Category: Other
World Growth Holds Up, but Real Interest Rates Rise: Fitch Ratings
World growth is holding up well in the face of the energy price shock, but real interest rates are rising, Fitch Ratings says in its latest Global Economic Outlook. Fitch has raised its forecast for global GDP growth in 2026 by 0.2pp to 2.6%, down only marginally from 2025 and close to the long-run trend. […]
Supreme Court Mandates Referendum for Strict Bail Restrictions Under Anti-Corruption Bill
In a major constitutional determination announced in Parliament today by Speaker Jagath Wickramaratne, the Supreme Court of Sri Lanka ruled that key provisions of the proposed Anti-Corruption (Amendment) Bill cannot become law without a two-thirds parliamentary majority and direct approval by the people at a public referendum. The Court’s ruling targets critical judicial, corporate governance, […]
Supreme Court Clears 22nd Amendment Without Referendum, Exempts Incumbent CJ from 6-Year Term Limit
The Supreme Court of Sri Lanka has determined that the proposed 22nd Amendment to the Constitution Bill and the Judicature Amendment Bill do not violate core constitutional provisions and can proceed to a vote in Parliament without requiring a public referendum, according to an official announcement by the Speaker of Parliament. The Supreme Court ruled […]
Strengthening Ports and Logistics to Drive Sri Lanka’s Export Growth under NEDP 2026–2030
A high-level discussion on the implementation of the National Export Development Plan (NEDP) 2026–2030 was successfully held at the Ministry of Ports and Civil Aviation on 15th September 2026, with a focus on strengthening the contribution of Sri Lanka’s ports and logistics sector to the country’s export growth. The meeting was chaired by Hon. Anura […]
VIDEO: Trump Signs Russia Sanctions Law, Paving Way For 100% US Tariffs On Buyers Of Russian Oil
US President Donald Trump has signed a new Russia sanctions law that authorises Washington to impose tariffs of up to 100% on countries buying Russian oil and gas, with duties to be levied within 30 days on the top five importers and on new buyers after the law kicks in. The bill targets Russia’s energy […]
Foreign Minister’s Visit to Thailand opens up 10,000 employment opportunities for Sri Lankans
Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath concluded his official visit to Thailand from 14 to 16 September 2026, following an invitation from the Thai Minister of Labour Julapun Amornvivat. During the two-day visit, Minister Herath and Thai Minister of Labour Amornvivat signed a Memorandum of Understanding (MoU) on Labour Cooperation and […]
UNDP supports DNA Laboratory of Government Analyst Department in procuring critical equipment
Visit to DNA Laboratory and observing of procured equipment The United Nations Development Programme (UNDP) in Sri Lanka handed over 17 critical equipment to strengthen the DNA laboratory of the Government Analyst Department, including an RT PCR machine, PCR system and Crime Lite Serology Kit, with the aim of increasing the efficiency and effectiveness of […]
Foreign Minister Vijitha Herath to Undertake Official Visit to Thailand
Minister of Foreign Affairs, Foreign Employment & Tourism Vijitha Herath will undertake an official visit to Thailand from 14 to 16 September 2026, at the invitation of the Minister of Labour of Thailand. During the visit, Minister Herath will hold discussions with the Minister of Labour, Minister of Tourism and Acting Minister of Foreign Affairs […]
Sri Lanka expects India’s full support in fight against Indian Ocean drug trafficking
Sri Lanka expects India’s fullest support in combating drug trafficking in the Indian Ocean region, President Anura Kumara Dissanayake said, as the Indian Ocean has increasingly become a hub for the trade. The President made the remarks at a meeting with Indian Defence Minister Rajnath Singh at the Presidential Secretariat, during Singh’s official visit to […]
SL appeals to Human Rights High Commissioner to conclude country-specific mandates where national processes demonstrate progress
Addressing the 63rd Session of the United Nations Human Rights Council in Geneva on 08 September 2026 during the General Debate under the Agenda Item 2, Permanent Representative of Sri Lanka to the United Nations in Geneva, Ambassador Sumith Dassanayake emphasized that no Council mandate should be regarded as indefinite. The written update on human […]
Godrej consumer products consolidates international media operations under WPP media
Godrej Consumer Products Ltd. (GCPL), a leading emerging markets FMCG company, has appointed WPP Media as its global media agency partner for its international business spanning Sri Lanka, Bangladesh, Nigeria, South Africa, Indonesia, Argentina and Chile. EssenceMediacom, part of WPP Media, has already been managing GCPL’s media mandate in India since 2025. The appointment follows […]
Renegotiating Plantation Company Leases Mid-Tenure Could Impact FDI: Advocata Institute
Plans to prematurely renegotiate the lease agreements of Regional Plantation Companies (RPCs) set a dangerous precedent against security of tenure and risk discouraging foreign direct investment (FDI) into state-owned lands, the Advocata Institute warned. This follows a statement made by President Anura Kumara Dissanayake, who announced that the government is reviewing existing RPC lease agreements, […]