Colombo, October 2025 —Sri Lanka has reached a staff-level agreement with the International Monetary Fund (IMF) for the release of a US$347 million tranche, marking a crucial milestone in the island’s macroeconomic stabilization journey under the Extended Fund Facility (EFF). This marks the fifth review since the program began in 2023, bringing total disbursements to […]
ling across the Indian Ocean. For a nation blessed with cultural treasures and natural beauty, the development marks a milestone in efforts to attract high-value travelers. 🚢 Features of the New Terminal The newly inaugurated terminal is designed to meet international standards and cater to the growing demands of the cruise industry: This infrastructure enables […]
Colombo, Sri Lanka – September 2025 Sri Lanka is on the brink of a transformative leap in its energy sector, with Chinese energy giant Sinopec preparing to begin construction on a USD 3.7 billion oil refinery project later this year. Alongside this, the government has also confirmed plans for a USD 3 billion expansion of […]
