The Sri Lanka Export Development Board (EDB), in partnership with the Asian Development Bank (ADB), has commenced a series of stakeholder consultations aimed at formulating the National Export Development Plan (NEDP) 2025-2029, a strategic initiative to strengthen the country’s export competitiveness and drive sustainable economic growth. The inaugural consultation session was held today (02) at…
BBC – Tesla boss Elon Musk has become the first person ever to achieve a net worth of more than $500bn (£370.9bn), as the value of the electric car company and his other businesses have risen this year. The tech magnate’s net worth briefly reached $500.1bn on Wednesday afternoon New York time, before dipping slightly…
The Sri Lanka Tourism Job Fair and Career Expo successfully concluded at One Galle Face in Colombo, drawing strong participation from students, graduates, and young professionals eager to enter the hospitality and tourism industry. Now in its third year, the fair connected aspiring youth with leading employers, offering on-site interviews, career guidance sessions, and workshops….
A total of 158,971 tourists have arrived in the country in the month of September, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. The number of tourists arrived in Sri Lanka in 2025 has increased to 1,725,494 with the release of the latest figures for September. Among them, 375,292 individuals are from India,…
Fitch Ratings: Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC+’. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. A full list of rating actions is at the end of this Rating Action Commentary. Key Rating Drivers Ratings Affirmed: Sri Lanka’s ‘CCC+’ sovereign rating remains…
Reuters – India’s central bank on Wednesday proposed steps to boost the Indian rupee’s , global use, including allowing local banks to lend in rupees to businesses in neighboring countries and setting official reference exchange rates for major trading partner’s currencies. Reserve Bank of India Governor Sanjay Malhotra announced the measures alongside the central bank’s…
The National Al Expo & Conference 2025 opened on 29th September 2025 at the Monarch Imperial with an atmosphere charged with excitement and possibility, marking one of Sri Lanka’s most significant moves toward a tech-powered future. Organized by the Ministry of Digital Economy and SLT-Mobitel, the event brought together educators, industry leaders, innovators, and students…
Sri Lanka has spent over US$1 billion on vehicle imports in the first eight months of 2025, following the lifting of import restrictions earlier this year. The Central Bank of Sri Lanka’s External Sector Performance Report for August 2025 shows that vehicle import expenditure from January to August amounted to US$1,007.5 million, with August alone…
Nations Trust Bank PLC (NTB) has successfully facilitated a landmark foreign investment in Sri Lanka’s apparel industry, reinforcing its position as a trusted financial partner for complex cross-border transactions and structured finance solutions. The transaction, valued at LKR 2.7Bn, saw Q Collection, a Singapore-headquartered apparel firm with operational roots in Bangladesh, acquire two subsidiaries of…
In a bold strategic shift, DSI Samson Group (Pvt) Ltd has appointed eight [8] new board members (now a total of 14) across its subsidiaries, marking a new chapter in the Group’s leadership evolution. The new appointees will join the ranks of current DSI Samson Group Subsidiary leadership – Sarath Weliwita, Dayananda Abeythilake, Rohan Somawansa,…
Video Story
