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Sri Lankan Insurers to Tackle Profitability Pressure with Key Shifts: Fitch Ratings
Underwriting profitability for Sri Lankan non-life insurers will gradually improve as they enhance practices and shift focus to more profitable non-motor segments, Fitch Ratings says in a new report. This shift includes adjusting policy pricing, particularly for motor and medical insurance, to better cope with inflation and rising claim costs. Motor insurance profitability faces challenges […]
TRCSL Approves Starlink Satellite Broadband Tariff Plans
The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has officially given the green light to tariff plans for ‘Starlink’ satellite broadband services, which will be deployed through ‘Starlink’ Lanka (Private) Ltd.
SLT-MOBITEL completes historic SEA-ME-WE 6 Submarine Cable landing in Matara
SLT-MOBITEL has successfully landed the SEA-ME-WE 6 (Southeast Asia-Middle East-Western Europe 6) submarine cable in Matara, Sri Lanka on December 29, 2024, achieving a historic breakthrough in Sri Lanka’s telecommunications infrastructure. The cable system will be in commercial operation by mid-2026. The Matara landing was completed in collaboration with Subcom LLC, USA, and under an […]
‘s “Clean Sri Lanka” Programme
The Japan International Cooperation Agency (JICA) will continue its financial and technical assistance to Sri Lanka without interruption, stated HARA Shohei, Senior Vice President of JICA. This assurance was revealed during a meeting held today (07) at the Presidential Secretariat between President Anura Kumara Disanayake and HARA Shohei. During the discussion, attention was drawn to […]
Foreign Minister launches e-service for copies of Birth, Marriage & Death certificates for overseas Sri Lankans
Foreign Minister Vijitha Herath in partnership with the Registrar General’s Department launched the pilot project to facilitate overseas Sri Lankans to obtain certified copies of birth, marriage, and death certificates through Sri Lanka Missions abroad. The system provides Missions access to the e-BMD database (electronic – Birth, Marriage and Death certificate Database) of the Registrar […]
Discussion between President and Attorney General on Controversial Legal Proceedings
President Anura Kumara Disanayake held a discussion with the Attorney General and officials from the Attorney General’s Department at the Presidential Secretariat yesterday (06). During the discussion, the President emphasized the importance of coordinated efforts among all institutions working towards the effective enforcement of the law. President Disanayake highlighted the critical responsibility of the Attorney […]
SLPA Achieves Record-Breaking Container Throughput in 2024 Despite Competition
In 2024, the Sri Lanka Ports Authority (SLPA) terminals achieved a record-breaking throughput of 2.41 million TEUs amidst intense competition. SLPA alone contributed 2,413,012 TEUs, underscoring its crucial role in the port’s performance despite ongoing construction at both terminals. The Port of Colombo, in conjunction with other terminals, also reached a historic milestone with a […]
VIDEO: Withholding Tax Hike, A System Inefficiency – Tax Experts
In this insightful discussion, tax experts N. R. Gajendran and Suresh Perera analyze how the new reforms will affect the general public and the broader economy. N. R. Gajendran, highlights that while the government has promised to provide relief to individuals who were unfairly taxed, the practical implementation of this promise is fraught with challenges. […]
‘s Trade Winds – Navigating the Currents of Climate Change
By Imesha Dissanayake Introduction Sri Lanka known for its biodiversity and strategic location, is increasingly challenged by the global climate crisis. With rising temperatures, extreme weather, and sea-level rise, the country faces disruptions across key economic sectors, particularly agriculture, tourism, and manufacturing. This article explores how trade policies can integrate climate action to transform vulnerabilities […]
New perceptions study: Sri Lanka excels in tourist visa accessibility, boosting global tourism appeal
Sri Lanka comes in 33rd globally for ‘easy to get visa’. Colombo climbs six places to come in 57th for ‘leader in science and technology’. Sri Lanka’s capital ranks 74th for ‘accessible and good quality healthcare’. London, New York, and Paris remain world’s top 3-ranked cities across all metrics, as Tokyo and Dubai rise to […]