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Fitch Changes Global Sovereigns Sector Outlook to ‘Deteriorating’ on Iran War Impact
Fitch Ratings has changed its 2026 global sovereign sector outlook to ‘deteriorating’ from ‘neutral’ because of the impact of the US-Iran war. We expect the conflict will weaken GDP growth, raise inflation and bond yields, and heighten geopolitical risks. However, recent resilience of the global economy and financing conditions temper risks. We have changed five […]
U.S. Navy Littoral Combat Ship USS Canberra Arrives in Colombo
The U.S. Embassy in Sri Lanka announces the arrival of the Independence-variant Littoral Combat Ship USS Canberra (LCS 30) to the Port of Colombo on June 12. The visit marks the fourth U.S. Navy littoral combat ship to call on Colombo, following the USS Tulsa, USS Charleston, and USS Santa Barbara — and highlights the critical importance of continued […]
Sri Lanka to Unveil National Export Development Plan 2026–2030
The Sri Lanka Export Development Board (EDB) has announced the official launch of the National Export Development Plan (NEDP) 2026–2030, marking a significant milestone in the country’s economic journey. Developed under the guidance of the Ministry of Industry and Entrepreneurship Development, with technical assistance from the Asian Development Bank (ADB), the Plan is aligned with […]
Sri Lanka’s Newest Cargo Carrier ‘WEAIR’ Launches Operations with Luxembourg Backing
Sri Lanka’s aviation and logistics sector marked an expansion with the official launch of ‘WEAIR’, the country’s newest cargo airline. The venture officially commenced operations on June 6, 2026, during an inauguration ceremony at the Kingsbury Hotel in Colombo, held under the patronage of Vijitha Herath, Minister of Foreign Affairs, Foreign Employment, and Tourism. Financed […]
Kaspersky discovers new corporate phishing technique using popular AI web development platform
Kaspersky has discovered that attackers have begun exploiting another legitimate service for malicious purposes – this time it is Tencent EdgeOne Pages, a platform for creating and hosting web applications. Attackers are misusing its capabilities to generate phishing emails targeting corporate users. Previously Kaspersky has described similar attacks leveraging Google services and web applications generated […]
Opinion: India–SL Binational Bridge & Tunnel – Why SL Should Embrace the Opportunity of the Century
By Jithendra Antonio For decades, Sri Lanka has debated ports, airports, expressways, free trade agreements, and foreign investments as pathways to economic transformation. Yet one proposal has consistently resurfaced across governments, administrations, and geopolitical cycles as perhaps the most consequential infrastructure project ever contemplated for the island nation: a permanent land connection between India and […]
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 […]