The recent de-escalation in US-China trade tensions has led Fitch Ratings to make broad-based upward revisions to its global growth forecasts compared to the previous Global Economic Outlook (GEO) published in mid-April. But the world economy still faces a sharp slowdown induced by the most severe trade war since the 1930s, says Fitch in its June 2025…
An estimated 500,000 students and 150,000 teachers across Sri Lanka are set to benefit from a new $50 million additional financing package approved by the World Bank yesterday through its ongoing General Education Modernization Project. The additional funding will help keep vital education reforms on track, improve teaching quality, upgrade school facilities, and enhance student well-being,…
First bank-led sustainability summit in Sri Lanka unites business, government, academia and civil society High-level dialogue on Environmental, Social, Governance (ESG), climate action, inclusive finance, and progress on Sustainable Development Goals (SDGs) In a bold and unprecedented step beyond traditional banking, the Commercial Bank of Ceylon convened Sri Lanka’s first-ever bank-led national summit on sustainability,…
Delivering the Chief Guest speech at the ComBank Summit 2025 on “Creating a Sustainable Future,” the Governor of the Central Bank of Sri Lanka, Dr. Nandalal Weerasinghe highlighted the growing responsibility of the financial sector in shaping a resilient and inclusive sustainability agenda. He outlined CBSL’s continued commitment to supporting sustainable finance, particularly through collaborative…
The Ceylon Chamber of Commerce elected Krishan Balendra as its new Chairperson at the 186th Annual General Meeting held yesterday (June 26). Mr. Balendra, who is the Chairperson of John Keells Holdings, succeeds Duminda Hulangamuwa, Country Managing Partner of Ernst & Young Sri Lanka, and the Senior Economic Advisor to the President of Sri Lanka….
Landmark Summit to take place 24-25th September 2025 Aims to attract $500M in FDI to transform Regional Digital Economy 2,000+ participants from 25+ countries including 150+ global experts and speakers Tecxa Pvt Ltd, in collaboration with the Ministry of Digital Economy, the Ministry of Finance, Planning and Economic Development, Hatton National Bank PLC (HNB) and…
John Keells Holdings PLC (JKH) and Melco Resorts & Entertainment proudly announces the grand opening of City of Dreams Sri Lanka on 2nd August 2025. This launch marks the completion of the final components of the project, including a world-class casino, the luxurious Nüwa hotel and a premium shopping mall. The milestone partnership, marks the…
Several discussions were held in recent days between the National Initiative for the Commercialisation of Research and Development (NIRDC), the Asian Development Bank (ADB) and the Japan International Cooperation Agency (JICA), with the aim of strengthening Sri Lanka’s research, development and innovation sectors. These discussions highlighted the importance of empowering the youth as the next…
Access Motors, the sole authorised Agent of Jaguar and Land Rover vehicles in Sri Lanka, welcomed its first official shipment of Land Rover vehicles since the Sri Lankan government lifted vehicle import restrictions, effective 1st February 2025. The arrival reinforces the re-establishment of premium automotive imports to the island, reinforcing Land Rover’s commitment to Sri…
Sri Lanka’s export sector demonstrated remarkable resilience and steady progress during the first five months of 2025, with total exports reaching US$ 6,933.35 Mn, marking a robust 7.14% growth compared to the same period in 2024. Total exports, including both merchandise and services reached US$ 1,386.66 Mn in May 2025. This shows an impressive year-on-year…
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