The Asian Development Bank (ADB) has approved a $100 million loan to address complex and challenging structural reforms in Sri Lanka’s financial sector through better governance, continued policy reforms, and enhanced financial inclusion. This loan builds on the structural reforms addressed in the previous two ADB lending programs totaling $400 million since the country’s economic…
Reuters – Tesla, opens new tab CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut. The proposal was approved with over 75% support, and Musk bounded to the stage of the company’s…
The Sri Lanka Tourism Development Authority (SLTDA) has announced that the total number of foreign tourists who have visited the country so far in 2025 has exceeded 1.9 million. According to the latest statistics released by the Authority, a total of 32,815 tourists visited Sri Lanka during the first five days of November 2025. With…
The Budget Debate will be held for 23 days from November 8 to December 5 Second Reading Debate from November 8 to 14 – Second Reading Vote on November 14 at 6.00 pm. Committee Stage Debate from November 15 to December 5 – Third Reading Vote on December 5 at 6.00 pm The Second Reading…
Emirates maintains position as the world’s most profitable airline Group: New record half-year performance with profit before tax of AED 12.2 billion (US$ 3.3 billion), up 17% from the same period last year. Revenue up 4% to AED 75.4 billion (US$ 20.6 billion). Emirates: New record half-year profit before tax of AED 11.4 billion (US$ 3.1 billion),…
By Prof Samitha Hettige At the recently concluded 32nd APEC Economic Leaders’ meeting held in South Korea, Commander in Chief of world’s 2nd largest economy Chinese President Xi Jinping expressed his vision for the Asia Pacific community. Though focused on the APEC it indeed is a lesson for the world. When the Soviet Union (USSR)…
President Anura Kumara Dissanayake reviewed the final draft of the Budget 2026 proposals last night (05) at the Presidential Secretariat. Secretary to the Ministry of Finance, Dr. Harshana Suriyapperuma, was also present at the occasion. The Budget 2026, which marks the second budget of the current government, is scheduled to be presented to Parliament tomorrow…
Consolidated revenue of LKR 32.3 billion, up 7.4 % YoY Healthcare revenue up 7.4% YoY to LKR 17.3 billion Consumer revenue up 1.0% to LKR 9.8 billion Agribusiness recorded an impressive revenue of LKR 5.2 billion, up by 21.9% Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) continued to build on its strong start…
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce Bybit Pay’s debut in Sri Lanka, adding a brand new destination in Bybit Pay’s global footprint. The initial rollout covers 50 physical point-of-sale and 50 digital merchant activations, creating a comprehensive presence across retail, service, and online commerce in Sri Lanka’s emerging digital payment…
By Yohan Lawrence, the Joint Apparel Association Forum (JAAF) Every delay at the Port of Colombo now comes at a heavy price. For Sri Lanka’s apparel industry, time is not just money it’s trust. The recent reports of ships failing to call at Colombo because of potential delays in the Port of Colombo, are a…
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