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U.S. Embassy Strengthens Sri Lanka’s Ability to Detect Maritime Sanctions Evasion

The U.S. Embassy in Sri Lanka, through the U.S. Department of State’s Office of Cooperative Threat Reduction and in partnership with the Atlantic Council, conducted a three-day training September 9–11 in Colombo to strengthen Sri Lanka’s ability to detect and respond to maritime sanctions evasion that threatens U.S. security interests and legitimate global commerce.   More […]

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From Bureaucratic Labyrinth to Economic Liberty: Transforming SL’s Future Through National Business Facilitation Center (ViYASA)

“The secret of change is to focus all of your energy, not on fighting the old, but on building the new.” — Socrates By Prof. Asoka S.Seneviratne  Introduction The inauguration of Sri Lanka’s National Business Facilitation Center (NBFC)—known locally as ViYASA—Visionary insight of President Anura Kumara Dissanayake marks a profound turning point in the nation’s […]

Fitch Ratings’ decision to upgrade Sri Lanka shows recognition of progress in economic stabilisation: CCC

The Ceylon Chamber of Commerce is pleased to see the tangible results of the commitment and sustained efforts towards restoring Sri Lanka’s macroeconomic stability, reflected in Fitch Ratings’ decision to upgrade the country’s Long-Term Foreign-Currency Issuer Default Rating from ‘CCC+’ to ‘B-’, with a Stable Outlook. The upgrade is an important development in Sri Lanka’s economic […]

Sri Lanka’s Exports Surpass US$ 12 Bn in First Eight Months of 2026

Sri Lanka’s export sector has surpassed the US$ 12 Bn mark during the first eight months of 2026, with total exports reaching US$ 12.01 Bn, an increase of 4.26% compared with US$ 11.52 Bn recorded during the corresponding period of 2025. The growth reflects continued momentum in Sri Lanka’s export performance, with both merchandise and […]

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IMF Staff Team Concludes Visit to Sri Lanka

Washington, D.C.: An International Monetary Fund (IMF) team led by Mr. Evan Papageorgiou visited Sri Lanka during September 10-23, 2026, to discuss (i) recent macroeconomic developments and progress in implementing economic and financial policies under the Extended Fund Facility (EFF) arrangement, and (ii) policy recommendations in the context of the 2026 Article IV Consultation. At […]

World Growth Holds Up, but Real Interest Rates Rise: Fitch Ratings

World growth is holding up well in the face of the energy price shock, but real interest rates are rising, Fitch Ratings says in its latest Global Economic Outlook. Fitch has raised its forecast for global GDP growth in 2026 by 0.2pp to 2.6%, down only marginally from 2025 and close to the long-run trend. […]

Fitch Upgrades Sri Lanka to ‘B-‘ from ‘CCC+’; Outlook Stable

Fitch Ratings has upgraded Sri Lanka’s Long-Term Issuer Default Ratings (IDRs) to ‘B-‌’ from ‘CCC+’. The Outlook is Stable. The upgrade reflects the implementation of macro-stabilization policies, underpinned by structural reforms, which have eased external financing risks and provide a degree of resilience to shocks. This is reflected by sharp improvements in fiscal and external […]

Supreme Court Mandates Referendum for Strict Bail Restrictions Under Anti-Corruption Bill

In a major constitutional determination announced in Parliament today by Speaker Jagath Wickramaratne, the Supreme Court of Sri Lanka ruled that key provisions of the proposed Anti-Corruption (Amendment) Bill cannot become law without a two-thirds parliamentary majority and direct approval by the people at a public referendum. The Court’s ruling targets critical judicial, corporate governance, […]

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