regarding interference with the judiciary.

1 min  |

August 29, 2025

The Island

Digitalisation in Sri Lanka: opportunity or threat?

Sri Lanka is entering an important phase in its journey toward digitalization, with Indian support being offered to modernize various government systems. On the surface, this initiative seems both timely and essential.

1 min  |

August 29, 2025

The Island

China plans next 5 years: Does public opinion matter?

The Peoples Republic of China (PRC) established on October 1st 1949 planned their path towards their 1st & 2nd centenary goals in five year steps.

3 min  |

August 29, 2025
The Island

The Island

Sri Lanka's international recognition flies high as the Colombo International Kite Festival ends up on a successful note

The much awaited Colombo International Kite Festival, organized by Sri Lanka Tourism, in collaboration with Derana Media Network, concluded successfully with a ground breaking number of visitors, participants and the public coming to the Galle Face Green, to witness one of the most colorful and glamourous events of the year.

2 min  |

August 29, 2025

The Island

In a post-truth world, what happens if we can't trust US economic data anymore?

We may already live in the post-truth world, but are we about to enter the era of post-truth statistics?

4 min  |

August 29, 2025

The Island

Should a suspect be handcuffed?

Former President Wickremesinghe being taken to remand prison. /mage courtesy AFP.

2 min  |

August 29, 2025

The Island

Wildlife officers arrest five in Wilpattu poaching raid

Wildlife officers from the Kukulkatuwa Beat Office of Wilpattu National Park arrested five suspects yesterday in connection with the killing of a pregnant deer in Ranorawa, Meegasdeniya.

1 min  |

August 29, 2025

The Island

DEW questions NPP's action against ex-Prez Ranil

Veteran politician D.E.W. Gunasekera yesterday (26) said that the Criminal Investigation Department (CID) could have filed a case against former President Ranil Wickremesinghe over alleged misuse of public funds without creating a drawn out drama by producing him in court on a Friday night.

2 min  |

August 29, 2025

The Island

Shasheendra further remanded

Ex-State Minister Shasheendra Rajapaksa, arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC), on 06 August was yesterday further remanded until 29 August, pending investigations. The Colombo Magistrate's Court issued the directive when the ex-parliamentarian was produced before court.

1 min  |

August 29, 2025

The Island

UK teeters on economic collapse Telegraph

Britain is facing the prospect of a repeat of its crippling 1976 economic crash as soaring debt and borrowing costs raise doubts over Labour's budget policies, leading economists have warned, according to a Telegraph report.

1 min  |

August 29, 2025
The Island

The Island

Venerable Bhanthe, it is your turn...

With the heightened attention to education reforms, there is a deluge of opinions, praise, and criticism of the so-called proposals in all media.

7 min  |

August 29, 2025
The Island

The Island

Ranil granted bail despite AG's objections

JVP-led NPP seeking to establish one-party rule: Opposition

2 min  |

August 29, 2025
The Island

The Island

Sudarshan Chakra, India’s Iron Dome, hits sky; Maiden flight successful

India has carried out the first firing tests of a new Integrated Air Defence Weapon System (IADWS) that consists of missiles and high-powered lasers to take down enemy air threats.

2 min  |

August 29, 2025
The Island

The Island

Tea Avenue expands to India and eyes 200 outlets globally by 2035

Tea Avenue, Sri Lanka’s flagship tea café brand with a heritage spanning four generations, today announced its official entry into the Indian market through a strategic partnership with FranGlobal, the international arm of Franchise India Group. This milestone marks Tea Avenue’s first step outside Sri Lanka and into one of the world’s most dynamic tea markets, underscoring the brand’s ambition to build a global footprint of more than 200 outlets by 2035.

1 min  |

August 29, 2025
The Island

The Island

Raising the Bar Again: CIPM adds ISO 21001:2018 to its growing list of global accreditations

CIPM Sri Lanka, the nation’s leader in Human Resource Management, has achieved a landmark accomplishment by earning the ISO 21001:2018 Educational Organization Management System (EOMS) certification from the Sri Lanka Standards Institution (SLSI) — an honour that cements its position at the forefront of educational excellence.

1 min  |

August 29, 2025
The Island

The Island

AB Mauri Lanka celebrates exceptional safety achievements with Target Zero Safety Award

AB Mauri Lanka is proud to announce its recognition at the prestigious AB Mauri Global Award, Target Zero Safety Awards 2023/2024 under the Safety Performance category.

3 min  |

August 29, 2025

The Island

Sajith Premadasa seeks Prince William’s support for wild elephant conservation

Opposition Leader Sajith Premadasa yesterday (26) handed over a letter to British High Commissioner in Colombo Andrew Patrick addressed to His Royal Highness the Prince of Wales, Prince William, requesting his invaluable support to safeguard Sri Lanka’s free-ranging wild elephants — home to one of the largest Asian elephant populations.

1 min  |

August 29, 2025
The Island

The Island

Sri Lanka's apparel exports record 9% growth in July 2025

Sri Lanka’s apparel exports recorded steady growth in July 2025, rising by 9.84% to US$ 455.16 million compared with US$ 414.38 million in July 2024.

1 min  |

August 29, 2025

The Island

Emotional Kvitova ends career with US Open loss

\"was my last one - [I'm] emotional,\" Kvitova said on court afterwards.

2 min  |

August 29, 2025
The Island

The Island

Macroeconomic factors fuel upswing in stock investor sentiment

The CSE bounced back yesterday because investor sentiment had improved as a result of macroeconomic fundamentals proving conducive to business, market analysts said.

1 min  |

August 29, 2025

The Island

Ranil gets bail

Former President Ranil Wickremesinghe, arrested and remanded on Friday (22) for alleged misuse of state funds during a visit to London, while in office, was granted bail yesterday.

3 min  |

August 29, 2025

The Island

Arrest of Wickremesinghe, democracy and Rule of Law: Upholding accountability

Democracy is often hailed as a system of government where the rule of law prevails over the rule of individuals.

5 min  |

August 29, 2025

The Island

Cricket economy struck hard by real money gaming ban

The exit of Dream11 as the jersey sponsor of the Indian team is just a fragment in a large ecosystem dominated by the fantasy gaming industry.

4 min  |

August 29, 2025

The Island

NPP targeting Rajapaksas - MR

Former President Mahinda Rajapaksa yesterday said that the sudden arrest of ex-President Ranil Wickremesinghe has received the attention of the world.

1 min  |

August 29, 2025