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
AIA Insurance Lanka was the Gold Sponsor of Run For Their Lives (RFTL) 2026, operating a 'Rethink Healthy Zone' and recording engagement of over 5,000 participants. The event supported Apeksha Cancer Hospital and allowed winners to donate prize value to the Kimbulapitiya Safe Water Project.
The India–Sri Lanka Business Forum in Mumbai on 13 May 2026 highlighted renewed momentum in trade, investment and connectivity across tourism, renewable energy, ICT, logistics and infrastructure, with John Keells chair Krishan Balendra among delegates promoting deeper private‑sector ties.
Baby Cheramy (Hemas Consumer Brands) partnered with the German Sri Lanka Friendship Hospital in Galle to install multilingual maternity signages and donated a three-month supply of newborn diapers as the first phase of a one-year NICU support partnership on January 30, 2026.
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.
Healthcare & Pharma
Ada Derana·May 18, 2026·Capacity or capex·DIPDPositive
Dipped Products PLC inaugurated a Rs. 2.3 billion expansion at its Kottawa facility, adding two advanced glove dipping plants, an ETP and a high-efficiency steam boiler with robotic automation to boost high-value glove exports. Parent Hayleys PLC is positioned to benefit from higher export volumes and FX inflows.
ExportersHealthcare & Pharma
Daily FT·May 18, 2026·Capacity or capex·DIPDPositive
Dipped Products PLC (DIPD.N0000) inaugurated a Rs. 2.3 billion expansion at its Kottawa facility to boost automated high-value glove production. The project—by Hayleys PLC’s subsidiary—adds advanced robotic dipping lines, a 2,000 m3/day ETP and a high-efficiency boiler to support exports and sustainability.
Merak 2026 secured the Guinness World Record for the World’s Longest Sensory Board, a 60-meter installation to raise autism awareness. Hatton National Bank served as Exclusive Banking Partner, with other sponsors including Nyne Hotels, Coca‑Cola and Brandix.
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.
Healthcare & Pharma
Ada Derana·May 14, 2026·Promotional / marketing·DIALPositive
Dialog Axiata's subsidiary Digital Health (Doc990) has deployed a digital queue management system for pharmacy counters at Galle National Hospital, enabling patients to take and track queue numbers via screens to reduce congestion and support staff with real-time backend coordination.
The Cabinet approved signing three bilateral agreements with Belarus on aviation, higher education and health ahead of Foreign Affairs Minister Vijitha Herath's visit from 12–15 May, including an Air Services Agreement to enable enhanced aviation links and MoUs on education and health cooperation.
Colombo Stock Exchange fell, with the ASPI down 0.41% (95 points) to 22,920 and the S&P SL20 down 0.40% to 6,269. Banking stocks saw profit taking while top movers included Nawaloka Hospitals (+8.44%), LOLC (+0.83%) and Seylan Bank (+1.65%), and Ceylon Tobacco declared a first interim dividend of Rs.32.40.
Sri Lanka Expo 2026 has been rescheduled to 14–17 January 2027 at BMICH in Colombo. The EDB expects about 750 local exporters and 1,500 international participants and has extended exhibitor registration to 31 July 2026, citing geopolitical uncertainties.
Mordor Intelligence forecasts the coconut oil market to grow from USD 7.75bn in 2026 to USD 11.05bn by 2031 (CAGR 7.36%). Growth is driven by rising demand in cosmetics/personal care, clean-label cooking oils and pharmaceutical/nutraceutical uses, with Asia-Pacific leading production and government support improving supply.
Morison, a subsidiary of Hemas Holdings, says its Homagama facility began commercial manufacturing in 2022 and it is pursuing EU‑GMP accreditation to enable exports. The company manufactures ~60 products, subjects every batch to 20+ tests, and was named LMD's 2024 Most Respected Entity in pharma.
IMRA Foundation opened applications for IMRA Awards 2026, inviting Muslim women across nine sectors with applications closing on 1 July 2026. The awards ceremony is scheduled for 6 September 2026 at the Kingsbury Hotel; categories include Hospitality & Tourism, Healthcare, Banking & Finance, Education, Media, Architecture, Arts & Culture and Entrepreneurship.
The Sri Lanka Export Development Board has rescheduled Sri Lanka Expo to 14–17 January 2027 at BMICH citing geopolitical uncertainty. The event is expected to host about 750 local exporters and 1,500 international participants across apparel, tea, ICT, pharma, renewable energy and other sectors.
Janashakthi Life ran a blood donation campaign at Excel World, with 65 donors contributing over 29,000ml of blood—enough to potentially save approximately 200 lives.
Ceylinco Life donated a Centralised Medical Gas Pipeline System to Teaching Hospital Kalutara, repairing and integrating an oxygen concentrator at a cost of Rs.19 million. The system supplies multiple wards and two operating theatres, supports ~60 inpatient beds, saves ~75,000 Rs/month and avoids ~50 cylinder changes monthly.
Merak 2026 is running islandwide autism-awareness programmes ahead of a Guinness World Record attempt for the World’s Longest Sensory Board, which will be open to the public on 16–17 May at the BMICH to engage parents, teachers and communities.
Lanka Hospitals presented its 2025 Annual Report and the 2026–2030 'HEARTS 360' five-year strategic roadmap, reporting its highest-ever revenue in 2025 and contributing over Rs. 1.4 billion to the State Treasury. The group highlighted record clinical volumes (802 cardiothoracic surgeries) and plans for digital transformation and medical tourism expansion.
China has retooled its Belt and Road Initiative, with deals linked to the programme reaching a record $213 billion in 2025. The revamp emphasizes smaller projects, greater equity stakes (about 40% by 2025) and 'soft connectivity' to export standards, services and digital systems abroad.
Construction ActivityExportersRenewable EnergyHealthcare & Pharma