No More Unpleasant Experiences of Corruption in Investments – President Indian entrepreneurs state that they are currently directing their attention towards new investment prospects in Sri Lanka, particularly in sectors like energy, infrastructure, the digital economy, tourism and agriculture, as well as on enhancing entrepreneurial capacity. A delegation of around 20 Indian entrepreneurs, comprising heads…
Get ready, South Asia! The undisputed King of Bollywood, Shah Rukh Khan, is set to make a spectacular visit to Sri Lanka, gracing the highly anticipated grand opening of City of Dreams Sri Lanka on August 2, 2025, as special guest. Popularly regarded as “King Khan”, the presence of the multi-award-winning superstar at the by-invitation…
The Executive Board of the International Monetary Fund (IMF) has approved the Fourth Review of Sri Lanka’s Extended Fund Facility (EFF) arrangement. The IMF’s Executive Board met to evaluate Sri Lanka’s fourth review under the Extended Fund Facility (EFF) earlier yesterday (01). On April 25th IMF staff and the Sri Lankan authorities reached staff-level agreement…
The Sri Lanka Banks’ Association (SLBA), representing all licenced commercial banks in the country, today issued a statement firmly rejecting attempts by a small group of borrowers to create alarm and confusion over the potential use of parate laws, and assuring the business community and the public that banks have no intention of launching widespread…
Sri Lanka is emerging as a top destination for high-net-worth travelers in Asia-Pacific, especially among Gen Z explorers seeking nature, culture, and purpose-driven experiences, according to a new luxury travel report by Marriott International. The study, titled “The Intentional Traveler,” reveals evolving trends among affluent travelers in the region, with a strong shift toward wellbeing,…
Reuters – Italy will issue nearly 500,000 new work visas for non-EU nationals from 2026 to 2028, a cabinet statement said on Monday, as part of a strategy to expand legal immigration channels in response to labour shortages. A total 164,850 people will be allowed in next year, aiming to reach a cumulative total of…
A high-powered CII (Confederation of Indian Industry) delegation of Indian CEOs representing sectors such as manufacturing, healthcare, logistics, renewable energy, education, and tourism met with Sri Lankan business leaders at the ITC Ratnadipa in Colombo on June 30 for a strategic roundtable discussion. The roundtable was organised by The Ceylon Chamber of Commerce and the…
Oman Air becomes 15th alliance member oneworld customers now have access to Oman Air’s route network throughout the Middle East, Far East, Africa and Europe Oman Air customers gain access to oneworld benefits across the network of more than 900 global destinations oneworld® today welcomes Oman Air as its 15th member airline. As the flag carrier…
In a landmark move to accelerate the growth of impact-driven enterprises in Sri Lanka, the Lanka Impact Investing Network (LIIN) and Good Market have entered into a strategic partnership focused on unlocking new pathways for investment and enterprise development. The collaboration was formalized through the signing of a Memorandum of Understanding (MOU) on Saturday, June…
Sri Lanka’s external sector continued to show resilience in the first five months of 2025, with the current account maintaining surpluses throughout the period, supported by higher remittance inflows and a recovery in tourism. The country’s merchandise trade deficit widened in May 2025 compared to a year earlier, driven by a faster year-on-year growth in…
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