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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 […]
Capital Market Content to Be Integrated into Proposed Financial Literacy Curriculum
A seminar on “Financial Literacy” was held on 18th July 2025 at the Ministry of Education, providing a platform for stakeholders involved in ongoing education sector reforms to contribute to the integration of financial literacy into the school curriculum. The initiative was spearheaded by Hon. Prof. Anil Jayantha Fernando, Minister of Labour and Deputy Minister […]
The Once and Future Industrial Northern Province
By Jekhan Aruliah The Chamber of Commerce and Industries of Yarlparnam, CCIY, was born in the short period of optimism in 1999. When the Sri Lankan Civil War, at that time already aflame for 16 years, seemed to be heading toward a settlement. Opposing sides were sitting at the same negotiating table. That optimism was […]
Land Prices Surge Up to 20-pct as Real Estate Market Responds to Lower Rates & Economic Stability: report
Sri Lanka’s real estate sector is demonstrating robust signs of recovery and renewed investor confidence in 2025, buoyed by a stabilizing economy and favorable market conditions. The latest “Real Estate Market Outlook Report 2025 (REMOR25)” by LankaPropertyWeb (LPW) highlights a significant resurgence across the property landscape, with key indicators pointing towards sustained growth. One of […]
Trinasolar partners Solaris Energy to deliver 25MWp of utility-scale solar across Sri Lanka
Trinasolar, a global leader in smart PV and energy storage solutions, signed a Memorandum of Understanding (MOU) with Solaris Energy (Pvt) Ltd., a leading solar distributor in Sri Lanka, to collaborate on the supply and deployment of 25 megawatt-peak (MWp) of solar modules across the country. The agreement was formalized at SNEC 2025 in Shanghai, […]
Special Presidential Investigation Committee to Probe Fraud & Corruption at SriLankan Airlines & AASL
President Anura Kumara Dissanayake has appointed a Special Presidential Investigation Committee to probe alleged incidents of fraud, corruption and irregularities at SriLankan Airlines Limited and Airport and Aviation Services (Sri Lanka) (Private) Limited. The President met with the members of the Committee yesterday (22) at the Presidential Secretariat and engaged in a discussion with them. […]
Central Bank of Sri Lanka keeps Overnight Policy Rate unchanged at 7.75-pct
The Monetary Policy Board decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75% at its meeting held yesterday. The Board arrived at this decision after carefully considering both domestic and global developments. The Board is of the view that the current monetary policy stance will help steer inflation towards the […]