COLOMBO, Sept 11, 2025 (ePRESS) – Sri Lanka will take out a yuan-denominated loan equal to $500 million to restart a stalled highway project, a top economic adviser to the president said Tuesday. The funding will allow construction on the Central Expressway to resume later this month, according to Duminda Hulangamuwa, the president’s senior economic…
Category Archives: Economy
KATUNAYAKE, Sri Lanka, September 10 (ePRESS) – The SriLankan Airlines Toastmasters Club has marked 23 years of helping its members build persuasive leadership and communication skills at its Annual Officer Installation Ceremony held at the SriLankan Aviation College in Katunayake. The club, formed to strengthen personal and professional growth among employees, has grown into one…
COLOMBO, September 10 (ePRESS) – Sri Lanka’s leading digital mobility platform, has stepped into the entertainment and lifestyle sector with the launch of a QR code ticketing system for events. The new service allows users to discover, book and access concerts, theatre, cultural festivals and educational events directly through the PickMe app. Over the past…
COLOMBO, Sept 10, 2025 (ePRESS) – The Advocata Institute has welcomed the Cabinet’s decision to close 33 non-operational State-Owned Enterprises (SOEs), in the latest phase of the government’s state-sector reform program. The decision, proposed by President Anura Kumara Dissanayake in his role as Minister of Finance, Economic Stabilization and National Policy, will be carried out…
COLOMBO, Sept 10, 2025 (ePRESS) – The Insurance Regulatory Commission of Sri Lanka (IRCSL) has successfully completed a four-day study tour to India, aimed at strengthening its regulatory capacity and learning from India’s progress in building a modern and inclusive insurance sector. The visit took place from August 25 to 28, with a high-level delegation…
COLOMBO, September 10 (ePRESS) – The Bandaranaike International Airport (BIA) will soon get 20 new self-service check-in kiosks to cut long queues and speed up passenger processing, SITA Asia Pacific President Sumesh Patel announced at a press briefing in Colombo. The kiosks will first be open to SriLankan Airlines passengers. Within two months, eight other airlines…
COLOMBO, September 9 (ePRESS) – AIA Insurance, in partnership with the Million Dollar Round Table (MDRT), has extended support to the Shiranee Joseph de Saram Foundation, an organisation dedicated to creating opportunities and empowering people with disabilities in Sri Lanka. As Premier Sponsors of MDRT, the AIA Group made this donation, selecting AIA Sri Lanka…
COLOMBO, September 9 (ePRESS) – The Cabinet has approved the appointment of Captain Daminda Rambukwella as the new Director General and Chief Executive Officer of the Civil Aviation Authority of Sri Lanka (CAASL). Capt. Rambukwella is a veteran aviation professional with more than 25 years of service. He has wide experience in flight safety, aircraft…
COLOMBO, September 9 (ePRESS) – Vallibel Finance PLC has joined hands with Singer Sri Lanka, the sole authorized distributor of Piaggio three-wheelers, to launch a landmark partnership aimed at transforming three-wheeler ownership in Sri Lanka. The collaboration was marked with the signing of a Memorandum of Understanding (MoU) between senior officials of both companies. Under…
COLOMBO, Sept 9, 2025 (ePRESS) – Sri Lanka has carried out one of the largest fiscal adjustments in its history, equal to nearly 8 percent of GDP over three years, the World Bank said Tuesday. A new review of the country’s public finances said the adjustment was sharper and faster than in most countries worldwide….