SriLankan Airlines scored a hat-trick, winning the title of Leading International Airline in South Asia under the Visitors’ Choice Awards category at the South Asian Travel Awards (SATA) 2025, for the third consecutive year, placing the airline at the pinnacle of aviation in the region. The airline directly connects to 33 destinations in 21 countries…
Reuters – Shares of South Korean chipmaker Samsung Electronics rose as much as 2% on Thursday to an all-time high on investor optimism surrounding the semiconductor industry. Shares of the world’s leading memory chip maker were up 0.95% at 95,900 won ($67.52) per share as of 0022 GMT, after hitting a record 96,900 won earlier in…
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in September 2025. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.4 in September 2025, indicating an expansion in manufacturing activities. All sub-indices, except for Employment, remained above the neutral threshold during the month. Sri Lanka Purchasing…
Reuters – Top U.S. and Chinese officials joined a meeting on Wednesday of the Global Sovereign Debt Roundtable, where a key topic was the lack of transparency about commercial bank loans that have complicated developing countries’ debt restructuring efforts. The International Monetary Fund, World Bank and current G20 president South Africa issued a progress report…
Reuters – Global public debt is projected to rise above 100% of gross domestic product by 2029, reaching its highest level since 1948 and continuing to climb, the IMF said on Wednesday, urging countries to build up buffers to guard against economic risks. Vitor Gaspar, head of the International Monetary Fund’s fiscal affairs department, said…
The government has planned many programs to facilitate tourists aiming at the upcoming tourist season. The Special Performance Force appointed by President Anura Kumara Dissanayake for the second meeting yesterday (14) for the second time at the President’s Office to make strict decisions required for the promotion of the tourism industry. Accordingly, special attention was…
Upcoming premieres of Warner Bros. blockbuster Weapons and HBO Original IT: Welcome to Derry Product features, subscription plans and pricing for new markets announced HBO Max, the premier streaming service from Warner Bros. Discovery is now live in 15 new markets, including Bangladesh, Cambodia, Macau, Pakistan, Sri Lanka and Ukraine – full list here. From…
Sri Lanka must now convert its strong cyclical growth recovery to a structurally driven growth process. Technology infusion and digitalisation can lift productivity while reforms to institutions, regulations, and economic policies filter through. External uncertainties and compulsions should hasten policy focus on the domestic economic agenda. Sri Lanka is witnessing the positive outcomes of a…
Virtusa Corporation, a leading global provider of digital strategy, engineering, and IT services, announced the expansion of its Sri Lanka Delivery Center with over 200 new career opportunities across high-growth technology domains. The initiative marks a renewed phase of investment in the country as Virtusa accelerates its journey toward becoming a US $5 billion enterprise…
Central Bank Governor Dr. Nandalal Weerasinghe says Sri Lanka has reached a staff-level agreement with the IMF on the completion of the fifth review of the USD 3 billion Extended Fund Facility (EFF), marking an important step in the country’s economic reform program. Speaking exclusively to Ada Derana, Dr. Weerasinghe said the review is “more…
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