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Government Awards Rs. 1.07 Billion Contract to Upgrade Kandy-Jaffna Road Section
Sri Lanka’s Cabinet of Ministers has approved the awarding of a Rs. 1.07 billion contract to M/s Tudawe Brothers (Pvt) Ltd. for the widening and improvement of a critical stretch along the Kandy-Jaffna (A009) road. The infrastructure project forms part of the national highway expansion and improvement program, targeting the road section from kilometer 58+240 […]
Government to Draft Revised State Assets Management Bill, Halting 2024 Draft
Sri Lanka’s Cabinet of Ministers has approved a proposal to suspend further action on the previously published State Assets Management Bill and instruct the Legal Draftsman to prepare a revised draft incorporating recommendations from a technical expert committee. The initial bill had received Cabinet approval on July 22, 2024, to be published in the Government […]
Sri Lanka Accelerates Renewable Energy Transition, Grid Upgrades, and Competitive Tariff Reforms
Sri Lanka is aggressively scaling up its renewable energy capacity while overhauling power procurement and transmission infrastructure to ensure stable, cost-effective electricity for industrial and domestic consumers, President Anura Kumara Dissanayake announced during the Sri Lanka Economic and Investment Summit 2026. Addressing business leaders, President Dissanayake highlighted that renewable sources now account for 69 percent […]
Government Re-evaluates Private Fuel Distribution Contracts Amid Subsidy Extensions and Market Disruption
Sri Lankan President Anura Kumara Dissanayake announced that the government is reviewing initial contractual agreements signed with private fuel distributors to address supply bottlenecks and pricing disparities between private retail outlets and the state-owned Ceylon Petroleum Corporation (CPC). Addressing business leaders at the Sri Lanka Economic and Investment Summit 2026, President Dissanayake outlined the fiscal […]
Sri Lanka Outlines Strategic Development Plans for Colombo Port East and West Terminals
Sri Lanka is preparing to revamp its maritime infrastructure by bringing in international shipping lines for terminal operations and advancing major expansion projects at the Port of Colombo, President Anura Kumara Dissanayake announced during the Sri Lanka Economic and Investment Summit 2026. Addressing the forum, President Dissanayake highlighted that while the state will retain ownership […]
Central Bank Releases Financial Stability Review for Year 2026
In terms of Section 70(1) of the Central Bank of Sri Lanka Act, No. 16 of 2023, the Central Bank of Sri Lanka released its annual Financial Stability Review (FSR) for 2026. This statutory report provides an assessment of the stability of the financial system, identifies and evaluates the associated risks and vulnerabilities, and outlines […]
Meaning in Every Drop: Sri Lanka’s El Niño Response
An El Niño year is rarely just about drought. It is about extremes. Current forecasts suggest Sri Lanka could face two connected phases. The first may bring heavier rainfall, localised flooding and landslide risks in the latter part of 2026. The second could be a prolonged dry spell stretching well into 2027, putting pressure on […]
President Anura Kumara Dissanayake to Inaugurate Sri Lanka Economic & Investment Summit 2026 Today
President Anura Kumara Dissanayake will inaugurate the Sri Lanka Economic & Investment Summit 2026 today, 12 October, at the Shangri-La Colombo. Organised by The Ceylon Chamber of Commerce, the two-day Summit will feature senior business leaders, policymakers and international experts discussing Sri Lanka’s economic priorities and investment prospects. Held under the theme “Positioning Sri Lanka […]
MTI & Skift to strategize for Sri Lanka’s Global Tourism Campaign
Ms. Christine Fernando, Executive Director of MTI Consulting (3rd from left), and Mr. Oliver Martin, Senior Director of Skift Advisory (2nd from left), during a meeting in Sri Lanka Enabled by the World Bank’s GFPP Skift, the world’s largest tourism industry Intelligence consultancy, in joint venture with MTI Consulting, the international strategy consultancy, has been […]
From Investment to Economic Transformation: Does Sri Lanka Need One Integrated Development Agency?
“Efficiency is doing things right; effectiveness is doing the right things.” — Peter Drucker Author: Prof. Asoka S.Seneviratne Introduction Sri Lanka’s next economic challenge is to turn stabilisation into sustained economic transformation. Restoring macroeconomic stability was necessary, but stability alone cannot deliver higher productivity, competitive production, expanding exports or improved living standards. The country must […]