Sri Lanka has made remarkable strides in stabilizing its economy, undertaking one of the largest fiscal adjustments in its history—equal to nearly 8 percent of GDP over three years. The adjustment was also sharper and faster by international standards – when compared with more than 330 similar efforts in 123 countries worldwide since 1980. A…
The Colombo Stock Exchange recorded its sharpest decline in over two months today (09), with the benchmark indices closing significantly lower. The All Share Price Index (ASPI) dropped by 231.7 points, or 1.11%, to settle at 20,674.1 points, marking the steepest single-day fall since June 23, 2025. This also marked the third decline in the…
The European Union’s Deforestation Regulation (EUDR) takes effect on 30 December 2025. This regulation aims to prevent deforestation associated with seven commodities—cattle, cocoa, coffee, palm oil, soy, wood, and natural rubber—and products derived from them, such as tyres, chocolate, and wooden furniture. Any product exported to the EU market must be deforestation-free, legally produced according…
A special meeting between the Minister of Industry and Entrepreneurship Development, Mr. Sunil Handunnetti, and Export Development Officers serving under the Ministry across the Southern, Western, and Sabaragamuwa provinces was held on the 3rd at the premises of the Export Development Board (EDB). The objective of the discussion was to update Export Development Officers on…
National ICT Conference 2025 set for October 14–16 at Shangri-La Colombo Theme: “Fostering a Human-Centric Nation – Towards Society 5.0” Sri Lanka stands at an inflection point. Global competition is intensifying, technologies such as artificial intelligence and blockchain are reshaping industries, and societies worldwide are rethinking the role of technology in human progress. For a…
Four leading Australian social media influencers concluded their highly impactful journey across Sri Lanka on the 1st of September 2025, following nearly two weeks of immersive exploration and promotion. The initiative, organized by the Sri Lanka Tourism Promotion Bureau (SLTPB), aimed at positioning Sri Lanka as a preferred long-haul travel destination for Australian travelers, has…
The Government of Sri Lanka has arranged to borrow USD 100 million from the International Development Association (IDA) of the World Bank Group to finance the implementation of the Integrated Rurban Development and Climate Resilience Project (IRDCRP). The relevant Financing Agreement for the IRDCRP, amounting to USD 100 million, was signed on September 8, 2025…
Saudi Arabia’s Minister of Transport and Logistics Saleh Al-Jasser received Minister of Transport, Highways, Ports and Civil Aviation of Sri Lanka, Bimal Rathnayake on the sidelines of the 2nd Sustainable Maritime Industry Conference held in Jeddah from 03- 04 September 2025. During the meeting, Minister Rathnayake briefed Minister Al-Jasser on the recent developments in Sri Lanka highlighting…
The number of tourist arrivals to Sri Lanka so far in 2025 has surpassed 1.6 million. According to latest figures released by the Sri Lanka Tourism Development Authority (SLTDA), as of 7 September 2025, a total of 1,604,018 foreign nationals have arrived in the country. Meanwhile, a total of 37,495 tourists have arrived in the…
The Federation of Information Technology Industry Sri Lanka (FITIS), the apex body representing the nation’s ICT sector, warmly welcomed the Government’s launch of the “100 Days Digital” programme during INFOTEL 2025 launch , reiterating its full commitment to support this ambitious initiative. The programme is designed to accelerate digital transformation across government services, education, businesses,…
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