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Posts published in “News”

Sri Lanka to start building Japan-funded airport terminal by June-July 2026: Minister

ECONOMYNEXT – Sri Lanka expects construction of a new terminal at the Bandaranaike International Airport funded by Japan t is to begin by June – July 2026, with tenders now being evaluated, Minister of Ports and Civil Aviation Anura Karunathilaka said. Sri Lanka’s Katunayake airport is now operating above capacity with the second terminal delayed for multiple reasons including the sovereign default. Technical evaluation of contractor tenders is now wrapped up, he said. “We think we can open the price bids by January,” Minister Karunathilaka told parliament. “So, by June – July 2026 we hope to award the contract and…

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Sri Lanka central bank maintains rates at 7.75-pct

ECONOMYNEXT – Sri Lanka’s central banks has maintained its policy rate at 7.75 percent in a November 2025 decision, a statement said saying it will help reflate the economy to 5 percent from current largely stable prices. Sri Lanka’s rupee had depreciated steadily in 2025, amid record current account surpluses and reduction in budget deficits, helping push up prices of imported goods, amid strong private credit growth. “The recent depreciation pressure on the rupee has subsided with the improvement in foreign exchange liquidity,” the monetary policy statement said. Gross official reserves were above 6 billion US dollars in 2025, helped…

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Sri Lanka to respond to RCEP and take forward membership process

ECONOMYNEXT – Sri Lanka’s cabinet of ministers has given the go ahead to take forward the process to be a member of the Regional Comprehensive Economic Partnership (RCEP) by responding to a questionnaire sent by the grouping. “Under this agreement, steps must be taken by the parties to fully eliminate tariffs on 85 percent to 90 percent of their tariff rates,” post-cabinet statement said. “Through accession to this agreement, Sri Lanka will be able to diversify its exports and markets, as well as strengthen its participation in regional and global supply chains.” The RCEP with initial membership of the ASEAN…

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Fixtures, groups announced for Men’s T20 WC 2026

The International Cricket Council (ICC) has officially released the fixtures and group allocations for the ICC Men’s T20 World Cup 2026, set to bowl off on February 7 and run until March 8, featuring 20 teams, 29 days of action, and eight iconic venues across India and Sri Lanka.

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ASPI recovers strongly as market rebounds from recent sell-off

The Colombo Stock Exchange staged a recovery on Tuesday (25th November 2025), as the ASPI climbed 175.03 points (+0.77%) to close at 22,819.91, retracing part of the sharp sell-off seen in the previous session. Improved investor sentiment supported the rebound, with buyers stepping in to take advantage of lower prices following the near 5% market correction.

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