Sri Lanka is inviting investors to participate in a Public-Private Partnership (PPP) to develop a value-added graphite project at the Kahatagaha mine, the country’s largest and deepest graphite deposit. The Cabinet of Ministers approved the proposal presented by the Minister of Industries and Entrepreneurship Development to launch the project after repealing a previous restructuring decision…
CBL Group, Sri Lanka’s leading food conglomerate with a presence in more than 65 countries, has announced a strategic partnership with Aamalcom Holdings, a diversified group operating in multiple sectors, to expand its footprint and strengthen market reach in the Kingdom of Saudi Arabia (KSA). The agreement was signed in Colombo by Sheikh Qinan Rashdan…
Streaming home to iconic HBO and Max Originals, and Warner Bros. blockbusters, including Harry Potter, House of the Dragon, The Last of Us, A Minecraft Movie and Superman HBO’s newest series IT: Welcome to Derry to premiere October 27 on HBO Max Warner Bros. Discovery today announced that its premier global streaming service HBO Max…
Sri Lanka’s globally renowned spice industry, long celebrated for its authenticity, quality and heritage, is now confronting one of its most pressing challenges. The Planters’ Association of Ceylon (PA) has voiced grave concerns following the Government’s decision to permit the importation of spices under a new regulatory framework that grants “approved enterprise” status to selected…
Reaffirms Support for Jobs, Private Investment, and Long-Term Growth The World Bank’s Vice President for South Asia, Johannes Zutt, concluded his first official visit to Sri Lanka yesterday. During his two-day visit, he met with President Anura Kumara Dissanayake, Central Bank Governor Dr. Nandalal Weerasinghe, Secretary to the Treasury Dr. Harshana Suriyapperuma, and other senior officials….
The Sri Lanka Export Development Board (EDB) and Germany’s Import Promotion Desk (IPD) will formalize their longstanding collaboration through a Cooperation Agreement, expanding support to Sri Lanka’s digital products and services sector alongside natural ingredients and processed foods. Since 2019, EDB and IPD have partnered to strengthen Sri Lanka’s export competitiveness, particularly in natural ingredients….
The Southern Province today made history as the first province in Sri Lanka to enable digital payments across all its District and Divisional Secretariats through GovPay, the State Digital Payment Platform. The official launch took place on 15th September 2025 at the Matara District Secretariat under the patronage of the Deputy Minister of Digital Economy,…
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in August 2025. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.2 in August 2025. This indicates an expansion in manufacturing activities, albeit at a slower rate compared to the previous month. All sub-indices remained above the…
Reuters – Sri Lanka is aiming to boost its economic growth to up to 6% in 2026, partly through record government capital expenditure, though delays in passing the budget could drag on its performance this year, a minister said on Monday. Anil Jayantha Fernando, labour minister and deputy minister of economic development, said Sri Lankans…
Sri Lanka’s economy expanded by 4.9 percent in the second quarter of 2025, marking the eighth consecutive quarter of positive growth, according to official data. The growth reflects the country’s steady recovery from its recent economic downturn, supported by favorable conditions that prevailed over the past seven quarters. Key drivers of expansion included wholesale and…
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