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CBSL Updates Export Proceeds Rules; Mandates Monthly Rupee Conversion
The Central Bank of Sri Lanka (CBSL) has issued updated regulations governing the repatriation and utilization of export proceeds. Signed by CBSL Governor Nandalal Weerasinghe as Chairperson of the Governing Board, the new directive introduces strict timelines for exporters to convert their residual foreign currency earnings into Sri Lanka Rupees. The rules, officially titled the […]
Sri Lanka and France strengthen bilateral relations at second round of political consultations
The Second round of Political consultations between Sri Lanka and France was held on 9th June 2026, virtually. The consultations were co-chaired by Director-General of the Europe and North America Division of the Ministry of Foreign Affairs, Foreign Employment and Tourism of Sri Lanka, Sugeeshwara Gunaratna and Director for Asia & Oceania in the Ministry for Europe […]
CJS and Dr. Asha de Vos celebrate Sri Lanka’s oceans with limited-edition whale shark pendant
In celebration of World Oceans Day, Colombo Jewellery Stores (CJS) in partnership with Oceanswell, spearheaded by renowned marine biologist, Dr. Asha de Vos, have launched a Limited-Edition Whale Shark Pendant. Limited to just 100 individually numbered pieces, the Pendant marks the fifth species celebrated through this pioneering collaboration, which has combined fine jewellery with marine […]
Justice Ministry Warns Against Coroner Bribes; Public Urged to Report Misconduct
The Ministry of Justice and National Integration has issued a strong reminder to the public that coroners are appointed under Section 108 of the Code of Criminal Procedure to facilitate the judicial process and provide a dignified service to families of the deceased. Coroners serve in an honorary capacity and are expected to provide their […]
Sri Lanka Tourism Revenues Stable, Minister Clarifies
Sri Lanka’s tourism revenues have not declined, Foreign Minister Vijitha Herath told Parliament on Tuesday, explaining that recent figures reflect a shift to internationally recognized survey methodologies rather than a downturn in earnings. “The actual dollar amount spent by a foreign tourist in Sri Lanka has been accurately determined, and there has been no major […]
Janashakthi Life Extends entry age to 80, Extending availability of protection when most needed
Janashakthi Life, a leading brand in the insurance industry and a flagship brand of JXG (Janashakthi Group), has introduced a landmark innovation in life insurance, launching a new benefit that extends protection beyond traditional age limits and redefines long-term financial security for Sri Lankan customers. In a first for the local insurance industry, Janashakthi Life […]
Japan and FAO Partner with Sri Lanka to Restore Inland Fisheries in Ditwah Affected Eastern Province
The Government of Japan and the Food and Agriculture Organization of the United Nations (FAO), in partnership with the Government of Sri Lanka, have launched a joint initiative to restore inland fisheries livelihoods and strengthen the resilience of cyclone-affected fishing communities in Sri Lanka’s Eastern Province. The initiative was formally signed by H.E. Akio Isomata […]
Sri Lanka’s largest battery energy storage programme to strengthen grid stability and accelerate renewable energy integration
Sri Lanka is set to commission battery energy storage capacity across 16 substation sites nationwide, marking the country’s largest energy storage programme to date. The initiative represents a significant step in strengthening the national grid and supporting the country’s transition toward a cleaner and more resilient energy system. Each Battery Energy Storage System (BESS) is […]
Flavours of a new Colombo: Inside the dining experiences of City of Dreams
Colombo has long been known for its diversity of flavour. From bustling street food corners to fine dining establishments overlooking the Indian Ocean, the city’s culinary identity has steadily evolved alongside its growing cosmopolitan character. Yet with the arrival of City of Dreams Sri Lanka, Colombo’s food scene has entered an entirely new era one […]
Sri Lanka Economic and Investment Summit Returns on 12-13 October for 26th Edition
The Ceylon Chamber of Commerce is pleased to announce that the 26th edition of the Sri Lanka Economic and Investment Summit will be held on 12 and 13 October 2026, with preparations now being finalised, as the country’s foremost economic policy forum returns for another year of dialogue on issues of national importance. Engagements with […]
Oil Crisis Hits World Growth Outlook as Forecasts Revised Down: Fitch Ratings
World growth prospects have been hurt by the oil crisis prompted by the US-Iran war, Fitch Ratings says in its latest Global Economic Outlook (GEO). This has led to Fitch lowering its 2026 forecast for global growth by 0.2pp to 2.4%. Forecast cuts have been widespread as higher inflation squeezes real wages, dampens consumption and […]
Oil Market Will Return to Oversupply Once Hormuz Reopens: Fitch Ratings
The Hormuz strait closure created a logistical supply shock but does not alter the direction of the market, Fitch Ratings says in a new report. A rapid production recovery in the region, strong non-OPEC growth and potentially more aggressive OPEC policy are likely to re-establish oversupply in 4Q26 and drive prices lower once the strait […]