The Faculty of Management Studies and Commerce, University of Sri Jayewardenepura, in collaboration with Port City Colombo, has co-authored and internationally published an academic case study and accompanying teaching notes for students, examining the project’s potential role in shaping Sri Lanka’s long-term economic future. Published by Nova Publishers, New York, USA, the study titled “Port…
Rupee depreciation and fuel hikes amid geopolitical tensions weigh on business sentiment June’s economic narrative remained complex as fuel price revisions, currency volatility and geopolitically driven inflationary pressures continued to test the resilience of Sri Lanka’s fragile recovery. The Sri Lankan Rupee came under pressure in June amid heightened external sector challenges with the Central Bank of Sri Lanka…
Sri Lanka has earned a prestigious spot in the 2026 global medical tourism landscape, ranking 49th among the world’s most sought-after healthcare destinations. The island nation is increasingly recognized for its sophisticated “integrated healthcare journeys,” which combine high-quality clinical procedures in fields like cardiology, oncology, and fertility treatment with world-renowned Ayurveda traditions. From the advanced…
Fitch Ratings: The formation of an El Niño weather phenomenon that is set to persist into early 2027 raises the risk of economic disruption in a range of sovereigns, says Fitch Ratings. Fitch is unlikely to link rating actions directly to El Niño unless the effects are clearly reflected in credit metrics, but related environmental…
By Professor Devaka Weerakoon, Department of Zoology and Environment Science, University of Colombo Sri Lanka’s decision to phase out oil palm cultivation has been shaped by perception rather than policy. At the center of the debate lies a powerful claim: that oil palm poses a significant threat to biodiversity and the environment. Scientific evidence however,…
The India–Sri Lanka Binational Bridge and Tunnel – Why Sri Lanka Should Embrace the Opportunity of the Century By Jithendra Antonio For decades, Sri Lanka has debated ports, airports, expressways, free trade agreements, and foreign investments as pathways to economic transformation. Yet one proposal has consistently resurfaced across governments, administrations, and geopolitical cycles as perhaps…
By Thareendra D. Kalpage The completion of the International Monetary Fund’s combined Fifth and Sixth Reviews under Sri Lanka’s Extended Fund Facility is an important milestone. The IMF Executive Board’s approval on 28 May 2026 released SDR 508 million, approximately US$695 million, bringing total disbursements under the 48-month programme to SDR 1.778 billion, or about…
The 23rd FIFA World Cup tournament will take place from 11th June11 till 19th July in sixteen cities in three countries (eleven in USA, three in Mexico, & two in Canada). For the first time the tournament is hosted jointly by three nations & for the first time 48 teams will be taking part (from 32 previously)…
Confidence in the economy remained subdued in May as the corporate community signalled a cautious outlook – likely influenced by fuel and electricity price hikes, the rising cost of living, geopolitical tensions and mounting pressures faced by the wider community. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the first week of…
Business Sentiment: Global Turmoil Tests Confidence Fuel price hikes continue to dominate public discourse as the country grapples with mounting economic and social pressures. In just five weeks, businesses and the citizenry alike endured four rounds of price increases – the latest taking effect on 3 May. What’s more, the Sri Lankan Rupee has shed some…
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