Mr. Ivo Krznar, International Monetary Fund (IMF) Mission Chief for Bangladesh issued the following statement: “The Bangladeshi authorities have requested a new IMF financial arrangement to support their economic reform program. IMF staff are engaging with the authorities on their reform agenda and policy priorities as part of the Fund’s consideration of possible next steps….
Sri Lanka’s central government recorded a notable reduction in its total debt stock during the first quarter of 2026, according to the latest figures released by the Public Debt Management Office. The total debt of the central government fell from USD 100,356 million at the end of December 2025 to USD 98,965 million as of…
HayWind One Limited, the wind energy arm of Hayleys Fentons Limited, has achieved a major milestone in the development of its 50 MW Wind Farm Project in Mannar, with the first 25 MW out of the total 50 MW wind turbines successfully arriving at the Trincomalee Port. Once operational, the project is expected to generate…
Reuters – Oil prices rose on Wednesday, extending gains from the previous session, as hostilities in the Middle East erupted anew with Iran firing missiles at Kuwait and Bahrain, while diplomatic talks between Iran and the U.S. showed little progress. Brent futures gained 81 cents, or 0.8%, to $96.81 a barrel at 0330 GMT, while…
The North Western Provincial Office of the Sri Lanka Export Development Board (EDB), in collaboration with the Commercial Bank of Ceylon PLC, successfully organized an awareness seminar on “Export Procedures, Costing and Pricing, and Financial Facilities” for potential export industries and entrepreneurs on 27 May 2026 at the District Secretariat Auditorium, Kurunegala The programme was…
The Central Bank of Sri Lanka (CBSL) has organised a digital payments promotional programme in Trincomalee on the 05th and 06th of June 2026 with the participation of Dr. Nandalal Weerasinghe, Governor of CBSL, and other senior officials of CBSL. The programme targets to raise awareness on digital payment methods among government officials, the business…
Yasas Hewage assumed duties as Chairman of the Industrial Development Board (IDB) on 1 June 2026, taking leadership of one of Sri Lanka’s longest-standing enterprise development institutions with a proud legacy spanning 60 years. Hewage brings nearly 20 years of experience in banking, finance, business strategy, entrepreneurship development, sales and marketing, and sports tourism. Prior…
Business Sentiment: Global Turmoil Tests Confidence Fuel price hikes continue to dominate public discourse as the country grapples with mounting economic and social pressures. In just five weeks, businesses and the citizenry alike endured four rounds of price increases – the latest taking effect on 3 May. What’s more, the Sri Lankan Rupee has shed some…
The Securities and Exchange Commission of Sri Lanka (SEC) has issued a public notice warning investors about the activities of Samagi Capital (Private) Limited, confirming that the firm is not licensed to operate as a stockbroker or stock dealer in the country. The regulator’s warning follows the discovery of a fraudulent certificate currently circulating on…
A special discussion was recently held in Colombo to address barriers hindering Sri Lanka’s pharmaceutical export sector and to realize its full potential. The meeting brought together the Export Development Board (EDB), the National Medicines Regulatory Authority (NMRA), and the country’s leading pharmaceutical manufacturers for a focused exchange on the way forward. EDB Chairman and…
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