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Technical Glitch Halts Stock Market Opening; Trading Delayed
Regular trading on the stock exchange was delayed this morning following a technical issue tied to the suspension of long-inactive accounts, officials confirmed. Standard market operations finally commenced at 11:00 a.m. after an extended pre-open session. The disruption stemmed from an operation by the Central Depository System (Pvt) Ltd. (CDS) on June 30, 2026. In […]
UN Subcommittee on Prevention of Torture Concludes Second Visit to Sri Lanka
The United Nations Subcommittee on Prevention of Torture (SPT) concluded its second visit to Sri Lanka on 24 June 2026. The visit took place from 15 to 24 June 2026. During the visit, the four-member delegation of the SPT met the Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, and the Minister of […]
World Bank Approves $150 Million to Fuel Sri Lanka’s Economic Growth and Resilience
In a major move to transition Sri Lanka from economic stabilization to long-term development, the World Bank’s Board of Executive Directors has approved US$150 million in financing to back the country’s comprehensive reform agenda. The funding is part of the Sri Lanka Reforms for Growth, Resilience and Openness Development Policy Operation (REGROW DPO). This initiative […]
Sri Lanka’s inflation hits 6.8-pct in June
Sri Lanka’s inflation problem isn’t going away anytime soon. June’s headline number came in at 6.8% year-on-year, up from 5.5% in May, and the drivers are exactly what most people already feel when they fill up their tank or do their weekly grocery run. Energy costs remain the main villain here. The Middle East conflict […]
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 […]