The Sri Lanka Administrative Service Association (SASA) has expressed its appreciation for the 2025 budget, highlighting its development-focused approach and its alignment with efforts to strengthen state revenue within the constraints of a limited fiscal space. In a letter addressed to President Anura Kumara Dissanayake, signed by SASA Secretary Kalindra Jayaweera Fernando, the association conveyed…
Deputy Minister of Digital Economy Erange Weerartne to attend Dr. Hans Wijayasuriya to Share His Expertise, Positioning Sri Lanka as a Leading Tech Hub The Sri Lanka Association for Software Services Companies (SLASSCOM) has announced its participation at the NASSCOM Technology and Leadership Forum (NTLF) 2025, set to take place in Mumbai, India, from February…
Verified Market Research® is thrilled to announce the release of its comprehensive and authoritative report on the Tea Extract Market – Size and Forecast. With demand for tea-based products rising globally due to their health benefits, functional ingredients, and increasing consumer preference for natural ingredients, this report provides an in-depth analysis that industry leaders can leverage…
The Asian Development Bank (ADB) and the World Bank (WB) signed a new groundbreaking Full Mutual Reliance Framework (FMRF) today to deepen their collaboration on cofinanced public sector projects. This first of a kind arrangement between MDBs aims to streamline project processing and implementation and deliver faster and more efficient results to borrowing clients. Under…
Solid pre-tax profit growth of 141% to Rs. 24.3 Bn NIM of 4.34%, highest recorded thus far Positive impact stemming from the finalization of ISB restructuring by the GoSL leading to reversal of impairments Notable growth in profitability even excluding one-off gains 13% reduction in Stage 3 loans portfolio National Development Bank PLC (NDB) is…
Some 86% of firms see Trump’s policies as harmful to business environment – Reuters Japan Corporate Survey Respondents see Trump tariffs as most damaging aspect of policy More than 40% of firms expect Japan interest rate rise to 1% to undermine capital spending – survey Reuters – Almost nine out of 10 Japanese companies expect…
President AKD proposed below legal reforms during his maiden budget speech among other proposals. The Act on the Exchange of Information between State Institutions. Investment Protection Act. State Business Enterprises Management Act. Public Private Partnership Investment Management Act. Statistics Act. Valuation Act. Public Asset Management Act. Public Procurement Law. Micro Finance & Credit Regulatory Authority…
Fitch Ratings: The Sri Lankan government’s budget highlights the authorities’ commitment to raising fiscal revenues as a share of GDP – an approach that, if successful, would alleviate a long-standing weakness in the sovereign’s credit profile, says Fitch Ratings. Nonetheless, risks to the fiscal outlook remain significant, and plans to slow the pace of fiscal…
India’s Adani Green Energy announced its decision to withdraw from its proposed 484 MW renewable energy wind farm project in Mannar and Pooneryn—a move that could have saved Sri Lanka over US$270 million annually by displacing costly fossil fuels. The cancellation not only undermines the nation’s efforts to attract foreign direct investment and expand its…
The Sri Lanka Export Development Board (EDB), the host institution of SheTrades Sri Lanka Hub, in collaboration with the International Trade Centre (ITC), successfully conducted a two-day training on Branding and Digital Marketing under the SheTrades Commonwealth+ Programme, funded by United Kingdom (UK) International Development. The training, held on 13th and 14th February 2025 in…
Video Story
