The Sri Lankan economy has faced a series of external and internal shocks in recent years that weakened its long-term growth outlook. Despite defying post-crisis growth trajectories, fresh uncertainties from oil price shocks and climate-related risks suggest that the policy context to accelerate growth will be even more challenging. In this context, select policy recommendations…
“Sri Lanka Must Move Beyond Economic Stability Towards Sustained Growth” – Prime Minister Dr. Harini Amarasuriya The IMF Mission Chief for Sri Lanka, Mr. Evan Papageorgiou, and accompanying representatives of the IMF met with Prime Minister Dr. Harini Amarasuriya at the Parliament on 22 September, with the key objective of sharing the experience and outcomes of…
World growth is holding up well in the face of the energy price shock, but real interest rates are rising, Fitch Ratings says in its latest Global Economic Outlook. Fitch has raised its forecast for global GDP growth in 2026 by 0.2pp to 2.6%, down only marginally from 2025 and close to the long-run trend….
In terms of section 44 of the Finance Business Act, No. 42 of 2011 (FBA), the Director of the Department of Supervision of Non-Bank Financial Institutions (Director of DSNBFI) of the Central Bank of Sri Lanka (CBSL) has issued orders to the following companies and its directors preventing the disposal, transfer, or otherwise dealing with…
Programme already underway to bring about a major transformation in Sri Lanka’s industrial sector – Minister of Industry and Entrepreneurship Development Sunil Handunnetti The National Business Facilitation Centre (NBFC), established under the Presidential Secretariat with the objective of removing administrative and regulatory barriers between government institutions relating to investment and industry and expediting these processes,…
Stable Outlook reflects resilient financial profile and confidence in company’s ability to navigate cost pressures and competitive intensity Sri Lanka’s leading tyre manufacturer CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a ‘Stable Outlook’ from Fitch Ratings for the sixth consecutive year, reinforcing the company’s sustained financial resilience and established…
Ambeon Capital PLC, the Colombo Stock Exchange-listed investment holding company, has signed a memorandum of understanding with Sincere Syndication and Corporate Services LLP and Avyukthi Consulting & Advisory Services LLP to establish collaborative investment desks in Colombo and Chennai. The arrangement is designed to channel cross-border capital between Sri Lanka and India across listed equities,…
A consortium comprising Sri Lankan renewable energy developer Vidullanka PLC and India’s Skipper Limited has emerged as the lowest-cost bidder for a LKR 5.0 billion high-voltage transmission line project in Sri Lanka. The tender, officially titled the National Transmission and Distribution Network Development and Efficiency Improvement Project Package 3 (Phase ii), encompasses the construction, installation,…
Fitch Ratings has upgraded Sri Lanka’s Long-Term Issuer Default Ratings (IDRs) to ‘B-’ from ‘CCC+’. The Outlook is Stable. The upgrade reflects the implementation of macro-stabilization policies, underpinned by structural reforms, which have eased external financing risks and provide a degree of resilience to shocks. This is reflected by sharp improvements in fiscal and external…
The Sri Lanka–Nordic Business Council (SLNORBC) of The Ceylon Chamber of Commerce hosted its Members’ Day and Panel Discussion under the theme “Skills, Start-ups and Innovation: Developing the Next Generation of Partnerships,”, bringing together business leaders, entrepreneurs, and policymakers from Sri Lanka and the Nordic region to discuss opportunities for collaboration in innovation-driven sectors. The…
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