There’s a number Sri Lanka’s garment exporters bring up often. In December 2018, the industry’s exports crossed $5 billion for the first time, a level that had eluded it for years. Eighteen months earlier, the European Union had restored Sri Lanka’s GSP+ trading privileges, ending a suspension that had lasted six years. Correlation isn’t proof,…
S&P Global Ratings affirmed its ‘CCC+/C’ long- and short-term sovereign credit ratings for Sri Lanka with a stable outlook, balancing a resilient economic recovery against heightened external uncertaintie. While the economy has demonstrated robust revenue growth and real GDP performance that exceeded expectations in early 2026, the sovereign’s creditworthiness remains vulnerable due to high debt levels…
Reuters – Oil prices extended declines on Tuesday, down by over $1 per barrel amid hopes for a resolution in the U.S.-Iran war which significantly disrupted global energy flows. Brent crude futures were down $1.47, or 1.66%, at $86.89 by 0326 GMT, their lowest since July 20. U.S. West Texas Intermediate crude was at $81.16…
SriLankan Airlines has strengthened its regional connectivity through a new interline agreement with Island Aviation Services, operating as Maldivian (Q2). This agreement enables SriLankan Airlines passengers to seamlessly access 17 popular domestic destinations across the Maldives. The arrangement is designed to enhance travel convenience by allowing passengers to book journeys involving both carriers under a…
Hambantota International Port Group (HIPG) has clarified its vehicle storage policy following recent media reports, noting that while the Port currently accommodates more than 50,000 vehicles (both transhipment and local imports), approximately 1278 are lying in the yard for over 03 months, and 581 vehicles have remained at the Port for more than one year….
Sri Lanka’s fintech sector has produced several companies that have transformed the way people communicate, transact and participate in the digital economy. However, according to entrepreneur and FinTech Forum Sri Lanka Board Director Dhanika Perera, the country’s next phase of growth will depend not only on successful companies, but on the strength of the ecosystem…
A discussion between the Minister of Labour and Deputy Minister of Finance and Planning, Dr Anil Jayantha Fernando, and the High Commissioner of India to Sri Lanka, Mr Santosh Jha, was held at the Presidential Secretariat this morning (27) to review issues affecting development projects being implemented in Sri Lanka with financial assistance from the…
The Colombo Stock Exchange (CSE) recorded a slight increase in its price indices today (27), with daily turnover successfully surpassing the Rs. 2 billion mark. This upward movement coincided with a significant drop in global fuel prices reported on July 27, following a temporary easing of military tensions in the Middle East. Market observers have…
Positioning Sri Lanka in a Changing Global Economy: Resilience, Reform, and the Future of Economic Policy The Ceylon Chamber of Commerce is pleased to announce that registrations are now open for the Sri Lanka Economic & Investment Summit 2026 (SLEIS 2026), taking place on 12th and 13th October at the Shangri-La Colombo. Held under the…
Central Depository Systems (Pvt) Limited (CDS), the wholly-owned subsidiary of the Colombo Stock Exchange, has announced a significant extension to the deadline for suspending accounts that lack mandatory key information. In a circular issued on July 24, 2026, the depository revealed that the final phase of account suspensions, which was originally set to take effect…
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