Harsha proposes GDP growth-linked instrument for domestic debt optimisation
During a recent press conference, Opposition MP Harsha de Silva warned against the potential risks of domestic debt optimization, stressing the need …
All News
Hambantota International Port launches Duty Free Complex
The Hambantota International Port (HIP) launched its Duty Free Complex with the opening of 2 duty free shops within the port’s premises. The …
FAO & China launch USD1.5 mn project to strengthen Fruit Value Chains in Sri Lanka
The Food and Agriculture Organization of the United Nations (FAO) initiated a 1.5 million USD project via funding from China as part of the …
TISL files petition with Supreme Court challenging Anti-Corruption Bill
Transparency International Sri Lanka (TISL) on Wednesday filed a petition (SC SD 19/2023) with the Supreme Court, challenging the Anti-Corruption …
President instructs amendment of Land Act to suit current needs
President Ranil Wickremesinghe instructed the relevant officials to amend the existing ordinances regarding lands to suit the current development …
Creditor Committee wants debt treatment on terms at least as favorable as ones agreed by them
The official Creditor Committee comprised of 17 countries stresses the importance for private creditors and other official bilateral creditors of Sri …
Two Cruise Ships at Hambantota International Port
Two cruise ships, MS Europa 2 and MS Azamara Quest visited Hambantota International Port (HIP) on Tuesday (9th). More than 900 passengers disembarked …
Sri Lanka – Thailand FTA scheduled for early 2024
The fourth round of talks on the proposed Sri Lanka-Thailand Free Trade Agreement was held recently with both parties agreeing to complete the …
Sri Lanka to start converting three-wheelers from petrol to EVs enhancing e-Mobility
Sri Lanka, like many other global nations, is working towards adopting greener and cleaner approaches for a more sustainable and resilient future. …
PUCSL Chair calls for 20-pct price drop in electricity rates
The Chairman of Public Utilities Commission of Sri Lanka Janaka Ratnayake says that the electricity consumers should get a 20 percent tariff …
SJB opposes selling of strategically important SoEs but wants an end to monopoly
SJB Parliamentarian Eran Wickramaratne assured that main opposition was ready with plan and strategies to implement projects for the wellbeing of the …
Bringing Swiss Precision to Killinochchi Agriculture
By Jekhan Aruliah I first met Kamilton Arumugam and Lieke Schroder by mistake. We met at my place in Jaffna about a project a mutual friend thought …
Ceylon Chamber of Commerce appoints Buwanekabahu Perera as new CEO
The Ceylon Chamber of Commerce announces the appointment of Buwanekabahu Perera as the new Secretary General/Chief Executive Officer. He takes over …
Sri Lanka Central Bank assures banking sector stability in debt restructuring process
The Central Bank of Sri Lanka (CBSL) has assured the banks that the regulatory stance in the on-going Domestic Debt Optimization (DDO) …
Ajay Banga becomes 14th President of World Bank
The Executive Directors of the World Bank today selected Ajay Banga as President of the World Bank for a five-year term beginning June 2, 2023. Ajay …
New members appointed to National Procurement Commission & Finance Commission
President Ranil Wickremesinghe has made appointments to the National Procurement Commission and the Finance Commission. On the recommendation of the …
Sri Lanka exports decreased by 2-pct to USD 1,037 Mn in March
Sri Lanka’s merchandise exports decreased by 1.96 % to US$ 1,037.5 Million in March 2023 compared to March 2022. Moreover, it is a 5.14 % decrease …
X-Press Pearl Disaster: From Flames to Prevention
By Ruwan Samaraweera: Sri Lanka’s ecological disaster related to the MV X-Press Pearl, a container ship carrying hazardous chemicals that caught …
ADB President commends SL for action taken to overcome economic crisis and pledges further support
Foreign Minister Ali Sabry met with the President of Asian Development Bank, Masatsugu Asakawa in Seoul, Republic of Korea during the 56th Annual …
Green bonds gain traction in Sri Lanka: Securities and Exchange Commission
By Securities and Exchange Commission of Sri Lanka Sustainable Financing Sustainable finance refers to any form of financial service integrating …
Govt public debt restructuring and concerns of the banking sector: SL Banks Association
The banks believe that all stakeholders involved in structuring the restoration of Sri Lanka’s Balance of Payments to a sustainable equilibrium …
Expolanka Holdings ends FY 2023 focusing on consolidation strategy to deliver long term growth
Expolanka Holdings PLC ended its financial Year 2023 displaying resilience in the face of a challenging macro environment, while pursuing a strategy …
China Merchants Group investment in Sri Lanka reaches USD 2 Billion
The Chairman of the China Merchants Group (CMG), China’s largest diversified conglomerate, who was on a visit to Sri Lanka says the Group’s …
Sri Lanka joins hands with UNDP to align tax & fiscal policies to achieve SDGs
The Sustainable Development Goals (SDGs) are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and …