Author: LBO Admin
London-Colombo FinTech WealthOS demonstrates breakthrough migration capability
The technology built by WealthOS, a London/Colombo-based cloud-native wealth tech SaaS, has powered the migration of 126,000 UK ISA and Junior ISA accounts from Embark (FNZ) to Quai Digital, its flagship UK client and a London-based white-label digital savings and investment platform services provider. The migration was conducted on behalf of The Children’s ISA (TCI), […]
RIUNIT apartment market analysis: Colombo 5 shines
When conducting the latest analysis of real estate data (Q3 2025), one of the most positive observations that can be made is with respect to the recovery of the apartment market prices in Colombo measured in USD. Whilst average apartment prices, measured in LKR continued to witness an upward incline, even during COVID and the […]
Online Government services are now in full operation
The Information Communication Technology Agency of Sri Lanka (ICTA) is pleased to announce that the technical issues which caused the recent disruption to the Lanka Government Cloud (LGC) services have been fully resolved. All affected online government services are now fully operational and accessible to the public. ICTA assures the public and government institutions that […]
IPS Releases the Sri Lanka: State of the Economy 2025 Report
▪ Sri Lanka must now convert its strong cyclical growth recovery to a structurally driven growth process. ▪ Technology infusion and digitalisation can lift productivity while reforms to institutions, regulations, and economic policies filter through. ▪ External uncertainties and compulsions should hasten policy focus on the domestic economic agenda. Sri Lanka is witnessing the positive […]
EDB “Trade Facilitation Task Force” Convenes to Enhance Export Efficiency
As a strategic step towards developing a mechanism to address challenges in the export value chain, the Export Development Board (EDB) has established a Trade Facilitation Task Force, which held its second networking session today (October 14) at the Export Development Board. The event was attended by Mr. Mangala Wijesinghe, Chairman and Chief Executive Officer […]
Interruption to Selected Online Government Services
Due to a disruption in the Lanka Government Cloud (LGC), several online services managed by various government organizations have been temporarily affected. These include the Birth, Marriage, and Death (BMD) Certificate System of the Registrar General’s Department, the e-Revenue License System (eRL 2.0) of the Provincial Departments of Motor Traffic (except the Western Province), the […]
LMD 100 recognises Hayleys as Sri Lanka’s leading listed corporate for 2024/25
Tops ‘Sri Lanka’s version of the Fortune 500’ for the 10th time Contribution of 5.4% to national export income in 2024-25 ‘AAA (lka)’ National Long-Term (with a stable outlook) by Fitch Ratings for 2025 Hayleys PLC has been ranked as Sri Lanka’s leading listed corporate in the 32nd edition of the […]
IMF Staff Reaches Staff-Level Agreement on the Fifth Review Under SL’s EFF Arrangement
IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the Fifth Review of Sri Lanka’s reform program supported by the IMF’s Extended Fund Facility. Once the review is approved by the IMF Executive Board, Sri Lanka will have access to about US$347 million in financing. The economic reforms […]
VIDEO: NVIDIA and OpenAI Announce ‘the Biggest AI Infrastructure Project in History’
NVIDIA CEO Jensen Huang, OpenAI CEO Sam Altman, and OpenAI President Greg Brockman described a new strategic partnership to fuel OpenAI’s growth — and enable AI at scale for virtually every industry and user. Through the partnership, OpenAI will deploy at least 10 gigawatts of NVIDIA systems for OpenAI’s next-generation AI infrastructure, including the NVIDIA […]
New Case-File Tracking System Revolutionises Anti-Corruption Investigations
In a landmark move to enhance the efficiency and effectiveness of addressing bribery and corruption related matters in Sri Lanka, the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) in partnership with the United Nations Development Programme (UNDP) in Sri Lanka, with funding from the Government of Japan through the Japanese Supplementary Budget (JSB) […]
Sri Lanka’s Economic Recovery Remains Incomplete as Key Challenges Remain, says World Bank
Sri Lanka’s recent economic performance has been strong. Despite this, the recovery remains incomplete, with growth still below pre-crisis levels and poverty significantly elevated. Strengthening the recovery will require continued macroeconomic stability, urgent structural reforms, and more efficient, better-targeted public spending, says the World Bank. Released today, the latest Sri Lanka Development Update, Better Spending for […]
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FitchRatings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC+’. Fitch typically does not assign Outlooks to sovereigns with a rating of ‘CCC+’ or below. A full list of rating actions is at the end of this Rating Action Commentary. Key Rating Drivers Ratings Affirmed: Sri Lanka’s ‘CCC+’ sovereign rating remains constrained by […]