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HNB PLC and IESL sign MoU to extend exclusive financial benefits to Sri Lanka’s engineering community
HNB PLC, Sri Lanka’s leading private sector bank, signed a Memorandum of Understanding with the Institution of Engineers Sri Lanka (IESL) on 20 May 2026 at HNB Towers, establishing a formal partnership to extend a suite of exclusive financial benefits to IESL’s membership base of over 25,000 engineering professionals across the country. Under the arrangement, […]
Xiaomi Sri Lanka and Raffealla Fernando showcases “The Art of Telephoto” with the Xiaomi 17T
Xiaomi Sri Lanka hosted “The Art of Telephoto,” a Leica-powered photography exhibition at One Galle Face Mall, Level 02, bringing together creativity, fashion, visual storytelling and smartphone photography in an engaging experience for guests and photography enthusiasts. Held in collaboration with renowned Sri Lankan creative personality Raffealla Fernando, the exhibition presented a curated collection of […]
President Dissanayake meets CHEC Chairman, Reaffirms commitment to foreign investment
President Anura Kumara Dissanayake met with the Chairman of China Harbour Engineering Company (CHEC), Mr Bai Yinzhan and a delegation from the company this morning (13) at the Presidential Secretariat. During the meeting, Mr Bai Yinzhan stated that President Dissanayake’s “direct and visionary leadership” had greatly enhanced the company’s confidence in investing in Sri Lanka. […]
El Niño Raises Global Economic Disruption Risks for Weaker Sovereigns
The formation of an El Niño weather phenomenon that is set to persist into early 2027 raises the risk of economic disruption in a range of sovereigns, says Fitch Ratings. Fitch is unlikely to link rating actions directly to El Niño unless the effects are clearly reflected in credit metrics, but related environmental stresses could […]
UNDP and Central Bank of Sri Lanka Strengthen Partnership to Advance Financial Literacy
The United Nations Development Programme (UNDP) in Sri Lanka and the Central Bank of Sri Lanka (CBSL) today formalized the 2nd phase of a continued partnership, reaffirming their joint commitment to advancing financial literacy under Sri Lanka’s National Financial Literacy Roadmap (2024–2028), a key pillar of the National Financial Inclusion Strategy (NFIS). The partnership was symbolically […]
Sri Lanka GDP Growth Rate YoY increased to 5.1-pct
The GDP for the first quarter of 2026 at constant price (2015) has increased up to Rs. 3,652,503 million from Rs. 3,476,664 million which was reported in the first quarter of 2025. The GDP growth rate for the first quarter of year 2026 has been reported as 5.1 percent of positive growth rate. In the […]
Manageable Impact on Sri Lankan Lenders’ Capital from Higher Gold-Loan Risk Weights: Fitch Ratings
Fitch Ratings believes the Central Bank of Sri Lanka’s tighter capital treatment for gold-backed lending will have a mostly manageable impact on rated banks’ and finance companies’ capital ratios, while supporting risk profiles. The impact on Fitch-rated finance companies is likely to be larger than on banks because gold-backed lending accounts for a larger share […]
An investigation is being carried out with regard to the activities of Kasagala Green Plantation, says CBSL
The Central Bank of Sri Lanka (CBSL) has announced that it is conducting an investigation into the activities of Kasagala Green Plantation (Private) Limited (KGPL) under the provisions of the Finance Business Act, No. 42 of 2011 (FBA). This follows public statements made by Malwattage Ranjith Nandana Pieris, Director of KGPL, during an appearance on […]
The UN Subcommittee on Prevention of Torture to Visit Sri Lanka
The United Nations Subcommittee on Prevention of Torture (SPT) will undertake its second visit to Sri Lanka from 15 to 24 June 2026. The SPT conducted its first visit to Sri Lanka in April 2019, following the country’s accession to the Optional Protocol to the Convention against Torture (OPCAT) in December 2017. Upon accession, the […]
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 […]