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Summary of the Budget Estimates 2026
Due to the revisions to the revenue estimates expected through the budget proposals, the borrowing limit in the Appropriation Bill presented to this Parliament on 26.09.2025 should be revised by reducing it by Rs. 60 billion to Rs. 3,740 billion. This revision is presented in Annex Il of this Budget Speech.
Policybazaar expands global footprint with tech-led reinsurance entry into SL, Qatar, Oman, and UAE
Policybazaar.com, one of India’s largest insurance platforms, has announced the launch of its reinsurance operations in Sri Lanka, Qatar, Oman, and the UAE. With this move, Policybazaar becomes one of the first India-based intermediaries to introduce a technology-driven reinsurance model across Asia and the Middle East, regions that are rapidly growing yet continue to face […]
U.S. Embassy Delegation Visits Hambantota International Port
A high-level delegation from the Embassy of the United States in Sri Lanka made a courtesy call to Hambantota International Port (HIP) recently. The delegation, led by Ms Jayne Howell, Deputy Chief of Mission at the U.S. Embassy, also included Dustin R. Bickel, Regional Indo-Pacific Strategy Coordinator, Lieutenant Colonel Matthew House, Senior Defence Official, and […]
WCIC’s 40th anniversary celebrations continue with empowering future female entrepreneurs workshop
As part of its year-long 40th Anniversary celebrations, the Women’s Chamber of Industry and Commerce (WCIC) hosted another flagship initiative, Empowering Future Female Entrepreneurs, at Trace Expert City. The event brought together 60 ambitious female undergraduates from 16 universities across Sri Lanka for a full day of learning, mentorship, and inspiration. The program is one […]
Hayleys Plantations partners Solidaridad to strengthen global leadership in Regen Agri
Hayleys Plantations, home of the world’s first Regenagri®-certified tea estate, has entered into a landmark partnership with Solidaridad Network Asia and its Sri Lankan partner Nucleus Foundation to advance regenerative agriculture and carbon insetting programmes across its estates. The Memorandum of Understanding (MoU), signed alongside other plantation sector companies, represents the next phase in the […]
Social Media’s role in STEM and safe digital engagement
By Umais Naveed When I first encountered social media many years ago, it was largely known as a space for creativity and connection; a place where people came together through short videos, memes, and global trends. What has truly inspired me since then is how that same creative energy has evolved into something far more […]
MAS Holdings launches ‘Plan for Change 2030’,towards more sustainable apparel industry
South Asia’s largest apparel-tech conglomerate, MAS Holdings, launched its Plan for Change 2030 at a special event held at Cinnamon Life, Colombo on 09 October 2025. The launch marks an important new chapter in the company’s sustainability journey, outlining an ambitious roadmap to reshape the future of apparel through measurable commitments across Product, Lives, and […]
‘s Economic Stabilization by 2028, says IMF
The International Monetary Fund (IMF) has stressed that Sri Lanka must “stay the course” and complete its “own homegrown reform program” to fully stabilize its economy by 2028, signaling the crucial nature of domestic commitment to the country’s long-term financial health. Speaking at a recent press briefing, Thomas Helbling, Deputy Director of the Asia and […]