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U.S. Ambassador Eric Meyer Arrives in Sri Lanka, Presents Credentials
On August 25, 2026, U.S. Ambassador Eric Meyer presented his credentials to Sri Lankan President Anura Kumara Dissanayake, marking the formal commencement of his ambassadorial tenure. Following the ceremony, Ambassador Meyer said: “It was an honor to present my credentials to President Dissanayake. The United States is proud to call Sri Lanka a friend in a partnership that has spanned more than […]
Sri Lanka to Install 300,000 Smart Meters Under Time-of-Use Billing Project
Sri Lanka’s Cabinet has approved a two-year project to install 300,000 smart electricity meters equipped with a Time-of-Use (TOU) billing system as part of efforts to modernise the country’s electricity grid and support renewable energy development. The project will utilise US$12.5 million from a US$15 million loan facility provided through the Asian Development Bank’s concessional […]
Sri Lanka Revises Renewable Energy Feed-in Tariffs
Sri Lanka’s Public Utilities Commission has approved new feed-in tariffs for renewable energy power projects, effective August 25, 2026, and valid until February 24, 2027. The revised tariffs cover mini-hydro, wind, biomass, municipal waste, waste heat recovery, ground-mounted solar and floating solar projects. New rooftop solar tariffs range from Rs. 15.81 to Rs. 23.11 per […]
EDB Discusses Impact of EU–India FTA on Sri Lanka with EU-Appointed Consultants
A meeting was held recently between the Sri Lanka Export Development Board (EDB) and consultants to the European Commission, Paul Baker and Talal Rafi, to exchange views and insights on the potential impact of the EU–India Free Trade Agreement (FTA) on Sri Lanka’s export sectors. Baker and Rafi have been engaged by the European Commission […]
Historic Milestone in Sri Lankan Pineapple Exports to Pakistan
Marking a historic milestone in Sri Lanka’s fresh fruit exports, the first-ever 20-foot container of fresh Sri Lankan pineapples (Ananas comosus) was successfully shipped to the Pakistani market on August 21. The consignment was exported by C R Exports (Pvt) Ltd, one of Sri Lanka’s leading exporters of fresh fruits and vegetables, marking a significant […]
Sri Lanka International Insurance Summit 2026 advances regional dialogue on resilience, inclusion and insurance innovation
The Sri Lanka International Insurance Summit 2026 concluded in Colombo following three days of high-level discussions focused on strengthening the role of insurance in building economic confidence, protecting communities and supporting sustainable growth amid an increasingly complex global risk environment. Organised by the Insurance Association of Sri Lanka, the second edition of SLIIS was held […]
Adaptive resilience: Malwatte Valley harnesses tech and innovation to redefine plantation productivity
Since inception the plantation industry has served as a central pillar of the Sri Lankan economy. Tea in particular has been the lynchpin of the industry. Especially for globally renowned Regional Plantation Companies (RPCs) like Malwatte Valley Plantations PLC, whose teas are possessed of a globally unique terroir that emerges from the soil, elevation and […]
JAAF and ILO Better Work Programme lead apparel sector’s push for disability inclusion with “Inclusive Threads” pledge
Thirteen apparel companies recently signed a voluntary pledge in Colombo committing to advance disability inclusion in the workplace, marking a milestone for Inclusive Threads of Better Work Sri Lanka, a joint initiative of the International Labour Organization (ILO), the International Finance Corporation (IFC), and, supported by the Australian Government’s Department of Foreign Affairs and Trade. […]
Building the case for software outsourcing in 2026: what’s changed, and the reasons that are still relevant
Software outsourcing seems to be increasing in popularity as time passes by. While there are many reasons contributing to this, which reasons are new, and which ones have been around for a while? In this article, we break down the reasons why businesses choose software outsourcing over in-house custom software development, by comparing evergreen reasons […]
Cabinet Approves Publication and Parliamentary Submission of New ‘Protection of the State from Terrorism’ Bill
Sri Lanka’s Cabinet of Ministers has formally approved a proposal to publish the draft bill for the ‘Protection of the State from Terrorism Act’ in the Government Gazette and subsequently submit it to Parliament for legislative enactment. The decision, reached at the Cabinet meeting on August 17, 2026, remains subject to formal approval at the […]
Cabinet Approves Amendment to Foreign Exchange Act to Criminalize Unauthorized Outward Fund Transfers
In a significant regulatory shift aimed at strengthening financial law enforcement, Sri Lanka’s Cabinet of Ministers has granted approval in principle to amend the Foreign Exchange Act, No. 12 of 2017. The proposed amendment will classify the unauthorized transfer of funds out of Sri Lanka as a criminal offense, addressing a crucial gap in the […]
ComBank partners SolarRay Energy to expand access to green financing for solar solutions
Mr W. D. Jayasuriya, Chief Manager of the Retail Products Department of Commercial Bank and Mr. Elabada Liyanage Chamil Suranga Silva, Managing Director of SolarRay Energy exchange the agreement in the presence of representatives of the two companies. Driven by its commitment to providing sustainable financial solutions for its customers, Commercial Bank of Ceylon has […]