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Sri Lanka Moves toward Gaming Reform with Cabinet Nod to Regulatory Bill

In a decisive move hailed by policy think tank Advocata Institute, the Sri Lankan Cabinet has given overwhelming approval to the proposed Gambling Regulatory...

Govt Fast-Tracks SOE Reforms with New Legislation Backed by IMF

The government is moving swiftly to overhaul State-Owned Enterprises (SOEs) through a new Public Commercial Businesses Bill, designed to improve management, enforce financial discipline,...

Sri Lanka’s Foreign Reserves Drop by USD 205 Million in April Amid Debt and Liquidity Challenges

Sri Lanka’s gross official foreign exchange reserves declined by USD 205 million in April 2025, falling to USD 6.33 billion from USD 6.53 billion...

Government Seeks Proposals for 100 MW Wind Energy Project amid Green Energy Push

In pursuit of its ambitious goal to generate 70% of its electricity from renewable sources by 2030 and achieve carbon neutrality by 2050, Sri...

Trump calls election of first American pope a ‘great honour’

US President Donald Trump has called the election of the first American pope, Robert Francis Prevost, who will be known as Pope Leo XIV,...

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