Sri Lanka’s export sector has demonstrated remarkable resilience and steady progress during the first four months of 2025, with total exports reaching $ 5.583 billion, marking a robust 6.9% increase compared to the same period in 2024. The Sri Lanka Export Development Board (EDB) said this upward trend reflects renewed momentum across key industries and underscores the sector’s adaptability in …
Continue Reading
Six months after revealing layoffs affecting 9,000 workers, Nissan is more than doubling that amount and cutting 20,000 jobs within the next two years instead. In an announcement on Tuesday, Nissan publicized a recovery plan called “Re:Nissan,” which aims to save the company 500 billion yen ($3.4 billion). The cost savings will partly be realized through layoffs affecting 15% of …
Continue Reading
The Central Bank of Sri Lanka (CBSL) launched the Sustainable Finance Roadmap 2.0 on 05 May 2025 at the Atrium of CBSL, marking a key milestone in its continued efforts to foster a climate-resilient and socially inclusive financial system. The Central Bank of Sri Lanka (CBSL) launched the Sustainable Finance Roadmap 2.0 on 05 May 2025 at the Atrium of …
Continue Reading
At the invitation of His Excellency Luong Cuong, President of the Socialist Republic of Vietnam, President Anura Kumara Disanayake, who is currently on a state visit to Vietnam, extended an open invitation to Vietnam’s leading conglomerate, Vingroup, to explore investment opportunities in Sri Lanka’s real estate and tourism sectors. While congratulating the Vingroup for their achievements and for building a …
Continue ReadingThe easing of deflationary conditions that commenced in March 2025 continued into April 2025, in line with the Central Bank’s near-term projections. Accordingly, headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100), recorded a slower pace of deflation at 2.0% in April 2025 compared to the deflation of 2.6% recorded in March …
Continue Reading
The Head of South Asia Division, European External Action Service of the European Union Mr. Charles Whiteley stated that the European Union has a favorable perspective on the current GSP+ review process. He made these remarks during a meeting held today (30) at the Presidential Secretariat with President Anura Kumara Disanayake, as part of an official visit by a European …
Continue Reading
The purpose of this article is to inform the Cabinet discussion on Solar Power proposed by the Ceylon Electricity Board (CEB) Net metering and the Prosumer The CEB has put forward a motion to the Sri Lankan Cabinet which proposes to reduce the unit price payable under the various net metering schemes to the “prosumer” (the owner of a solar …
Continue Reading
old prices extended their record run on Tuesday, hitting a record high buoyed by safe-haven demand as investors braced for U.S. President Donald Trump’s planned announcement on reciprocal tariffs. Spot gold was up 0.3% at $3,133.01 per ounce at 1147 GMT, after hitting an all-time high of $3,148.88 earlier in the day. U.S. gold futures were 0.4% higher at $3,161.60. …
Continue Reading
The land allocation for both the grassland and the paddy fields remains a contentious issue This article by Ishanka Singha Arachchi originally appeared on Groundviews, an award-winning citizen journalism website in Sri Lanka. An edited version is published below as part of a content-sharing agreement with Global Voices. Sri Lanka’s ruling left-wing political alliance National People’s Power (NPP) party outlined its vision for …
Continue Reading
The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe emphasized the importance of promoting a sustainable and cost-effective construction industry in the country, highlighting key challenges and opportunities in the sector. Speaking at ‘Construction Expo 2025’ on Friday (14), Dr. Weerasinghe underscored the need for Sri Lanka to align with global trends in sustainable construction, integrating …
Continue Reading
