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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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 Sri Lanka Apparel Exporters Association (SLAEA) has identified deeper integration with India, accelerated technology adoption, and urgent policy reforms as its key priorities for 2026. SLAEA Chairperson Rajitha Jayasuriya said the industry seeks quota-free access to India, stable trade flows, and stronger regional value chains to sustain growth amid rising competition from Cambodia, Vietnam and Bangladesh.
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Sri Lanka’s economy remains fragile after its 2022 crisis, with foreign exchange shortages, rising debt, and limited access to international capital markets. In this context, Saudi investment especially from the Public Investment Fund (PIF) could be transformative.
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