Credit Card Usage Rises as Economy Recovers and Rates Fall
Credit card usage in Sri Lanka is on the rise as economic stability returns and interest rates continue to decline.
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Sri Lanka’s FDI Surges 101% in H1 2025, Hits $507 Million
Sri Lanka has registered a remarkable 101% year-on-year (YoY) surge in realised foreign direct investment
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IMF warns of trade threats to SL’s growth
Sri Lanka’s economy is expected to grow by 3.5% this year, after recording 5% growth last year, according to the World Bank, showing signs of steady recovery from the 2022 financial crisis. However, the International Monetary Fund (IMF) warns that global trade issues, especially with the United States could slow down that progress. In a statement issued after completing its …
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SL ahead in digital finance access, says WB report
The Global Findex 2025 report by the World Bank highlights that Sri Lanka has performed better than many South Asian countries in providing access to bank accounts and digital payments. According to the report, over 650 million adults globally still don’t have a financial account, and many lack access to mobile phones or digital financial services. More than half of …
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Temporary driving licenses for tourists to be issued at BIA
The Department of Motor Traffic (DMT) has announced that a new system for issuing temporary driving licenses to tourists arriving in Sri Lanka
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3M tourism target 2025: SL falls behind
Sri Lanka’s target of attracting 3 million tourists in 2025 is facing significant challenges, with the latest figures pointing to a considerable shortfall. According to official data, a total of 1,247,815 tourists had visited the country by July 13, representing just 41.6% of the annual target. Between July 1 and 13, Sri Lanka welcomed 79,771 foreign visitors, a mere 0.9% …
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Foreign remittances expected to reach US$ 7 billion by year-end
During the first six months of 2025 (January to June), a total of 144,379 Sri Lankan migrant workers departed the country for overseas employment, according to the Sri Lanka Bureau of Foreign Employment (SLBFE).
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SL Customs seize biggest gold smuggling ever
A 32-year-old passenger who attempted to smuggle the largest quantity of gold ever into the country was apprehended by Sri Lanka Customs at the Bandaranaike International Airport (BIA) yesterday, July 15, 2025. Customs officers discovered the entire gold weighing over 35 kilograms, valued at more than Rs. 1.1 billion. It included 195 gold biscuits and approximately 13 kilograms of gold …
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Tourist arrivals in Sri Lanka top 75,000 in July 2025
A total of 79,711 tourists have arrived in the country thus far in July, data from the Sri Lanka Tourism Development Authority (SLTDA) shows.
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CBSL to launch Anti-Pyramid National Awareness Week starting today
The Central Bank of Sri Lanka (CBSL) is scheduled to launch the ‘Anti-Pyramid National Awareness Week’ starting today (14).
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