The Asian Development Bank (ADB) has approved a $100 million financing package to build on Sri Lanka’s progress toward macroeconomic stability and to help achieve sustainable growth following the economic crisis. This will be done by strengthening public expenditure management, improving revenue mobilization, and fostering private sector participation. “Sri Lanka has made commendable progress in…
Amber Adventure Pvt. Ltd. invests US Dollars 13.25 million for the project China National Machinery Industry Corporation (SINOMACH) is the contractor of the project Ambuluwawa Bio Diversity Center or the Ambuluwawa tower, is one unique place ideal for the passionate traveller; atop the mountain Ambuluwawa rising 3,567 feet above sea level in Gampola, nearly a…
Diversified conglomerate CIC Holdings PLC (CSE: CIC) reported a consolidated revenue of Rs. 41.6 billion for the first half of the financial year 2025/26 (1HFY26). The Group reported a solid top-line growth of 7.2% and an impressive bottom-line growth of 14.7% with Profit after tax (PAT) increased to a significant Rs.3.25 billion, compared to Rs….
The Securities and Exchange Commission of Sri Lanka (SEC) on 04th November conducted a special awareness session on “Directors’ Liabilities” for directors of listed companies, with over 150 listed company directors participating. The session was held as part of the SEC’s ongoing commitment to fostering good governance and transparency in the capital market. In his…
The Joint Apparel Association Forum (JAAF) has welcomed the Government’s 2026 Budget, recognizing its emphasis on export-led growth, investment facilitation, and continued macroeconomic stability. The industry body commended the clear direction towards strengthening Sri Lanka’s external sector and building investor confidence, while also urging consistent implementation of reforms to sustain momentum. The apparel industry Sri…
The National Budget 2026 maintains a clear trajectory of policy predictability, fiscal consolidation, and disciplined debt management, continuing the stability required for Sri Lanka’s medium-term reform agenda. This consistency is critical for sustaining a transformative growth trajectory that is underpinned by low inflation, stable interest rates and renewed investor confidence. With economic recovery driven primarily…
The Asian Development Bank (ADB) has approved a $100 million loan to address complex and challenging structural reforms in Sri Lanka’s financial sector through better governance, continued policy reforms, and enhanced financial inclusion. This loan builds on the structural reforms addressed in the previous two ADB lending programs totaling $400 million since the country’s economic…
Reuters – Tesla, opens new tab CEO Elon Musk won shareholder approval on Thursday for the largest corporate pay package in history as investors endorsed his vision of morphing the EV maker into an AI and robotics juggernaut. The proposal was approved with over 75% support, and Musk bounded to the stage of the company’s…
The Sri Lanka Tourism Development Authority (SLTDA) has announced that the total number of foreign tourists who have visited the country so far in 2025 has exceeded 1.9 million. According to the latest statistics released by the Authority, a total of 32,815 tourists visited Sri Lanka during the first five days of November 2025. With…
The Budget Debate will be held for 23 days from November 8 to December 5 Second Reading Debate from November 8 to 14 – Second Reading Vote on November 14 at 6.00 pm. Committee Stage Debate from November 15 to December 5 – Third Reading Vote on December 5 at 6.00 pm The Second Reading…
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