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Fitch Upgrades Sri Lanka to 'CCC+' from Restricted Default

Sri Lanka, Dec. 21 -- Fitch Ratings has upgraded Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CCC+', from 'RD' (Restricted Default). Fitch typically does not assign an Outloo... Read More


Sri Lanka to Establish Doppler Weather Radar at Puttalam with JICA Funding

Sri Lanka, Dec. 20 -- Sri Lanka is set to establish a Doppler weather radar in Puttalam, thanks to funding from the Japan International Cooperation Agency (JICA). This initiative is part of a broader ... Read More


CSE announces changes to S&P Sri Lanka 20 index constituents

Sri Lanka, Dec. 20 -- The Colombo Stock Exchange (CSE) announces the following changes to the S&P Sri Lanka 20 index constituents as part of the 2024 Year-End Rebalance, conducted by S&P Dow Jones Ind... Read More


Sri Lanka's first 12-hour endurance karting championship concluded at SpeedBay!

Sri Lanka, Dec. 20 -- The much-anticipated SpeedBay 12-Hour Endurance Karting Championship 2024 was held for the first time in Sri Lanka last Saturday (October 19) at SpeedBay, Bandaragama. Twelve te... Read More


NSBM opens doors for public in Jan 2025

Sri Lanka, Dec. 20 -- NSBM Open Day' for January 2025 Intake at NSBM Green University organized under the theme of "Experience the Splendour of a Green University" is scheduled to be held on 4 th and ... Read More


USD 25 Mn Project at Hambantota International Port's Industrial Park

Sri Lanka, Dec. 20 -- Following Hambantota Port Group's (HIPG) recent investment in upgrading crane facilities to expand container operations at the Hambantota International Port (HIP), Comfort Mattre... Read More


Asian Development Bank extends USD 150 mn line of credit to CEB

Sri Lanka, Dec. 20 -- Asian Development Bank (ADB) and Ceylon Electricity Board (CEB) signed an agreement on 19th December 2024, for ADB to provide a loan of $150 million to CEB. After rigorous due d... Read More


Worklenz: Empowering Sri Lankan Businesses with Open-Source Innovation

Sri Lanka, Dec. 18 -- Sri Lanka's technology sector is rapidly evolving, with a notable shift toward open-source solutions that provide businesses with cost-effective, customizable tools. Among the fe... Read More


India-SL Partnership to Drive Digital Transformation: Strategic & Timely Move - Colombo Chamber of Commerce

Sri Lanka, Dec. 18 -- The Colombo Chamber of Commerce commends President Anura Kumara Dissanayake's recent official visit to India, describing it as a significant step toward strengthening bilateral r... Read More


Sri Lanka and India Exchange Protocol to Revise Agreement on Avoidance of Double Taxation

Sri Lanka, Dec. 18 -- In a step towards enhancing economic cooperation, the Protocol for amending the Agreement on the Avoidance of Double Taxation was exchanged during President Anura Kumara Dissanay... Read More