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 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...

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...

Indian tech firms shortlisted for Sri Lanka digital ID meeting with ICTA and DRP

About a dozen Indian tech companies shortlisted for the Master Systems Integrator (MSI) role in Sri Lanka’s Unique Digital ID project will visit the country this week to meet in-person with representatives of the Information and Communication...

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 Ratifies UN Ocean Biodiversity Treaty

COLOMBO (News 1st); The Ministry of Foreign Affairs, Foreign Employment and Tourism has officially announced that Sri Lanka’s Instrument of Ratification for the United Nations Convention on the Law of the Sea on the Conservation and Sustainable...

Sri Lanka ratifies BBNJ Agreement to safeguard marine biodiversity

ECONOMYNEXT – Sri Lanka deposited its instrument of UN agreement on the Conservation and Sustainable use of Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ) with effect from this week, becoming state party to the convention...

Sri Lanka deposits its ratified marine biodiversity pact in UN

ECONOMYNEXT – Sri Lanka deposited its instrument of UN agreement on the Conservation and Sustainable use of Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ) with effect from this week, becoming state party to the convention...

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 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...

Sri Lanka: Emerging as Asia’s next startup and innovation hub

35 global investors for Venture Engine Finale PAYTM founder to deliver keynote at Disrupt Asia Sri Lanka’s rapidly growing startup ecosystem is drawing increasing regional and global attention, positioning the country as a rising innovation hub in...

CCM prioritizing Sri Lankan school-leavers’ practical skills development

In a strategic move to uplift and empower Sri Lanka’s next generation of IT professionals, the UK-headquartered College of Contract Management (CCM) is setting its sights on learners who need it most: school leavers with limited access to higher...

Need for reappraisal of overthrowing of Pakistan, Sri Lanka, Bangladesh and Nepal governments like houses of cards

The recent anti-immigration protests in London yet again displayed the power of social media. Organisers mustered as many as 150,000 people to demand that the UK take tangible measures to curb illegal immigration. Such a massive gathering wouldn’t...

Standard Chartered’s next chapter in Sri Lanka: Stability, partnerships and ‘here for good’

CEO – India and South Asia P.D. Singh Q: Sri Lanka has faced a period of significant economic and social challenges but is now beginning to show early indicators of recovery. From your perspective, how do you see this bounce back unfolding? A: Sri...

Stolen innocence, shattered lives: Sri Lanka’s digital heartbreak

Beneath its gleaming surface, a dark current runs, pulling vulnerable souls into an unseen depth Imagine the smooth, low voice, almost a vibration, dripping with false admiration painting a glittering hallucination against the backdrop of a girl’s...

Rewiring for growth: How Government and fintechs can power Sri Lanka’s digital revival

When banks, fintechs, and telecom networks interoperate, citizens can pay, save, borrow, and receive Government benefits and services on any compliant platform The world economy is entering a new phase, with growth and innovation increasingly...

Sri Lanka stocks close up, driven by capital goods, banks

ECONOMYNEXT – The Colombo Stock Exchange closed up on Tuesday following a cooling off, brokers said. The All Share Price Index was up 1.30 percent, or 263.98 points, at 20,619; while the S&P SL20 was up 1.19 percent, or 69.27 points, at 5,868....

Sri Lanka tax administration 20 years behind Africa, says Prof. Mick Moore

Prof. Mick Moore IRD struggles with outdated practices, poor recruitment and inadequate training Recent tax collection gains unsustainable due to high rates, vehicle imports In Colombo, only 20,000 of 110,000 businesses pay local taxes,...