The currencies of most major economies have appreciated against the US dollar since the start of 2025, despite the massive jump in US tariffs, Fitch Ratings says in its new FX Market Monitor. Developed market currencies (except Australia) have appreciated by an (unweighted) average of 4.5% since end-2024. Market participants’ concerns about the adverse impacts…
Virtual Networking Session Successfully Connected Exporters with Sri Lanka Missions Overseas A special networking forum aimed at further expanding Sri Lanka’s export sector globally was successfully held on 7th April 2025, bringing together more than 175 participants, including Sri Lankan exporters and officials from Sri Lanka’s overseas diplomatic missions. This forum was organized jointly by…
On his first visit as the Board of Investment chairman, Mr. Arjuna Herath seeks support from the relevant government officials to speed up the initial steps to ensure that the infrastructure facilities of the proposed investment zones in Kankesanthurai, Paranthan, and Mankulam can be finished promptly and that investors can begin construction of their projects…
The International Monetary Fund (IMF) has appointed Evan Papageorgiou as the new Mission Chief for Sri Lanka, succeeding Peter Breuer, who concluded his tenure after playing a key role in Sri Lanka’s economic recovery efforts. Breuer served as the IMF Mission Chief during a crucial phase when Sri Lanka faced its worst economic crisis in…
The Sri Lanka–Benelux Business Council (SLBBC) of The Ceylon Chamber of Commerce conducted its 29th Annual General Meeting on Wednesday, March 26th at the Ceylon Chamber premises. Addressing the event, the Chief Guest, Mr. Iwan Rutjens, Deputy Ambassador and Head of the Economic Department at the Embassy of the Kingdom of the Netherlands to Sri Lanka and the Maldives, highlighted the importance of business collaboration in fostering economic growth….
COYLE (The Chamber of Lankan Entrepreneurs) is seeking to collaborate and offer support to government officials by assembling a panel of export oriented industry specialists in this time of need. COYLE is a vibrant community of entrepreneurs, inclusive of a number of well-experienced Export Revenue generating entrepreneurs and manufacturers. Various products and services operated by…
Deputy Head of Mission of the Italian Embassy Dr Alberto Arcidiacono speaking at the forum on Winning & Retaining Italian Tourists organised by the Sri Lanka-Italy Business Council Deputy Head of Mission of the Italian Embassy Dr Alberto Arcidiacono delivered the Keynote Address at the forum organised jointly by the Sri Lanka-Italy Business Council, the…
NKAR, a well-established name in the tourism industry for over 45 Years, continues to set itself apart with its innovative approach and vision. This time, NKAR has successfully brought one of Australia’s largest tour operators, Holiday Max, based in Perth, to Sri Lanka for the very first time. Holiday Max, a rapidly expanding brand in…
Now supplies 11 automobile brands assembling vehicles in Sri Lanka, contributing to local value addition Six years after it entered into its first Original Equipment Manufacturer (OEM) partnership in Sri Lanka, CEAT Kelani Holdings has grown into a significant contributor of value addition to the country’s burgeoning automobile assembly industry. Locally-manufactured CEAT tyres are now…
Sri Lanka’s official foreign reserves rose sharply in March 2025, reaching US$6.51 billion, according to the latest data released by the Central Bank of Sri Lanka (CBSL). This marks a 7.1% increase from the US$6.08 billion reported at the end of February. The growth in reserves signals a strengthening of the country’s external position, with…
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