The Government has approved amendments to SIM card registration regulations requiring re-registration of mobile numbers issued before 2 August 2019.
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Sri Lanka will host the IRONMAN 70.3 Colombo triathlon on February 22 at Port City Colombo, attracting nearly 1,000 athletes from over 49 countries. Organized by Serendib Multisport, the event is expected to generate high-value tourism and international media exposure.
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NDB Investment Bank Limited (NDBIB) announced it has syndicated a five-year, US$40 million loan to Maldives Airport Company Limited (MACL) to finance the new passenger terminal at Velana International Airport.
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The Sri Lanka Chamber of Small and Medium Industries (SLCSMI) has unveiled a Rs. 300 billion “Bad Bank” proposal to address the SME sector’s debt crisis, which includes an estimated Rs. 460 billion in non-performing loans.
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Sri Lanka this week hosted its first Lanka Impact Investment Summit 2026 in Colombo, drawing more than 200 local and international delegates to explore new financing avenues for economic recovery.
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Chinese Ambassador to Sri Lanka Qi Zhenhong reaffirmed Beijing’s commitment to strengthening bilateral ties as he addressed a Spring Festival celebration in Colombo on Sunday.
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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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