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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Central Expressway Project gets China’s Exim Bank funding soon

Funding from China’s Export-Import (Exim) Bank could resume by September or October to continue the construction of the long-delayed Central Expressway Project (CEP), the Road Development Authority (RDA) announced. RDA Chairman T. Paskaran confirmed that negotiations with the bank were ongoing, in the aftermath of disbursements being suspended due to Sri Lanka’s economic crisis. “Negotiations with the donor are currently …

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Tourist boat sinks, 37 dead in Vietnam

At least 37 people have died and several others remain missing after a tourist boat capsized in Vietnam’s Ha Long Bay amid rough weather conditions yesterday. According to officials, most of the victims were Vietnamese families traveling from the capital, Hanoi, on holiday when the incident occurred. The rescue team saved 11 victims, who are currently receiving medical treatment. Rescue …

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Police commission dismisses SDIG

The former Senior Deputy Inspector General of Police (SDIG) Nilantha Jayawardena has been officially dismissed from service by the National Police Commission (NPC), after determining that he failed to take appropriate action or respond to intelligence warnings ahead of the 2019 Easter Sunday terror attacks. SDIG Jayawardena, who previously served as the head of the State Intelligence Service (SIS), was …

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