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Government Moves to Pass Public-Private Partnership Bill to Boost Investment Infrastructure

Srilanka, Oct. 20 -- The Cabinet of Ministers has granted approval to publish the Public-Private Partnership Bill in the Government Gazette and subsequently present it to Parliament for final legislat... Read More


Govt Tightens Import Regulations to Shield Domestic Tire Manufacturers

Srilanka, Oct. 20 -- Under the banner of ensuring a fair playing field for domestic industries, the government has moved to enforce strict quality compliance on imported motor vehicle tires. Acting on... Read More


Sri Lanka Outlines Strategic Development Plans for Colombo Port East and West Terminals

Srilanka, Oct. 13 -- Sri Lanka is preparing to revamp its maritime infrastructure by bringing in international shipping lines for terminal operations and advancing major expansion projects at the Port... Read More


Government Awards Rs. 1.07 Billion Contract to Upgrade Kandy-Jaffna Road Section

Srilanka, Oct. 13 -- Sri Lanka's Cabinet of Ministers has approved the awarding of a Rs. 1.07 billion contract to M/s Tudawe Brothers (Pvt) Ltd. for the widening and improvement of a critical stretch ... Read More


Government to Draft Revised State Assets Management Bill, Halting 2024 Draft

Srilanka, Oct. 13 -- Sri Lanka's Cabinet of Ministers has approved a proposal to suspend further action on the previously published State Assets Management Bill and instruct the Legal Draftsman to pre... Read More


Sri Lanka Accelerates Renewable Energy Transition, Grid Upgrades, and Competitive Tariff Reforms

Srilanka, Oct. 13 -- Sri Lanka is aggressively scaling up its renewable energy capacity while overhauling power procurement and transmission infrastructure to ensure stable, cost-effective electricity... Read More


Government Re-evaluates Private Fuel Distribution Contracts Amid Subsidy Extensions and Market Disruption

Srilanka, Oct. 13 -- Sri Lankan President Anura Kumara Dissanayake announced that the government is reviewing initial contractual agreements signed with private fuel distributors to address supply bot... Read More


Sri Lanka's Economy Reaches Pre-Crisis Levels but Recovery Uneven, says World Bank Group

Srilanka, Oct. 6 -- Sri Lanka's economy reached a significant milestone, reaching pre-crisis levels. But the recovery remains incomplete and uneven, with household incomes and labor market outcomes st... Read More


Sri Lanka's Exports Surpass US$ 12 Bn in First Eight Months of 2026

Srilanka, Sept. 23 -- Sri Lanka's export sector has surpassed the US$ 12 Bn mark during the first eight months of 2026, with total exports reaching US$ 12.01 Bn, an increase of 4.26% compared with US$... Read More


Fitch Upgrades Sri Lanka to 'B-' from 'CCC+'; Outlook Stable

Srilanka, Sept. 22 -- Fitch Ratings has upgraded Sri Lanka's Long-Term Issuer Default Ratings (IDRs) to from 'CCC+'. The Outlook is Stable. The upgrade reflects the implementation of macro-stabilizat... Read More