Resus Energy PLC has officially announced the commissioning of a solar power plant located in Damana, Ampara. The project was developed and implemented by Resus Eastern Solar (Pvt) Limited, a wholly owned subsidiary of Resus Energy PLC. The newly commissioned plant is expected to generate and supply approximately 3.5 GWh of clean energy annually to…
Reuters – Technology stocks powered Asian markets higher on Tuesday as lower oil prices lifted sentiment and investors pinned their hopes on US-Iran talks, while the dollar stood tall on bets that more hikes are needed to rein in inflation. Attention is also turning to a high-stakes meeting between Donald Trump and Xi Jinping later…
On September 9, 2026, the Executive Board of the International Monetary Fund (IMF) reviewed the joint IMF-World Bank Debt Sustainability Framework for Low-Income Countries (LIC-DSF). Since the last such review in 2017, the debt environment has become more complex and riskier for low-income countries at a time of elevated development and climate-related needs. In many…
Reuters – Oil prices gained for the first time in five sessions on Tuesday as investors awaited developments on potential US-Iran talks at the United Nations General Assembly this week after more supplies emerged through the Strait of Hormuz over the weekend. The Brent crude futures November contract rose $1.14, or 1.1%, to $101.48 a…
Reliable and affordable energy is essential to Sri Lanka’s economic growth, industrial development and competitiveness. As the country seeks to strengthen energy security while reducing its dependence on fossil fuels, the energy sector will be a key area of discussion at the Sri Lanka Economic & Investment Summit 2026, organised by The Ceylon Chamber of…
The Ceylon Chamber of Commerce has met with the International Monetary Fund’s (IMF) 7th Review Mission to Sri Lanka to discuss current economic conditions and brief the delegation on key issues facing businesses on the ground. During the discussion, the Chamber presented its perspective on Sri Lanka’s overall economic growth prospects and outlined key support…
A high-level discussion on the implementation of the National Export Development Plan (NEDP) 2026–2030 was successfully held at the Ministry of Ports and Civil Aviation on 15th September 2026, with a focus on strengthening the contribution of Sri Lanka’s ports and logistics sector to the country’s export growth. The meeting was chaired by Hon. Anura…
The Peoples Republic of China was founded by the Chinese Communist Party on 1st October 1949 & will be celebrating its 77th anniversary this year. Sri Lanka (then Ceylon) recognized it when many didn’t as latter has had centuries old relations with the great Chinese civilization. China is the only permanent member of the UN…
Young people in Sri Lanka are entering one of the most daunting job markets in recent history, confronting Asia’s highest rate of educated youth unemployment alongside severe emergency economic restrictions. According to International Monetary Fund (IMF) research, joblessness among young people (ages 15–24) with advanced or postsecondary education in Sri Lanka has reached 43 percent….
Ambassador of Sri Lanka to the Republic of Korea, M.K. Pathmanaathan recently visited the Busan Chamber of Commerce and Industry (BCCI), where he met with senior officials of the Chamber, including Yang Jae Saeng, President of the Busan Chamber of Commerce and Industry. Executive Vice President, Jung Hyun Min and Executive Director Lee, Kyu Jung,…
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