The Netherlands has approved an additional grant of EUR 730,000 to support the ongoing Design and Construction of Rural Bridges Project in Sri Lanka. This funding will address the project’s additional financing requirements, further strengthening the long standing development cooperation between the two countries. The Rural Bridges Project aims to construct 162 rural bridges across…
By Jithendra Antonio The recent firestorm surrounding e-cigarette use among Sri Lanka’s youth has ignited a critical policy debate in Sri Lanka. So, what’s really at stake here? Protecting our youth is and must always remain a national priority. Yet, regulators and policymakers must resist knee-jerk prohibitionist responses, as any proposed solutions must be evidence-based,…
BBC – Elon Musk briefly lost his title as the world’s richest person to Larry Ellison, the co-founder of Oracle and an ally of US President Donald Trump. Ellison’s wealth surged to $393bn (£290bn) on Wednesday morning, surpassing Musk’s $385bn (£284bn), according to the Forbes billionaire list. The jump came after shares in Oracle, which…
Maliban Group of Companies, one of Sri Lanka’s most iconic heritage brands, announced a landmark strategic partnership with Reliance Consumer Products Ltd. (RCPL), a subsidiary of Reliance Retail and a fast-growing player in India’s consumer sector. This collaboration marks Maliban’s formal entry into the Indian market, positioning the company not merely as an exporter but…
Fitch Ratings: Fitch Ratings has raised its world growth forecasts for 2025 moderately since the June Global Economic Outlook (GEO) on better-than-expected incoming data for 2Q25. But there is now evidence of an underlying US slowdown in ‘hard’ economic data and positive surprises on eurozone growth have partly reflected US tariff front-running. Fitch still expects world GDP…
The Ministry of Tourism has launched the National Consultation Workshop to develop Sri Lanka’s Tourism Strategic Plan 2026–2030, bringing together representatives from all nine provinces and 25 districts to shape the future of tourism. With the current Strategic Plan (2023–2025) concluding, the new roadmap will align with national development goals, the updated Tourism Policy, and…
Oil prices climbed on Tuesday after Israel carried out a rare and brazen strike in Doha, Qatar, an escalation that rattled global energy markets. WTI crude rose 1.37% to $63.11, while Brent gained 1.32% to $66.89. Israel struck Hamas officials in Doha, according to reports — the first known Israeli attack to land on Qatari soil. The location alone…
Bloomberg- Sri Lanka is to take out a yuan-denominated loan equivalent to $500 million to resume a stalled highway project, according to the president’s senior economic adviser. The construction of Sri Lanka’s Central Expressway is expected to recommence later this month, Duminda Hulangamuwa, said in a phone interview on Tuesday. The project still requires more…
MAS Holdings recently hosted a delegation from the Asian Development Bank (ADB) at the MAS Fabric Park in Thulhiriya as part of ADB’s efforts to support the private sector through meaningful partnerships and investment. The visit offered the ADB team an opportunity to experience MAS’ operations firsthand and gain insights into the company’s commitment to…
The Central Bank inaugurates Financial Literacy Month on 10th September 2025, signifying a pivotal milestone in the nation’s progressive journey toward financial inclusion. This initiative is carrying under the framework of the Financial Literacy Roadmap, aligned with the Central Bank’s overarching vision of creating a ‘Financially Literate Sri Lanka’. Throughout the month, a series of…
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