President Anura Kumara Disanayake held a meeting Friday (May 16) at the Presidential Secretariat with officials of the Ministry of Digital Economy and heads of relevant institutions to discuss the progress of Sri Lanka’s digital economic initiatives. Special attention was focused on the progress of key projects formulated under the roadmap for digital economic development,…
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today senior leadership changes at the Fund, including the planned retirement of a long serving department head and a leadership rotation across two departments. Dominique Desruelle, Director of the Institute for Capacity Development (ICD), will retire from the IMF in October. He will be…
Deepal de Silva Appointed COO Sampath Bank has appointed Sanjaya Dias Pujitha Gunawardana as Managing Director-Designate, effective 1 July 2025. He will officially take over as Managing Director on 25 September, following the retirement of current MD Ayodhya Iddawela Perera, who goes on leave starting July. Gunawardana, currently Chief Strategy Officer, has been with Sampath…
The Ceylon Chamber of Commerce will host the National SME Forum 2025 on Tuesday, 21st May at the Taj Samudra, Colombo. The full-day forum will bring together over 200 small and medium enterprises (SMEs) from across Sri Lanka, providing an unparalleled platform to explore export opportunities, gain expert insights, and connect with global markets. The…
President Anura Kumara Dissanayake has urged all Chairpersons of District Coordinating Committees to actively engage in revitalizing the nation’s production-oriented economy and fostering rural development. The President made these remarks during a discussion held this morning (16) at the Presidential Secretariat with the participation of District Coordinating Committee Chairpersons and senior officials of the Ministry…
By Dr Asanka Wijesinghe The United States’ (US) proclamation of “reciprocal tariffs” dealt a blow to the global trade system based on the World Trade Organisation (WTO) principles. With the individualised tariff rates, the US has discarded non-discrimination in the Most-Favoured-Nation (MFN) tariff structure. The “reciprocal tariff” rate does not show any reciprocity but rather…
The Sri Lanka Tourism Development Authority (SLTDA) has reported that the number of foreign tourist arrivals in the country in 2025 is approaching the one million mark. According to the latest statistics, a total of 956,639 tourists have visited Sri Lanka so far this year. During the first 13 days of May 2025 alone, 59,755…
The chairman of the BOI, Mr. Arjuna Herath, and senior officials met with the Sri Lankan foreign services designated Ambassadors and diplomatic representatives led by Sumith Dissanayake, DG, Human Resources, and Mission Development, and discussed the way forward for FDI attraction to Sri Lanka During the meeting, Mr. Herath also spoke about the need for…
Bank of Ceylon (BOC), Sri Lanka’s premier financial institution, delivered a strong and resilient performance in the first quarter of 2025. Building on the momentum of 2024, the Bank maintained financial stability, demonstrated prudent risk management, and remained aligned with national economic priorities in an evolving macroeconomic environment. The General Manager / Chief Executive Officer,…
Teejay Group, Sri Lanka’s first multinational textile manufacturer delivered a remarkable financial performance by posting a Profit After Tax of LKR 2.8 billion marking a substantial 152% year-on-year growth during the year ended 31st March 2025. The strong bottom-line performance was driven by the rapid execution of strategic initiatives, effective cost optimisation and Teejay’s ability…
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