The Central Bank of Sri Lanka (CBSL) plans to increase the daily digital payment volume by about 30%, a senior official said during a public event promoting digital transactions.
Continue Reading
The much-awaited Kandy Esala Perahera begins today, July 30, 2025. The grand procession will continue daily until August 8, 2025. The festival will conclude with the traditional Diyakepuma ceremony on August 9, 2025. This schedule marks the official timeline for one of Sri Lanka’s oldest and most celebrated Buddhist festivals, drawing thousands of devotees and tourists from across the globe. …
Continue Reading
Sri Lanka’s tourism industry has crossed the 1.3 million mark in arrivals for 2025, reflecting a steady year-on-year (YoY) growth,
Continue Reading
A total of 145,188 tourists have arrived in the country thus far in July, data from the Sri Lanka Tourism Development Authority (SLTDA) shows.
Continue Reading
The Sri Lanka Convention Bureau (SLCB) plans to open the 4,000-seat hall at Temple Trees, the Prime Minister’s official residence, for meetings, incentives, conferences, and exhibitions (MICE), according to Chairperson Dheera Hettiarachchi. Speaking at the launch of Sri Lanka MICE Expo 2025, Hettiarachchi said the venue has not been publicly promoted for such events due to political restrictions but holds …
Continue Reading
The Central Bank of Sri Lanka has kept its main interest rate steady at 7.75%, saying the current policy is right for the country’s recovering economy. However, the bank also said it might lower rates again later this year if inflation stays low. Central Bank Governor Dr. Nandalal Weerasinghe said inflation is expected to rise slightly in the coming months …
Continue Reading
Sri Lanka capital investment projects will take off soon with the delays being addressed, Cabinet Spokesman and Media Minister Nalinda Jayatissa said.
Continue Reading
Credit card usage in Sri Lanka is on the rise as economic stability returns and interest rates continue to decline.
Continue Reading
Sri Lanka has registered a remarkable 101% year-on-year (YoY) surge in realised foreign direct investment
Continue Reading
Sri Lanka’s economy is expected to grow by 3.5% this year, after recording 5% growth last year, according to the World Bank, showing signs of steady recovery from the 2022 financial crisis. However, the International Monetary Fund (IMF) warns that global trade issues, especially with the United States could slow down that progress. In a statement issued after completing its …
Continue Reading