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Maersk Line Strengthens Ties with SLPA Terminals; Signs Three-Year Terminal Service Agreement
In a significant step toward strengthening Sri Lanka’s position as a regional maritime hub, Maersk Line has signed a three-year Terminal Service Agreement (TSA) with the Sri Lanka Ports Authority (SLPA). The agreement is expected to foster business growth, enhance operational efficiency, and pave the way for stronger collaboration between the global shipping leader and […]
Sri Lanka’s Exports Surge to Nearly USD 10 Bn in First Seven Months of 2025
Sri Lanka’s export sector has demonstrated remarkable resilience and steady momentum during the first seven months of 2025, with total exports reaching US$ 9,992.53 Mn, marking a robust 7.79 % growth compared to the corresponding period in 2024. In July 2025 alone, total exports, comprising both merchandise and services reached to US$ 1,641.11 Mn, recording […]
Interview: Sri Lanka’s real estate sector continues to attract top-tier FDI
According to the real estate research division of the Research Intelligence Unit, the island’s real estate sector is currently experiencing a revival in foreign investor interest. Herein, we take great pleasure in conducting an exclusive interview with Tristan Wu, Country Head / Director of BailiInvestments.Lanka Pvt Ltd. Can you explain the inspiration behind what will […]
BOI seals landmark USD 171 Mn investment with CEAT OHT Lanka
Agreement formalises one of the largest Indian investments in Sri Lanka’s manufacturing sector Investment will expand Off-Highway Tyre (OHT) and Tracks manufacturing capacity in Sri Lanka Facilities at Midigama and Kotugoda to focus on export-led production of tyres and tracks for compact construction equipment Job security assured for 1483 employees through Tripartite MoU Investment strengthens […]
Opinion: The dangerous myth of unpaid public service
By Tharaka Balasuriya My mother carries a diary of my grandmother, a poignant reminder of the sacrifices made in the name of public service. It details how my grandmother, a reasonably wealthy woman, was left with so little after her husband, my grandfather, had devoted his life to his community and country. Though he was […]
UK and Sri Lanka sign bilateral debt restructuring agreement reached in June 2024
• Bilateral debt agreement between the UK and Sri Lanka establishes terms reached between Sri Lanka and Official Creditor Committee in June 2024. • Agreement allows Sri Lanka to resume interest payments, with a grace period to repay the main debt amount until 2028 British High Commissioner Andrew Patrick and Sri Lanka’s Secretary to the […]
Colombo Fort Magistrate’s Court Remands Ex-President Ranil Wickremesinghe Until August 26
Former Sri Lankan President Ranil Wickremesinghe has been arrested on charges of misusing public funds, according to police. The arrest is in connection with a private overseas trip he made abroad during his tenure as president. The Criminal Investigations Department (CID) took Wickremesinghe into custody after he provided a statement to them earlier today. He […]
Ambeon Strengthens Portfolio Through Strategic Hospitality Investments
Strengthens growth strategy through equity stakes in Iconic Sri Lankan hotel companies – The Kandy Hotels Company PLC and The Ceylon Hotels Corporation PLC Ambeon Group, one of Sri Lanka’s leading diversified conglomerates, today announced its strategic entry into the hospitality sector with strategic equity investments in two listed hotel companies, reinforcing its confidence in […]
Committee to probe irregularities at AASL & SriLankan Airlines invites public input
The Presidential Special Investigation Committee, established to probe into past fraud, corruption and malpractices at Airport and Aviation Services (Sri Lanka) (Private) Limited and SriLankan Airlines, invites complaints, views, and proposals from the public. In accordance with Cabinet Decision No. 25/1145/801/018 dated July 1, 2025, based on the Cabinet Memorandum submitted by President Anura Kumara […]
New Zealand High Commissioner Explores Opportunities at Hambantota International Port
New Zealand High Commissioner to Sri Lanka, David Gregory Pine, visited the Hambantota International Port (HIP) on August 11, 2025, to gain firsthand knowledge on its development and growing international relevance. Accompanying him was Rasika Sumudhu Jayasinghe, Policy Adviser at the High Commission. The delegation was taken on a tour of HIP’s state-of-the-art facilities and […]