The Southern Province today made history as the first province in Sri Lanka to enable digital payments across all its District and Divisional Secretariats through GovPay, the State Digital Payment Platform. The official launch took place on 15th September 2025 at the Matara District Secretariat under the patronage of the Deputy Minister of Digital Economy,…
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in August 2025. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.2 in August 2025. This indicates an expansion in manufacturing activities, albeit at a slower rate compared to the previous month. All sub-indices remained above the…
Reuters – Sri Lanka is aiming to boost its economic growth to up to 6% in 2026, partly through record government capital expenditure, though delays in passing the budget could drag on its performance this year, a minister said on Monday. Anil Jayantha Fernando, labour minister and deputy minister of economic development, said Sri Lankans…
Sri Lanka’s economy expanded by 4.9 percent in the second quarter of 2025, marking the eighth consecutive quarter of positive growth, according to official data. The growth reflects the country’s steady recovery from its recent economic downturn, supported by favorable conditions that prevailed over the past seven quarters. Key drivers of expansion included wholesale and…
Ambassador of Sri Lanka to the Kingdom of Saudi Arabia Ameer Ajwad met with the President of the Federation of Saudi Chambers (FSC) Hassan Moejeb Al-Huwaizy along with the newly nominated members of the FSC for the Saudi – Sri Lanka Business Council with a view to initiating the process of establishing the Saudi Arabia…
Global investment flows are shifting, and emerging markets are under pressure to prove their competitiveness. For Sri Lanka, securing stronger investor confidence and translating reforms into tangible opportunities will be decisive in the years ahead. On Day Two (December 3rd) of the Sri Lanka Economic & Investment Summit 2025, the session “Where Sri Lanka Stands…
The Central Bank of Sri Lanka (CBSL) issued a Rs. 2000 circulated commemorative currency note on 29 August 2025 to mark its 75th Anniversary. In order to facilitate the smooth acceptance and dispensation of the new note, Licensed Commercial Banks are in the process of calibrating their cash-handling machines. In keeping with the pace of…
The barometer of biz confidence finds a footing but the outlook remains guarded From upbeat growth forecasts and IMF bouquets, to strengthening reserves and a substantial US tariff reduction, the past month has been positive for economic developments here at home. The economy is seemingly on course for a rebound with some forecasts suggesting that…
The Ministry of Digital Economy is proud to announce Sri Lanka TechFront Fortnight, a flagship series of events running from 17th to 30th September 2025, as part of the Government’s Digital Economy Month initiative. This national campaign is designed to accelerate Sri Lanka’s journey towards a digitally empowered, knowledge-based economy, while positioning the country as…
CNA – Asian markets were mixed on Monday (Sep 15) as traders geared up for an expected interest rate cut by the Federal Reserve this week. Equities have enjoyed a strong run-up over recent weeks as a string of data on jobs and inflation provided the US central bank with enough leeway to resume its rate…
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