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US Envoy hails enduring partnership with Sri Lanka at 249th Independence Day address

US Envoy hails enduring partnership with Sri Lanka at 249th Independence Day address

US Ambassador Julie Chung Ambassador Julie Chung highlights over seven decades of resilient ties with Sri Lanka at reception under ‘Great American Road Trip’ theme Recalls early American visitors to Sri Lanka; stresses people-to-people connections...

India, Sri Lanka CEOs meet in Colombo to deepen ties

India, Sri Lanka CEOs meet in Colombo to deepen ties

Indian High Commissioner Santosh Jha yesterday participated in the Confederation of Indian Industry (CII) and Ceylon Chamber of Commerce organised CEOs Roundtable. It witnessed an insightful discussion on forging newer pathways for business...

People’s Bank celebrates 64 years of excellence in serving Sri Lanka

People’s Bank celebrates 64 years of excellence in serving Sri Lanka

People's Bank Chairman Prof. Narada Fernando (left) and Chief Executive Officer Clive Fonseka People’s Bank, a pioneer in Sri Lanka’s banking and financial services industry commemorates its 64th anniversary today. Since its establishment, the...

Sri Lanka’s Shifting Stance on Foreign Research Vessels Risks Its Blue Economy Future

Sri Lanka’s Shifting Stance on Foreign Research Vessels Risks Its Blue Economy Future

Sri Lanka is again caught in a controversy surrounding a foreign research vessel. Its media has reported that the U.N.-flagged research vessel Dr. Fridtjof Nansen, operated by the Food and Agriculture Organization (FAO), which had been scheduled...

Sri Lanka construction expands in May 2025: PMI

Sri Lanka construction expands in May 2025: PMI

ECONOMYNEXT – Sri Lanka’s construction sector further expanded to 59.7 in May 2025, from 48.6 in April 2025, according to a Purchasing Managers Index compiled by the central bank. “Most of the survey respondents mentioned that construction...

Sri Lanka adopts new rules against child labour

Sri Lanka adopts new rules against child labour

The government ban comes into force tomorrow. Children under 16 are banned from begging, street trading and domestic work, while dangerous work is off-limits to those aged 16 to 18. Minister Jayatissa cites the UN Convention on the Rights of the...

TMC Sri Lanka partners Cinnamon Grand Colombo and Mount Lavinia Hotel to enhance member benefits

TMC Sri Lanka partners Cinnamon Grand Colombo and Mount Lavinia Hotel to enhance member benefits

Representing TMC: Chandima Hulangamuwa, Roger Talayaratne, Fayaz Saleem, Kaushal Rajapaksa and Dr. Pradeep Edward, together with Cinnamon Grand Colombo management representatives The Management Club (TMC) Sri Lanka is a prestigious professional...

Sri Lanka’s Local Government reform: Strategic imperative for progress – Part 1

Sri Lanka’s Local Government reform: Strategic imperative for progress – Part 1

With a fresh electoral mandate and the potential for reform, Sri Lanka is at a crossroads Sri Lanka’s recent Local Government elections marked a pivotal moment in the nation’s democratic process, as citizens voted to appoint representatives to...

Why has Mazagon Dock bought controlling stake in Sri Lanka's Colombo dockyard?

Why has Mazagon Dock bought controlling stake in Sri Lanka's Colombo dockyard?

Mazagon Dock Shipbuilders Ltd has acquired a stake in a Sri Lankan dockyard. The Indian government-run firm bought a controlling interest in Colombo Dockyard PLC (CDPLC). But what do we know about the deal? And why has Mazagon Dock Shipbuilders...

Adverse global shocks and Sri Lanka’s road to recovery

Adverse global shocks and Sri Lanka’s road to recovery

Dr. W.A. Wijewardena delivering keynote Keynote at Economic and Taxation Symposium 2025 of ICASL – Part I Colombo forum on road to recovery In a recent forum in Colombo on Sri Lanka’s road to recovery with special reference to debt and governance...

Sri Lanka the only Asian nation in talks with US on tariffs

Sri Lanka the only Asian nation in talks with US on tariffs

Speaking during the parliamentary debate on the government’s fiscal strategy statement, Deputy Minister of Economic Development Anil Jayantha Fernando expressed hope that the government would succeed in securing a more favourable deal from the...

Think thank calls for Sri Lanka to withdraw and redraft Gambling Regulatory Authority Bill

Think thank calls for Sri Lanka to withdraw and redraft Gambling Regulatory Authority Bill

A top think tank in Sri Lanka is calling for the government to completely withdraw and redraft the current version of the Gambling Regulatory Authority bill, published in May of this year. Expert Sudaraka Ariyaratne, at the Advocata Institute,...

Sri Lanka Loses Key UN Marine Research Mission Over Delayed Clearance

Sri Lanka Loses Key UN Marine Research Mission Over Delayed Clearance

By: Staff Writer June 30, Colombo (LNW):Sri Lanka has lost a rare opportunity to advance its marine research and bolster long-term food security, following bureaucratic delays and indecisive political coordination that led to the cancellation of a...

Sri Lanka wraps up roadshows in Lucknow, Chandigarh and Jaipur as Indian arrivals cross 2 lakh in 2025

Sri Lanka wraps up roadshows in Lucknow, Chandigarh and Jaipur as Indian arrivals cross 2 lakh in 2025

Sri Lanka Tourism has completed a series of trade roadshows and networking evenings across Lucknow, Chandigarh and Jaipur from 23–27 June 2025, aimed at promoting the island nation as a year-round destination and deepening ties with key Indian...

Melco Resorts’ City of Dreams Sri Lanka Casino Almost Ready for Guests

Melco Resorts’ City of Dreams Sri Lanka Casino Almost Ready for Guests

Posted on: June 30, 2025, 12:15h. Last updated on: June 30, 2025, 12:15h. City of Dreams Sri Lanka will open on Aug. 2 The casino is part of Sri Lanka’s first integrated resort Melco Resorts will run the casino for at least the next two decades...

Sri Lanka share index tops 18,000 points

Sri Lanka share index tops 18,000 points

ECONOMYNEXT – Sri Lanka’s construction sector further expanded to 59.7 in May 2025, from 48.6 in April 2025, according to a Purchasing Managers Index compiled by the central bank. “Most of the survey respondents mentioned that construction...

Tax Loopholes and Valuation Gaps Raise Alarms over Sri Lanka Used Vehicle Imports

Tax Loopholes and Valuation Gaps Raise Alarms over Sri Lanka Used Vehicle Imports

By: Staff Writer June 30, Colombo (LNW): Sri Lanka’s decision to lift a five-year ban on vehicle imports has revived the automobile trade, generating much-needed government revenue. However, the surge in vehicle imports—particularly used...

Sri Lanka Wrap Up Series with Commanding Innings Win Over Bangladesh

Sri Lanka Wrap Up Series with Commanding Innings Win Over Bangladesh

Sri Lanka wraps up the series with a commanding innings win over Bangladesh. The Bangladesh tour of Sri Lanka is on, which includes two test matches, three ODI matches, and three T20I matches. The first test match was drawn, and now whoever wins...

Sri Lanka inflation up 3.6-pct over 33 months, deflation over 12

Sri Lanka inflation up 3.6-pct over 33 months, deflation over 12

ECONOMYNEXT – Sri Lanka’s consumer prices in the capital Colombo rose 3.6 percent over 33 months since monetary stability was restored around September 2022, official data showed, though the index deflated 0.6 percent over 12 months. The Colombo...

Sri Lanka sees foreign selling in rupee bonds for second week

Sri Lanka sees foreign selling in rupee bonds for second week

ECONOMYNEXT – Sri Lanka’s consumer prices in the capital Colombo rose 3.6 percent over 33 months since monetary stability was restored around September 2022, official data showed, though the index deflated 0.6 percent over 12 months. The Colombo...

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