In a landmark moment for Sri Lanka’s tourism and hospitality industry, NÜWA, the internationally acclaimed luxury hotel brand by Melco Resorts & Entertainment, officially opens its doors at the prestigious City of Dreams Sri Lanka. This grand launch is the result of a powerful partnership between Melco, a renowned developer, owner and operator of integrated…
The ‘Hotel Show Colombo – 2025’ was officially inaugurated this morning (25) by President Anura Kumara Dissanayake at the Sirimavo Bandaranaike Memorial Exhibition Centre (BMICH), Colombo. This exhibition, which is jointly organized annually by the Sri Lanka Hospitality Graduates Association (SLHGA) in collaboration with the public and private sectors, is being held for the 17th…
Signing of Implementation Letter on Debt Restructuring between the Government of the French Republic and the Government of the Democratic Socialist Republic of Sri Lanka in relation to External Debt Restructuring Process In line with the Memorandum of Understanding (MoU) signed with the OCC on 26 June 2024 for external debt restructuring of the country,…
An International Monetary Fund (IMF) mission team led by Mr. Evan Papageorgiou, IMF Mission Chief for Sri Lanka, visited Colombo during July 21-25, 2025, to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the authorities’ economic reform program supported by the IMF’s Extended Fund Facility (EFF) arrangement. At the end…
The International Monetary Fund (IMF) has acknowledged Sri Lanka’s continued economic progress as the country prepares for its fifth review under the IMF-supported Extended Fund Facility (EFF) arrangement. Speaking at a press briefing held yesterday (24), IMF Communications Director Julie Kozack provided an update on the status of Sri Lanka’s economic program and upcoming evaluations….
Sampath Bank PLC marked a significant milestone in its exclusive banking journey with the unveiling of Private Banking units at six key branch locations: Kandy, Kurunegala, Narahenpita, Negombo, Panadura and Wellawatte on 25th July 2025. This strategic expansion reflects the Bank’s continued focus on delivering exclusive financial solutions and strengthening its proposition for discerning clients…
Companies and institutions have no legal provisions to impose additional charges ranging from 2.5% to 3% on customers for transactions made using credit or debit cards, the Director of Payments and Settlements at the Central Bank of Sri Lanka (CBSL), Vasantha Alwis has stated. He made this statement during a press briefing held at the…
Sri Lanka’s real estate sector is demonstrating robust signs of recovery and renewed investor confidence in 2025, buoyed by a stabilizing economy and favorable market conditions. The latest “Real Estate Market Outlook Report 2025 (REMOR25)” by LankaPropertyWeb (LPW) highlights a significant resurgence across the property landscape, with key indicators pointing towards sustained growth. One of…
Reuters – Britain and India will sign a landmark free trade agreement on Thursday during a visit by Indian Prime Minister Narendra Modi, sealing a deal to cut tariffs on goods from textiles to whisky and cars and allow more market access for businesses. The two countries concluded talks on the long-coveted free trade pact in…
A seminar on “Financial Literacy” was held on 18th July 2025 at the Ministry of Education, providing a platform for stakeholders involved in ongoing education sector reforms to contribute to the integration of financial literacy into the school curriculum. The initiative was spearheaded by Hon. Prof. Anil Jayantha Fernando, Minister of Labour and Deputy Minister…
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