Dialog Axiata PLC recorded strong financial results for FY25, driven by growth across mobile, broadband, and digital services. Group revenue reached Rs. 179.6 billion, up 5%, while EBITDA surged 30% to Rs. 86 billion, supported by improved margins and cost-rescaling initiatives.
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Sri Lanka will not face another sovereign debt crisis, according to Central Bank Governor Dr. Nandalal Weerasinghe, who has dismissed concerns about renewed default risks from 2028 onward. However, official data indicates that annual external debt servicing is set to rise from around $2.75 billion through 2027 to as much as $3.5 billion thereafter, with peaks nearing $4 billion in …
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Sri Lanka’s tourism industry entered 2026 with strong visitor arrivals but weaker earnings, raising concerns over policy direction and value creation. Tourism revenue in January fell 6 percent year-on-year to $378.5 million, even as arrivals climbed 10 percent, according to official data.
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Sri Lanka’s improving fiscal indicators and recovering household incomes mask deeper vulnerabilities in monetary and exchange rate policy, analysts warn. The latest IMF financing, including emergency assistance following Cyclone Ditwah, has eased immediate balance-of-payments pressure but highlighted structural weaknesses in the current framework.
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The Embassy of the Democratic Socialist Republic of Sri Lanka in Japan ceremoniously marked the 78th Anniversary of Sri Lanka’s Independence at an official event held in Tokyo. The celebration brought together members of the diplomatic community, Japanese officials, Sri Lankan expatriates, and friends of Sri Lanka to commemorate the nation’s rich heritage and enduring friendship with Japan.
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The Central Bank of Sri Lanka has launched investigations into 18 entities suspected of illegally collecting public deposits through plantation-based investment schemes, warning the public against promises of unusually high returns.
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Sri Lanka’s tea prices declined in January 2026, even as authorities expressed confidence in stronger production and export performance this year. According to Forbes & Walker Research, the National Sales Average fell both month-on-month and year-on-year, with all tea elevations recording negative variances in dollar terms.
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The Finance Ministry has formally established a Tax Policy Analysis Unit (TPAU) under the Department of Fiscal Policy, marking a key institutional reform aimed at strengthening Sri Lanka’s fiscal management framework.
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The Cabinet of Ministers has approved the Renewable Energy Resources Development Plan 2025–2030, a key policy framework aimed at meeting 70 percent of Sri Lanka’s electricity demand from renewable sources by 2030 and supporting the country’s goal of carbon neutrality by 2050.
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Prime Minister Dr. Harini Amarasuriya has underscored the Government’s commitment to inclusive economic growth at the MILCO National Dairy Farmers’ Profit Sharing, Insurance and Appreciation Programme 2026 at Temple Trees. Dr. Amarasuriya highlighted that the Government is on course to build an economy that delivers benefits to all citizens, citing the dairy sector’s progress as a key example. Organised …
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