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A Nation in the Dark? What the New Electricity Bill Means for Sri Lanka
Experts warn the 2025 bill rolls back progress as energy reform takes a political detour

ByEditor

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…

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BYD Expands Electric Mobility in Sri Lanka
Luxury Lineup and Dealer Network

ByEditor

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,…

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What is the Internet of Things (IoT)?

ByEditor

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…

Garment factory
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Garment Factory Closure Sends Shockwaves Through Sri Lanka’s Export Economy
Next closed; 1.400 job losses

ByEditor

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…

Salt ලුණු ලේවාය ලුණු දෙහි සාදන ආකාරය ලුණු කැද ලුණු ලේවාය in english ලුණු කුඩු ලුණු මිල ලුණු මිදෙල්ල ලුණු වල විද්යාත්මක නාමය ලුණු මිරිස
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Imported Salt Scandal: State Director Accused of Profiteering Through Private Company
MP Mujibar Rahuman Reveals

ByEditor

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,…

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China’s Mega Projects in Sri Lanka Face Delays
Amid Demands for More Concessions

ByEditor

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…

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Vehicle Imports Resume to Sri Lanka
1,560 Used Cars Arrive

ByEditor

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…

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Sri Lanka’s Trade Gap with China Hits Record High, Exceeding US$4 Billion
Imports from Sri Lanka in 2024 barely higher than the worth of durian fruit it imported from Malaysia

ByEditor

China’s trade surplus with Sri Lanka surged to an all-time high of over US$4 billion (Rs. 1.195 trillion) in 2024, nearly doubling from the previous year and highlighting the growing imbalance in bilateral commerce. According to official data, Sri Lanka exported just US$251.91 million worth of goods to China in 2024 — a 2% decline…

BoC
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Bank of Ceylon to Issue Rs. 15 Billion in Debentures Soon
Initial issue valued at Rs. 10 billion, with option to extend amid high demand

ByEditor

The Bank of Ceylon (BoC) has announced plans to issue 100 million debentures valued at Rs. 100 each, totaling Rs. 10 billion. The bank also intends to issue an additional 50 million debentures worth Rs. 5 billion if there is high investor demand, bringing the potential total to Rs. 15 billion. Fitch Ratings has assigned…