Reporter

Sri Lanka Approves Nationwide Development of Multi-Modal Transport Hubs to Modernize Public Transit

The Cabinet of Ministers of Sri Lanka has given in-principle approval to a comprehensive proposal to develop multi-modal transport hubs across the country, aiming to modernize and better integrate the nation’s public transport system. The initiative seeks to connect buses, trains, and taxi services through strategically located hubs that will improve efficiency and convenience for…

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Sri Lanka and Saudi Arabia Launch First-Ever Joint Business Council to Boost Trade and Investment

Sri Lanka and Saudi Arabia have officially established the Sri Lanka–Saudi Arabia Joint Business Council, marking a major step toward deepening bilateral economic cooperation. Minister of Foreign Affairs, Foreign Employment, and Tourism Vijitha Herath announced the launch, describing it as a “historic milestone” in strengthening economic ties between the two nations. The Council was formed…

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Sri Lanka Explores Healthcare Investment Opportunities with Leading Middle Eastern Medical Group

Sri Lanka’s Minister of Foreign Affairs, Foreign Employment, and Tourism, Vijitha Herath, met with senior executives of Dr. Sulaiman Al Habib Medical Group, a major healthcare provider in the Middle East. In a statement shared on X (formerly Twitter), the Minister noted that he toured one of the group’s advanced medical facilities, which integrates cutting-edge…

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Sri Lanka Launches Nationwide Program to Distribute 500,000 Coconut Plants for Home Cultivation

Sri Lanka is launching a national initiative today (November 9) to distribute 500,000 coconut plants to households across the country, aiming to strengthen rural livelihoods and promote home-based coconut cultivation. The official ceremony will take place in Uhana, Ampara, under the patronage of Minister of Plantations and Community Infrastructure Samantha Vidyaratne, alongside Deputy Minister of…

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Sri Lanka Central Bank Tightens Loan Limits on Vehicle Purchases

The Central Bank of Sri Lanka (CBSL), acting in its role as the country’s macroprudential authority, has announced new limits on loan-to-value (LTV) ratios for vehicle financing. The revised regulations apply to licensed commercial banks, licensed specialized banks, licensed finance companies (LFCs), and registered finance leasing establishments (RFLEs). Effective from November 8, credit facilities granted…

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Sri Lanka Approves US$1.3 Billion in Projects Near Colombo Port City

President Anura Kumara Dissanayake announced that the government has approved investment projects totaling US$1.3 billion in the area surrounding the Colombo Port City development. He said the government will introduce investor-friendly policies to support further growth and will present a new State Enterprise Management Act to Parliament next year to strengthen the governance of state-owned…

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Sri Lanka Announces Incentives to Boost AI and Digital Infrastructure Development

President Anura Kumara Dissanayake announced that Sri Lanka will offer several incentives to encourage the establishment of artificial intelligence (AI) data centres in the country. Speaking during the 2026 Budget Speech, he emphasized the strategic importance of AI in the global economy and said the government will provide concessions to companies investing in this sector….

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