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SL President seeks bilateral creditors coordination to unlock IMF EFF

Sri Lanka is now almost certain that the US $2.9 billion IMF’s Extended Fund Facility (EFF) would be unlocked soon, and following its release more funds are expected to flow into Sri Lankan coffers, from the World Bank, Asian Development Bank, and other agencies.

Sri Lanka industry down in February , services continue to decline: PMI

Sri Lanka’s manufacturing sector has continued its decline while services sector businesses have been facing a setback last month, according to a Purchasing Managers’ Index compiled by the central bank.

NDB Investment Bank expands its wings in the African region

NDB Investment Bank made inroads into the African region by acting as the exclusive Financial Advisor and Manager to the recently concluded transaction of Hela Apparel Holdings PLC.

Govt to take prompt action on, unfinished buildings including Krrish and Hyatt

The government is set to take immediate action on the ongoing unfinished mega mixed development projects and the abandoned unfinished buildings in Colombo municipal area including Hyatt and Krrish projects marred with irregularities and financial misappropriations.

Forbes Marshall celebrates 30 years of progressive success in Sri Lanka

Forbes Marshall Lanka Pvt Ltd, a leading provider of process efficiency and energy conservation solutions for the process industry, recently celebrated their 30th anniversary...

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Sri Lanka’s economic recovery faces a fresh test as...

President Orders Faster Development of Katunayake Airport and Domestic Airports

President Anura Kumara Dissanayake has directed officials to accelerate ongoing projects to increase passenger-handling capacity and improve facilities at Katunayake International Airport, while also advancing the development of domestic airports across the country to meet future aviation demands. The directive was issued during a discussion on the 2027 Budget proposals for the Ministry of Ports and Civil Aviation held at the Presidential Secretariat. During the meeting, the President reviewed the progress of development projects at Katunayake Airport and stressed the importance of completing them without delay. He also highlighted the need to expand supporting infrastructure, including road networks surrounding the airport, to improve accessibility and accommodate growing passenger traffic. Improving convenience and facilities for air travellers at both Katunayake International Airport and regional airports was another key focus of the discussion. The meeting was attended by Minister of Ports and Civil Aviation and Minister of Energy Anura Karunathilaka, Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando, and Deputy Minister of Ports and Civil Aviation Janith Ruwan Kodituwakku. Other participants included Chief of Staff to the President Prabath Chandrakeerthi, Senior Additional Secretary to the President and Secretary to the Ministry of Energy Russell Aponso, Secretary to the Ministry of Finance, Planning and Economic Development Dr. Harshana Suriyapperuma, and Secretary to the Ministry of Ports and Civil Aviation W. W. S. Mangala. Deputy Secretary to the Treasury A. K. Seneviratne, Director General of the Department of National Budget Jude Nilukshan, and other officials from the relevant institutions and the Ministry of Finance also attended the discussion.
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