Fitch Ratings expects Sri Lanka's Islamic finance industry to grow over the medium term, supported by regulatory progress, rising political will, and expanding conventional-bank participation through Islamic windows. Sri Lanka's Islamic finance indus
Hambantota International Port (HIP) has surpassed one million TEUs in cumulative container throughput since the commissioning of new quay cranes in 2025, marking a significant milestone in the rapid growth of its container operations. The port handle
Dr. Martha Tesfaye Woldemichael, IMF Resident Representative for Sri Lanka (top left); Dr. P. Nandalal Weerasinghe, Governor, Central Bank of Sri Lanka (bottom left); Sanjaya Gunawardana, Managing Director and Chief Executive Officer, Sampath Bank PL
The Minister of Finance, Planning and Economic Development and the President of Sri Lanka, Hon. Anura Kumara Dissanayake, and the Governor of the Central Bank of Sri Lanka, Dr. P Nandalal Weerasinghe, signed a new Monetary Policy Framework Agreement
"The best way to predict the future is to create it." - Peter Drucker By Prof. Asoka S.Seneviratne Introduction Sri Lanka has never been without industrial policy. For decades, successive governments have attempted, in different forms, to promote man
More than 100 investors, diplomats, business leaders and property professionals gathered in London on 16 September for the Sri Lanka Real Estate Investment Forum: London 2026, convened by the Research Intelligence Unit (RIU) in collaboration with the
The Asian Development Bank (ADB) has approved a $100 million results-based loan to transform Sri Lanka's technical and vocational education and training (TVET) system, aiming to equip more young people with industry-relevant skills and strengthen the
The Sri Lanka Export Development Board (EDB), in collaboration with the Ministry of Industry and Entrepreneurship Development, convened a coordination meeting with the Lead Implementing Agencies of the National Export Development Plan (NEDP) 2026-203
The Representative of the Democratic Socialist Republic of Sri Lanka to the State of Palestine, Farook Mohamed Fawzer, paid a courtesy call on Minister of National Economy of the State of Palestine Muhammad Al-Amur, at the Ministry headquarters in Ra
Fitch Ratings has upgraded Bank of Ceylon's (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to 'B-', from 'CCC+', with a Stable Outlook. Fitch has also upgraded BOC's Viability Rating (VR) to 'b-', from 'ccc+', and Sh
First Capital Treasuries PLC, a subsidiary of First Capital Holdings PLC and JXG (Janashakthi Group), has strengthened its Board with the appointment of Channa de Silva as Chairman. The Board's capabilities have also been further enhanced with the ap
The Fabric & Apparel Accessory Manufacturers Association (FAAMA) has reappointed Mr. Husni Salieh of Noyon Lanka (Private) Limited as the Chairman for the 2026/27 term at its Annual General Meeting held on 25 September 2026 at the Hilton Colombo. The
The World Bank today approved $110 million to help Sri Lanka repair and reconstruct 600 kilometers of roads that were severely damaged by Cyclone Ditwah. The new financing, provided through the International Development Association's Crisis Response
The government's new 'Ayubo' daily lottery will result in lower-income citizens footing the bill for a universal free healthcare system accessible to all wealth brackets, the Advocata Institute warned. The warning follows the launch of the lottery la
Climate resilience has become the defining test of this El Niño year for Sri Lanka's plantation sector. The National Disaster Relief Services Centre says over 81,000 people across 25,563 families in seven districts, Ampara, Polonnaruwa, Batticaloa, B
Sri Lanka and other regional players to benefit By Jithendra Antonio On 31 August 2026, President Mohamed Muizzu signed the First Amendment to the Foreign Currency Act into law, alongside six other pieces of legislation. The amendment came into force
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight PolicyRate (OPR) at the current level of 8.75%. The Board arrived at this decision after carefully considering the evolving conditions and outlook on the dome
Darshin Pathinayake, Chief Business Intelligence Officer, Sampath Bank PLC (2nd from left), exchanges the agreement with Michael Sathasivam, Regional CEO, KOKO (2nd from right), while Asanka Liyanage, Deputy General Manager - Consumer & SME Banking,
The Ceylon Chamber of Commerce is expanding its work to strengthen business continuity across Sri Lanka's private sector, with the latest in a continuing series of Business Continuity Management (BCM) workshops completed this week. The work directly
Acting High Commissioner of Sri Lanka to Kenya Ruvini De Silva led a delegation from the Sri Lanka Association for Software and Services Companies (SLASSCOM) to the Kenya National Chamber of Commerce and Industry (KNCCI), as part of ongoing efforts t