The Asian Infrastructure Investment Bank is a multilateral development bank dedicated to financing “Infrastructure for Tomorrow,” with sustainability at its core. AIIB began operations in 2016, now has 110 approved members worldwide, is capitalized at USD100 billion and is AAA-rated by major international credit rating agencies. AIIB collaborates with partners to mobilize capital and invest…
Sri Lanka’s official reserve assets increased by 1.1% to USD 6.24 billion in September 2025, compared to USD 6.17 billion in August 2025, according to the Central Bank of Sri Lanka (CBSL). However, this figure includes proceeds from the swap arrangement with the People’s Bank of China (PBOC), equivalent to around USD 1.4 billion,…
The President of the Asian Infrastructure Investment Bank (AIIB), Mr. Jin Liqun, affirmed AIIB’s commitment to supporting Sri Lanka’s development, particularly in the promotion of the green energy sector. This statement was made during a meeting at the Presidential Secretariat yersterday morning (07), where AIIB Head Jin Liqun, accompanied by senior management, met with President…
Urgent Structural Reforms and Efficient Public Spending Key for Long-Term Growth Sri Lanka’s recent economic performance has been strong. Despite this, the recovery remains incomplete, with growth still below pre-crisis levels and poverty significantly elevated. Strengthening the recovery will require continued macroeconomic stability, urgent structural reforms, and more efficient, better-targeted public spending, says the World…
M Power Capital Securities Limited (MSEC), a licensed investment manager, corporate finance advisor and a leading player in Sri Lanka’s capital markets, has facilitated over LKR 53 billion in structured finance transactions over the past five years, reinforcing its position as a premier debt arranger in the country’s financial sector. Having commenced operations in 2014,…
The Ministry of Digital Economy (MoDE) has officially partnered with the Computer Society of Sri Lanka (CSSL) as the National Partner for the National IT Conference (NITC) 2025, marking a significant milestone in advancing Sri Lanka’s digital transformation agenda. Representing the collaboration were Hon. Eng. Eranga Weeraratne, Deputy Minister of the Ministry of Digital Economy;…
Trade openness, technology adoption key to growth and jobs Growth in South Asia is projected to be robust at 6.6 percent this year—but a significant slowdown looms on the horizon. Reforms to promote trade openness and technology adoption could help the region create jobs and catalyze growth, says the World Bank in its twice-a-year regional…
As Sri Lanka transitions from economic stabilisation towards a path of accelerated, inclusive growth, with a renewed emphasis on private sector–led development, Day 2 of the Sri Lanka Economic and Investment Summit 2025, organised by the Ceylon Chamber of Commerce, will host a dedicated session titled “Why Sri Lanka – Investor View”. The session will…
Reuters – Gold surged to an all-time high above $3,900 per ounce on Monday, buoyed by growing expectations of a Federal Reserve rate cut this month, as well as economic and political uncertainty in the U.S., France and Japan. Spot gold was up 1.8% at $3,956.19 per ounce as of 02:41 pm ET, after hitting…
Marking a significant advancement in Sri Lanka’s passenger transport sector, the latest premium ZHONGTONG bus range was introduced by its newly appointed local agent, Moveflex (Pvt) Ltd., a fully owned subsidiary of DIMO, recently. ZHONGTONG is a familiar name in the Sri Lankan market, having already established a presence in the country over the years. Under DIMO Moveflex’s stewardship, the brand is poised to deliver greater value with stronger…
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