AFP – The International Monetary Fund on Tuesday offered to revise the terms of a $2.9 billion bailout loan to cash-strapped Sri Lanka, should the United States reinstate punitive tariffs on exports. The administration of US President Donald Trump this month imposed a 44 percent tariff on imports, including garments and rubber, from the South Asian…
The Consulate General of Sri Lanka in Toronto together with Canada Sri Lanka Business Convention organized a cordial reception to welcome the visiting trade delegation from Sri Lanka led by the Export Development Board (EDB) to participate in SIAL 2025, one of the leading North American Trade Fairs in the region on organic foods and…
Sri Lanka tourism promotion roadshow, with the participation of a large number of Destination Management Companies (DMCs), successfully concluded on 24.04.2025 after a ten-year hiatus in the Eastern Province of Saudi Arabia at Hotel Grand Hyatt in Al Khobar. This was the second mega Sri Lanka tourism promotion roadshow held in Saudi Arabia, organized by…
International Monetary Fund (IMF) Sri Lanka Mission Chief Evan Papageorgiou says Sri Lanka should restore cost-recovery electricity pricing as soon as possible to minimise fiscal risk and is essential to complete the fourth review of the Extended Fund Facility (EFF) program. He stated this in response to a question raised during a virtual press conference…
25% increase in export capacity for key product line and advances sustainable growth Dipped Products PLC (DPL), a global leader in hand protection and a member of the Hayleys Group, unveiled its latest state-of-the-art Natural Rubber Chain Production Plant at its subsidiary, Hanwella Rubber Products Ltd. (HRPL), following a Rs. 1 billion investment. This milestone…
Airline and tourism authority to continue collaborating to enhance in-bound tourism At the Arabian Travel Market 2025, Emirates and the Sri Lanka Tourism Promotion Bureau (SLTPB) have renewed their partnership aimed at further developing the country’s tourism and trade industries. The partnership was sealed through a Memorandum of Understanding (MoU) between the two parties. The…
Reuters – Chinese electric vehicle giant BYD broke ground on its Cambodia passenger vehicle factory on Monday, according to the Chinese embassy in Cambodia. The new plant in the Sihanoukville Special Economic Zone, with an annual production capacity of 10,000 vehicles, covers an area of 120,000 square meters and is expected to begin operations by…
By Prof. Samitha Hettige After the attacks in Kashmir, Indo-Pakistan relations are discussed in length. 8 weeks before Sri Lanka signed many agreements with the visiting Indian PM, in February 2025 at a high level meeting in Beijing, China & Pakistan renewed their all weather strategic partnership known as a choice by history & by…
The Sri Lanka–Italy Business Council of The Ceylon Chamber of Commerce, in collaboration with the Embassy of Italy in Colombo, hosted a workshop recently on “Winning & Retaining Italian Tourists”, bringing together tourism industry leaders, diplomatic representatives, and travel experts from Italy. Delivering the keynote address, Deputy Head of Mission at the Italian Embassy Mr….
Sri Lanka’s Public Debt Department successfully raised Rs. 155 billion through its Treasury bond auction held on April 28, 2025, attracting robust investor interest across all maturities. The auction offered three bond series with maturities in 2029, 2031, and 2035. The Rs. 60 billion issuance of the 11.75% 2029 bond (ISIN: LKB00529F152) received bids totaling…
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