Financial literacy means knowing how to manage money in a smart way. It is about understanding the basic things we need in our daily life, such as how to earn, spend, save, borrow, and invest money. A person with financial literacy has the knowledge and skills to make good decisions about money. This is important…
Opposition Leader Sajith Premadasa has sounded the alarm over the looming collapse of the Pelwatta and Sevanagala sugar factories—two institutions that have long served as economic lifelines for thousands of rural Sri Lankan families. Speaking at a gathering of sugarcane farmers and factory workers at Sri Chandra Madhuraramaya in Buttala on August 2, Premadasa described…
Over the past year, an increasing number of restaurants in Sri Lanka have adopted BYOB (Bring Your Own Bottle) policies. BYOB means Bring Your Own Bottle, and the customers can bring alcohol and consume it at such places. BYOB dining is not unique to Sri Lanka—it’s a growing global trend across Europe, North America, and…
By Ajith Perakum Jayasinghe Electricity reform in Sri Lanka is more than just a technical debate—it’s at the heart of whether families live with dignity, industries remain competitive, and students study without disruption. The country’s power sector, once envisioned for transformation, may now be at risk of another cycle of inefficiency and crisis. Opening Kathikawa’s…
Chinese electric vehicle giant BYD is rapidly advancing in Sri Lanka’s EV market through a strategic partnership with John Keells CG Auto. The two companies recently signed an MoU to introduce DENZA, BYD’s luxury electric vehicle brand, showcasing models like the D9, N7, Z9, and Z9GT. This move aims to offer Sri Lankan consumers high-end,…
The Internet of Things (IoT) refers to a network of physical devices—such as appliances, vehicles, machines, and other objects—that are connected to the internet and can collect, share, and act on data. These devices often have sensors, software, and other technologies that allow them to interact with their environment or users—without human intervention in many…
The recent closure of the NEXT garment factory in Katunayake’s Free Trade Zone has dealt a significant blow to Sri Lanka’s apparel industry and its broader economy. Announced on May 19, 2025, the shutdown has resulted in the loss of around 1,400 jobs, nearly half of the company’s 2,800-strong workforce. The company cited rising operational…
In the wake of a severe salt shortage and soaring prices in Sri Lanka, opposition MP Mujibur Rahuman (SJB) has accused a government-appointed director of a state-owned salt company of importing bulk salt and reselling it at inflated prices through his private firm. Speaking in Parliament on May 21, Rahuman revealed that Dr. Ravi Liyanage,…
Two major Chinese-backed projects in Sri Lanka — the Sinopec oil refinery in Hambantota and the Colombo Port development — have reportedly been delayed. According to sources, Sinopec has requested to increase the originally agreed local market supply quota of 20% for its oil products. The massive export-oriented refinery project, which involves an investment of…
Vehicle imports to Sri Lanka have resumed following the lifting of the import ban on February 1, but high taxes continue to limit sales, market sources say. New vehicle importers are currently processing orders, and it typically takes about four to six months for a new vehicle to arrive. Importers are required to register imported…
