Sri Lanka takes a significant step forward for small and medium enterprises (SMEs) with the launch of the Secured Transactions Registry (STR), enabling greater credit access through movable collateral and laying the foundation for a resilient and inclusive credit infrastructure. This initiative is a collective effort led by the Credit Information Bureau (CRIB), in collaboration…
GovPay – the Government Digital Payment Platform introduced to enhance efficiency and transparency in public service delivery – marked yet another major milestone with the official launch of traffic fine payments through GovPay in the Northern Province. With this initiative, the Northern Province became the third province in Sri Lanka to enable traffic fine payments…
Fitch Ratings: The recent series of bilateral trade agreements between the US and several APAC countries reduce uncertainty around the outlook for Asia’s exporters, and could provide a slight lift to GDP over the next few years for the countries involved. However, many details are still to be clarified, and tariff rates remain subject to…
A high-level delegation from the Embassy of the United States in Sri Lanka made a courtesy call to Hambantota International Port (HIP) recently. The delegation, led by Ms Jayne Howell, Deputy Chief of Mission at the U.S. Embassy, also included Dustin R. Bickel, Regional Indo-Pacific Strategy Coordinator, Lieutenant Colonel Matthew House, Senior Defence Official, and…
Bloomberg – Global meat prices hit a fresh record high in September — in the longest run of monthly gains since 2021 — as shrinking US cattle herds are unable to keep up with strong demand for beef. An index tracking meat-commodity costs rose 0.7% to cap an eighth straight monthly increase, the United Nations’ Food and…
EDB-Led Delegation Connects with Global Investors and Partners at World’s Largest Technology Event A delegation of Sri Lankan women-led tech entrepreneurs participated in GITEX Global & Expand Northstar 2025, one of the world’s most prestigious technology and investment platforms, held in Dubai from October 12-17, 2025. Organized by the Sri Lanka Export Development Board (EDB)…
Sri Lanka’s hotel and tourism sector, a vital foreign exchange earner, faces a mounting labour shortage. A new study by the National Human Resource Development Council (NHRDC) warns that unless urgent measures are taken to address skills gaps, worker migration, and gender disparities, the sector’s growth prospects could be undermined. Key Takeaways Tourism directly contributes…
The Sri Lanka Agripreneurs’ Forum (SLAF) and the BioAgri Inputs Producers Association (BIPA) of India today signed a landmark Memorandum of Understanding (MoU) at TRACE Expert City, Colombo, marking a significant step toward advancing biological agriculture and sustainable agri-innovation across the region. Under the MoU, both organizations will collaborate to explore the effectiveness and suitability…
JAT Holdings PLC today announced the acquisition of Mirotone (NZ) Limited, the market leader in industrial wood coatings across New Zealand and a globally respected coatings brand established in 1935. The acquisition of Mirotone gives JAT not only a powerful brand but also a passport to the world — with immediate reach across Australia and…
The barometer skyrockets to an all-time peak amid undertones about sustainability It’s been a month of highs and headwinds, as promising economic gains were met with political drama and renewed reform efforts clashed with lingering uncertainties on multiple fronts. In a positive development, the IMF and local authorities reached a staff level agreement following the…
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