The International Monetary Fund (IMF) has cautioned Sri Lanka that while its landmark debt restructuring is nearing completion, the hard-won gains will remain fragile unless fiscal discipline and strong institutions are entrenched. A new IMF Working Paper, Sri Lanka’s Sovereign Debt Restructuring: Lessons from Complex Processes (WP/25/175), released in September 2025, notes that the country’s…
Event held in collaboration with the International Labour Organization Sri Lanka, hosted as A. Baur & Co.’s Nationally Significant Event as Patron of the Business & Human Rights Working Group of UN Global Compact Network Sri Lanka Sri Lanka took a significant step forward in advancing the conversation on responsible business practices with the convening…
The World Tourism Day 2025 celebrations and Colombo Travel Mart 2025 were inaugurated at One Galle Face, Colombo on 27th September 2025 with participation of Deputy Minister of Tourism Professor Ruwan Ranasinghe. World Tourism Day celebrations begin in partnership with the Ministry of Tourism, Sri Lanka Tourism Development Authority (SLTDA), Sri Lanka Association of Inbound…
Following a robust financial recovery, SLT-MOBITEL, the National ICT Solutions Provider, has transformed into the nation’s strategic enabler, a thriving national asset driving Sri Lanka’s digital future. Supporting the government, SLT-MOBITEL aims to accelerate the country’s digitalization efforts and power economic growth for all sectors. The solid return to profitability in the first half of…
Hayleys Fibre, a member of the Hayleys Group, announced the commissioning of a Rs. 600 million coir processing facility in Kadigawa, Nikaweratiya, one of the largest recent investments in Sri Lanka’s coconut sector. The 48-acre site, located in the heart of Sri Lanka’s Coconut Triangle, integrates husk processing, fibre extraction, coco peat milling, drying, and…
LB Finance to Acquire Majority Stake in Associated Motor Finance for Rs. 3.7 Billion LB Finance PLC, a subsidiary of Vallibel One PLC, has announced plans to acquire a controlling stake of 65.6% in Associated Motor Finance Company PLC (AMF) for a consideration of Rs. 3.7 billion. The acquisition, approved by the Governing Board of…
Sri Lanka’s spice industry reached a new milestone this week with the successful completion of the first-ever promotional mission to China dedicated exclusively to Sri Lankan spices. The initiative was led by the Spices & Allied Products Producers and Traders Association (SAPPTA) and formalized through a Memorandum of Understanding (M.O.U.) with the Yu Lin Spice…
Eng. Kumara Jayakody, Minister of Energy, Government of Sri Lanka and Mr. Muaviyath Mohamed, Minister of State, Environment and Tourism, Maldives visited Jakson Group’s state-of-the-art solar module manufacturing facility in Greater Noida to witness its advanced capabilities and explore avenues for partnerships supporting clean-energy goals. The delegation toured the fully automated production lines and was briefed on Jakson’s latest photovoltaic…
The Sri Lanka–Japan Business Council (SLJBC) of The Ceylon Chamber of Commerce is pleased to announce that a high-level business delegation of 18 top Sri Lankan business leaders, representing some of Sri Lanka’s most dynamic industry sectors, will visit Japan, later this month. Led by Mr. Krishan Balendra, Chairperson of the Ceylon Chamber, the visit…
The Joint Apparel Association Forum (JAAF) today released export performance figures for August 2025, noting a marginal decline in monthly exports compared to the same period last year, alongside steady cumulative growth across the first eight months of the year. In August 2025, total apparel exports stood at US$ 479.14 million, reflecting a 1.33% decrease…
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