All Blogs
IMF tells Sri Lanka there is no room to ease up
Sri Lanka’s economic recovery, hard-won through years of painful reform, is now facing its next real test and the IMF’s latest visit makes clear that the country’s ability to hold steady will depend as much on discipline as it does on circumstance. An IMF mission team visited Colombo from 24 to 30 June 2026, assessing […]
Janathakshan and Coca-Cola Foundation conclude a high-impact plastic waste management project
Janathakshan GTE Ltd, with funding support from The Coca-Cola Foundation, has successfully concluded the project “Strengthening Women and Youth Engagement in Informal Waste Management in Sri Lanka (SWYFT)”. Running from August 2024 to May 2026 across the Kandy, Nuwara Eliya, Matale, and Kurunegala districts, this multi-district initiative significantly strengthened plastic waste management systems and championed […]
Sri Lankan drone startup Scouts closes investment round at LKR 1.6Bn valuation, gearing up to take on regional intelligent robotics market
Scouts, Sri Lanka’s pioneering intelligent drone and robotics company, has closed a funding round at a valuation of LKR 1.6 billion. In a market that has historically exported its engineering talent rather than retaining it, the round represents something more than a financing milestone. The company offers an economically viable solution for security, from small […]
Colombo Dockyard charts new course under Indian ownership as MDL partnership opens doors to regional maritime growth
Colombo Dockyard PLC (CDPLC) successfully concluded its 43rd Annual General Meeting (AGM) on 25 June 2026, marking its first AGM following the acquisition of a majority stake by Mazagon Dock Shipbuilders Limited (MDL), India. The Company said the new strategic alignment with MDL is expected to unlock fresh growth avenues, enhance technical capabilities, and strengthen […]
Accelerating SOE reforms & maintaining cost-recovery energy pricing are key to minimizing fiscal risks: IMF Staff Mission
Accelerating reforms in state-owned enterprises and ensuring energy prices reflect cost-recovery are essential to reducing fiscal risks, according to the IMF Staff Mission at the conclusion of its visit to Sri Lanka. The mission emphasized that, alongside these measures, authorities should focus on strengthening the targeting and coverage of social safety nets to safeguard vulnerable […]
Rangita De Silva De Alwis Re-elected to the Committee on the Elimination of All Forms of Discrimination Against Women
Sri Lanka’s candidate Professor Rangita De Silva De Alwis was re-elected to the UN Committee on the Elimination of All Forms of Discrimination Against Women (CEDAW) for a second consecutive term, 2027-2030, at the elections conducted during the 24th Meeting of the State Parties to the CEDAW Convention at the United Nations in New York on […]
Law Association for Asia & Pacific Sounds Alarm Over Proposed Changes to Sri Lankan Judicial Retirement Age
LAWASIA, the Law Association for Asia and the Pacific, has officially voiced grave concerns over the Sri Lankan government’s proposed constitutional amendment aimed at extending the retirement age of Supreme Court and Court of Appeal judges. In a formal statement released on June 26, 2026, the regional legal body warned that the ad hoc initiative […]
Sampath Bank Launches Sri Lanka’s First Real-Time USD Payment Solution for Sri Lanka Ports Authority Users
Sampath Bank PLC and the Sri Lanka Ports Authority (SLPA) have jointly launched Sri Lanka’s first real-time USD payment solution for the maritime industry, eliminating traditional manual payment processes and streamlining foreign currency transactions across the country’s shipping and logistics ecosystem. The initiative marks another industry-first innovation from Sampath Bank and a significant step forward […]
BASL Clarifies: No Official Representation Authorized for Arrested Lawyer
The Bar Association of Sri Lanka (BASL) has officially distanced itself from recent media reports suggesting it made legal representations on behalf of an attorney-at-law arrested by bribery investigators. In a clarification statement issued today, June 26, 2026, the BASL addressed reports surrounding a case at the Chief Magistrate’s Court of Colombo, where a lawyer […]
CSE Expands Footprint with New Gampaha Branch
The Colombo Stock Exchange (CSE) officially opened its Gampaha Branch to the public this Tuesday (23rd June), further strengthening its countrywide presence. The inauguration of the branch was officiated by the Chairman of the Securities and Exchange Commission (SEC) Senior Professor D.B.P.H Dissabandara, Director of the CSE Mr. Sujeewa Peiris, and CEO Mr. Rajeeva Bandaranaike, […]