Sri Lanka’s tourism industry recorded earnings of $400.7 million in January 2025, according to the latest data from the Central Bank of Sri Lanka. This marks a 17.2% increase compared to the $341.8 million earned in January 2024. Meanwhile, the Sri Lanka Tourism Development Authority (SLTDA) reports that 232,341 tourists arrived in the country between…
On February 27, 2025, the Hambantota International Port (HIP) received its first vehicle shipment following the lifting of import restrictions. The MV Jupiter Leader, operated by NYK Lanka (PVT) Ltd, arrived at the port, discharging a total of 378 vehicles from Japan, of which 196 were for the local market. The Japanese vehicles that arrived…
The Ceylon Chamber of Commerce congratulates the Government on successfully completing the third review under the IMF Extended Fund Facility (EFF) Arrangement. The IMF Board’s latest approval and the subsequent disbursement will provide much-needed support for Sri Lanka’s ongoing economic recovery. The Chamber is particularly pleased to note that two key macroeconomic priorities outlined in…
The IMF Executive Board completed the Third Review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with immediate access to SDR 254 million (about US $334 million) to support its economic policies and reforms. Performance under the program has been strong. All quantitative targets for end-December 2024 were met, except the…
Net reversal of Rs 62 Bn. in impairment provisions compensates for loss from sovereign bonds restructuring Further accelerates lending with loan book growth of Rs 230 Bn., with approximately half of growth coming in Q4 Net interest income up 36.71% to Rs 118 Bn. Total taxes triple to Rs 62 Bn. PBT of Rs 98…
The 14th edition of Medicare International Healthcare Exhibition 2025 was declared open on Friday, February 28th, by Dr. Nalinda Jayatissa, Hon. Minister of Health and Mass Media, at the BMICH in Colombo. Medicare 2025, Sri Lanka’s premier healthcare exhibition, dedicated to educating the public and showcasing the latest advancements in healthcare, medical technology, wellness, and…
Continuing its journey of doing good for Sri Lanka, Nestlé Lanka invested in a biomass boiler project at its state-of-the-art factory in Kurunegala. The biomass boiler is a key initiative in the ‘Good Food Good Life’ company’s journey towards reaching net zero carbon emissions across the value chain by 2050. Nestlé strongly believes in conducting…
The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has decreased to -4.2% in February 2025, compared to -4% in January 2025, according to the latest data released by the Department of Census and Statistics. Year-on-Year food inflation has increased to -0.2% in February 2025, compared to…
Reuters – U.S. President Donald Trump on Thursday said his proposed 25% tariffs on Mexican and Canadian goods will take effect on Tuesday, along with an extra 10% duty on Chinese imports because deadly drugs are still pouring into the U.S. from those countries. The fresh China tariffs, in addition to the 10% tariff levied on February 4, coincide…
Alliance Finance Company PLC (AFC), Sri Lanka’s oldest operating non-banking financial institution, marked a significant milestone with the issuance of its Green Bond on the Colombo Stock Exchange (CSE). The bell ringing ceremony, held on 27th February 2025 at the CSE Trading Floor, symbolized the company’s commitment to sustainable finance and responsible investment. The Listed,…
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