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USAID Collaborates With Open University to Offer First Certificate Program in Migration Law and Policy
The United States through the United States Agency for International Development (USAID) is proud to announce the successful completion of the first certificate program in migration law and policy in Sri Lanka by 69 professionals who now have the tools and knowledge to take the fight against human trafficking back to their communities. The six-month […]
” Capital Market Investor Forum Set for March 2025 in Colombo
The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) in association with the Stock Broker industry, will host the “Invest Sri Lanka” Capital Market Investor Forum on 27th and 28th March 2025, at the Shangri-La Hotel in Colombo. The event is aimed at promoting investment in the Sri Lankan […]
‘s November Exports Reach USD 1.27 Bn Amidst Minimal Growth
Total exports for November 2024, including both merchandise and services, were recorded at US$ 1,269.33 million, reflecting a marginal increase of 0.04% compared to the same period in 2023. As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in November 2024 amounted to US$ 943.1 million, reflecting a 5.6% […]
HIP Witnesses Shift in Cruise Ship Origins with European Vessels Leading as Indian Arrivals Decline in 2024
Hambantota International Port (HIP) saw a modest increase in cruise ship arrivals in 2024, with a notable shift in the origins of the vessels. There was a decline in ships from the Indian subcontinent, while arrivals from Europe rose significantly. Of the 23 cruise ships that docked at HIP, only six were from India, while […]
Opinion: Untold Lessons – Economic Insights from History for Sri Lanka’s Crisis
by M. Rizwan Muzzammil With a new government in power, Sri Lanka finds itself grappling with immense economic challenges. The burden of enormous debts continues to weigh heavily on a fragile economy, necessitating robust growth to overcome these hardships. However, achieving such growth is complicated by a governmental predisposition toward centralised economic control, rooted in […]
Chinese People’s Liberation Army Navy hospital ship ‘Peace Ark’ arrives in Colombo
The Chinese People’s Liberation Army Navy hospital ship ‘Peace Ark’ arrived in Colombo on a formal visit on 21st December 2024. The visiting ship was welcomed by the Sri Lanka Navy in compliance with naval traditions. ‘Peace Ark’ is a 178m long hospital ship, crewed by 310 personnel under the command of Captain Deng Qiang. […]
” from Restricted Default
Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default). Fitch typically does not assign an Outlook to sovereigns with a rating of ‘CCC+’ or below. Fitch has also upgraded the Local-Currency IDR to ‘CCC+’, from ‘CCC-‘, to align with the Long-Term Foreign-Currency IDR, as the risk […]
Sri Lanka to Establish Doppler Weather Radar at Puttalam with JICA Funding
Sri Lanka is set to establish a Doppler weather radar in Puttalam, thanks to funding from the Japan International Cooperation Agency (JICA). This initiative is part of a broader effort to improve the country’s weather prediction and disaster preparedness. The island nation, surrounded by vast sea areas like the Bay of Bengal, the Arabian Sea, […]
CSE announces changes to S&P Sri Lanka 20 index constituents
The Colombo Stock Exchange (CSE) announces the following changes to the S&P Sri Lanka 20 index constituents as part of the 2024 Year-End Rebalance, conducted by S&P Dow Jones Indices. The exclusions and inclusions, as announced by S&P Dow Jones Indices, will take effect from 23rd December 2024, following the market close on 20th December […]
Sri Lanka’s first 12-hour endurance karting championship concluded at SpeedBay!
The much-anticipated SpeedBay 12-Hour Endurance Karting Championship 2024 was held for the first time in Sri Lanka last Saturday (October 19) at SpeedBay, Bandaragama. Twelve teams battled for a spot on the podium, showcasing a talented mix of drivers and team managers. Each team could field up to 6 drivers, making teamwork and strategy critical. […]