A consortium comprising Sri Lankan renewable energy developer Vidullanka PLC and India’s Skipper Limited has emerged as the lowest-cost bidder for a LKR 5.0 billion high-voltage transmission line project in Sri Lanka. The tender, officially titled the National Transmission and Distribution Network Development and Efficiency Improvement Project Package 3 (Phase ii), encompasses the construction, installation,…
Fitch Ratings has upgraded Sri Lanka’s Long-Term Issuer Default Ratings (IDRs) to ‘B-’ from ‘CCC+’. The Outlook is Stable. The upgrade reflects the implementation of macro-stabilization policies, underpinned by structural reforms, which have eased external financing risks and provide a degree of resilience to shocks. This is reflected by sharp improvements in fiscal and external…
The Sri Lanka–Nordic Business Council (SLNORBC) of The Ceylon Chamber of Commerce hosted its Members’ Day and Panel Discussion under the theme “Skills, Start-ups and Innovation: Developing the Next Generation of Partnerships,”, bringing together business leaders, entrepreneurs, and policymakers from Sri Lanka and the Nordic region to discuss opportunities for collaboration in innovation-driven sectors. The…
Resus Energy PLC has officially announced the commissioning of a solar power plant located in Damana, Ampara. The project was developed and implemented by Resus Eastern Solar (Pvt) Limited, a wholly owned subsidiary of Resus Energy PLC. The newly commissioned plant is expected to generate and supply approximately 3.5 GWh of clean energy annually to…
Reuters – Technology stocks powered Asian markets higher on Tuesday as lower oil prices lifted sentiment and investors pinned their hopes on US-Iran talks, while the dollar stood tall on bets that more hikes are needed to rein in inflation. Attention is also turning to a high-stakes meeting between Donald Trump and Xi Jinping later…
On September 9, 2026, the Executive Board of the International Monetary Fund (IMF) reviewed the joint IMF-World Bank Debt Sustainability Framework for Low-Income Countries (LIC-DSF). Since the last such review in 2017, the debt environment has become more complex and riskier for low-income countries at a time of elevated development and climate-related needs. In many…
Reuters – Oil prices gained for the first time in five sessions on Tuesday as investors awaited developments on potential US-Iran talks at the United Nations General Assembly this week after more supplies emerged through the Strait of Hormuz over the weekend. The Brent crude futures November contract rose $1.14, or 1.1%, to $101.48 a…
Reliable and affordable energy is essential to Sri Lanka’s economic growth, industrial development and competitiveness. As the country seeks to strengthen energy security while reducing its dependence on fossil fuels, the energy sector will be a key area of discussion at the Sri Lanka Economic & Investment Summit 2026, organised by The Ceylon Chamber of…
The Ceylon Chamber of Commerce has met with the International Monetary Fund’s (IMF) 7th Review Mission to Sri Lanka to discuss current economic conditions and brief the delegation on key issues facing businesses on the ground. During the discussion, the Chamber presented its perspective on Sri Lanka’s overall economic growth prospects and outlined key support…
A high-level discussion on the implementation of the National Export Development Plan (NEDP) 2026–2030 was successfully held at the Ministry of Ports and Civil Aviation on 15th September 2026, with a focus on strengthening the contribution of Sri Lanka’s ports and logistics sector to the country’s export growth. The meeting was chaired by Hon. Anura…
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