A brief by the ILO outlines the devastating labour market impact of Cyclone Ditwah, which made landfall in Sri Lanka in late November. It shows that up to 374,000 workers have been potentially affected by flooding and landslides, with potential income losses accruing to US$48 million per month. The brief calls for a mix of…
China is prepared to extend all necessary assistance to Sri Lanka at all times and is ready to share its experience with Sri Lanka under the “Rebuilding Sri Lanka” programme, stated Mr. Wang Junzheng, Member of the 20th Central Committee of the Communist Party of China (CPC) and Secretary of the CPC Committee of Xizang…
SriLankan Airlines has launched a one-month international destination promotion campaign on 16December 2025, aimed at restoring global confidence in Sri Lanka following Cyclone Ditwah and reaffirming the country’s readiness to welcome travellers. The campaign will run across Meta and the Google platforms, promoting Colombo as the gateway to Sri Lanka, and will target key source…
Sri Lanka’s laptop and computer equipment market is being quietly reshaped by a surge of illegal imports, counterfeit products and used devices entering the country outside proper controls, industry leaders warned at a recent discussion convened by the Federation of Information Technology Industry Sri Lanka (FITIS). Participants revealed that in some categories, up to half…
India will provide a USD 450 million package to assist in the reconstruction of areas affected by Cyclone Ditvah in Sri Lanka, Indian External Affairs Minister Dr. S. Jaishankar announced. Addressing the media, Dr. Jaishankar stated that the package comprises a USD 350 million concessionary line of credit and USD 100 million in grants, aimed…
The presentation of certificates and the signing of the associated Memorandum of Understanding (MoU) for the allocation of funds to nine projects selected from proposals submitted during the first three months of this year under the National Initiative for the Commercialisation of Research and Development (NIRDC), was held yesterday morning (22), at the Presidential Secretariat….
The Hatton National Bank PLC (HNB PLC) commemorated raising LKR 10 Bn with its first ever issuance of sustainable bonds by way of a market opening ceremony conducted on the trading floor of the Colombo Stock Exchange (CSE) last week. The 9th December issuance of 100 Mn listed, rated, unsecured senior sustainable bonds, in five…
Cyclone Ditwah, which struck Sri Lanka in late November, has caused an estimated US$4.1 billion in direct physical damage to buildings and contents, agriculture and critical infrastructure, according to a World Bank Group Global Rapid Post-Disaster Damage Estimation (GRADE) report released today. This damage is equivalent to about 4 percent of Sri Lanka’s GDP. The cyclone, among…
Vidullanka PLC has emerged as the lowest-cost bidder for the Engineering, Procurement and Construction (EPC) contract for the expansion and upgrading of a 100 kilowatt mini hydropower facility at Buca Village in the Fiji Islands. In a corporate disclosure to the Colombo Stock Exchange, the company said the determination was made on December 19, 2025….
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to 2.4% in November 2025, compared to 2.7% in October 2025, according to the latest data released by the Department of Census and Statistics. Meanwhile, food inflation has decreased to 3.6% in November compared to 4.1% in October while…
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