By Priyanka Jayawardena, Research Economist, Institute of Policy Studies of Sri Lanka (IPS) Non-communicable diseases (NCDs) accounting for nearly 75% of all deaths, have emerged as a major health challenge in Sri Lanka over the past few decades. Unhealthy dietary patterns – including excessive intake of sugar, salt, and fats – continue to play a…
(Reuters) – The head of Indonesia Stock Exchange resigned on Friday after index provider MSCI flagged a possible downgrade to “frontier” market status, triggering a more than $80 billion market rout. The benchmark Jakarta Composite Index, opens new tab was trading flat a day after authorities announced measures to address MSCI’s concerns and ease investor…
(Reuters) – Indonesian authorities scrambled on Thursday to arrest a flight of capital from the stock market, rolling out measures to counter the risk of a downgrade to frontier-market status that prompted a selloff of more than 8% in just two days. The rout, which erased about $80 billion in market value, came after index provider MSCI…
(Reuters) – U.S. President Donald Trump on Thursday threatened new tariffs on countries supplying oil to Cuba, escalating a pressure campaign against the Communist-run island. The move, authorized by an executive order under a national emergency declaration, did not specify any tariff rates or single out any countries whose products could face U.S. tariffs. Emboldened…
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), is due to visit Colombo next month to review the progress of Sri Lanka’s IMF-supported programme and to express solidarity with the country following recent natural disasters, IMF Asia and Pacific Department Director Krishna Srinivasan said. Speaking during a meeting with President Anura Kumara Dissanayake…
National Development Bank PLC stated that the Bank has further strengthened its strategic partnership with the International Finance Corporation, a member of the World Bank Group, on three (3) distinct fronts, to support its journey forward as an impactful contributor to Sri Lanka’s banking and financial services landscape. The relationship between NDB and IFC, which…
John Keells Properties announced that The Offices at Cinnamon Life, located within the landmark City of Dreams Sri Lanka, has reached full occupancy, along with some floors sold to a diverse portfolio of leading local and international corporates, marking a key milestone for the development. This demand reflects the appeal of City of Dreams as…
The Board of Investment of Sri Lanka (BOI) intensified efforts to attract new local and foreign investments into the education sector, leveraging Sri Lanka’s long-standing reputation for a well-structured and inclusive education system. The country’s high literacy rates—among the best in the region—are rooted in a strong foundation of early childhood education that extends through…
The latest edition provides statistical information related to Sri Lanka’s external trade and its contribution to major economic indicators such as trade balance. GDP and individual sectorial involvement for the year 2024 and five preceding years. This volume is the 38th Volume of this publication, and its previous editions have been constantly used as a…
John Keells Holdings PLC (JKH) reported a strong operational performance for the third quarter of FY2025/26, with Group EBITDA rising 68% year-on-year to Rs.23.76 billion, driven by improved profitability across all business sectors. Cumulative EBITDA for the nine months ended December 31, 2025, rose 84% to Rs.55.10 billion compared to Rs.29.94 billion a year earlier,…
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