Marking the first-ever focused initiative to promote Sri Lanka’s construction services in the Indian market, a sector-specific business delegation visited Mumbai from 25th-28th November 2025. This initiative was organized by Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Consulate General in Mumbai. Ten leading Sri Lankan companies representing civil construction, engineering…
The Asian Development Bank (ADB) has launched a $40 million emergency assistance facility under its Trade and Supply Chain Finance Program (TSCFP) to support Sri Lanka’s recovery from the devastation of Cyclone Ditwah. The facility will help finance essential imports, including food, medicines, and critical relief supplies, as the country rebuilds damaged infrastructure and livelihoods. This new…
In today’s digital age, mobile phones have become one of the most valuable parts of daily life. Losing a phone can result not only in financial loss but also in serious risks to personal data and privacy. For this reason, experts stress the importance of being prepared before such an incident occurs. One of the…
The Ceylon Biscuits Limited (CBL) products were officially launched in the Kingdom of Saudi Arabia by the Ambassador of Sri Lanka to the Kingdom Ameer Ajwad on 10 December 2025 at the Four Seasons Hotel in Riyadh. Sri Lanka’s CBL Group in collaboration with Aamalcom Trading Ltd of Saudi Arabia brings CBL’s popular range of biscuits, chocolates, confectioneries, and…
NUWA Sri Lanka Hosts Star-Studded Press Conference to Kick-Off the Road to the Festival Sri Lanka is set to make history as it hosts South Asia’s first-ever Reggae Music Festival, “ONE LOVE 2026 – A Tribute to Bob Marley”, from 27 to 29 March 2026 on the golden shores of Bentota. The three-day festival will…
The Executive Board of the International Monetary Fund (IMF) has formally completed its review of the Short-Term Liquidity Line (SLL) on December 17th. The Review concluded that the SLL will terminate in April 2027, at the end of the seven-year period following its establishment, in line with the original design of the instrument. Introduced in…
Fitch Ratings – Insurance losses arising from recent flooding due to Cyclone Ditwah are likely to be limited for most rated insurers in Sri Lanka, because of low retention levels in the non-motor segment and reinsurance protection, says Fitch Ratings. However, the country’s sole local reinsurer, National Insurance Trust Fund Board (NITF, BBB(lka)/Stable), is more…
The Securities and Exchange Commission of Sri Lanka (SEC) has warned investors against a fraudulent operation carried out under the name Blue Ocean Securities, involving misleading Facebook advertisements, multiple WhatsApp groups and a fake mobile trading application. Addressing a press conference this morning, SEC Deputy Director General Tushara Jayaratne said the Commission’s surveillance division first detected a…
Reuters – Sri Lanka expects its economy to expand by more than 5% next year, matching this year’s pace and significantly outstripping IMF projections, partly driven by reconstruction efforts following Cyclone Ditwah, a senior minister told Reuters on Wednesday. The storm hit in late November, killing nearly 650 people and affecting about 10% of Sri Lanka’s 22…
The David Pieris Group continues to strengthen its international presence with the acquisition of 50% ownership in Navire Logistics Services L.L.C, (www.navirelogistics.com) a reputed logistics company based in Dubai and Oman. This strategic move marks a significant milestone in the Group’s journey towards expanding its operations beyond Sri Lanka and positioning itself in the international…
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