Sri Lanka recorded USD 673.4 million in workers’ remittances in November 2025, according to data released by the Central Bank of Sri Lanka (CBSL). Cumulative inflows from January to November 2025 reached USD 7.19 billion, marking a 20.7% increase year-on-year compared to the same period in 2024.
L B Finance PLC has received regulatory approval from the Central Bank of Sri Lanka to establish a wholly owned subsidiary in the Philippines, marking the company’s latest step in expanding its regional footprint. In a corporate disclosure to the Colombo Stock Exchange, the company said the Director of the Department of Supervision of Non-Bank…
Colombo West International Terminal (Private) Limited (CWIT) has made a financial contribution of Rs. 100 million to the government’s Rebuilding Sri Lanka Fund, established to provide relief to communities affected by Cyclone Ditwah. The cheque was handed over this afternoon (12) at the Presidential Secretariat to Secretary to the President, Dr. Nandika Sanath Kumanayake, by…
Prime Minister Dr. Harini Amarasuriya stated that the government is taking steps to strengthen local exporters by making trade facilitation, customs procedures, and investment approvals more efficient, and by improving export services. The Prime Minister made these remarks while addressing the 27th Presidential Export Awards 2024/25 ceremony organized by the Ministry of Industries and Industrial…
Renowned chartered accountant and corporate leader Rajan Asirwatham, who served as the Senior Partner and Country Head of KPMG Sri Lanka for more than four decades, has passed away. Mr. Asirwatham led KPMG, formerly Ford Rhodes Thornton & Co., from 1961 to 2008, guiding its transformation from an audit-focused firm into a diversified professional services…
The Asian Development Bank (ADB) has approved a $200 million loan to support the ongoing Mahaweli Development Program, Sri Lanka’s largest multiuse water resources development initiative. The program aims to transfer excess water from the Mahaweli River to the drier northern and northwestern parts of Sri Lanka. The Mahaweli Water Security Investment Program Stage 2 Project will…
Reuters – Walt Disney, opens new tab is investing $1 billion in OpenAI and will let the startup use characters from Star Wars, Pixar and Marvel franchises in its Sora AI video generator, a deal that could reshape how Hollywood makes content. The three-year partnership announced on Thursday is a pivotal step in Hollywood’s embrace…
The 27th Presidential Export Awards Ceremony, organized by the Sri Lanka Export Development Board (EDB) under the Ministry of Industries and Development, was held Yesteray (11) at the Bandaranaike Memorial International Conference Hall under the patronage of Dr. Harini Amarasuriya, Prime Minister of the Democratic Socialist Republic of Sri Lanka. As the highest national accolade…
Diplomats based in Colombo have made a personal contribution of LKR 3.6 million to the government’s “Rebuilding Sri Lanka” Fund, which provides relief to people affected by the recent devastating cyclone. The relevant cheque was handed over today (11) to Minister of Foreign Affairs, Foreign Employment and Tourism, Mr. Vijitha Herath, by Her Excellency Dewi…
The Central Bank of Sri Lanka (CBSL) conducted the International Research Symposium – 2025 during 08-10 December 2025 under the theme of “Stability for Prosperity” at the CBSL John Exter International Conference Hall, to mark the 75th Anniversary of the CBSL. The symposium, organised by the Economic Research Department of the CBSL, comprised the following…
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