A special discussion on preparations for Sri Lanka’s third mutual evaluation on international compliance with Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) standards was held this morning (06) at the Presidential Secretariat, chaired by President Anura Kumara Dissanayake. The discussion focused extensively on preparations for the third mutual evaluation, scheduled to be conducted…
AI adoption can help create jobs, sustain growth Exceeding earlier projections, growth in South Asia is expected to increase to 6.9% this year, with strong domestic demand keeping the region resilient to global shocks, according to the World Bank Group’s twice-yearly regional outlook. Released today, the latest South Asia Economic Update, Adopting AI for Growth,…
Sri Lanka’s reclassification as an upper-middle-income country marks a major milestone in its economic recovery, but comes with key trade-offs in international trade preferences and concessional financing. Speaking at the World Bank’s Briefing: Sri Lanka Development Update, Senior Economist Jakob Engel addressed the implications of the upgrade in response to questions from Ada Derana Business….
A high-level bilateral discussion was held yesterday afternoon (October 05th) at the Office of the Deputy Minister in Colombo between Eng. Eranga Weeraratne, Deputy Minister of Digital Economy, and H.E. Vidmantas Verbickas, Vice-Minister of Foreign Affairs of the Republic of Lithuania, along with a senior Lithuanian delegation, to advance strategic cooperation across digital economy initiatives,…
World Investor Week Marked with Launch of Innovative Stock Market Game CSE Celebrates 40 Years of Advancing Sri Lanka’s Capital Market As part of World Investor Week (WIW) 2026, the Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) joined stock exchanges around the world in ringing the market opening…
Fitch Ratings: Artificial Intelligence poses a material risk of credit rating downgrades for issuers in a narrow band of sectors under an adverse scenario, Fitch Ratings says in its report “Artificial Intelligence Stress Test”. Most issuers and transactions would not face broad rating changes. Fitch conducted an AI stress test spanning the Corporates, Financial Institutions,…
The Sri Lanka Export Development Board (EDB), operating under the Ministry of Industry and Entrepreneurship Development, conducted an SME Awareness Creation Forum at the Trincomalee District Secretariat on 1st October 2026. The forum aimed to support and develop regional small and medium enterprises (SMEs) and entrepreneurs with export potential in the Trincomalee District of Eastern…
Sri Lanka’s economy reached a significant milestone, reaching pre-crisis levels. But the recovery remains incomplete and uneven, with household incomes and labor market outcomes still lagging the broader economic rebound, says the World Bank Group in its twice-yearly economic outlook. Released today, the latest Sri Lanka Development Update, From Recovery to Transformation, projects Sri Lanka’s…
A high-level discussion was held today (October 05) at the GovTech premises between (Eng.) Eranga Weeraratne, Deputy Minister of Digital Economy, and a visiting delegation from the Government of India to address current cybersecurity challenges facing Sri Lanka’s government systems and to deepen bilateral digital cooperation. The Indian delegation comprised Dr. Sanjay Bahl, Director General…
Reuters – AkzoNobel said on Monday it has agreed to sell its Southeast Asian decorative paints business to Nippon Paint for $1.35 billion, completing a review of its Asian decorative paints portfolio. The sale covers decorative paints operations in Vietnam, Indonesia, Malaysia, Thailand, Singapore, Papua New Guinea and Australia, the Dutch paints maker said, adding…
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