Colombo, July 29, 2025 In a significant development for Sri Lanka’s financial landscape, official data reveals that resident investors in the country have begun purchasing restructured International Sovereign Bonds (ISBs) from foreign holders during the first quarter of 2025. This marks a notable shift in bond ownership following the government’s major debt restructuring program concluded […]
In a landmark ruling today, Sri Lanka’s Supreme Court has ordered the owners of the X‑Press Pearl cargo ship to pay USD 1 billion in compensation for the massive environmental and economic damage caused by the ship’s fire and sinking off the coast of Colombo in May 2021. The court found the shipowners responsible for […]
Sri Lanka’s tourism industry received a grand spotlight at the recently held Conclave Travel Awards 2025, celebrating excellence and innovation in global tourism. The event, attended by leading industry professionals, travel influencers, government officials, and international media, recognized Sri Lanka’s remarkable contributions to sustainable travel, cultural preservation, and destination excellence. The island nation won several […]
