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Central Bank Governor to Address Ceylon Chamber’s 186th AGM
The Ceylon Chamber of Commerce will hold its 186th Annual General Meeting on Wednesday, 26th June 2025, at 5.30 PM at The Studio, Cinnamon Life. Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka, will attend as Chief Guest, addressing the business community at a time when economic resilience and reform remain key […]
VIDEO: Air India plane crashes shortly after take off in Ahmedabad; more than 200 killed
An Air India plane has crashed shortly after taking off from Ahmedabad airport in western India, local media has reported. Air India said on Thursday that Flight AI171, a passenger flight to London Gatwick airport, was “involved in an incident”. “At this moment, we are ascertaining the details and will share further updates,” Air India […]
CBSL Extends Relief Measures for Affected SMEs, Offers Further Concessions
The Central Bank of Sri Lanka (CBSL) has announced an extension of relief measures and additional concessions for Small and Medium Enterprises (SMEs) that have been adversely affected in the recent past. This move aims to facilitate the sustainable revival of these businesses. Licensed commercial banks and licensed specialized banks have been advised by the […]
First Deputy Managing Director of the International Monetary Fund to Visit Sri Lanka
Dr. Gita Gopinath, the First Deputy Managing Director (FDMD) of the International Monetary Fund (IMF), is scheduled to visit Sri Lanka from 15-16 June 2025. This visit is significant, as it marks the first time since 2005 that a serving FDMD of the IMF visits Sri Lanka. During this visit, Dr. Gopinath will be the […]
Pelwatte Dairy Launches First-Ever Pension Scheme for Sri Lankan Dairy Farmers
In a historic move that redefines rural financial security, Pelwatte Dairy Industries has announced the launch of Sri Lanka’s first pension scheme for dairy farmers, reinforcing its commitment to both national self-sufficiency and the welfare of the farming community. Pelwatte Dairy, one of Sri Lanka’s foremost homegrown dairy brands, has long been a pillar in […]
PUCSL Announces 15-pct Overall Electricity Tariff Increase Effective Tonight
The Public Utilities Commission of Sri Lanka (PUCSL) announced today a 15% increase in electricity tariffs, effective from June 12, 2025. This decision follows a comprehensive review of utility bills and public feedback submitted by the Ceylon Electricity Board for the June to September 2025 period. Despite this immediate increase, the PUCSL emphasizes that the […]
Global Economy Set for Weakest Run Since 2008 Outside of Recessions: World Bank
Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. The turmoil has resulted in growth forecasts being cut in nearly 70% of all economies—across all regions and income groups. Global […]
Colombo’s evolving retail landscape: A vision for Rajagiriya
In the last few decades, Colombo’s skyline has been steadily reshaped by the rise of shopping malls, architectural symbols of economic aspiration, and urban transformation. From the modest beginnings of Liberty Plaza in the 1980s to the ambitious scale of One Galle Face , Colombo City Center and Cinnamon Life, malls have become embedded in […]
Sri Lanka targets energy security via Mullikulam & Hayleys Fentons, unlocking Mannar wind power: Minister
Sri Lanka’s Energy Minister, Engineer Kumara Jayakody, reaffirmed the government’s commitment to fully harness the wind power generation potential of the Mannar region, aiming to overcome the nation’s energy challenges through strategic investment and the adoption of new technologies. The Minister’s statement came during a comprehensive visit to proposed and operational wind power plant sites […]
President to undertake an official visit to Berlin, Germany
President Anura Kumara Disanayaka will undertake an official visit to the Federal Republic of Germany from 11 to 13 June 2025 on the invitation of the President of Germany, Frank-Walter Steinmeier. During this visit President Disanayaka will hold bilateral discussions with the President of Germany, key ministers of the Federal Government and other dignitaries to […]