Sri Lanka’s first MRI with Siemens Healthineers’ Deep Resolve AI technology sets a new national benchmark in diagnostic imaging, bringing a level of capability not previously available in the country and marking another step forward in advancing Sri Lanka’s healthcare standards. Hemas Hospitals has brought a new class of MRI technology to Sri Lanka with […]
Sampath Bank PLC’s debenture issue attracted applications exceeding Rs. 10 billion, surpassing the maximum amount available under the offer. In a stock exchange disclosure, the bank said the issue would close at 4.30 p.m. on October 20 in accordance with its prospectus. The basis of allotment will be announced to the Colombo Stock Exchange in […]
Sri Lanka’s banks increased lending to overseas borrowers by more than 50 percent in the year to June 2026, with offshore loans accounting for over a third of their outstanding foreign currency credit, even as emerging risks linked to the Middle East conflict placed growing pressure on loan portfolios, according to Central Bank of Sri […]
Sri Lanka’s Cabinet of Ministers have approved the publication of a new bill to establish a National Agency for Public-Private Partnerships (PPPs) and provide the legal framework to promote and facilitate PPP projects in the country. Approval to introduce the legislation was initially granted at the Cabinet meeting held on 2 June 2025. Accordingly, the […]
The Sri Lanka–Thailand Business Council (SLTBC) has sought a clear roadmap for implementing the Sri Lanka–Thailand Free Trade Agreement (FTA) and details on proposed employment opportunities for 10,000 Sri Lankan workers in Thailand. The Council’s delegation, led by President Rizan Nazeer and comprising several executive committee members, met Thai Ambassador to Sri Lanka Paitoon Mahapannaporn […]
Premium International Injectable (Private) Limited is advancing the development of its pharmaceutical manufacturing facility in Sri Lanka, marking a significant step in the company’s commitment to strengthening local manufacturing capabilities and establishing a foundation for future growth in the country’s pharmaceutical sector. The state-of-the-art facility, which is being developed to European standards within a Board […]
CHEC Port City Colombo (Pvt) Ltd. and the Department of Town and Country Planning of the University of Moratuwa have signed a Memorandum of Understanding (MoU) to strengthen collaboration between academia and industry in urban development, urban informatics, research, innovation and talent development. Signed on 29 September 2026 at the University of Moratuwa, the agreement […]
The Central Bank of Sri Lanka (CBSL) has ruled out a lower inflation target for now. It concluded that a goal below 5% would force a prolonged period of tight monetary policy on an economy still recovering from crisis and exposed to repeated external shocks. CBSL Senior Deputy Governor Dr. Chandranath Amarasekara set out the […]
Sri Lanka generated USD 2,245.2 million in tourism revenue during the first nine months of 2026, welcoming a total of 1,693,679 international visitors, according to official data released by the Central Bank of Sri Lanka (CBSL) and the Sri Lanka Tourism Development Authority (SLTDA). The island nation’s tourism sector maintained a steady momentum into the […]
Sri Lanka has presented US$65.1 million worth of investment opportunities in high-value agricultural exports, targeting technology-driven companies to transform traditional commodities into premium products for global markets. The Board of Investment of Sri Lanka (BOI) showcased four investment-ready value chains covering Ceylon cinnamon, coffee, black pepper and sea cucumber at the Food and Agriculture Organization […]