Sri Lanka has been reclassified as an upper-middle income economy by the World Bank, a milestone officials are calling hard-won but fragile because the country has been here before, and lost the ...

The Sri Lanka Export Development Board (EDB) and the Import Promotion Desk (IPD), Germany, signed a Memorandum of Understanding (MoU), reaffirming their long-standing partnership to strengthen export ...

The Central Bank of Sri Lanka (CBSL) has issued an official warning to the general public, identifying 25 companies and mobile applications that have been found operating as prohibited pyramid schemes ...

Regular trading on the stock exchange was delayed this morning following a technical issue tied to the suspension of long-inactive accounts, officials confirmed. Standard market operations finally ...

The United Nations Subcommittee on Prevention of Torture (SPT) concluded its second visit to Sri Lanka on 24 June 2026. The visit took place from 15 to 24 June 2026. During the visit, the four-member ...

Furthermore, the International Finance Corporation (IFC)—the private sector arm of the World Bank Group—has separately committed nearly $1.8 billion in short- and long-term financing to Sri Lanka’s ...

Sri Lanka’s inflation problem isn’t going away anytime soon. June’s headline number came in at 6.8% year-on-year, up from 5.5% in May, and the drivers are exactly what most people already feel when ...

Sri Lanka’s economic recovery, hard-won through years of painful reform, is now facing its next real test and the IMF’s latest visit makes clear that the country’s ability to hold steady will depend ...

Janathakshan GTE Ltd, with funding support from The Coca-Cola Foundation, has successfully concluded the project “Strengthening Women and Youth Engagement in Informal Waste Management in Sri Lanka ...

Scouts, Sri Lanka’s pioneering intelligent drone and robotics company, has closed a funding round at a valuation of LKR 1.6 billion. In a market that has historically exported its engineering talent ...

A key priority going forward will be expanding its footprint in the Indian market, leveraging MDL’s strong industry linkages. Colombo Dockyard is targeting deeper engagement with major Indian maritime ...

Accelerating reforms in state-owned enterprises and ensuring energy prices reflect cost-recovery are essential to reducing fiscal risks, according to the IMF Staff Mission at the conclusion of its ...