Reuters – Microsoft on Wednesday said it is on pace to invest $50 billion by the end of the decade to help expand AI to countries across the ‘Global South’. The announcement was made at the AI summit in New Delhi, where top executives from global AI giants meet several world leaders this week. The ‘Global South’ refers…
Belluna Lanka Pvt Ltd., the South Asian anchor of Belluna Co. Ltd., Japan, together with Sanken Overseas (Private) Limited, has formally launched Project Granbell Hotel Ella, a planned hospitality development located in Sri Lanka’s Uva Province. The project represents a total planned investment of approximately LKR 4 billion (USD 12.5 million) and reflects Belluna Lanka’s…
Kristalina Georgieva, Managing Director of the International Monetary Fund, says Sri Lanka has made “tremendous progress” since its economic crisis, but emphasised that sustaining reforms and maintaining unity will be critical to translating stability into lasting prosperity. Speaking in an exclusive interview with Ada Derana during her first visit to the country, Georgieva described Sri…
The Sri Lanka Export Development Board (EDB) is set to host the Southern Province Regional Exporters’ Networking Forum on Tuesday, February 24, 2026, in Matara. The primary objective of the forum is to identify the challenges faced by regional exporters, empower them, and explore new opportunities for growth. Exporters and government officials representing the districts…
Dr. Kristalina Georgieva, the Managing Director (MD) of the International Monetary Fund (IMF), visited the Central Bank of Sri Lanka on 17 February 2026 during her visit to Sri Lanka. This coincides with the 75th anniversary of Sri Lanka’s IMF membership as well as the Central Bank of Sri Lanka’s 75th anniversary. At a meeting…
Dr Parakrama Dissanayake has officially assumed office as the Chairman of the Sri Lanka Ports Authority today, 17 February 2026. He has previously served as Chairman of the SLPA on two separate occasions and brings extensive experience in maritime operations, logistics, and corporate management. Dr Dissanayake has held senior positions in both the public and…
The Managing Director of the International Monetary Fund, Kristalina Georgieva said Sri Lanka “has come a long way” following a meeting with President Anura Kumara Dissanayake. In a post on X, the International Monetary Fund chief said the government’s reform programme is delivering for the country and its people, stressing the importance of staying the…
A high-level Japanese delegation paid a courtesy call on President Anura Kumara Dissanayake this morning (17) at the Presidential Secretariat. Discussions centred on strengthening economic cooperation and advancing plans for a Sri Lanka–Japan export-industrial corridor. The meeting followed the President’s official visit to Japan last September, during which a Memorandum of Cooperation on the proposed…
SriLankan Cargo, the air freight arm of SriLankan Airlines, has secured another regional first by becoming the first airline in South Asia to be awarded the Center of Excellence for Independent Validators (CEIV) for Live Animals Logistics Certification from the International Air Transport Association (IATA). Regarded as the premium global standard for the air transport…
Airport & Aviation Services Sri Lanka Private Ltd (AASL) has set a new record, facilitating the highest number of passenger movements in a single month by handling 1,045,097 passengers in January 2026 through Sri Lanka Airports. This surpasses the previous record of 1,034,687 passengers recorded in January 2018.
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