Reuters – Global public debt is projected to rise above 100% of gross domestic product by 2029, reaching its highest level since 1948 and continuing to climb, the IMF said on Wednesday, urging countries to build up buffers to guard against economic risks. Vitor Gaspar, head of the International Monetary Fund’s fiscal affairs department, said…
The government has planned many programs to facilitate tourists aiming at the upcoming tourist season. The Special Performance Force appointed by President Anura Kumara Dissanayake for the second meeting yesterday (14) for the second time at the President’s Office to make strict decisions required for the promotion of the tourism industry. Accordingly, special attention was…
Upcoming premieres of Warner Bros. blockbuster Weapons and HBO Original IT: Welcome to Derry Product features, subscription plans and pricing for new markets announced HBO Max, the premier streaming service from Warner Bros. Discovery is now live in 15 new markets, including Bangladesh, Cambodia, Macau, Pakistan, Sri Lanka and Ukraine – full list here. From…
Sri Lanka must now convert its strong cyclical growth recovery to a structurally driven growth process. Technology infusion and digitalisation can lift productivity while reforms to institutions, regulations, and economic policies filter through. External uncertainties and compulsions should hasten policy focus on the domestic economic agenda. Sri Lanka is witnessing the positive outcomes of a…
Virtusa Corporation, a leading global provider of digital strategy, engineering, and IT services, announced the expansion of its Sri Lanka Delivery Center with over 200 new career opportunities across high-growth technology domains. The initiative marks a renewed phase of investment in the country as Virtusa accelerates its journey toward becoming a US $5 billion enterprise…
Central Bank Governor Dr. Nandalal Weerasinghe says Sri Lanka has reached a staff-level agreement with the IMF on the completion of the fifth review of the USD 3 billion Extended Fund Facility (EFF), marking an important step in the country’s economic reform program. Speaking exclusively to Ada Derana, Dr. Weerasinghe said the review is “more…
Coinciding with the Voyage Sri Lanka 2025 Marine Summit, a delegation of 10 foreign investors from countries including India, Saudi Arabia, the United Arab Emirates, and Oman toured the Colombo Port and Port City on October 15. The visit aimed to showcase Sri Lanka’s potential and opportunities for investment as a hub for marine services….
As Sri Lanka joins the global community in marking World Food Day 2025 under the theme “Hand in Hand for Better Foods and a Better Future,” the message is clear: achieving food security and nutrition for all requires collaboration that transcends institutional boundaries, sectors, and generations. In a world of increasing shocks and stresses, no…
WindForce PLC has announced the signing of a Land Lease Agreement for the Rividhanavi 100 MW Solar Power Project with the Sri Lanka Sustainable Energy Authority on October 10, 2025. The 24-year lease covers land in Kotiyagala, Siyambalanduwa, Monaragala District, with a total rental value of LKR 50 million. The agreement marks the completion of…
Citrus Leisure PLC proudly announces the reopening of The Steuart by Citrus, following an extensive refurbishment that breathes new life into one of Colombo’s most iconic heritage properties. Reimagined for the modern traveller, the hotel reopens its doors with a refreshed spirit, upgraded spaces, and exciting experiences, all while preserving the charm and history that…
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