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NDB’s GSS+ Bond Issuance Breaks New Ground with Record LKR. 16 Bn Raised
National Development Bank PLC (NDB) commemorated raising LKR. 16 bn with its first ever issuance of BASEL III compliant GSS+ (Green, Social, Sustainable & Sustainability Linked) bonds and the country’s largest issuance of GSS+ bonds to date by way of a market opening ceremony conducted on the trading floor of the Colombo Stock Exchange (CSE) […]
Uber and PickMe urge Government to allocate higher fuel quotas
The country’s leading app-based platforms, Uber and PickMe, have urged the government for support to keep Sri Lanka moving in light of the latest fuel constraints. Highlighting the critical role played by ride-hailing and delivery platforms in helping people access transport, food and essential services, the platforms have jointly asked for higher fuel quotas for […]
Sri Lanka and Brazil Successfully agree to elevate Bilateral Trade to USD 1 Billion
The Second Round of Bilateral Political Consultations between Sri Lanka and Brazil were held on 20th March, 2026 at the Ministry of Foreign Affairs, Foreign Employment and Tourism in Colombo, marking an important step in further strengthening the longstanding and friendly relations between the two countries. The meeting was co-chaired by Secretary to the Ministry, Aruni […]
Oil Equilibrium: Why Global Energy Prices Could Redefine Sri Lanka’s Economic Future
By Dr. Gayan Gunewardana (MBA, CIMA/CGMA, FRM/ GAP, AIB) & Y.K Sajani Harishchandra (MBA, ACA) 1. Introduction: When Oil Moves, Economies Shift In the modern global economy, oil is more than a commodity; it is a macroeconomic force that shapes inflation, trade balances, fiscal stability, and the pace of global growth. For Sri Lanka, the […]
To reach US$8 billion, Sri Lanka apparel must grow differently
By Felix Fernando, Chairman, Joint Apparel Association Forum (JAAF) Sri Lanka’s apparel industry has earned its place in the global market through consistency, trust,and a strong reputation for ethical manufacturing. Over many years, we have shown that Sri Lanka can deliver quality, compliance, and reliability at a level that global brands value. That foundation remains […]
Import Price Shocks of the Hormuz Crisis 2026: How Will This Affect Sri Lanka?
Dr Asanka Wijesinghe, Research Fellow, Institute of Policy Studies of Sri Lanka The closure of the Strait of Hormuz has unsettled global energy markets. According to the International Energy Agency (IEA), 20 Mn barrels of crude oil products were transported through the Strait in 2025, which accounted for a quarter of the world’s daily energy […]
IMF Team Set to Visit Colombo for Crucial Dual Review
The International Monetary Fund (IMF) has confirmed that a staff team led by Mission Chief Evan Papageorgiou will visit Colombo from March 26 to April 9, 2026. This mission is designed to facilitate high-level discussions with Sri Lankan authorities regarding the nation’s ongoing economic recovery and policy trajectory. The visit marks a critical juncture for […]
Banks to maintain uninterrupted services; SLBA urges public to use digital channels
The Sri Lanka Banks’ Association (SLBA) has assured the public that banks will continue to operate on all five weekdays as an essential service, despite the temporary measures introduced to conserve fuel and energy resources. Accordingly, banks will remain open from Monday to Friday, including Wednesdays, with operations on Wednesdays limited to the hours of […]
VIDEO: Petrodollar Under Threat? Iran’s Petro-Yuan Oil Plan Via Hormuz | Explained
Iran may be considering a dramatic economic counterstrike in the escalating US-Iran conflict — targeting the very foundation of Washington’s global financial power: the petrodollar system. Reports suggest Tehran could allow oil tankers to pass through the Strait of Hormuz only if transactions are settled in Chinese yuan, a move that could challenge decades of […]
EDB Chairman Announces Fast-Track Fuel Supply for Exporters Amid Fuel Shortage
In a critical response to Sri Lanka’s escalating fuel shortages driven by Middle East tensions and QR rationing, Export Development Board (EDB) Chairman Mangala Wijesinghe has highlighted a priority program to ensure exporters receive their essential fuel stocks without delay. Treating the export sector as the nation’s top priority, this government-backed initiative aims to shield […]