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Opinion: A Tourism Banking Super App that could earn twice for Sri Lanka?
A US$300 Million Tourism Super App? How Sri Lanka Could Connect Foreign Exchange, Telecom, National Parks, Government Resorts and Every Major Tourist Experience into One National Revenue Engine By Jithendra Antonio The next great opportunity in Sri Lankan tourism may not be another hotel, another airport terminal or another advertising campaign. It may be the […]
Fitch Rates Sampath Bank’s Proposed Basel III Subordinated Debentures Final ‘A(lka)’
Fitch Ratings has assigned Sampath Bank PLC’s (AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion a final National Long-Term Rating of ‘A(lka)’. The proposed debentures, which will mature in five and seven years, will be listed on the Colombo Stock Exchange. The bank plans to use the proceeds to […]
Sri Lanka to open ports and power grid to private investors: President
President Anura Kumara Dissanayake has told investors that the government has put three things in place: transparent governance, the laws needed to protect business, and the infrastructure to support it. “We will do our part. You must do yours,” he said. He was speaking at the Sri Lanka Economic and Investment Summit 2026, organised by […]
Sri Lanka open to new IMF programme if it supports growth: President
President Anura Kumara Dissanayake says Sri Lanka is ready to enter a new programme with the International Monetary Fund (IMF), provided it supports economic growth and not just stability, as the current four-year arrangement enters its final six months. Speaking at the Sri Lanka Economic and Investment Summit 2026 in Colombo on Monday, he said […]
150 years of rubber: A milestone worth celebrating
This year, Sri Lanka marks 150 years since rubber was first planted on its soil, a milestone that traces back to 1876, when a shipment of young Hevea brasiliensis seedlings arrived at the Henarathgoda Botanical Gardens in Gampaha. Grown from seeds smuggled out of the Amazon by British botanist Henry Wickham and germinated at Kew […]
Labour shortages are pushing Plantation Companies towards machines, dataand a different kind of worker
Sri Lanka’s plantation sector is entering a new phase of transformation, as technology and innovation reshape how estates operate, manage resources and sustain productivity. Across the country’s tea estates and other plantations, machines are increasingly complementing skilled workers in tasks once done almost entirely by hand, while software and data bring new precision to decisions […]
Sri Lanka becomes second market for BYD’s RACCO
BYD, the number one brand in Sri Lanka’s emerging New Energy Vehicle (NEV) segment and the world’s leading NEV manufacturer, together with its authorised distributor in Sri Lanka, John Keells CG Auto,today announced the successful debut of the BYD RACCO, its newest addition to the local market. SriLanka becomes the first country outside Japan to […]
Government Awards Rs. 1.07 Billion Contract to Upgrade Kandy-Jaffna Road Section
Sri Lanka’s Cabinet of Ministers has approved the awarding of a Rs. 1.07 billion contract to M/s Tudawe Brothers (Pvt) Ltd. for the widening and improvement of a critical stretch along the Kandy-Jaffna (A009) road. The infrastructure project forms part of the national highway expansion and improvement program, targeting the road section from kilometer 58+240 […]
Government to Draft Revised State Assets Management Bill, Halting 2024 Draft
Sri Lanka’s Cabinet of Ministers has approved a proposal to suspend further action on the previously published State Assets Management Bill and instruct the Legal Draftsman to prepare a revised draft incorporating recommendations from a technical expert committee. The initial bill had received Cabinet approval on July 22, 2024, to be published in the Government […]
Sri Lanka Accelerates Renewable Energy Transition, Grid Upgrades, and Competitive Tariff Reforms
Sri Lanka is aggressively scaling up its renewable energy capacity while overhauling power procurement and transmission infrastructure to ensure stable, cost-effective electricity for industrial and domestic consumers, President Anura Kumara Dissanayake announced during the Sri Lanka Economic and Investment Summit 2026. Addressing business leaders, President Dissanayake highlighted that renewable sources now account for 69 percent […]
Government Re-evaluates Private Fuel Distribution Contracts Amid Subsidy Extensions and Market Disruption
Sri Lankan President Anura Kumara Dissanayake announced that the government is reviewing initial contractual agreements signed with private fuel distributors to address supply bottlenecks and pricing disparities between private retail outlets and the state-owned Ceylon Petroleum Corporation (CPC). Addressing business leaders at the Sri Lanka Economic and Investment Summit 2026, President Dissanayake outlined the fiscal […]
Sri Lanka Outlines Strategic Development Plans for Colombo Port East and West Terminals
Sri Lanka is preparing to revamp its maritime infrastructure by bringing in international shipping lines for terminal operations and advancing major expansion projects at the Port of Colombo, President Anura Kumara Dissanayake announced during the Sri Lanka Economic and Investment Summit 2026. Addressing the forum, President Dissanayake highlighted that while the state will retain ownership […]