Sri Lanka begins construction of new fuel storage tanks to prevent future crises

Posted by Editor on September 17, 2025 - 7:41 pm Sri Lanka President Anura Kumara Dissanayake today (September 17) emphasized that a crisis like the one in 2022, where people died in fuel and gas queues due to shortages, will never be allowed to...

Sri Lanka GSMB poor royalty charge, inefficiencies revealed before COPE: Parliament

ECONOMYNEXT – Sri Lanka’s Geological Survey and Mines Bureau (GSMB) has been losing millions of rupees due to poorly charged royalty fees amid numerous inefficiencies, the parliament Committee on Public Enterprises (COPE) meeting was told...

Sri Lanka parliament committee approves National Building Research Institute Bill

ECONOMYNEXT – Sri Lanka’s Geological Survey and Mines Bureau (GSMB) has been losing millions of rupees due to poorly charged royalty fees amid numerous inefficiencies, the parliament Committee on Public Enterprises (COPE) meeting was told...

Resumption of Chinese-built project reflects sound development of ties: Sri Lankan president

COLOMBO, Sept. 17 (Xinhua) -- Sri Lankan President Anura Kumara Dissanayake said Tuesday that the resumption of a Chinese-built project in Sri Lanka shows the close communication and cooperation between the two countries and the sound development...

Uga Prāva Opens in Tangalle, Sri Lanka

Uga, the boutique Sri Lankan hotel group renowned for its world-class hospitality, is delighted to announce the opening of its seventh property, Uga Prāva, on 15th July 2025. Perched along the breathtaking shores of Tangalle on the south Sri...

Kashmir’s Azim Parveez scores on India U-17 debut at SAFF Cup in Sri Lanka

Srinagar, Sep 17: Seventeen-year-old forward Azim Parveez, who started his football training with Downtown Heroes FC, marked his international debut in style by scoring for India in the SAFF U-17 Championship 2025 in Sri Lanka, a milestone hailed...

A Strategic Imperative: Restoring the Medical Backbone of the Sri Lanka Army

Narahenpita Military Hospital, an establishment critical in providing a backbone to the military forces during the civil conflict, is now facing multitudes of crises, from drug shortages to systemic failures and brain drain. A ‘brain drain’ of...

Sri Lankan shares close higher as IT, utilities lead gains

Sri Lankan shares closed higher on Wednesday, as gains in information technology and utilities helped boost the index. The CSE All-Share index rose 0.76% to 20,775.42. Industrial Asphalts (Ceylon) and Muller & Phipps (Ceylon) were the top...

From Nepal to Sri Lanka and Bangladesh, a crisis of democracy that has lessons for India

September 17, 2025 06:29 PM IST First published on: Sep 17, 2025 at 06:29 PM IST The massive street protests in Sri Lanka (2022), Bangladesh (2024) and Nepal (2025) toppled three legitimately elected governments primarily because the demos, common...

Sri Lanka resumes key highway project with $500 million new Chinese funding

By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka resumed construction of a stalled highway project with a new $500 million Chinese loan on Wednesday, the first funding from its largest bilateral creditor since the island nation defaulted on its...

How Global Trends Affect Sri Lanka

Photo courtesy of Mint In today’s interconnected world, Sri Lanka finds itself at the heart of many global currents from economic shocks and shifting power rivalries to climate challenges and regional security concerns. In a CPA and Groundviews...

Sri Lanka, China Accelerate Development Together

COLOMBO (News 1st); After years of slowed progress, Section 1 of the Central Expressway Project in Sri Lanka has officially resumed full-scale construction, marking a pivotal moment in the country’s infrastructure development and bilateral...

Sri Lankan apparel workers stage protest against Trump’s tariffs

Sri Lanka's trade tariff was reduced to 20 per cent from earlier 44 percent following negotiations with the US trade departmentColombo, Hundreds of Sri Lankan apparel industry workers took to the streets on Saturday in Colombo to protest against...

Sri Lanka’s economy grows 4.9% YoY in Q2 2025

Sri Lanka’s economy grew by 4.9 per cent year on year (YoY) in the second quarter (Q2) this year, according to official data.The Q2 2025 gross domestic product (GDP) at constant prices was SLR 2,883,559 million (~$9.55 billion) compared to SLR...

Sri Lanka is on the Front Line of the Battle for Accountability

For many people around the world, the memory of atrocities that shocked us is often overwritten a few years later by new horrors. But for survivors and the families of victims, the suffering never ends. Worse still, military and political leaders...

Adani-led Sri Lanka container terminal to double capacity ahead of deadline

COLOMBO: India’s Adani Group and its partners are set to double the capacity of a $840 million container terminal in Colombo months ahead of schedule, despite relinquishing $553 million in U.S. funding, an executive at partner firm John Keells...

Exclusive-Adani-led Sri Lanka container terminal to double capacity ahead of deadline

By Krishna N. Das and Uditha Jayasinghe COLOMBO (Reuters) -India's Adani Group and its partners are set to double the capacity of a $840 million container terminal in Colombo months ahead of schedule, despite relinquishing $553 million in U.S....

Sri Lanka’s graphite sector struggles with output, licensing, and lost potential

Sri Lanka, home to some of the world’s highest-quality vein graphite, is once again at a crossroads in revitalising its graphite industry. The government’s recent decision to seek investors to develop the Kahatagaha mine under a public-private...

Sri Lanka Set to Begin $3.7 Billion Sinopec Refinery Project Amid Push for Greater Fuel Market Access

Sri Lanka expects Chinese energy giant Sinopec to begin construction on a $3.7 billion oil refinery this year, while negotiations continue over the company’s request for expanded access to the domestic fuel market, Energy Minister Kumara Jayakody...

Sri Lanka Insurance Corporation General continues legacy of excellence with ‘General Insurance Summit 2024’

Sri Lanka Insurance Corporation General Ltd. (SLICGL) successfully concluded its prestigious ‘General Insurance Summit 2024’ on 20 and 21 June at the Shangri-La Hambantota. Organised under the inspiring theme ‘Celebrating Excellence – The Legacy...