Category: Other
Galle Lit Fest expands global reach with new memberships, patronage, and advisory committee
Galle Literary Festival (GLF) is entering a bold new chapter as it prepares for its 13th edition in JanuaryWith an expanded membership programme, the addition of influential patrons, and a newly formed Advisory Committee, GLF is strengthening its position as one of South Asia’s most significant cultural events and as a growing platform for international […]
Trial by Media: Bar Association of Sri Lanka Condemns YouTuber Predictions on Case Outcomes
The Bar Association of Sri Lanka (BASL) has issued a statement on August 25, 2025, regarding comments made on social media and other platforms about matters within the purview of the Judicial Service Commission and the Judiciary, which are both Independent Institutions. The Judicial Service Commission is a Commission consisting of the Chief Justice and […]
Fitch Ratings: Developed Economies’ Potential Growth Revised Up to 1.6-pct
Fitch Ratings has updated its five-year projections for supply-side potential GDP growth for the 10 developed economies (‘DM10’) covered in its Global Economic Outlook. The GDP-weighted average DM10 potential growth projection has been raised to 1.6% a year from 1.4% in the previous report in August 2023. This reflects more optimistic projections for the US, revised […]
Newcomers deliver big finishes as speedstar championship 2025
The SpeedStar Championship 2025 came to a thrilling close at SpeedBay in Port City Colombo, marking the end of a dynamic three-round karting series that welcomed complete newcomers to the sport. Designed exclusively for novice drivers with no prior motorsports experience, the championship offered a unique opportunity for first-time racers to experience competition in a […]
Empowering Youth: U.S. Launches Young South Asian Leaders Initiative Workshop in Colombo
Today in Colombo, U.S. Ambassador to Sri Lanka Julie Chung, Acting Deputy Assistant Secretary for South and Central Asian Affairs Shelly Seaver, and Minister of Youth Affairs and Sports Hon. Sunil Gamage opened the inaugural workshop of the Young South Asian Leaders Initiative (YSALI), a U.S. government-funded program aimed at empowering youth leaders, promoting peace, […]
New Livestock Insurance Scheme to Be Launched to Protect Sri Lankan Leopards
The United Nations Development Programme (UNDP) in Sri Lanka under its Biodiversity Finance Initiative (BIOFIN) together with the Wildlife and Nature Protection Society (WNPS) and LOLC, under the guidance of the Department of Wildlife Conservation is launching a groundbreaking “Livestock Insurance Scheme in Sri Lanka. This initiative aims to reduce retaliatory killings of the endangered Sri […]
Sri Lanka expresses deep concern over the decision of Israel
Sri Lanka expresses deep concern over the decision by Israel to seize control of Gaza, which will lead to further escalation of violence and suffering of the people of Gaza. Sri Lanka calls for an immediate ceasefire and urges all parties to resolve differences through diplomatic dialogue in order to establish sustainable peace. Ministry of […]
Beneficial Ownership Law Enacted with TISL’s Amendments for Enhanced Transparency & Accountability
The Speaker, Dr. Jagath Wickramaratne, endorsed the certificate on the Companies (Amendment) Bill on 04 August and accordingly, the Companies (Amendment) Act No. 12 of 2025 is now enacted. Transparency International Sri Lanka (TISL) welcomes the constructive response of the Attorney General to the concerns raised in TISL’s petition filed in the Supreme Court challenging […]
Sri Lanka’s nation branding should not bet on gambling: MTI Consulting
The grand launch of the Melco-operated City of Dreams has sparked bold comparisons, with some advocating for Sri Lanka to become the “Macau of India.” While MTI Consulting acknowledges the economic potential of a vibrant casino sub-brand, it strongly cautions that Sri Lanka’s nation brand must not be ‘hijacked’ by the gambling industry. MTI urges Sri Lankan […]
US Effective Tariff Rate from all trading partners settles at 17-pct with July 31 duties: Fitch Ratings
Fitch Ratings has updated the U.S. Effective Tariff Rate (ETR) Monitor, its interactive tariff tool, reflecting the July 27 and July 31 announcements that set new reciprocal tariff rates for most trading partners. The U.S. effective tariff rate is now 17% — about 8 percentage points lower than our April 3, 2025, estimate when higher […]
US Dollar Shows Signs of Stabilisation on Easing Policy Uncertainty: Fitch Ratings
The US dollar has shown early signs of stabilisation against other currencies in the past few weeks, as US policy uncertainty has eased from record highs, Fitch Ratings says in its latest FX Market Monitor. The DXY Dollar Index (a weighted-average of six bilateral exchange rates with developed market countries with reserve currencies) remains about […]
EDB at 46: A Legacy of Transformative Progress
The 1st of August 2025 marks the 46th anniversary of the Sri Lanka Export Development Board (EDB), the country’s apex organization for export promotion and development. Established under the Sri Lanka Export Development Act No. 40 of 1979, the EDB plays a pivotal role in shaping a vibrant and diversified export sector, positioning Sri Lanka […]