Seven-member DPI Advisory Panel and “Give Back” programme connect international expertise with government-led transformation priorities in Sri Lanka Connect to Care (CTC), a Sri Lankan non-governmental organisation working alongside government, philanthropic and development partners, has established a seven-member Digital Public Infrastructure (DPI) Advisory Panel and launched “Give Back”, a structured programme enabling Sri Lankan professionals…
Customs data analysed by Siyaka Research indicates that Sri Lanka’s tea export earnings reached approximately US$ 1.083 billion during the January–September 2026 period, compared with US$ 1.163 billion earned during the corresponding period of the previous year. Despite September export volumes declining to 23 million kg from 23.7 million kg a year earlier, cumulative earnings…
HSBC Electronic Data Processing Lanka (Pvt) Ltd (HDPL), the bank’s global service centre, is winding down its Sri Lankan operations due to mounting costs and scaling constraints. The closure marks another major withdrawal for HSBC in the country, following its decision to exit Sri Lanka’s retail banking sector earlier this year. HDPL launched its operations…
A Supplementary Agreement was signed on 16 October 2026 between HDDES Extracts (Pvt) Ltd., an exporter of value-added, export-oriented spices, oleoresins, essential oils, and related products, and the Board of Investment of Sri Lanka (BOI), with coordination facilitated by the National Initiative for Research and Development Commercialization (NIRDC) and the BOI. Through the active intervention…
A security Bill meant to please Brussels may end up angering it Sri Lanka has spent four decades trying to rid itself of the Prevention of Terrorism Act (PTA), a law used so freely that even its authors, in the 1979 parliament, called it temporary. The Protection of the State from Terrorism Bill (PSTA), gazetted…
Hatch, Lankan Angel Network and BOV Capital join forces, with First Capital Holdings PLC committing LKR 300 million as anchor limited partner in a fund built on a commercial investment case. Starting a business is difficult. Building one that can grow, compete and endure is harder still. For Sri Lankan founders, the challenge doesn’t end…
Premium International Injectable (Private) Limited is advancing the development of its pharmaceutical manufacturing facility in Sri Lanka, marking a significant step in the company’s commitment to strengthening local manufacturing capabilities and establishing a foundation for future growth in the country’s pharmaceutical sector. The state-of-the-art facility, which is being developed to European standards within a Board…
A business delegation from the Confederation of Indian Industry (CII) visited the Sri Lanka Export Development Board (EDB) as part of its recent visit to Sri Lanka to explore opportunities for strengthening bilateral trade, investment, and business cooperation between India and Sri Lanka. The delegation was led by Mr. VKC Razak, Managing Director of VKC…
Strategy focuses on connectivity, affordability, digital services, and readiness for AI The World Bank Group today launched its first digital strategy, bringing together its public and private sector capabilities to help developing countries expand affordable digital access, improve services, and create jobs. The strategy addresses four priorities: expanding connectivity; making devices and data more affordable;…
The Governor of the Central Bank of Sri Lanka, Dr. P. Nandalal Weerasinghe emphasized the critical role of institutional credibility, strong monetary policy frameworks, and policy buffers in navigating increasingly frequent external shocks during an address at the Reserve Bank of India’s (RBI) Samvad Conference today (19). Participating in a panel discussion titled “Managing Uncertainties in Challenging…
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