Press "Enter" to skip to content

The Sri Lankan Report

Virtusa Hosts Leadership from British Insurer CFC to Unveil 200-Seat Digital Service Hub in Sri Lanka

Visiting senior leadership team of Virtusa with Chief Operating Officer of client partner; CFC (UK) at the newly commenced digital services hub Virtusa Corporation, in partnership with CFC, a pioneer in insurance solutions for emerging risk and market leader in cyber, opened the doors to CFC’s 200-seat digital services hub in Colombo on Thursday. The opening ceremony was attended by senior leadership from CFC and Virtusa including Matthew Glenville, Chief Operations Officer at CFC, Venkatesan Vijayaraghavan, COO of Virtusa Corporation, Atul Gupta, Managing Director, UK& Ireland for Virtusa, Denver De Zylva and Shehan Warusavithana, Senior Vice Presidents and Joint Country…

Read the full article →

National Commission on Women to commence operations soon

Minister of Women and Child Affairs, Saroja Savithri Paulraj, has instructed Ministry officials and the National Women’s Committee to provide full support to the National Commission on Women to ensure the establishment of necessary infrastructure and other arrangements for the Commission to commence its operations. The directive was issued during a discussion with the newly appointed Chairperson and key members of the National Commission on Women held at the Ministry of Women and Child Affairs yesterday (23).  The discussion was attended by the Minister of Women and Child Affairs, Saroja Savithri Paulraj; the Deputy Minister, Namal Sudarshana; the newly appointed…

Read the full article →

Dubai’s Elite Investment Opportunities Today!

Discover an extraordinary opportunity to invest in one of the world’s most dynamic real-estate markets with ICON Real Estate Dubai. Join investment advisor Zach for a one on one consultation to explore how you can own your home in Dubai, register a business, open bank accounts, and secure the coveted 10 year Golden Visa all under one seamless process. Dubai’s global appeal is stronger than ever: tax free personal income and capital gains, robust infrastructure, and a strategic position at the crossroads of Europe, Asia and Africa make it a prime destination for savvy investors. From luxury waterfront residences to…

Read the full article →

Over 6,000 students honoured at Teacher Amma’s Scholarship Awards 2025

A talent appreciation ceremony for students who excelled in the recent scholarship examination, organized by renowned scholarship teacher Mrs. Hayeshika Fernando, was held on the 20th at the Monarch Imperial. The event, organized by Queens Education, marked the fourth edition of the awards ceremony. Mrs. Hayeshika Fernando is a prominent tuition teacher in Sri Lanka, known for her boundless affection toward her students earning her the affectionate title “Teacher Amma,” given by the children who attend her classes. This year’s ceremony was conducted in two phases, with the participation of more than 6,000 students who successfully passed the scholarship examination.…

Read the full article →

14 kids lose eyesight in India playing with ‘Carbide Gun’

In just three days, more than 122 children across Madhya Pradesh in India have been admitted to hospitals with severe eye injuries, while 14 have lost their eyesight after playing with the “carbide gun”. Popularly known as the “desi firecracker gun,” which children are calling the latest Diwali must-have, it has emerged as a nightmare for parents and doctors. The worst-hit district is Vidisha, where local markets openly sold these crude “carbide guns” despite a government ban issued on October 18.  The makeshift devices, priced between Rs 150 and Rs 200, are being made and sold like toys, but they…

Read the full article →

Sri Lanka unveils national climate financing strategy as needs top $10bn

ECONOMYNEXT  – Sri Lanka has unveiled a national strategy which will help the country tap climate financing from official donors and also the private sector to help support over 10 billion dollars for adaptation strategies, officials said. The National Climate Finance Strategy of Sri Lanka 2025 – 2030, was devised by the External Resources Department of the Finance Ministry with the support of the United Nations and United Kingdom. “Sri Lanka in particular, given our dependency and exposure to the tourism industry, agricultural industry, marine economy that we have, that we are planning to develop further, the stakes are high…

Read the full article →

Deputy Minister rejects allegation over distillery licence meeting at Colombo hotel

Deputy Minister Chathuranga Abeysinghe today rejected an allegation by MP Shanakiyan Rasamanickam that he had met a businessman at the Kingsbury Hotel to discuss a questionable distillery licence. Raising a privilege issue in Parliament, Deputy Minister Abeysinghe said his parliamentary privileges had been violated by MP Rasamanickam’s remarks and urged the Speaker to take appropriate action. “As public officials, we often meet investors and individuals interested in potential investments on a daily basis. The discussion referred to by MP Rasamanickam never took place, and I have never received such a letter. I urge members not to use Parliament to popularise…

Read the full article →

Sri Lankan Parliamentary Delegation attends 151st IPU Assembly

A Sri Lankan Parliamentary Delegation, led by Deputy Minister of Public Security and Parliamentary Affairs Sunil Watagala, attended the 151st Assembly of the Inter-Parliamentary Union (IPU), which was held in Geneva, Switzerland, from 19th to 23rd October 2025. The delegation, including Members of Parliament Oshani Umanga, Shantha Padmakumara, Mohammed Faizal, Hesha Withanage, and the Secretary-General of Parliament, Kushani Rohanadeera, participated in the Assembly held under the theme “Upholding Humanitarian Norms and Supporting Humanitarian Action in Times of Crisis.” Against the backdrop of ongoing global humanitarian challenges, the Assembly brought together hundreds of legislators from around the world to deliberate on…

Read the full article →

Sri Lanka rupee closes weaker to dollar, bond yields steady

ECONOMYNEXT – Sri Lanka’s rupee closed at 303.70/85 to the US dollar Friday, weaker from 303.65/75 the previous day, while bond yields closed broadly steady, dealers said. A bond maturing on 15.12.2026 closed at 8.25/30 percent, down from 8.25/35 percent. A bond maturing on 15.09.2027 closed at 8.82/88 percent, up from 8.78/92 percent. A bond maturing on 15.03.2028 closed at 9.19/25 percent. A bond maturing on 15.09.2029 closed at 9.65/70 percent. A bond maturing on 01.07.2030 closed at 9.75/79 percent. A bond maturing on 15.12.2032 closed at 10.50/65 percent. (Colombo/Oct24/2025)

Read the full article →

COPF approves 2026 Appropriation Bill

The Parliamentary Committee on Public Finance (COPF)  has granted its approval for the Appropriation Bill for the year 2026. This approval was given during a committee meeting held in Parliament yesterday (23) under the chairmanship of Opposition MP Harsha de Silva. Officials from the Ministry of Finance, who attended the meeting, briefed the Committee on the allocation of funds for various sectors and the targets set for the year 2026.  After an extensive discussion on these matters, the Committee granted its approval for the Bill The Appropriation Bill for the year 2026 is scheduled to be presented to Parliament for…

Read the full article →

Police clarify news reports on security linked to Kataragama Kiri Vehera Temple

The Sri Lanka Police has issued a clarification on news reports circulating claiming that Police protection for the Chief Incumbent of the Kiri Vehera Temple in Kataragama, Venerable Kobawaka Damminda Thero, has been withdrawn. Issuing a statement, the Police said a report has been submitted by the Deputy Inspector General of Police in charge of the Matara and Hambantota divisions, clarifying the news item circulating via electronic, print, and social media. According to the report, the Kataragama sacred precinct houses the Ashta Pala Ruha Bodhiya, the Kiri Vehera Temple, and several other shrines. To ensure security in this area, 16…

Read the full article →

Former state officials arrested over Rs. 245,000 bribe

A former official of the Department of Fisheries and a staff member of the former Deputy Minister of Housing Construction, Indika Bandaranayake, have been arrested by officers of the Commission to Investigate Allegations of Bribery or Corruption. According to the Bribery Commission, the arrest was made in connection with an investigation into a complaint that the suspects obtained Rs. 245,000 from an individual, claiming they could secure a job at the Ports Authority. It is alleged that the suspects demanded a total bribe of Rs. 500,000 for the job, instructing the individual to first pay Rs. 250,000, with the remaining…

Read the full article →

Sri Lanka stocks close 0.17-pct down on selling pressure

ECONOMYNEXT – The Colombo All Share Price Index (ASPI)  declined 0.17 percent on Friday due to selling pressure in the market, brokers said. “During the midday after the initial hike, selling pressure came into the market,” Dimantha Mathew, Chief Research and Strategy Officer at First Capital Holdings PLC said. “From 16th of September market has been going up except few downs. So we are now potentially starting to see selling pressure in the market.” The broader ASPI dropped 38.43 points to end at 22,812.52; while the more liquid S&P SL20 moved 0.04 percent, or 2.56 points to close up at…

Read the full article →