Lanka Ashok Leyland PLC, a successful joint venture between the Government of Sri Lanka and Ashok Leyland Limited of India, recently announced robust financial results for the first half of the financial year ending September 30th, 2025. The company emphasized its strategic focus on developing the local industry through local manufacturing/ assembly with increased value…
The International Monetary Fund (IMF) has commended Sri Lanka’s continued progress under its economic reform program, highlighting strong growth momentum following the country’s recovery from a deep economic crisis. At a press briefing presenting the latest regional economic outlook, Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department, and Thomas Helbling, Deputy Director, provided…
The government yesterday (16) opened a new window to issue air tickets at low rates for Sri Lankan migrant workers traveling abroad. The initiative was launched under the patronage of the Deputy Minister of Foreign Affairs and Foreign Employment, Mr. Arun Hemachandra, at the Sri Lanka Foreign Employment Agency located on Nawala Road, Narahenpita. Under…
As of 30.09.2025, the expected tax revenue was Rs. 1,610,599 million and accordingly Rs. 1,641,997 million has been earned (102 percent), officials of the Inland Revenue Department (IRD) recently informed the Committee on Ways and Means. It was revealed that out of the total tax revenue target of Rs. 2,195,220 million for the year 2025,…
Port City Colombo has been named the ‘Best Knowledge Zone – Asia Pacific Region’ and received a ‘Highly Commended’ citation for Sustainable Zones in the prestigious Global Free Zones of the Year 2025 rankings by fDi Intelligence, an imprint of the Financial Times (UK). The annual Global Free Zones of the Year awards by fDi…
The second edition of the maritime conference “VOYAGE SRI LANKA 2025,” organized by the Sri Lanka Export Development Board (SLEDB) in collaboration with key stakeholders from the public and private sectors, was successfully held on October 16, 2025, at the Kingsbury Hotel, Colombo, with the participation of Hon. Sunil Hadunnetti, Minister of Industry and Entrepreneurship…
SriLankan Airlines scored a hat-trick, winning the title of Leading International Airline in South Asia under the Visitors’ Choice Awards category at the South Asian Travel Awards (SATA) 2025, for the third consecutive year, placing the airline at the pinnacle of aviation in the region. The airline directly connects to 33 destinations in 21 countries…
Reuters – Shares of South Korean chipmaker Samsung Electronics rose as much as 2% on Thursday to an all-time high on investor optimism surrounding the semiconductor industry. Shares of the world’s leading memory chip maker were up 0.95% at 95,900 won ($67.52) per share as of 0022 GMT, after hitting a record 96,900 won earlier in…
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in September 2025. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 55.4 in September 2025, indicating an expansion in manufacturing activities. All sub-indices, except for Employment, remained above the neutral threshold during the month. Sri Lanka Purchasing…
Reuters – Top U.S. and Chinese officials joined a meeting on Wednesday of the Global Sovereign Debt Roundtable, where a key topic was the lack of transparency about commercial bank loans that have complicated developing countries’ debt restructuring efforts. The International Monetary Fund, World Bank and current G20 president South Africa issued a progress report…
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