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Committee on Public Finance Raises NDB Bank Fraud with Central Bank
The Committee on Public Finance (CoPF) met on 07th April 2026 under the chairmanship of Hon Member of Parliament Dr. Harsha de Silva. The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe, along with members of the Governing Board, the Monetary Policy Board, and senior officials, attended the meeting as part […]
IMF Staff Reaches Staff-Level Agreement on the Combined Fifth and Sixth Reviews under Sri Lanka’s EFF Arrangement
An International Monetary Fund (IMF) mission team led by Mr. Evan Papageorgiou visited Sri Lanka from March 26 to April 9, 2026, to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the Extended Fund Facility (EFF) arrangement. At the end of the mission, Mr. Papageorgiou issued the following statement: “IMF […]
Kaspersky detects 14 million local malware incidents in Sri Lanka in 2025
Sri Lanka experienced 14,960,244 local malware incidents on user computers during 2025, with 37.4% of users in the country attacked by threats spread through removable USB drives, CDs, DVDs and other offline methods, according to the latest Kaspersky Security Bulletin. This places Sri Lanka in the 48th position worldwide for local threat exposure. The data […]
Ceylon Chamber of Commerce Announces Leadership Transition; Shiran Fernando Appointed Secretary General/CEO
The Ceylon Chamber of Commerce announces a planned and orderly leadership transition, underscoring its commitment to strong governance, leadership continuity, and long-term institutional stability. Accordingly, Mr. Shiran Fernando has been appointed Secretary General and Chief Executive Officer, effective 8th May 2026, succeeding Mr. Buwanekabahu Perera, who will conclude a three-year tenure at the helm of […]
Huawei IP Summit 2026 highlights AI-driven enterprise Datacom networks amidSri Lanka’s 5G evolution and Pre-Wi-Fi 8 advancements
Huawei recently hosted its Intelligent IP Summit 2026 in Sri Lanka, bringing together industry leaders and technology experts to explore the future of enterprise data communication (Datacom) networks, as organisations navigate rapid disruptions driven by AI and the expansion of 5G. The summit underscored the growing importance of enterprise networks as the foundation of digital […]
Sri Lanka’s first 100-pct enewable energy recycling center in plantation sector unveiled by the Coca-Cola Foundation
The first zero-emission Material Collection and Processing Facility in Sri Lanka was officially inaugurated under the SWYFT Project. This initiative is funded by The Coca-Cola Foundation (TCCF), implemented by Janathakshan, with Neptune Recyclers serving as the recycling partner, in collaboration with Talawakelle Plantation. The Somerset ECO Material Collection & Processing Center was officially opened on […]
Kenilworth Estate: Crafting premium Ceylon tea through innovation and heritage
Since 1947, when its current factory rose from the site of an earlier 1942 structure, Kenilworth Tea Estate has crafted teas renowned for their long, wiry, well-twisted leaves; blacker, cleaner, and meticulously rolled through an extended 2.5-hour Orthodox process that yields a coppery-bright infusion with creamy, full-bodied strength, woody frankness, and subtle citrus notes. Perched […]
International Solar Alliance Operationalises Country Partnership Strategy Through High-Level SL Mission
The International Solar Alliance (ISA) is undertaking a high-level mission to Sri Lanka from6 to 9 April 2026, led by Director General Mr Ashish Khanna, to advance the operationalisation of the ISA–Sri Lanka Country Partnership Strategy (CPS) and accelerate the country’s solar deployment agenda. The mission focuses on four key outcomes: formal endorsement of the […]
Fitch Publishes ‘A(lka)’ Rating on WindForce’s Proposed Debentures
Fitch Ratings has published the National Long-Term Rating of ‘A(lka)’ on WindForce PLC’s proposed senior unsecured redeemable debentures of up to LKR4 billion. The notes are rated one notch below WindForce’s National Long-Term Rating (A+(lka)/Stable) due to increasing structural subordination from secured debt at operating subsidiaries used to fund its capacity expansion. WindForce’s rating reflects […]
NDB Reports Internal Fraud to CBSL; Customer Accounts Unaffected
The Central Bank of Sri Lanka (CBSL) stated that the National Development Bank PLC (NDB) has informed CBSL of an internal fraud that could result in a significant financial loss. CBSL further noted that NDB has confirmed no customer accounts or deposits have been affected by this incident. Central Bank said it has carried out […]