By Prof. Samitha Hettige. One might say Basil Rajapaksa & Ranil Wickremasinghe are unique in political gambling. Gambling is believed to be one of mankind’s oldest activities. The Greek word for justice (dike) comes from a word meaning “to throw,” in the sense of throwing dice. Gambling was regulated in; ancient China, Rome, the Jewish Talmud,…
Deloitte Sri Lanka views the Companies (Amendment) Act No. 12 of 2025, which was officially certified and passed into law on 4th August 2025, as a major milestone for the country’s corporate sector and a critical step in strengthening the governance framework. With 21 amendments introduced, the legislation improves regulatory framework for business operations, enhances…
Sri Lanka’s apparel exports recorded steady growth in July 2025, rising by 9.84% to US$ 455.16 million compared with US$ 414.38 million in July 2024. Exports to the EU (excluding the UK) posted the strongest gain of 26.69%, while shipments to “Other” markets grew by 24.24%. The UK market saw only a marginal increase of…
Reuters – U.S. President Donald Trump on Monday said he was firing Federal Reserve Governor Lisa Cook, opens new tab over alleged improprieties in obtaining mortgage loans, an unprecedented step that could test the boundaries of presidential power over the independent monetary policy body should it be challenged in court. Trump said in a letter…
Reuters – Tourists have long flocked to Sri Lanka for its pristine beaches, wildlife safaris and ancient Buddhist sites. Now, its first Marxist president is betting on casinos to attract high-rollers from India and China and usher in the next wave of foreign inflows. The success of the casino strategy is crucial for President Anura…
Pre-Budget Discussions 2026 for Ministry of Urban Development, Construction and Housing under President’s Patronage A review of the projects implemented under the 2025 budget allocations for the Ministry of Urban Development, Construction and Housing, along with a pre-budget discussions for 2026, was held Yesterday (25) at the Presidential Secretariat under the patronage of President Anura…
Sri Lanka’s export sector has demonstrated remarkable resilience and steady momentum during the first seven months of 2025, with total exports reaching US$ 9,992.53 Mn, marking a robust 7.79 % growth compared to the corresponding period in 2024. In July 2025 alone, total exports, comprising both merchandise and services reached to US$ 1,641.11 Mn, recording…
Sri Lanka Embassy in Belgium, in collaboration with the Sri Lanka Tourism Promotion Bureau, successfully participated in ‘Amazing Asia Festival 2025’ for the second time, which attracted more than 12,000 visitors. The event was organized on 15-17 August 2025 at the prestigious ‘Tour & Taxis’ in Brussels. The Sri Lankan pavilion highlighted the island’s distinctive…
The Sri Lanka – China Business Council (SLCHBC) of The Ceylon Chamber of Commerce held its 24th Annual General Meeting (AGM), at the Port City Sales Gallery, Colombo Port City, reaffirming its commitment to strengthening bilateral economic cooperation with China. Officials from the Embassy of the People’s Republic of China graced the occasion, with Mr….
Senior Economic Advisor to the President, Duminda Hulangamuwa, is set to deliver the keynote address at the Annual General Meeting of the Planters’ Association of Ceylon (PA). To be held on Friday, 29 August, the 171st AGM will bring together the membership of Regional Plantation Companies, industry leaders, and key stakeholders to review the past…
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