Local banks are accelerating their adoption of artificial intelligence (AI) and digital technologies to improve efficiency, expand financial inclusion, and support sustainable finance, according to the financial sector regulator, the Central Bank sai

Gross domestic product (GDP), the value of the total goods and services produced by the economy, in the second quarter of 2025 rose by a robust 4.9 percent. This is a pickup from the 4.8 percent growth seen in the first quarter, reflecting the persis

Sri Lanka’s aggressive Value-Added Tax (VAT) reforms in 2024, a key component of its post-crisis fiscal stabilisation, single-handedly contributed to a 2.2 percentage point increase in the nation’s poverty rate, a stark new report from the World

The Free Trade Zone Manufacturers’ Association (FTZMA) has submitted a set of proposals for the 2026 national budget, calling for a sweeping package of tax, trade and export reforms designed to strengthen competitiveness in what it described as a

For a short period on September 10th 2025, Larry Ellison, co-founder of Oracle Corporation, overtook Elon Musk to become the world’s richest person. A historic surge in Oracle’s stock propelled Ellison’s fortune past the $390 billion mark, unde

Sri Lanka is overhauling its investor agreements with a three-tier dispute resolution mechanism, negotiation, mediation, and arbitration, as part of efforts to strengthen foreign investor confidence, the

Sri Lanka’s ambitious plan to attract five million tourists and generate US$ 10 billion in annual revenue by 2030 is under threat as bureaucratic delays stall a critical global promotional campaign, industry leaders said.

Sri Lanka’s tourism industry continues its resurgence into September, posting a 28.2 percent year-over-year growth in the first week of the month, overwhelmingly credited to a sustained surge in arrivals from neighbouring India. For the first seve

Global cybersecurity giant Kaspersky is calling on Sri Lankan regulators to establish clear cybersecurity guidelines for mobile financial services amid a surge in digital threats. As Sri Lanka embraces a mobile-

Sri Lanka’s government is moving forward with plans for a new Tourism Act to overhaul the sector’s administrative framework, despite concerns from some private sector stakeholders over potential bureaucratic hurdles.

Sri Lanka is planning a multi-pronged strategy to address the high cost of digital devices by exploring the targeted subsidies and affordable payment schemes, while simultaneously moving to formalise the second-hand market through a new registration

Standard Chartered Research (StanChart Research) sees a rising likelihood of upside scenarios for Sri Lanka’s sovereign bonds issued last year under its bond exchange, as the country is expected to outperform baseline economic growth targets and me

The Port of Colombo reported a significant surge in container handling in July 2025, marking a strong rebound with a double-digit growth, driven by a robust recovery in transshipment volumes.

Sri Lanka’s external sector surged in July 2025, with record merchandise exports, strong remittance inflows, and rising tourism earnings fuelling consecutive current account surpluses.

Sri Lanka’s Colombo district recorded a 1.2 percent increase in consumer prices in August from a year ago, turning from a 0.3 percent decline in prices continued through July, ending the 11-month spell of negative inflation, which set off in Septem

Deloitte views Sri Lanka’s new Companies (Amendment) Act No. 12 of 2025 as a pivotal opportunity for businesses to embed trust and accountability into their operations, transforming regulatory compliance into a strategic advantage for long-term gro

The land prices in the red-hot Colombo district, measured by the Land Valuation Indicator (LVI), jumped 11.4 percent in the first half of 2025 from the same period in 2024.

Sri Lanka’s listed commercial banks posted strong earnings for the June quarter, boosted by loan growth, lower provisions for bad loans and higher fee income, though margins narrowed, Capital Trust Securities said in a report.

Sri Lanka’s export earnings are approaching the US $ 10 billion mark in the first seven months of 2025, with total goods and services exports reaching US $ 9.99 billion, up 7.8 percent from the same period last year. The performance reflects a bro

Sri Lanka’s insurance industry demonstrated robust top-line growth in the second quarter of 2025, with a significant 16 percent year-on-year increase in overall premiums, underscoring the sector’s resilience and strong growth trajectory.

The governments of Sri Lanka and the United Kingdom have officially entered into a bilateral agreement to restructure a portion of Sri Lanka’s external debt, a deal valued at nearly US $ 90 million.

Sri Lanka’s tourism industry has surpassed 1.5 million arrivals for 2025, boosted by strong inflows in August. However, it still faces a steep climb to reach its ambitious target of three million visitors for the year.

Sri Lanka’s apparel sector is set to gain wider duty-free access to the United Kingdom after the latter announced sweeping reforms to its Developing Countries Trading Scheme (DCTS), allowing manufacturers to source up to 100 percent of garment inpu

A new study by the Institute of Policy Studies (IPS) warns that recent U.S. tariffs could slash Sri Lanka’s total export income by US$ 634 million and lead to significant job losses, particularly in the apparel and rubber industries.

The Sri Lankan government is set to overhaul its decades-old education system by introducing a transformative dual-pathway structure that will offer the students both conventional academic and specialised skill-based streams from secondary level.

Diversified conglomerate Aitken Spence PLC recorded a strong EBITDA of Rs. 4.1 billion for the first quarter ended 30 June 2025. EBITDA reflects the Group’s earnings prior to interest expenses, taxation,

Sri Lanka’s gem and jewellery industry leaders are optimistic about weathering the potential US tariffs, anticipating a minimal impact on the exports.

Sri Lanka yesterday stepped on to the global stage with a few key strong messages for investors; that its crisis-hit economy has turned a corner, its stock market is among the best-performing in Asia, and sweeping reforms have set the stage for susta

Global cybersecurity giant Kaspersky is sharpening its focus on Sri Lanka, championing a business-to-business-to-consumer (B2B2C) model to broaden its reach and introducing a new eSIM service poised to benefit the nation’s vital tourism sector.