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CBSL Initiates Resolution Action on Nation Lanka Finance PLC
The Central Bank of Sri Lanka (CBSL) announced today its decision to initiate resolution action on Nation Lanka Finance PLC (NLFP), a Licensed Finance Company, effective immediately. This decisive step has been taken due to NLFP’s persistent violations of the Finance Business Act, No. 42 of 2011 (FBA), and various related Directions and Rules, coupled […]
EFutures honoured with dual wins at SLASSCOM National Ingenuity Awards
EFutures, a leading Sri Lankan software product engineering company, has been recognised with two prestigious honours at the SLASSCOM National Ingenuity Awards 2025, winning Best Innovative Product – Transportation and Logistics at both the Western Provincial and National levels. Presented by SLASSCOM, the national chamber for Sri Lanka’s IT and BPM industry, the annual awards […]
Shah Rukh Khan to grace grand opening of City of Dreams Sri Lanka
Get ready, South Asia! The undisputed King of Bollywood, Shah Rukh Khan, is set to make a spectacular visit to Sri Lanka, gracing the highly anticipated grand opening of City of Dreams Sri Lanka on August 2, 2025, as special guest. Popularly regarded as “King Khan”, the presence of the multi-award-winning superstar at the by- […]
Why Sri Lanka needs a smarter approach to tobacco tax policy
Sri Lanka’s tobacco taxation strategy is facing renewed scrutiny as authorities navigate the dual priorities of public health and revenue generation. Central to recent tobacco tax policy discussions is the Tobacco Excise Tax Simulation Model (TETSiM)—a policy planning tool promoted by the World Health Organization (WHO) and adopted in several countries to project how adjustments […]
SLT-MOBITEL partners AI Pazz, Sri Lanka’s First AI-Powered Legal Research Platform
In a landmark move set to redefine legal research in Sri Lanka, SLT-MOBITEL Mobile has partnered with Redblocks AI (Pvt) Ltd to launch AI Pazz, the country’s first-ever AI-powered legal research platform featuring Sri Lanka’s largest and the most up-to-date digital legal library, to offer unprecedented access to advanced legal research tools. This revolutionary platform […]
Heads of Several Prominent Indian Companies Explore Investment Opportunities in Sri Lanka
Indian entrepreneurs state that they are currently directing their attention towards new investment prospects in Sri Lanka, particularly in sectors like energy, infrastructure, the digital economy, tourism and agriculture, as well as on enhancing entrepreneurial capacity. A delegation of around 20 Indian entrepreneurs, comprising heads of several prominent Indian companies, is currently engaged in an […]
Banks Not Planning Widespread Parate Proceedings, Assures Sri Lanka Banks’ Association
The Sri Lanka Banks’ Association (SLBA), the collective voice of all licensed commercial banks in the country, today moved to quell alarmist claims regarding widespread parate proceedings now that the grace period for loan repayments has concluded. The SLBA firmly stated that banks have no intention of launching a flood of parate actions, emphasizing that […]
Sri Lanka Receives 2.5 mn USD from Japan to Strengthen Anti-Corruption Mechanisms
Corruption undermines sustainable development, the well-being of its citizens, their trust in institutions and tax morale. The cost of corruption is felt by all segments of society and the economy. Corruption significantly deters foreign investments, as it creates an unpredictable and risky business environment. Investors often perceive high levels of corruption as indicative of weak […]
‘s EFF, Unlocking USD350 Mn in Support
The International Monetary Fund (IMF) Executive Board has successfully completed the Fourth Review under Sri Lanka’s 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about USD 350 million). This latest disbursement brings the total IMF financial support provided to Sri Lanka so far to SDR 1.27 billion (about USD […]
TISL Launches Report on Sri Lanka’s Progress in Combating Corruption under UN Convention
Transparency International Sri Lanka (TISL), on 26 June 2025, released an independent Civil Society Report assessing Sri Lanka’s progress in fulfilling its commitments under the United Nations Convention Against Corruption (UNCAC), the first legally binding global instrument to combat corruption. Sri Lanka signed and ratified the UNCAC in 2004, committing to align national laws and […]