State Minister of Urban Development and Housing Arundika Fernando participating in a press conference held on Friday (22) at the Presidential Media Centre, under the theme ‘Collective Path towards a Stable Country.’ said that the government intends to introduce a new environmental and ocean protection bill which will play a vital role in safeguarding our […]

By Hiran H.Senewiratne The overall business sentiment at the CSE improved yesterday following the Department of Census and Statistics announcement that Sri Lanka’s national inflation rate has come down to 2.1 percent, which at one time moved up close to 70 percent last year, market analysts said. Further, the market also got a boost when […]

President Ranil Wickremesinghe addressed the UN General Assembly in New York on Thursday (21)  on the theme “Rebuilding trust and reigniting solidarity” and its relevance to Sri Lanka’s recent challenges. He mentioned how Sri Lanka faced significant social, economic and political challenges in the past year, including threats to democratic traditions but has managed to […]

Acting Finance Minister Ranjith Siyambalapitiya during a press conference held today (21) at the Presidential Media Center, focusing on the theme of ‘Collective Path to a Stable Country’ said that over the past year, the government successfully increased the country’s foreign reserves from 1.8 billion dollars to 3.8 billion dollars. He added that in August […]

President Ranil Wickremesinghe, speaking at the Climate Ambition Summit on the sidelines of the UN General Assembly on Wednesday (20), affirmed Sri Lanka’s commitment to the Secretary General’s accelerated climate agenda. He highlighted the importance of tangible climate actions and commended the delegates for their valuable suggestions. President Wickremesinghe drew attention to the significant e...

… warns that it could potentially damage both investment prospects and freedom of expression SJB MP and Chair of the Committee on Public Finance, Harsha de Silva, on Tuesday (19), criticised the government’s move to introduce the online safety bill, calling it an “archaic and draconian piece of legislation” that violates fundamental principles and represents […]

The Chairman of the Federation of Information Technology Sri Lanka (FITIS), Indika De Soysa, has projected a substantial boost of 15 billion US dollars to Sri Lanka’s gross domestic product (GDP) through the expansion of the digital economy, by the year 2030.  Presently, the digital economy

Divaina Business and Finance Editor Shyam Nuwan Ganewatta’s latest book Arthika Gathanaya (economic assassination) will be launched at 11.30 am at the 2023 Colombo International Book Fair at the BMICH on 25 Sept. The book reveals how the Sri Lankan economy crashed in 2022

Recognises Bank for highest number of transactions in country’s trade and supply chain finance domain between 1 July 2022 and 30 June 2023 The Commercial Bank of Ceylon has once again been declared the Asian Development Bank’s (ADB’s) ‘Leading Partner Bank’ in Sri Lanka for trade and finance transactions, in a significant reaffirmation of the […]

Piyumi Ranadewa is a Research Assistant working on migration and urbanisation policy research at IPS. She holds a BSc (Hons) in Agriculture, specialising in Agriculture Economics and Business (First Class) from Wayamba University of Sri Lanka, graduating with Dean’s Honours. She also holds a Master of Agri-Enterprise and Technology Management from Wayamba University of Sri […]

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State Minister for Social Empowerment, Anupa Pasqual, attending a news conference held at the Presidential Media Center, themed Collective Path to a stable country, emphasized that empowering the disabled community is pivotal to boosting the country’s productive economy and announced

“Our focus is on achieving 70% renewable energy by 2023. This includes 25% from solar panels, 15% from wind power, and 10% from natural gas. However, transitioning the energy mix is a gradual process, requiring meticulous planning and execution. We aim to reach 60% renewable energy by 2026 and eliminate fossil fuel-based electricity generation by […]

Former State Minister Dr. Nalaka Godahewa, MP yesterday pointed out that a careful look at the Central Bank’s 2023 data revealed that the much-touted promise to build a thriving export-oriented economy under the current government was only a pipedream. Addressing the media at the Nidahasa office

The United States and Sri Lanka marked the fourteenth Trade and Investment Framework Agreement (TIFA) Council Meeting in Colombo today (18), solidifying their commitment to enhancing trade and investment relations. The technical level meeting, co-chaired by  K.J. Weerasinghe of the Government of Sri Lanka and  Brendan Lynch, Acting Assistant United States Trade Representative for South […]

Iran has released five American prisoners, moving them to Tehran’s airport for a flight to the Qatari capital, Doha, as part of a prisoner exchange with the United States. Four of the five were moved to house arrest last month as part of the deal. The fifth prisoner had been moved to house arrest earlier. […]

The country’s economy has contracted at the rate of 3.1% in the second quarter of 2023, according to recent data by the Census and Statistics Department. The Department in its estimated Gross Domestic Product (GDP) for the second quarter of 2023, on Friday said that this economic downturn marked