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IMF Staff-Level Agreement on Third Review of EFF Expected This Week: President Says Parliament

The President announced in Parliament that a staff-level agreement (SLA) with the International Monetary Fund (IMF) on the third review of Sri …

Unveiling the Silent Stakeholder: The Call for Farm Animal Welfare in Sustainability Reporting

A ground-breaking study by researchers Saviesha Samaraweera and Isuru Manawadu from the University of Sri Jayewardenepura sheds light on an …

ADB approves USD200 mn policy-based loan to help Sri Lanka strengthen its financial sector

The Asian Development Bank (ADB) today approved a $200 million policy-based loan to further help the Government of Sri Lanka strengthen its financial …

Sri Lanka Recognized as a Tier 2 – Advancing Country in the Global Cybersecurity Index

Sri Lanka has made significant strides in strengthening its cybersecurity landscape, positioning itself as a leader in the region. This progress is …

Opinion: Good Governance – The People’s Expectations from Sri Lanka’s New Government

By Uddeepa Peiris Sri Lanka’s new government and cabinet, ushered in with promises of change and progress, face the crucial task of meeting public …

President Dissanayake Urges IMF to Strike a Balance in Economic Recovery Program

The government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance …

Sri Lankan Students in the U.S. Increase by 10-pct: Open Doors Report Highlights Growing Educational Ties

The U.S. Embassy in Colombo is pleased to announce the release of the 2024 Open Doors Report on International Educational Exchange, which highlights …

SEC Renews MOUs with National Universities to Grant more Opportunities for Undergraduates

The Securities and Exchange Commission (SEC) signed revised Memoranda of Understanding (MoUs) with Eastern University of Sri Lanka (EUSL) and the …

Sri Lanka Banks’ Association reiterates support to new government

The Sri Lanka Banks’ Association (SLBA) has congratulated President Anura Kumara Dissanayake on his party’s resounding victory at the …

Sri Lanka swears in new cabinet of Ministers today

Sri Lanka's new Cabinet of Ministers, under the National People's Power (NPP) government, was sworn in before President Anura Kumara Dissanayake in …

Opinion: US Election Outcomes and Trade Policy Changes – What It Means for Sri Lanka

By Dr Asanka Wijesinghe Now that the United States (US) election has concluded, what direction will the US’s trade policy be headed? This is one of …

Hayleys records 78-pct growth in PBT to Rs.12.7Bn

The Hayleys Group delivered remarkable growth and profitability during the first half of the financial year ending 31 st March 2025, as it leveraged …

JAAF congratulates NPP on securing clear majority in Parliament

The Joint Apparel Association Forum (JAAF), representing Sri Lanka’s largest export industry, extends its warm congratulations to the National …

New SEC Chief Unveils Strategic Plans for Short-Term and Long-Term Capital Market Growth

Senior Professor D.B.P.H. Dissabandara, appointed as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), highlighted the …

First STS Operation for Liquid Cargo at Hambantota International Port

Hambantota International Port (HIP) has completed its first commercial ship-to-ship (STS) transfer operation for liquid cargo, marking another major …

Final Results: President Dissanayake’s NPP Secures Two-Thirds Majority with 159 Parliamentary Seats

The National People's Power (NPP) party, led by President Anura Kumara Dissanayake, has secured a two-thirds majority in the Sri Lankan Parliament. …

Opinion: Sri Lanka’s Current Nutrition Challenges – How Can They Be Addressed?

By Dr Pulasthi Amarasinghe Sri Lanka is reaching a critical point as a result of poor access to affordable, nutritious food. Nutritional security has …

ComBank accelerates lending in Q3 as strong fundamentals spur growth

Loan book up by Rs 121.06 bn. in 9 months, with 44.20% of growth coming in Q3CASA ratio improves to 39.60% at 30th Sept. 2024Net interest income up …

United States lifts the security alert on the Arugam Bay area

The United States today lifted the security alert on the Arugam Bay area, following close collaboration with the Sri Lankan side and the immediate …

Opinion: Sri Lanka’s Financial Revival – Creating Markets That Attract, Engage, and Prosper

By Jithendra Antonio Sri Lanka, emerging from economic upheaval, the nation’s capital markets hold unprecedented promise, not only for financial …

Fitch Assigns Commercial Bank of Ceylon’s Proposed Debut Green Bond Final ‘A(lka)’

Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (COMB; A(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured listed green …

The onslaught of the beedi industry and its impact on Sri Lanka’s economy

Lack of tax collectability results in dampening of government revenue ambitions While Sri Lanka has made notable progress in tobacco control, with …

IMF to Return to Sri Lanka for Crucial Third Review Soon

In a recent press briefing, the International Monetary Fund (IMF) announced that a mission will soon return to Sri Lanka to continue negotiations for …

Fitch Affirms Ceylon Electricity Board at BB+(lka); Outlook Stable

Fitch Ratings has affirmed Ceylon Electricity Board's (CEB) National Long-Term Rating at 'BB+(lka)'. The Outlook is Stable. Fitch also affirmed the …