David Pieris Logistics (Private) Limited (formerly D P Logistics (Pvt.) Limited), the logistics arm of the David Pieris Group of Companies, officially inaugurated Jaffna’s first-ever purpose-built, multi-user logistics facility, marking a significant milestone in the development of modern logistics infrastructure in Sri Lanka’s Northern Province. Mr. David Pieris, Founder & President of the David Pieris…
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) successfully concluded the ‘Invest Sri Lanka’ Investor Forum in Dubai on 22nd January 2026 at the Sheraton Grand Hotel, as part of a series of roadshows across the Middle East. The forum, targeting the international investment community and Sri Lankan…
(Reuters) – Spot gold extended its blistering rally on Thursday to hit a record high just shy of $5,600 an ounce, as investors sought safety amid geopolitical and economic uncertainties, while silver came within a whisker of breaching the $120 mark. Spot gold shot up 2.7% to $5,542.29 an ounce by 0149 GMT, after hitting…
The International Monetary Fund (IMF) says Sri Lanka’s Extended Fund Facility (EFF) program is not on hold, clarifying that only the fifth review has been postponed to allow for a reassessment of economic conditions following the impact of the recent cyclone. IMF Mission Chief for Sri Lanka Evan Papageorgiou made the remarks at the conclusion…
Despite an initially shock, the impact of Cyclone Ditwah which caused widespread devastation to several parts of the country is unlikely to affect Sri Lanka’s economic growth in 2026, the Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe has confirmed. The CBSL Governor made this assertion based on data obtained from…
Entering into an Agreement on Debt Restructuring between the Government of the Democratic Socialist Republic of Sri Lanka and the CREDENDO – Export Credit Agency of Belgium in relation to the External Debt Restructuring Process Entering into the bilateral Agreement with the CREDENDO – Export Credit Agency of Belgium in relation to the External Debt…
Two leaders in travel come together to open Emirates Wolgan Valley, a Ritz-Carlton Lodge in mid-2026, signifying the global debut of ‘The Ritz-Carlton Lodge’ and a milestone project for New South Wales’ regional luxury tourism Emirates and Marriott International, Inc. (NASDAQ: MAR) have signed an agreement to open Emirates Wolgan Valley, a Ritz-Carlton Lodge – a 40-key…
The team from the International Monetary Fund (IMF) which arrived last week on a fact-finding mission has indicated that there would be no changes to the agreement relating to the Extended Fund Facility programme being implemented with Sri Lanka during a meeting with President Anura Kumara Dissanayake. A meeting between IMF representatives, who arrived in…
The Sri Lanka Export Development Board (EDB), in collaboration with the Asian Development Bank (ADB) under the Policy-Based project of the Ministry of Industry and Entrepreneurship Development, conducted a series of validation workshops for the National Export Development Plan (NEDP) 2025–2029 from January 12th to 14th, 2026. The NEDP 2025–2029 aims to strengthen Sri Lanka’s…
The team of the International Monetary Fund (IMF) led by Evan Papageorgiou, the Mission Chief for Sri Lanka, which arrived in Colombo last week has concluded the visit to Sri Lanka. The IMF team arrived in Colombo on 22 January to hold discussions on the impact of Cyclone Ditwah. During the visit, the IMF team…
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