Author: LBO
Sri Lanka ratifies the ILO Convention on Violence and Harassment Convention, 2019 (No. 190)
On 16 April 2026, the Democratic Socialist Republic of Sri Lanka deposited the instrument of ratification of the Violence and Harassment Convention, 2019 (No. 190) with the International Labour Office. Sri Lanka is the 55th Member State of the International Labour Organization to ratify Convention No.190 In depositing the instrument of ratification, the Permanent Representative of […]
Coal Imports, Plant Efficiency in Focus as Presidential Commission Begins Work
President Anura Kumara Dissanayake has appointed a Special Presidential Commission to investigate alleged irregularities in Sri Lanka’s coal importation and coal-based power generation, in a move that signals tighter scrutiny of a critical and often contentious sector. The Commission, established under the Special Presidential Commissions of Inquiry Act, will examine activities spanning from the inception […]
Vice President of India Shri C. P. Radhakrishnan to undertake an official visit to Sri Lanka
The Vice President of India Shri C. P. Radhakrishnan is scheduled to undertake an official visit to Sri Lanka from 19 to 20 April 2026. During this visit, Vice President Radhakrishnan will hold bilateral discussions with President Anura Kumara Disanayake and Prime Minister Dr. Harini Amarasuriya in a continuation of the recent high-level diplomatic engagements which reinforce the longstanding ties […]
New CSE Branch Brings Galle Direct Access to Capital Market
The Colombo Stock Exchange (CSE) officially opened its Galle Branch to the public, further strengthening its countrywide presence. The branch was inaugurated by Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) Senior Professor D.B.P.H Dissabandara, Chairman of CSE Mr. Dimuthu Abeyesekera and Chief Executive Officer of CSE Mr. Rajeeva Bandaranaike in the […]
Mahindra Ideal Finance Ltd Celebrates Debenture Listing at the Colombo Stock Exchange
Mahindra Ideal Finance Ltd (MIFL) recently marked the official listing of its inaugural debentures and debut listing on the Colombo Stock Exchange (CSE) with a bell ringing and market opening ceremony held at the CSE trading floor, symbolising a key milestone in the company’s capital market journey and its commitment to transparency and strong governance.The […]
Fitch Downgrades National Development Bank’s National Rating to ‘A-(lka)’; Outlook Negative
Fitch Ratings has downgraded National Development Bank PLC’s (NDB) National Long-Term Rating to ‘A-(lka)’ from ‘A(lka)’. The Outlook is Negative. Fitch has also downgraded the rating assigned to NDB’s Basel III-compliant subordinated debentures to ‘BBB(lka)’ from ‘BBB+(lka)’. Key Rating Drivers Fraud Elevates Credit Profile Risks: The downgrade reflects NDB’s weakened credit profile relative to that […]
Committee on Public Finance Raises NDB Bank Fraud with Central Bank
The Committee on Public Finance (CoPF) met on 07th April 2026 under the chairmanship of Hon Member of Parliament Dr. Harsha de Silva. The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe, along with members of the Governing Board, the Monetary Policy Board, and senior officials, attended the meeting as part […]
IMF Staff Reaches Staff-Level Agreement on the Combined Fifth and Sixth Reviews under Sri Lanka’s EFF Arrangement
An International Monetary Fund (IMF) mission team led by Mr. Evan Papageorgiou visited Sri Lanka from March 26 to April 9, 2026, to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the Extended Fund Facility (EFF) arrangement. At the end of the mission, Mr. Papageorgiou issued the following statement: “IMF […]
Kaspersky detects 14 million local malware incidents in Sri Lanka in 2025
Sri Lanka experienced 14,960,244 local malware incidents on user computers during 2025, with 37.4% of users in the country attacked by threats spread through removable USB drives, CDs, DVDs and other offline methods, according to the latest Kaspersky Security Bulletin. This places Sri Lanka in the 48th position worldwide for local threat exposure. The data […]
Ceylon Chamber of Commerce Announces Leadership Transition; Shiran Fernando Appointed Secretary General/CEO
The Ceylon Chamber of Commerce announces a planned and orderly leadership transition, underscoring its commitment to strong governance, leadership continuity, and long-term institutional stability. Accordingly, Mr. Shiran Fernando has been appointed Secretary General and Chief Executive Officer, effective 8th May 2026, succeeding Mr. Buwanekabahu Perera, who will conclude a three-year tenure at the helm of […]
Sri Lanka’s first 100-pct enewable energy recycling center in plantation sector unveiled by the Coca-Cola Foundation
The first zero-emission Material Collection and Processing Facility in Sri Lanka was officially inaugurated under the SWYFT Project. This initiative is funded by The Coca-Cola Foundation (TCCF), implemented by Janathakshan, with Neptune Recyclers serving as the recycling partner, in collaboration with Talawakelle Plantation. The Somerset ECO Material Collection & Processing Center was officially opened on […]
International Solar Alliance Operationalises Country Partnership Strategy Through High-Level SL Mission
The International Solar Alliance (ISA) is undertaking a high-level mission to Sri Lanka from6 to 9 April 2026, led by Director General Mr Ashish Khanna, to advance the operationalisation of the ISA–Sri Lanka Country Partnership Strategy (CPS) and accelerate the country’s solar deployment agenda. The mission focuses on four key outcomes: formal endorsement of the […]