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Port City Expansion: Regulations for 68 Strategic Businesses Head to Parliament

Srilanka, Sept. 1 -- The Cabinet of Ministers has approved a proposal presented by the President, in his capacity as the Minister of Finance, Planning, and Economic Development, to present to Parliame... Read More


Cabinet Approves Bilateral MoU Between Sri Lanka and China on Immigration Control Cooperation

Srilanka, Sept. 1 -- The Cabinet of Ministers has granted approval to enter into a bilateral Memorandum of Understanding (MoU) on immigration control cooperation between the Department of Immigration ... Read More


Sri Lanka to Install 300,000 Smart Meters Under Time-of-Use Billing Project

Srilanka, Aug. 25 -- Sri Lanka's Cabinet has approved a two-year project to install 300,000 smart electricity meters equipped with a Time-of-Use (TOU) billing system as part of efforts to modernise th... Read More


Sri Lanka Revises Renewable Energy Feed-in Tariffs

Srilanka, Aug. 24 -- Sri Lanka's Public Utilities Commission has approved new feed-in tariffs for renewable energy power projects, effective August 25, 2026, and valid until February 24, 2027. The re... Read More


Cabinet Approves Publication and Parliamentary Submission of New 'Protection of the State from Terrorism' Bill

Srilanka, Aug. 18 -- Sri Lanka's Cabinet of Ministers has formally approved a proposal to publish the draft bill for the 'Protection of the State from Terrorism Act' in the Government Gazette and subs... Read More


Governor's remarks do not signal future policy rate path or level: CBSL

Srilanka, Aug. 13 -- The Central Bank of Sri Lanka (CBSL) clarified that recent media reports had misinterpreted remarks made by the Governor during a media interview. CBSL said its monetary policy i... Read More


Sri Lanka remains vulnerable to energy price shock but is more resilient than in the past - Moody's Ratings

Srilanka, Aug. 12 -- Bangladesh (B2 negative), Pakistan (Caa1 stable) and Sri Lanka (Caa1 stable) are among the most vulnerable economies in Asia to high oil prices stemming from the Middle East confl... Read More


Cabinet Approves Tender to Build Three Fuel Storage Tanks at Muthurajawela Terminal

Srilanka, Aug. 11 -- The Cabinet of Ministers has approved a proposal by the Minister of Energy to award the contract for constructing three new fuel storage tanks at the Muthurajawela Terminal to a j... Read More


Cabinet Approves Rs. 1 Bn Funding Package for Lanka Metro Transit

Srilanka, Aug. 11 -- The Cabinet of Ministers has approved a total funding allocation of Rs. 1,067.5 million for Lanka Metro Transit (Private) Limited, comprising Rs. 800 million in equity capital for... Read More


Cabinet Approves $200 Mn ADB Loan for Trade, Investment, and Industrial Development

Srilanka, Aug. 4 -- The Cabinet of Ministers has approved a proposal submitted by President Anura Kumara Dissanayake, in his capacity as the Minister of Finance, Planning and Economic Development, to ... Read More