Fitch Ratings: Fitch Ratings has raised its world growth forecasts for 2025 moderately since the June Global Economic Outlook (GEO) on better-than-expected incoming data for 2Q25. But there is now evidence of an underlying US slowdown in ‘hard’ economic data and positive surprises on eurozone growth have partly reflected US tariff front-running. Fitch still expects world GDP…
The Ministry of Tourism has launched the National Consultation Workshop to develop Sri Lanka’s Tourism Strategic Plan 2026–2030, bringing together representatives from all nine provinces and 25 districts to shape the future of tourism. With the current Strategic Plan (2023–2025) concluding, the new roadmap will align with national development goals, the updated Tourism Policy, and…
Oil prices climbed on Tuesday after Israel carried out a rare and brazen strike in Doha, Qatar, an escalation that rattled global energy markets. WTI crude rose 1.37% to $63.11, while Brent gained 1.32% to $66.89. Israel struck Hamas officials in Doha, according to reports — the first known Israeli attack to land on Qatari soil. The location alone…
Bloomberg- Sri Lanka is to take out a yuan-denominated loan equivalent to $500 million to resume a stalled highway project, according to the president’s senior economic adviser. The construction of Sri Lanka’s Central Expressway is expected to recommence later this month, Duminda Hulangamuwa, said in a phone interview on Tuesday. The project still requires more…
MAS Holdings recently hosted a delegation from the Asian Development Bank (ADB) at the MAS Fabric Park in Thulhiriya as part of ADB’s efforts to support the private sector through meaningful partnerships and investment. The visit offered the ADB team an opportunity to experience MAS’ operations firsthand and gain insights into the company’s commitment to…
The Central Bank inaugurates Financial Literacy Month on 10th September 2025, signifying a pivotal milestone in the nation’s progressive journey toward financial inclusion. This initiative is carrying under the framework of the Financial Literacy Roadmap, aligned with the Central Bank’s overarching vision of creating a ‘Financially Literate Sri Lanka’. Throughout the month, a series of…
Sri Lanka has made remarkable strides in stabilizing its economy, undertaking one of the largest fiscal adjustments in its history—equal to nearly 8 percent of GDP over three years. The adjustment was also sharper and faster by international standards – when compared with more than 330 similar efforts in 123 countries worldwide since 1980. A…
The Colombo Stock Exchange recorded its sharpest decline in over two months today (09), with the benchmark indices closing significantly lower. The All Share Price Index (ASPI) dropped by 231.7 points, or 1.11%, to settle at 20,674.1 points, marking the steepest single-day fall since June 23, 2025. This also marked the third decline in the…
The European Union’s Deforestation Regulation (EUDR) takes effect on 30 December 2025. This regulation aims to prevent deforestation associated with seven commodities—cattle, cocoa, coffee, palm oil, soy, wood, and natural rubber—and products derived from them, such as tyres, chocolate, and wooden furniture. Any product exported to the EU market must be deforestation-free, legally produced according…
A special meeting between the Minister of Industry and Entrepreneurship Development, Mr. Sunil Handunnetti, and Export Development Officers serving under the Ministry across the Southern, Western, and Sabaragamuwa provinces was held on the 3rd at the premises of the Export Development Board (EDB). The objective of the discussion was to update Export Development Officers on…
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