Read the latest news from regional and global sources, presenting different voices and perspectives.
Sri Lanka to make higher payouts on GDP linked bonds, but debt ratio to fall: IMF
EconomyNext
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July 3, 2025
ECONOMYNEXT – Sri Lanka is on track to make higher payouts on macro-linked bonds as dollar gross domestic product grows, but debt sustainability is maintained amid a strong economy, an International Monetary Fund report said. Both the principal...
Sri Lanka stocks dip slightly as market consolidates
EconomyNext
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July 3, 2025
ECONOMYNEXT – Sri Lanka is on track to make higher payouts on macro-linked bonds as dollar gross domestic product grows, but debt sustainability is maintained amid a strong economy, an International Monetary Fund report said. Both the principal...
Sri Lanka Taps Australian Expertise to Boost Exports adopting best practices
Lanka News Web
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July 3, 2025
By: Staff Writer July 03, Colombo (LNW): In a strategic move to strengthen its export ecosystem, Sri Lanka has partnered with Australia to harness international best practices in trade promotion, aiming to empower local exporters and improve...
Sri Lanka’s FDI Figures under Scrutiny amid Global Economic Pressures
Lanka News Web
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July 3, 2025
By: Staff Writer July 03, Colombo (LNW): As Sri Lanka navigates a fragile recovery from its recent economic crisis, government officials continue to present varied data on Foreign Direct Investment (FDI), raising concerns over the authenticity and...
Sri Lanka to open mission in Cyprus
EconomyNext
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July 3, 2025
The escalating crisis of plastic pollution poses a significant threat to both the health of the planet and human well-being. Among the plastic pollutants, Single-use plastics (SUPs) have become a major driver of pollution on land and in oceans....
Sri Lanka’s struggle with single-use plastics: Why bans alone fall short
EconomyNext
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July 3, 2025
The escalating crisis of plastic pollution poses a significant threat to both the health of the planet and human well-being. Among the plastic pollutants, Single-use plastics (SUPs) have become a major driver of pollution on land and in oceans....
EU-Backed Project Powers Greener Future for Sri Lanka’s Industrial Sector
Lanka News Web
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July 3, 2025
By: Staff Writer July 03, Colombo (LNW): Sri Lanka’s energy-intensive industrial sector is receiving a major boost in its journey toward sustainability through a European Union (EU)-funded initiative aimed at combating climate change and promoting...
Sri Lanka faces growing climate threats amid low stakeholder literacy and financial readiness
Daily FT
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Sri Lanka’s climate crisis has intensified rapidly, far surpassing the current levels of stakeholder awareness and capacity to finance essential mitigation and adaptation efforts. As the country faces escalating risks from extreme weather, rising...
Sri Lanka and Australia deepen trade collaboration through seminar on export promotion best practices
Daily FT
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The Sri Lanka Export Development Board (EDB), in partnership with the Australian High Commission, the Australian Trade and Investment Commission (Austrade), and the Department of Foreign Affairs and Trade (DFAT), hosted a high-level seminar titled...
Beyond borders: Closer look at France-Sri Lanka economic cooperation
Daily FT
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France has consistently ranked among the top 10 tourism source markets for Sri Lanka in recent years France and Sri Lanka have been steadily building economic ties in recent years, with cooperation expanding across trade, investment and tourism....
From awareness to action: Applying marketing principles to transform tax administration in Sri Lanka
Daily FT
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Every nation adopts its own unique approach to managing and administering taxes, reflecting its economic priorities and governance model. In this context, tax administration plays a key role in economic development and is an important performance...
Sri Lanka, Chinese mega investment of US$ 3.7 billion stalled
Asia News
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July 2, 2025
The largest foreign investment in the history of Sri Lanka has been on hold since the start of the year. Differences between the government over local market share have stopped the Sinopec project in Hambantota. The economic recovery plan has...
IMF Executive Board approves another US$350 million to Sri Lanka
Colombo Gazette
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July 2, 2025
The Executive Board of the International Monetary Fund (IMF) has approved another US$350 million to Sri Lanka under the 48-month Extended Fund Facility (EFF) Arrangement. This brings the total IMF financial support disbursed so far to SDR1.27...
30 kg of processed sea cucumber, meant to be smuggled to Sri Lanka, seized in Nagapattinam
The Hindu
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July 2, 2025
In a coordinated operation, the Coastal Security Group police in Nagapattinam district seized 30 kilograms of processed sea cucumber, allegedly meant for illegal export to Sri Lanka. The seized consignment, valued at approximately ₹4 lakh, has...
Sri Lanka plans e-invoicing for VAT, link POS machines to Inland Revenue
EconomyNext
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July 2, 2025
ECONOMYNEXT – Sri Lanka is working on starting e-invoices which will be directly linked to the tax office to digitalize the value added tax payments, Deputy Minister of Economic Development Anil Jayantha Fernando said. “We have to bring the...
Aarunya Nature Resort Unveils ’Sol Sanctuary,’ a Celestial New Wellness Retreat in Sri Lanka’s Central Highlands
Hospitality Net
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July 2, 2025
In Sri Lanka's Central Highlands, where tea gardens and spice groves meet the clouds, a new kind of sanctuary is unfolding: not a resort, but a reimagining of retreat. Set within a private ten-acre estate overlooking the UNESCO-listed Knuckles...
Sri Lankan Corporate Sector Rebounds as Exports and Tech Drive Growth
Lanka News Web
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July 2, 2025
Sri Lanka’s corporate sector is regaining momentum in 2025, buoyed by a strong resurgence in exports and a thriving technology industry. Key data from the Export Development Board (EDB) highlights a 7.14% year-on-year rise in total exports during...
Sri Lanka Apparel Sector Resilient Amid US, UK Export Decline
Lanka News Web
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July 2, 2025
Sri Lanka’s apparel sector continues to demonstrate resilience despite global uncertainties, including looming tariff threats from the United States and ongoing demand volatility in key Western markets. As the country’s largest industrial export...
Starlink Launched in Sri Lanka: Elon Musk’s SpaceX Launches Satellite Internet Services After Bangladesh and Bhutan, Coming in India Soon
Latestly
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July 2, 2025
New Delhi, July 2: Starlink, the satellite internet service owned by Elon Musk, officially launched its services in Sri Lanka on Wednesday. With this launch, Sri Lanka has become the third country in South Asia -- and another of India’s neighbours...
Sri Lanka gets $ 2.5 m from Japan to strengthen anti-corruption mechanisms
Daily FT
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From left: Justice Minister Harshana Nanayakkara, Ambassador of Japan to Sri Lanka Akio Isomata, United Nations Development Program (UNDP) in Sri Lanka Resident Representative Azusa Kubota, Commission to Investigate Allegations of Bribery or...