At a special media briefing held today (03) at the Information and Communication Technology Agency, the Notice of Assignment (NoA) required for the 2025 frequency auction of 5G was officially announced. The event was attended by Eng. Eranga Weeraratne, Deputy Minister of Digital Economy; Mr. Waruna Sri Dhanapala, Acting Secretary of the Ministry of Digital…
A World Bank team, led by Country Manager Mr. Gevorg Sargsyan, held a consultation meeting on 25.09.2025 with Dr. Harsha de Silva, Chair of the Committee on Public Finance (CoPF) and its members. The team subsequently held a combined consultation session with Hon. Dr. Nishantha Samaraweera, Chair of the Committee on Public Enterprises (COPE); Hon….
The board of directors of the National Savings Bank (NSB), the premier state owned savings banks in the country, has approved a dividend of Rs 6 billion to the General Treasury, its sole shareholder. NSB has reported exceptional results, with Profit before Tax (PBT) of Rs. 28.5 billion for the year 2024 and Rs. 25.5…
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) surpassed the 22,000-point mark for the first time in history, during this morning’s (03) trading session. At around 09.35 a.m. this morning (03), the index stood at 22,017.56 points.
In celebration of World Children’s Day on 1 October, SriLankan Airlines facilitated the flight experience for a special programme organised by Derana TV and Unilever, named ‘Derana – Signal Ahasin Gamanak’ for children selected through a creative competition from every province across Sri Lanka. Through this unique initiative, 250 youngsters aged 12 to 15 were…
The Sri Lanka Export Development Board (EDB), in partnership with the Asian Development Bank (ADB), has commenced a series of stakeholder consultations aimed at formulating the National Export Development Plan (NEDP) 2025-2029, a strategic initiative to strengthen the country’s export competitiveness and drive sustainable economic growth. The inaugural consultation session was held today (02) at…
BBC – Tesla boss Elon Musk has become the first person ever to achieve a net worth of more than $500bn (£370.9bn), as the value of the electric car company and his other businesses have risen this year. The tech magnate’s net worth briefly reached $500.1bn on Wednesday afternoon New York time, before dipping slightly…
The Sri Lanka Tourism Job Fair and Career Expo successfully concluded at One Galle Face in Colombo, drawing strong participation from students, graduates, and young professionals eager to enter the hospitality and tourism industry. Now in its third year, the fair connected aspiring youth with leading employers, offering on-site interviews, career guidance sessions, and workshops….
A total of 158,971 tourists have arrived in the country in the month of September, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. The number of tourists arrived in Sri Lanka in 2025 has increased to 1,725,494 with the release of the latest figures for September. Among them, 375,292 individuals are from India,…
Fitch Ratings: Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC+’. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. A full list of rating actions is at the end of this Rating Action Commentary. Key Rating Drivers Ratings Affirmed: Sri Lanka’s ‘CCC+’ sovereign rating remains…
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