The World Bank Group today approved a new $150 million program to support Sri Lanka’s move toward clean, reliable, and affordable energy. The program—Secure, Affordable, and Sustainable Energy for Sri Lanka—will support the country reduce its reliance on expensive fossil fuel imports and accelerate its shift toward solar and wind. “This program will help deliver…
The Central Bank of Sri Lanka (CBSL) has recently observed advertisements published in the print and social media that promote overseas investments in immoveable properties (overseas property investments) among Sri Lankan resident individuals. Such advertisements also offer guidance on obtaining foreign financing for such investments. CBSL wishes to draw the attention of the public to the following, in…
The Colombo Stock Exchange (CSE) has announced a key change to the S&P Sri Lanka 20 (S&P SL20) Index, with Central Finance Company PLC (CFIN) set to replace Distilleries Company of Sri Lanka PLC (DIST) following the 2025 mid-year rebalancing by S&P Dow Jones Indices. The revision will take effect from the start of trading…
Focusing on new direction vital to attract investment – President The Board of Investment (BOI) of Sri Lanka has successfully increased Foreign Direct Investment (FDI) by US$96 million in the first quarter of 2025, compared with the same period in 2024. This was disclosed today (20) during a progress review meeting of the Board of…
In a landmark development for Sri Lanka’s automotive industry, Euro Motors – a name trusted for over two decades – has been officially appointed as the sole agent for Jetour, the globally successful SUV brand. Marking the grand launch of Jetour in Sri Lanka, Euro Motors unveiled two of Jetour’s most sought-after models: the Jetour…
Emirates and Uber announce a strategic partnership MoU that aims to elevate traveller journeys Travellers to benefit from an integrated booking experience for easier and more efficient airport transfers or in-city rides with their flight bookings. UAE Emirates Skywards members will be able to earn Miles when using Uber across select markets within the Emirates…
Hambantota International Port (HIP) successfully facilitated a call by HNoMS Roald Amundsen, a Fridtjof Nansen-class frigate of the Royal Norwegian Navy, which arrived at the port on 10th June 2025 and departed the following day on 11th June 2025. The frigate called at HIP for bunkering and garbage off-landing services, highlighting the port’s growing reputation…
By Prof. Samitha Hettige Balthasar Bekker (1634 – 1698) was a Dutch politician & a theological author known for opposing superstition & ending witchcraft in early modern Europe. Among his famous work is ‘The World Bewitched (1695)’. New mayor Ms. Balthazaar is expected end corruption & wrong doings in the Colombo Municipal Council during her term. One…
The Central Bank of Sri Lanka (CBSL), in collaboration with the Ministry of Finance and the International Monetary Fund (IMF), co-hosted the high-level conference on ‘Sri Lanka’s Road to Recovery: Debt and Governance’ on 16 June 2025 at the Shangri-La Colombo. The event brought together key policymakers, global stakeholders, as well as private sector and…
Expanding access to affordable and quality childcare could be Sri Lanka’s next big move toward creating more and better jobs. The World Bank Group hosted a high-level event “Childcare as an Enabler of Women’s Increased Economic Participation in Sri Lanka,” urging the importance of closing the childcare gap to enable greater participation of women in…
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