Central Bank Repays $1.1bn to RBI, IMF as Reserves Remain Stagnant
Sri Lanka’s central bank has repaid over US$1.1 billion in reserve-related debt in the year to March 2025,
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People’s Bank records an all-time-high Profit before Tax in 1H 2025
People’s Bank yesterday said it reported an all-time-high Profit before Tax (PBT) of Rs. 28 billion in the first half of 2025.
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Maga Engineering gets Rs. 1.2 bn contract to repair Southern Expressway
The Cabinet of Ministers on Monday approved awarding a Rs. 1.2 billion contract to Maga Engineering Ltd.,
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Govt to award contract to local company to renovate section of Southern Expressway
The Cabinet of Ministers has granted approval to award the contract to a local company for the renovation of the section of the Southern Expressway between Kottawa and Dodangoda, covering 15 kilometers.
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Sri Lanka Corporate earnings increase 56% in Q2 2025
Sri Lanka’s listed corporate earnings increased by 56% year-on-year (y-o-y) in Q2 to Rs. 152 billion,
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President appoints 28-member Task Force to develop Tourism industry
A Presidential Task Force has been appointed for the implementation of the Sri Lanka Tourism Development Programme.
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CEAT signs $171m BOI deal to strengthen Sri Lanka’s tyre exports
CEAT OHT Lanka Ltd. has signed an agreement with the Board of Investment of Sri Lanka (BOI) for a $171 million investment,
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Board of Investment to Launch 7 New Investment Zones in 2025
The Board of Investment (BOI) of Sri Lanka has announced plans to establish seven new investment zones across the country this year,
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Estate Lake facilitates Colombo’s largest property deal valued at Rs. 4.5 bn
Estate Lake Real Estate yesterday said it facilitated a historic transaction valued at Rs. 4.5 billion for Home Lands Holding, marking the largest recorded real estate deal in Colombo’s history.
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National Audit (Amendment) Bill to give Auditor General more powers
The Parliament Secretariat yesterday said the National Audit (Amendment) Bill scheduled to be debated in Parliament received the approval of the Sectoral Oversight Committee on Governance,
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