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Sri Lanka’s Exports Surge to USD 8.3 Billion in First Six Months of 2025
Sri Lanka’s export sector demonstrated remarkable resilience and steady progress during the first six months of 2025, with total exports reaching US$ 8,337.86 Mn, marking a robust 6.70 % growth compared to the same period in 2024. Total exports, including both merchandise and services reached US$ 1,460.34 Mn in June 2025. This shows an impressive […]
‘s New Stablecoin Law Mandates Full Reserve Backing, Monthly Disclosures
President Donald Trump has signed the GENIUS Act into law, making it the first U.S. federal legislation to regulate stablecoins. The law requires full reserve backing, monthly reserve disclosures, and strict rules to prevent misleading marketing. The move triggered a rally in digital assets, with Bitcoin surpassing $123,000 during the debate in the House, and […]
Sri Lanka’s Plantation sector sounds alarm over 30% U.S. tariff
The Planters’ Association of Ceylon (PA) has expressed grave concern over the United States’ decision to impose a 30% tariff on Sri Lankan tea and rubber exports, set to take effect from August 1st. The Association warns that this move could devastate two of Sri Lanka’s most historic and employment-intensive sectors, tea and rubber undermining […]
VIDEO: Why China Is Building Ships in the Desert
In the middle of the Chinese desert, miles from any ocean, lie massive naval ships. In this video, we explore why China built them in the sand and what they’re used for.
Sri Lanka’s Textile and Apparel sector strengthens ESG transparency with new GRI-backed initiative
A new sustainability initiative is set to enhance the resilience, competitiveness, and global standing of Sri Lanka’s apparel sector. The Improving Transparency for Sustainable Business (ITSB) programme, jointly launched by the Global Reporting Initiative (GRI) South Asia, the Sustainable Development Council (SDC) of Sri Lanka, Sri Lanka Export Development Board (EDB) and the Joint Apparel […]
IMF Staff Concludes Visit to Sri Lanka
The economic reforms implemented by Sri Lankan authorities are bearing fruit, with growth outperforming, inflation progressing to target, external reserves accumulating, and fiscal revenues improving. Sustaining the reform momentum is critical to safeguarding macroeconomic stability, entrenching the recovery, and building Sri Lanka’s resilience to shocks amid trade policy uncertainty and geopolitical tensions. Progress in meeting […]
Opinion: Attracting FDI and managing BOP?
By Indika Hettiarachchi Retained profits or reinvested earnings of existing Foreign Direct Investment (“FDI”) backed ventures usually comprise a significant share of Sri Lanka’s (official) FDI figures. This means a significant share of reported FDI do not represent actual foreign “cash” coming into the county to finance (new) investment. In other words, an increase in […]
President Anura Kumara Disanayaka to undertake a State Visit to Maldives
President Anura Kumara Disanayaka will undertake a State Visit to Maldives from 28-30 July 2025 at the invitation of the President of Maldives Mohamed Muizzu. During the visit, President Disanayaka is scheduled to hold bilateral talks with President Muizzu and exchange several Memoranda of Understanding to deepen our mutual cooperation. The State Visit to Maldives […]
Supreme Court Holds State and Corporate Actors Accountable in X-Press Pearl Disaster and Aftermath
In a landmark judgment the Supreme Court today (July 24) delivered its judgment in Fundamental Rights petitions in relation to the X-Press Pearl maritime disaster, one of the worst environmental disasters in Sri Lanka’s history. TISL filed the intervention petition to intervene in case no. SC/FR 168/2021, filed by the Centre for Environmental Justice seeking […]
Macktiles Lanka makes history as first to achieve real porcelain perfection with 100pct SL minerals
In a singular moment that rewrites the narrative of global manufacturing excellence, Macktiles Lanka (Private) Limited has achieved what was once considered impossible: creating authentic real porcelain tiles using exclusively Sri Lankan minerals. The island’s extraordinary geological wealth has now proven its potential extends far beyond traditional applications, with Macktiles unlocking the manufacturing capabilities of […]