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Garment Factory Closure Sends Shockwaves Through Sri Lanka’s Export Economy Next closed; 1.400 job losses
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…
Imported Salt Scandal: State Director Accused of Profiteering Through Private Company MP Mujibar Rahuman Reveals
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,…
Government Clerical Service Exam to Be Held on Sunday After Six-Year Delay
The long-delayed competitive examination for recruitment to Grade III of the Management Assistant Service, for which applications were called in 2019, will finally be held on Sunday, May 18. The exam, postponed for over six years, has caused concern among thousands of applicants who were under the maximum eligible age of 35 at the time…
Hypertension; a Silent Killer One in Three Lives at Risk
Marking World Hypertension Day on May 17, health authorities are raising urgent alarms about the hidden danger of high blood pressure in Sri Lanka, with one in every three citizens affected—and nearly half of them unaware they are living with the condition. “It is known as the silent killer,” warned Dr. Shilanthi Mettananda, Consultant Community…
What’s Behind the World Bank’s Aid to Sri Lanka? $1 Billion to Boost Jobs and Private Investment
The World Bank has pledged US$1 billion to support Sri Lanka’s economic recovery, focusing largely on private-sector-led investments that aim to create jobs and modernize key sectors such as energy, agriculture, tourism, and regional development. The funding package, to be delivered over three years, is expected to unlock significant private capital, especially in renewable energy…
World Bank President to Visit Sri Lanka Amid Economic Recovery Efforts first visit by a World Bank president to Sri Lanka
World Bank Group President Ajay Banga will visit Sri Lanka on Wednesday, May 7—the first visit by a World Bank president to the country in nearly two decades. The trip, made at the invitation of President Anura Kumara Dissanayake, comes as Sri Lanka navigates a challenging path toward economic recovery. Banga is expected to meet…