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Central Bank Releases Financial Stability Review for Year 2026
In terms of Section 70(1) of the Central Bank of Sri Lanka Act, No. 16 of 2023, the Central Bank of Sri Lanka released its annual Financial Stability Review (FSR) for 2026. This statutory report provides an assessment of the stability of the financial system, identifies and evaluates the associated risks and vulnerabilities, and outlines […]
Meaning in Every Drop: Sri Lanka’s El Niño Response
An El Niño year is rarely just about drought. It is about extremes. Current forecasts suggest Sri Lanka could face two connected phases. The first may bring heavier rainfall, localised flooding and landslide risks in the latter part of 2026. The second could be a prolonged dry spell stretching well into 2027, putting pressure on […]
President Anura Kumara Dissanayake to Inaugurate Sri Lanka Economic & Investment Summit 2026 Today
President Anura Kumara Dissanayake will inaugurate the Sri Lanka Economic & Investment Summit 2026 today, 12 October, at the Shangri-La Colombo. Organised by The Ceylon Chamber of Commerce, the two-day Summit will feature senior business leaders, policymakers and international experts discussing Sri Lanka’s economic priorities and investment prospects. Held under the theme “Positioning Sri Lanka […]
MTI & Skift to strategize for Sri Lanka’s Global Tourism Campaign
Ms. Christine Fernando, Executive Director of MTI Consulting (3rd from left), and Mr. Oliver Martin, Senior Director of Skift Advisory (2nd from left), during a meeting in Sri Lanka Enabled by the World Bank’s GFPP Skift, the world’s largest tourism industry Intelligence consultancy, in joint venture with MTI Consulting, the international strategy consultancy, has been […]
From Investment to Economic Transformation: Does Sri Lanka Need One Integrated Development Agency?
“Efficiency is doing things right; effectiveness is doing the right things.” — Peter Drucker Author: Prof. Asoka S.Seneviratne Introduction Sri Lanka’s next economic challenge is to turn stabilisation into sustained economic transformation. Restoring macroeconomic stability was necessary, but stability alone cannot deliver higher productivity, competitive production, expanding exports or improved living standards. The country must […]
99x launches AI-Hub to increase visibility on AI-assisted workflows
99x, a global product engineering company headquartered in Norway, has launched AI Hub, an observability platform designed to provide greater visibility into AI-assisted workflows and performance metrics. The event also celebrated 99x’s xians.ai platform being recognised as Sri Lanka’s Best Agentic AI Solution at the National AI Awards. The 99x leadership also shared updates on […]
Seven in ten Sri Lankan exporters already sell online, but paperwork and slow delivery hold them back: Survey
Sri Lankan exporters are taking to online selling faster than the country’s trade systems are keeping up. A new survey shows seven in ten already use e-commerce, but many are still tangled in paperwork, slow deliveries and high costs. The findings are in “E-commerce and international trade in Sri Lanka: Findings from a survey of […]
The cost of hesitation: Lessons from Asian national strategies on oil palm
By Lalith Obeyesekere, Secretary General, Planters’ Association of Ceylon In his memoirs, Lee Kuan Yew described Ceylon as Britain’s model Commonwealth country, and tooknote of the significant lead that then Ceylon had in terms of its resources, infrastructure and institutions when compared to the Singapore he had inherited, or to his immediate neighbours, Malaysia and […]
Tax exemptions for residential real estate at Port City distort tax regime: Advocata Institute
Residential real estate developments in Colombo Port City currently benefit from a range of tax exemptions and incentives, which create a highly distortionary and unequal tax regime for real estate businesses operating elsewhere in Sri Lanka, the Advocata Institute warned. Both previous regulations (Gazette No. 2343/60 of 4 August 2023) and recent regulations (Gazette No. […]
Seylan Bank Surpasses LKR 1 Trillion in Total Assets
Seylan Bank PLC, has surpassed LKR 1 trillion in total assets, marking a significant milestone in the Bank’s growth journey and strengthening its position among Sri Lanka’s leading private sector banks. The Bank reached the milestone in September 2026, becoming the fourth private sector bank in Sri Lanka to achieve this landmark. Surpassing LKR 1 […]
ComBank unveils ‘Prestige’ Banking to empower clients to craft their legacy for growth
New three-tier proposition combines bespoke banking, strategic wealth management, expert advisory, refined lifestyle privileges and enriching rewards The Commercial Bank of Ceylon has reaffirmed its commitment to providing a bespoke banking experience with the launch of ‘Prestige’ for Sri Lanka’s High Net worth (HNW) clientele. Bringing together the full weight and capabilities of Sri Lanka’s […]