President Anura Kumara Dissanayake today (18), lauded Mr Mahinda Siriwardana, the outgoing Secretary to the Treasury, for his exemplary service, stating that it is the responsibility of public officials to strive to prevent adverse outcomes and contribute to positive change. The President particularly commended Mr Siriwardana’s exceptional dedication and commitment in expertly navigating the nation’s…
In a move to digitise public sector service delivery, a discussion was held yesterday (17) at the Presidential Secretariat concerning the digital reform plan set to be implemented by the Ministry of Foreign Affairs, Foreign Employment and Tourism. The aim of this meeting, organised with the support of the Ministry of Digital Economy, was to…
DFCC Bank PLC has entered a partnership with The Ceylon Chamber of Commerce, to formally integrate Ceylon Chamber-led macroeconomic and sectoral intelligence into its service model. This strategic collaboration is set to enhance both internal expertise and client-facing value, reinforcing DFCC Bank’s position as the most insight-driven and customer-aligned bank in the country. By harnessing…
How Financial Strategy Can Turn Sri Lanka from a Perpetual Borrower into an Economic Fortress—and End Its Exclusion from the Global Wealth Club By Jithendra Antonio In the sterile corridors of the Central Bank of Sri Lanka, where foreign reserve monitors once displayed catastrophic readings of $50 million in 2022—a 99% collapse from $7.6 billion…
Reuters – Oil prices ticked up in early trading on Wednesday after ending the previous session up more than 4% on worries that the Iran-Israel conflict could disrupt supplies. Brent crude futures rose 19 cents, or 0.25%, to $76.64 a barrel by 0029 GMT. U.S. West Texas Intermediate crude futures rose 23 cents, or 0.31%,…
The International Monetary Fund’s Executive Board is scheduled to evaluate Sri Lanka’s fourth review under the Extended Fund Facility (EFF) on July 01, Dr. Gita Gopinath said during an exclusive interview with Ada Derana. Dr. Gopinath, the IMF’s First Deputy Managing Director, noted that Sri Lanka has made “lots of improvement” and “lots of progress”…
The Sri Lanka Export Development Board (EDB), together with the Asian Development Bank (ADB), is steadily progressing in the development of the National Export Development Plan (NEDP) for 2025–2029. As part of this ongoing initiative, the second round of discussions took place on 2nd June 2025 at the EDB premises, following the inaugural meeting held…
Signing of Agreement on Debt Restructuring between the Government of French Republic and the Government of the Democratic Socialist Republic of Sri Lanka in relation to External Debt Restructuring Process The signing of the bilateral Agreement with the Government of French Republic in relation to the External Debt Restructuring Process, is a significant milestone of…
Purchasing Managers’ Indices indicate improvements in both Manufacturing and Services activities in May 2025. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.5 in May 2025, indicating an expansion in manufacturing activities. All sub-indices rebounded above the neutral threshold during the month, indicating a recovery from the seasonal slowdown…
The largest lottery prize in Sri Lanka’s history was won yesterday (16). It was the grand prize of Rs. 474,599,422 from draw number 2210 of the National Lotteries Board’s Mega Power lottery. The winning lottery ticket was sold by a sales agent from Gokarella. Previously, the record for the largest lottery prize in Sri Lanka…
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