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U.S. and Sri Lanka Mark 20 Years of Port Security Cooperation with Colombo Radiation Detection Upgrade
U.S. Ambassador to Sri Lanka Julie Chung commissioned new radiation detection equipment at Port of Colombo on Friday, March 28, provided by the U.S. Department of Energy/National Nuclear Security Administration (DOE/NNSA)’s Office of Nuclear Smuggling Detection and Deterrence (NSDD) through its Megaports Initiative. The equipment, valued at approximately $500,000 (Rs. 148 million), will be used […]
Human Development progress slows to a 35-year low according to UN Development Programme report
Human development progress is experiencing an unprecedented slowdown according to a new report released today by the United Nations Development Programme (UNDP). The report shows how Artificial Intelligence (AI) could reignite development. Instead of seeing sustained recovery following the period of exceptional crises of 2020-2021, the report reveals unexpectedly weak progress. Excluding those crisis years, […]
Civil society organizations Urge Government to Recommit to Open Government Partnership Amid Risk of Expulsion
As co-conveners of the Civil Society Organizations (CSOs) of the Open Government Partnership (OGP) process in Sri Lanka, Transparency International Sri Lanka (TISL) and the Sarvodaya Shramadana Movement express deep concern over the government’s continued lack of commitment to participatory governance. This inaction jeopardizes Sri Lanka’s membership in the OGP and starkly contradicts the government’s […]
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Fitch Ratings has assigned Seylan Bank PLC’s (A+(lka)/Stable) proposed Sri Lankan rupee-denominated, Basel III-compliant subordinated debentures of up to LKR15 billion an expected National Long-Term Rating of ‘A-(EXP)(lka)’. The proposed debentures, which will have maturities of five, seven and 10 years, will be listed on the Colombo Stock Exchange. The bank plans to use the […]
RIUNIT suburban real estate update: Rajagiriya
A residential oasis Rajagiriya, once a quiet Colombo suburb was initiallyflagged in the RIUNIT Real Estate Market report in 2014 as having one of the highest growth potentials amongst all the suburbs in the Western Province. Since then, the area has consolidated its position as a high-growth real estate hub, leveraging its strategic urban proximity […]
CSE and NCE Partner to Empower Sri Lankan Exporters
The Colombo Stock Exchange (CSE) and the National Chamber of Exporters of Sri Lanka (NCE) entered into a strategic partnership to support Sri Lankan exporters by enhancing their access to capital market opportunities and broadening visibility for their businesses. The partnership agreement was signed by Mr. Shiham Marikar, Secretary General / CEO, The National Chamber […]
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Fitch Ratings has assigned Bank of Ceylon’s (BOC, CCC+/CCC+/AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR15 billion a final National Long-Term Rating of ‘A(lka)’. The final rating is the same as the expected rating assigned on 2 April 2025, as it follows the receipt of documents conforming to information already […]
Positively considering GSP+ review, says Charles Whiteley, Head of South Asia Division of EU
The Head of South Asia Division, European External Action Service of the European Union Mr. Charles Whiteley stated that the European Union has a favorable perspective on the current GSP+ review process. He made these remarks during a meeting held today (30) at the Presidential Secretariat with President Anura Kumara Disanayake, as part of an […]
Sri Lanka Ports Authority Welcomes MSC MARIELLA – The Largest Container Vessel Ever to Call at Sri Lanka
Marking a historic milestone for Sri Lanka’s maritime industry, the ultra-large container vessel (ULCV) MSC MARIELLA, one of the largest container vessels in the world and the largest in the MSC fleet, made its maiden call at the Colombo East Container Terminal (CECT) of the Sri Lanka Ports Authority (SLPA) at the Port of Colombo […]
IGT 1 officially on-boards at Business Centre at Port City Colombo
IGT 1 Outsourcing Lanka (Private) Ltd, hereafter referred to as ‘IGT 1 Lanka’, the subsidiary of IGT Holding I Sweden AB, and sister company of IFS Sri Lanka, recently signed an agreement to officially on-board as office tenant at the Business Centre at Port City Colombo. The leasing agreement was signed by Sal Laher, IGT […]