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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Colombo land prices upsurge 11.4% led by residential land values
The land prices in the red-hot Colombo district, measured by the Land Valuation Indicator (LVI),
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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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Sri Lankas to manage Public debt via Commonwealth Meridian software
Sri Lanka will begin using the Commonwealth Meridian software from next month to manage public debt as part of the economic recovery plan.
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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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USS Tulsa (LCS 16), Combat Ship arrives, at the Port of Colombo
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CNL Reporter
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August 28, 2025
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News
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USS Tulsa
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The United States Embassy in Sri Lanka has announced the arrival of the USS Tulsa (LCS 16),
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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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Ex-IGP Deshabandu Tennakoon granted bail
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CNL Reporter
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August 27, 2025
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News, Political
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Ex-IGP
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Former Inspector General of Police (IGP) Deshabandu Tennakoon, who was arrested by the Criminal Investigation Department (CID), and subsequently remanded, has been granted bail.
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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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BOI to make Sri Lanka as an investment hub in South Asia
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CNL Reporter
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August 27, 2025
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News, Political
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BOI
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The BOI is positioning Sri Lanka as an investment hub in South Asia,
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