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U.S. Ambassador Julie Chung to Depart Sri Lanka
U.S. Ambassador to Sri Lanka Julie Chung will depart Sri Lanka on January 16 after almost four years of dedicated service, marking the conclusion of her tenure as the United States’ top diplomat in Colombo. “I have loved every moment of my time in Sri Lanka,” said Ambassador Chung. “From day one, my focus has been to advance America’s interests—strengthening our security partnerships, expanding trade and investment, […]
SEC and CSE Collaborate to Expedite Listings Through Advisor Awareness
The Securities and Exchange Commission of Sri Lanka (SEC) in collaboration with the Colombo Stock Exchange (CSE) conducted an awareness session for Corporate Finance Advisors focusing on enhancing regulatory compliance and streamlining the listing process. The forum brought together Corporate Finance Advisors and senior officials from the SEC and CSE to enhance the listing process […]
ComBank & Mastercard launch SL’s first Dynamic Currency Conversion for online payments
As part of Commercial Bank of Ceylon’s sustained efforts to strengthen tourism-related businesses and improve convenience for foreign travellers, the Bank has partnered with Mastercard to introduce Sri Lanka’s first Dynamic Currency Conversion (DCC) capability for online payments, marking a significant milestone in the country’s digital payments landscape. Enabled via the Mastercard Payment Gateway Services […]
SEC Eases Minimum Public Holding Rules for Listings via Introductions to Boost Market Flexibility
The Securities and Exchange Commission of Sri Lanka (SEC) has approved amendments to the Colombo Stock Exchange (CSE) Listing Rules to provide greater flexibility regarding the Minimum Public Holding (MPH) requirement for companies listing through the Introduction method. These revisions were proposed and deliberated under Project 6 – New Listings (Public and Private), one of […]
VIDEO: The Salary Trap – Why The System Keeps You Broke
Ever feel financially insecure despite a stable job? This video offers crucial financial education to help you understand why you might be struggling with debt management and how to improve your personal finance situation. Discover the counterintuitive reality of how money works against employees—revealing why effective money management can lead to true financial security, even […]
Nine Direct Flights to Bring Tourists from Moldova to Mattala This Winter, Says Former Ambassador
Vision Air has finalized plans to operate nine direct flights from Moldova to Mattala Rajapaksa International Airport (MRIA) this winter season, according to Udayanga Weeratunga, the former Sri Lankan Ambassador. According to him, this strategic flight schedule is expected to bring approximately 1,500 tourists to Sri Lanka. The first flight, designated as 4 V-5363, is […]
Preparation for Northern Investment Summit 2026 Gathers Momentum
The first ever Northern Investment Summit (NIS), a national milestone, is scheduled to take place in Jaffna on January 21 and 22, 2026 at the Thiruvalluvar Cultural Centre. Organised by the Management Club (TMC), the two-day event themed ‘Empowering Growth, Driving Innovations’ will be a platform for promoting the northern province as an attractive destination […]
Trincomalee Power Company Invites Tenders for 50 MW Solar Project with Battery Storage in Sampur
Trincomalee Power Company Limited, which is 50% owned by the Ceylon Electricity Board and 50% owned by India’s NTPC, invites tenders for a 50 MW ground-mounted solar power plant to be constructed in the Sampur area of the Trincomalee District by the Sri Lanka Energy Company Limited (SLEC). The scope includes the entire process from […]
CoPF Chairman Harsha de Silva urges President to appoint an Auditor General
Dr. Harsha de Silva, Chair of the Committee on Public Finance (CoPF), has urged President Anura Kumara Dissanayake to immediately fill the Auditor General vacancy, which has been open since December 7. In a letter dated December 22, Dr. de Silva emphasized that the absence of an Auditor General disrupts constitutional mandates under Articles 148 […]
FIU Collects Rs. 9.5 Mn in Administrative Penalties from Reporting Institutions
The Financial Intelligence Unit (FIU) of Sri Lanka has collected Rs. 9.5 million in administrative penalties from reporting institutions between July and September 2025. These penalties were imposed under the Financial Transactions Reporting Act (FTRA), No. 6 of 2006, following non-compliance with AML/CFT regulations. In accordance with the law, penalty amounts were scaled based on […]
Ditwah causes widespread devastation to agriculture, fisheries & rural livelihoods in SL: FAO
Cyclone Storm Ditwah made landfall on 27 November 2025 and lingered over the country for nearly three days, bringing exceptionally heavy rainfall that triggered severe flooding and numerous landslides, resulting in widespread devastation nationwide. As of 16 December 2025, official reports confirm that more than 2.2 million people have been affected, representing about 10 percent […]
The Chamber of Northern Exporters (CNE) Delivering Goods and Services From Jaffna and the Northern Province
By Jekhan Aruliah We have heard it so many times, “We must export more!”. We have heard it from politicians and economists and assorted commentators of assorted quality through miscellaneous channels. “We must export more” deserves the internet acronym SOTBO. Internet slang for a “Statement Of The Bleeding Obvious”. A statement so basic, so self-evident, […]