Author: Gayan Chandrasekara
Sri Lanka’s Exports Surpass US$ 13.6 Bn in the First Nine Months of 2026, Recording 5% Growth
Sri Lanka’s total exports have reached US$ 13.61 Bn during the first nine months of 2026, recording a year-on-year growth of 5.04% compared with US$ 12.96 Bn in the corresponding period of 2025. This positive performance reflects the continued expansion of the country’s export sector, supported by growth in both merchandise and services exports. According […]
Government Moves to Pass Public-Private Partnership Bill to Boost Investment Infrastructure
The Cabinet of Ministers has granted approval to publish the Public-Private Partnership Bill in the Government Gazette and subsequently present it to Parliament for final legislative sanction. This decision, submitted as a proposal by the President in his capacity as the Minister of Finance, Planning, and Economic Development, was formally announced in the Cabinet media […]
Govt Tightens Import Regulations to Shield Domestic Tire Manufacturers
Under the banner of ensuring a fair playing field for domestic industries, the government has moved to enforce strict quality compliance on imported motor vehicle tires. Acting on recommendations from the Ministry of Industry and Entrepreneurship Development, the Cabinet of Ministers has approved a proposal submitted by the President—in his capacity as the Minister of […]
China Merchants Port, Access Engineering & Sri Lanka Ports Authority Pull the Plug on South Asia Logistics Hub
China Merchants Port Holdings Company Limited has officially terminated the South Asia Commercial and Logistics Hub project in Sri Lanka following a mutual agreement among all project partners. According to a company announcement released on October 15, 2026, the company’s wholly-owned subsidiary, FCGL, alongside Access Engineering and the Sri Lanka Ports Authority, signed a settlement […]
Government Awards Rs. 1.07 Billion Contract to Upgrade Kandy-Jaffna Road Section
Sri Lanka’s Cabinet of Ministers has approved the awarding of a Rs. 1.07 billion contract to M/s Tudawe Brothers (Pvt) Ltd. for the widening and improvement of a critical stretch along the Kandy-Jaffna (A009) road. The infrastructure project forms part of the national highway expansion and improvement program, targeting the road section from kilometer 58+240 […]
Government to Draft Revised State Assets Management Bill, Halting 2024 Draft
Sri Lanka’s Cabinet of Ministers has approved a proposal to suspend further action on the previously published State Assets Management Bill and instruct the Legal Draftsman to prepare a revised draft incorporating recommendations from a technical expert committee. The initial bill had received Cabinet approval on July 22, 2024, to be published in the Government […]
Sri Lanka Accelerates Renewable Energy Transition, Grid Upgrades, and Competitive Tariff Reforms
Sri Lanka is aggressively scaling up its renewable energy capacity while overhauling power procurement and transmission infrastructure to ensure stable, cost-effective electricity for industrial and domestic consumers, President Anura Kumara Dissanayake announced during the Sri Lanka Economic and Investment Summit 2026. Addressing business leaders, President Dissanayake highlighted that renewable sources now account for 69 percent […]
Government Re-evaluates Private Fuel Distribution Contracts Amid Subsidy Extensions and Market Disruption
Sri Lankan President Anura Kumara Dissanayake announced that the government is reviewing initial contractual agreements signed with private fuel distributors to address supply bottlenecks and pricing disparities between private retail outlets and the state-owned Ceylon Petroleum Corporation (CPC). Addressing business leaders at the Sri Lanka Economic and Investment Summit 2026, President Dissanayake outlined the fiscal […]
Sri Lanka Outlines Strategic Development Plans for Colombo Port East and West Terminals
Sri Lanka is preparing to revamp its maritime infrastructure by bringing in international shipping lines for terminal operations and advancing major expansion projects at the Port of Colombo, President Anura Kumara Dissanayake announced during the Sri Lanka Economic and Investment Summit 2026. Addressing the forum, President Dissanayake highlighted that while the state will retain ownership […]
Sri Lanka’s Economy Reaches Pre-Crisis Levels but Recovery Uneven, says World Bank Group
Sri Lanka’s economy reached a significant milestone, reaching pre-crisis levels. But the recovery remains incomplete and uneven, with household incomes and labor market outcomes still lagging the broader economic rebound, says the World Bank Group in its twice-yearly economic outlook. Released today, the latest Sri Lanka Development Update, From Recovery to Transformation, projects Sri Lanka’s […]
Sri Lanka’s Exports Surpass US$ 12 Bn in First Eight Months of 2026
Sri Lanka’s export sector has surpassed the US$ 12 Bn mark during the first eight months of 2026, with total exports reaching US$ 12.01 Bn, an increase of 4.26% compared with US$ 11.52 Bn recorded during the corresponding period of 2025. The growth reflects continued momentum in Sri Lanka’s export performance, with both merchandise and […]
Fitch Upgrades Sri Lanka to ‘B-‘ from ‘CCC+’; Outlook Stable
Fitch Ratings has upgraded Sri Lanka’s Long-Term Issuer Default Ratings (IDRs) to ‘B-’ from ‘CCC+’. The Outlook is Stable. The upgrade reflects the implementation of macro-stabilization policies, underpinned by structural reforms, which have eased external financing risks and provide a degree of resilience to shocks. This is reflected by sharp improvements in fiscal and external […]