The Joint Apparel Association Forum (JAAF) welcomes the Government of Sri Lanka’s proactive engagement with the Office of the United States Trade Representative (USTR) in Washington D.C., and extends its appreciation to His Excellency President Anura Kumara Dissanayake and the delegation for prioritizing discussions that advance equitable and mutually beneficial trade relations between Sri Lanka…
IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the Fourth Review of Sri Lanka’s reform program supported by the IMF’s Extended Fund Facility. Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about US$344 million in financing. Program performance remains…
Reuters – Sri Lanka will start work next month on plans to develop an energy hub with India and the United Arab Emirates, the energy minister said on Friday, as the nation looks to leverage its strategic location to cement a recovery from a financial crisis. The trio signed a deal to create the hub during…
The Insurance Regulatory Commission of Sri Lanka (IRCSL), in collaboration with the Ministry of Transport & Highways and key stakeholders in the transport sector, has implemented the Optional Compensation Scheme (OCS) to compensate for death or permanent disability of third-party victims due to motor vehicle accidents. This innovative scheme marks a significant milestone in the…
A Sri Lankan delegation met with US Trade Representative Ambassador Jamieson Greer on the 22nd of April, 2025 at the US Trade Representative Office in Washington D.C. Sri Lankan delegation on the instructions of President Anura Kumara Disanayaka, who is also the Minister of Finance, handed over the originals of communications addressed to US Trade…
The International Monetary Fund (IMF) says Sri Lanka must focus on diversifying its export markets and creating an investment-friendly environment to maintain stability and growth, even as recent tariff changes pose challenges to economic forecasting. Speaking at the 2025 Spring Meetings of the World Bank Group and the IMF Thursday (24), Krishna Srinivasan, Director of…
Changan Automobile, a globally recognised leader in automotive innovation with over 160 years of experience, enters the Sri Lankan market through an exclusive partnership with Senok. As China’s largest electric vehicle (EV) manufacturer and a pioneer in intelligent mobility, Changan brings its extensive R&D capabilities and future-facing engineering to local roads. Senok, one of Sri…
FitsAir, Sri Lanka’s first privately owned international airline and a leading low-cost carrier, is proud to announce the launch of Business Class across its regional network, effective 25th April 2025. The move represents a strategic milestone in FitsAir’s growth story, combining premium features with its core promise of affordability and reliability. Tailored for the modern…
Capital Alliance Holdings Limited (CAL), a leading force in Sri Lanka’s investment banking landscape, today announced the launch of its Initial Public Offering (IPO) under the theme “Building Wealth-Bridging Markets”, set to open on 8th May 2025. The IPO supports CAL’s bold vision to build wealth and bridge capital markets across frontier economies, furthering its…
Sri Lanka Embassy in Riyadh, in collaboration with the Sri Lanka Tourism Promotion Bureau (SLTPB) organized a mega Sri Lanka Tourism Roadshow on April 22 at the Radisson Blu Hotel in Riyadh. Sri Lanka Ambassador to Saudi Arabia Ameer Ajwad inaugurated the roadshow and welcomed a large number of tourism Destination Management Companies (DMCs) participating…
Video Story
