Author: LBO
CoPF Chairman Harsha de Silva urges President to appoint an Auditor General
Dr. Harsha de Silva, Chair of the Committee on Public Finance (CoPF), has urged President Anura Kumara Dissanayake to immediately fill the Auditor General vacancy, which has been open since December 7. In a letter dated December 22, Dr. de Silva emphasized that the absence of an Auditor General disrupts constitutional mandates under Articles 148 […]
FIU Collects Rs. 9.5 Mn in Administrative Penalties from Reporting Institutions
The Financial Intelligence Unit (FIU) of Sri Lanka has collected Rs. 9.5 million in administrative penalties from reporting institutions between July and September 2025. These penalties were imposed under the Financial Transactions Reporting Act (FTRA), No. 6 of 2006, following non-compliance with AML/CFT regulations. In accordance with the law, penalty amounts were scaled based on […]
Ditwah causes widespread devastation to agriculture, fisheries & rural livelihoods in SL: FAO
Cyclone Storm Ditwah made landfall on 27 November 2025 and lingered over the country for nearly three days, bringing exceptionally heavy rainfall that triggered severe flooding and numerous landslides, resulting in widespread devastation nationwide. As of 16 December 2025, official reports confirm that more than 2.2 million people have been affected, representing about 10 percent […]
Constituent Change in the S&P Sri Lanka 20 Index
The Colombo Stock Exchange (CSE) announces the following change in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2025 Year End rebalance. The exclusion and inclusion as announced by S&P Dow Jones Indices, effective from 22nd December 2025 (after the market close of 19th December 2025) are presented below. […]
Exports Record USD 15.8 Bn as Sri Lanka Maintains Upward Trade Momentum
Sri Lanka’s export sector has continued its strong upward trajectory, recording a significant 5.8 % y-o-y growth during the period from January to November 2025. Based on Sri Lanka Customs statistics and estimated export figures for Gems & Jewellery, Petroleum Products and services, total exports reached US$ 15,776.36 Mn, the performance signals sustained growth and […]
IMF Executive Board Approves USD206 Mn in Emergency Financial Support for Sri Lanka
The Executive Board of the International Monetary Fund (IMF) approved a disbursement of SDR150.5 million (about US$206 million, equivalent to 26 percent of quota) for Sri Lanka under the Rapid Financing Instrument (RFI). This emergency support will help address urgent balance-of-payments and fiscal pressures arising from the catastrophic Cyclone Ditwah, which hit the country on […]
World Bank Group & Sri Lanka Partner to Improve Digital Services & Grow Digital Economy
The World Bank Board of Executive Directors today approved a $50 million project to support Sri Lanka’s digital transformation. The project will promote innovation and investment in Sri Lanka’s digital sector, modernize government services, and make them easier to access and more responsive to the needs of people and businesses. The Sri Lanka Digital Transformation Project will […]
Kaspersky reveals over 3.9m local malware incidents in Sri Lanka
As cyber threats continue to grow in scale globally, new data highlights that local malware infections remain a persistent risk for users in Sri Lanka. According to Kaspersky, which detected an average of half a million malicious files every day worldwide in 2025, offline infection vectors continue to contribute significantly to the regional threat landscape. […]
MAP: Flood Impacts on Agriculture Across Sri Lanka
New data from the Department of Agriculture, compiled with FAO support, highlights the scale of flood impacts on agriculture across Sri Lanka. The maps show flood-affected areas of paddy, vegetables, and other field crops, with the most significant damage concentrated in several major agricultural districts. These impacts threaten livelihoods, food production, and household food security, […]
Lion Brewery reaffirms commitment to flood resilience and community support in Biyagama
Lion Brewery (Ceylon) PLC (Lion) reaffirmed its commitment to strengthening community partnerships through its flood response efforts and ongoing work to build long-term flood resilience and community support in Biyagama, home to the Company’s core operations. During the recent floods along the Kelani River, Lion supported the Biyagama community throughout the emergency response and recovery […]
Subsidiary of Commercial Bank of Ceylon, CBC Finance Lists on Colombo Stock Exchange
CBC Finance Ltd, a subsidiary of the Commercial Bank of Ceylon PLC commemorated its listing on the Colombo Stock Exchange (CSE) by way of the issuance of LKR 1.5 bn worth of debentures by the ceremonial ringing of the market opening bell on the CSE trading floor. CBC Finance Ltd raised LKR 1.5 Bn on […]
Sri Lanka records 5.4-pct GDP growth rate for third quarter of 2025
The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product (GDP) at current price and at constant (2015) price in Production approach and the other macroeconomic indicators for the third quarter (1st July to 30th September) of 2025. The GDP for the third quarter of 2025 at constant price […]