Despite an initially shock, the impact of Cyclone Ditwah which caused widespread devastation to several parts of the country is unlikely to affect Sri Lanka’s economic growth in 2026, the Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe has confirmed. The CBSL Governor made this assertion based on data obtained from…
Entering into an Agreement on Debt Restructuring between the Government of the Democratic Socialist Republic of Sri Lanka and the CREDENDO – Export Credit Agency of Belgium in relation to the External Debt Restructuring Process Entering into the bilateral Agreement with the CREDENDO – Export Credit Agency of Belgium in relation to the External Debt…
Two leaders in travel come together to open Emirates Wolgan Valley, a Ritz-Carlton Lodge in mid-2026, signifying the global debut of ‘The Ritz-Carlton Lodge’ and a milestone project for New South Wales’ regional luxury tourism Emirates and Marriott International, Inc. (NASDAQ: MAR) have signed an agreement to open Emirates Wolgan Valley, a Ritz-Carlton Lodge – a 40-key…
The team from the International Monetary Fund (IMF) which arrived last week on a fact-finding mission has indicated that there would be no changes to the agreement relating to the Extended Fund Facility programme being implemented with Sri Lanka during a meeting with President Anura Kumara Dissanayake. A meeting between IMF representatives, who arrived in…
The Sri Lanka Export Development Board (EDB), in collaboration with the Asian Development Bank (ADB) under the Policy-Based project of the Ministry of Industry and Entrepreneurship Development, conducted a series of validation workshops for the National Export Development Plan (NEDP) 2025–2029 from January 12th to 14th, 2026. The NEDP 2025–2029 aims to strengthen Sri Lanka’s…
The team of the International Monetary Fund (IMF) led by Evan Papageorgiou, the Mission Chief for Sri Lanka, which arrived in Colombo last week has concluded the visit to Sri Lanka. The IMF team arrived in Colombo on 22 January to hold discussions on the impact of Cyclone Ditwah. During the visit, the IMF team…
(Reuters) – Gold broke through $5,200 for the first time on Wednesday, after rising more than 3% on Tuesday, as the dollar plunged to a near four-year low amid persisting geopolitical concerns, ahead of a U.S. Federal Reserve monetary policy decision. Spot gold rose 0.6% to $5,219.97 per ounce, as of 0153 GMT, after scaling…
A total of 223,645 tourists have arrived in the country thus far in 2026, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. According to data released by the SLTDA, a total of 41,603 tourists have arrived from India which accounts to 19.0%. Furthermore, 23,329 persons from the United Kingdom, 22,876 from Russia, 14,431…
Janashakthi Finance PLC, formerly known as Orient Finance PLC and a subsidiary of JXG (Janashakthi Group) announced a strong financial performance for the nine-month period ended 31 December 2025, driven by sustained growth in its core businesses, disciplined execution and continued focus on scale and efficiency. Commenting on the results, Rajendra Theagarajah, Chairman of Janashakthi…
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75%. The Board arrived at this decision after carefully considering evolving developments and the outlook on the domestic front and global uncertainties. The Board is of the view that the current monetary policy…
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