UN Global Compact Network Sri Lanka is proud to introduce a transformative Patron structure for its Working Groups, set to take effect in 2025. This initiative strengthens the Network’s commitment to advancing corporate sustainability by amplifying the leadership of select companies within their respective issue areas. The Memoranda of Understanding (MoUs) were signed on 20th…
And Why Blue Orbit by Citrus Is Quickly Becoming a Must-Visit Icon Once considered a hidden gem in the Indian Ocean, Sri Lanka is now stepping confidently into the spotlight as a premium travel destination. With its unique blend of heritage, biodiversity, and warm hospitality, the island nation is attracting discerning travellers from around the…
The latest import tariff measures introduced by U.S. President Donald Trump on April 2 have triggered a global economic crisis, sending shockwaves through financial markets around the world. Several international stock markets have experienced sharp declines, with Asian markets among the hardest hit. Sri Lanka’s Colombo Stock Exchange (CSE), the country’s only stock market, has…
The Embassy and Permanent Mission of Sri Lanka in Thailand, in collaboration with the Thai-Sri Lanka Chamber of Commerce organized the “Invest Sri Lanka” business forum on 03 April 2025 at the Grande Centre Point Surawong Hotel in Bangkok. The event that was held in the presence of Prime Minister of Sri Lanka, Dr. Harini Amarasuriya brought…
President Anura Kumara Dissanayake has held discussions with the representatives of the International Monetary Fund (IMF) this morning (07) at the Presidential Secretariat. The discussions were centred on the preliminary review associated with the fourth tranche of Sri Lanka’s Extended Fund Facility (EFF) arrangement with the IMF, the President’s Media Division (PMD) said in a…
A Landmark Achievement in India–Sri Lanka Maritime Partnership The first fully automated terminal in Colombo Port is now operational, setting new standards in reliability and performance. The Colombo West International Terminal (CWIT) will significantly enhance Colombo Port’s capacity and ease congestion, boosting overall efficiency. The CWIT project is expected to generate employment and contribute meaningfully…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) plunged by more than 700 points on Monday (07), dropping below the 15,000-point threshold. The ASPI closed at 14,660.45, down 712.9 points or 4.64% from the previous trading session. Meanwhile, the S&P SL20 index fell sharply by 264.57 points or 5.84%, ending the…
The publication under Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023 (CBA), namely, the Annual Economic Review 2024, was presented to His Excellency Anura Kumara Dissanayake, the President and the Minister of Finance, Planning and Economic Development, by Dr. P Nandalal Weerasinghe, the Governor of the Central Bank of…
Sri Lanka’s Economic Recovery Gains Momentum The Central Bank of Sri Lanka today (07) presented its flagship publication, the Annual Economic Review for 2024 (AER 2024), to President and Minister of Finance, Anura Kumara Dissanayake, highlighting the steady progress of Sri Lanka’s economic recovery following the country’s most severe downturn in recent history. The report…
In a strategic move to promote cashless transactions, HNB has announced the elimination of Merchant Discount Rates (MDR) for LANKAQR transactions among HNB appointed merchants who are enabled to accept LANKAQR payments. This initiative aims to make digital payments more accessible and cost-effective for businesses across Sri Lanka. Taking a leap into digitalizing the retail…
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