Category: Business and Economy

Lütfü Turgut, Ambassador of the Republic of Türkiye to Sri Lanka, emphasised the importance of strengthening bilateral trade relations. He highlighted opportunities for Sri Lankan exporters in several sectors while also pointing to collaboration opportunities, especially given the growing importance of governance and ethical trade standards, particularly for exporters seeking integration into global supply chains,…

Sri Lanka’s debt restructuring process is nearing completion, with significant progress recorded across negotiations and implementation, according to the latest 6th Co-Chairs Progress Report released by the Global Sovereign Debt Roundtable (GSDR) recently. The report states Sri Lanka’s debt restructuring is also nearly complete. Signature of bilateral agreements is well advanced while not yet fully…

The Insurance Regulatory Commission of Sri Lanka (IRCSL), in partnership with the Insurance Association of Sri Lanka (IASL), unveiled Sri Lanka’s Insurance Industry Development Roadmap yesterday (21) in Colombo, with the participation of Ananda Wijepala, Minister of Public Security and Parliamentary Affairs, attended the event as Chief Guest. The Roadmap is expected to serve as…

Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development, outlined the Government’s utmost priority of maintaining stability in energy supply to ensure uninterrupted industrial activity addressing the National Chamber of Exporters of Sri Lanka (NCE)  40th Anniversary held in Colombo recently. He also focused on the need to strengthen Sri Lanka’s supply chains. “We can…

Classic Travel has been appointed as the Official Travel Partner for Royal College Colombo’s Rugby Team for 2026, reinforcing its growing commitment to supporting and uplifting sports in Sri Lanka. This partnership marks another step in Classic Travel’s efforts to actively contribute to the development of local sports, backing one of the country’s most prestigious…

Sri Lanka is restructuring its SME sector by consolidating agencies into a new Industrial Transformation and Innovation Authority (ITIA) to foster a cohesive, export-oriented ecosystem, Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development told the American Chamber of Commerce of Sri Lanka (AmCham) CEO Forum 2026 held in Colombo recently. The ITIA will be…

The administration aims to double the economy to $200 billion and increase per capita income to $10,000 within a decade by strengthening the production economy and implementing fiscal reforms, Dr. Harshana Suriyapperuma, Secretary to the Treasury told a CEO Forum held in Colombo recently. In his keynote note Dr. Suriyapperuma outlined a strategic roadmap for…

The United States is committed to expanding trade, opening markets for American exports, and championing private sector-led growth, when countries create transparent systems, strengthen rule of law, and create predictable regulatory environments, American businesses respond with investment, innovation, and long-term partnership, Charge D’Affaires Jayne Howell, US Embassy in Sri Lanka told a CEO Forum held…

Sri Lanka Tourism Development Authority (SLTDA) statistics revealed that the number of foreign tourists who have visited the country so far this year has exceeded eight hundred thousand. Marking a significant progress in the first two months of this year, 740,634 foreign tourists had arrived in the country by the end of March. Including 68,961…

The Intergovernmental Group of Twenty-Four (G24) has urged wealthier nations and multilateral development institutions to step up support for developing countries struggling with the economic fallout of the ongoing conflict in the Middle East, while stressing that domestic resource mobilisation remains critical for long-term resilience. G24 Chair and Nigeria’s Minister of Finance and Coordinating Minister…