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Industry News 1 min read

Industry Recovery Foster Programme Supports 16,476 Businesses

The Ministry of Industries reported today that the "Industry Recovery Foster Programme" has successfully extended support to 16,476 businesses affected by the recent environmental disaster. The program provided technical assistance, raw material subsidies, and machinery repair grants. Industrial...

Dec 22, 2025

Technology 1 min read

Nvidia Nemotron 3 AI Model: Opportunities for Local Business

The release of Nvidia's Nemotron 3 AI model is set to revolutionize how Sri Lankan businesses handle data and customer interaction. Local tech firms are already exploring APIs to integrate this powerful Large Language Model (LLM) into banking and logistics platforms. Experts believe Nemotron 3's...

Dec 22, 2025

Technology 1 min read

Dialog Axiata Completes 5G Rollout to 1.5M Users

Dialog Axiata PLC announced today that its 5G network now actively serves over 1.5 million users, marking the largest 5G footprint in Sri Lanka. The rollout covers key metropolitan areas in Colombo, Kandy, and Galle, as well as industrial zones. The enhanced connectivity is expected to power the...

Dec 22, 2025

Startups 1 min read

StartupSL Platform Revived to Connect Freelancers and Investors

The StartupSL platform has been officially relaunched with new features designed to connect freelancers and early-stage founders with global investors. The revival comes as a direct response to the post-disaster economic landscape, where remote work and digital gigs have become lifelines for many....

Dec 22, 2025 1

Startups 1 min read

Sri Lanka's Startup Ecosystem Valued at $821M

Sri Lanka’s startup ecosystem has reached a cumulative valuation of $821 million, according to the latest global startup ecosystem reports. This valuation marks a significant milestone, driven by rapid growth in fintech, logistics, and health-tech sectors. Despite challenges, Sri Lankan startups...

Dec 22, 2025 1

Banking 1 min read

Bank of Ceylon Issues Record Sustainability Bond for Green Recovery

The Bank of Ceylon (BOC) has successfully raised record capital through its latest Sustainability Bond issuance. The funds are strictly allocated for green lending, focusing on climate-resilient infrastructure and renewable energy projects required after the recent environmental fallout. "This b...

Dec 22, 2025

Business & Economy 1 min read

Govt Refinances Rs. 25M Business Loans at 2-3% to Aid SMEs

In a major relief measure for Small and Medium Enterprises (SMEs) battered by the recent cyclone, the Ministry of Finance has announced a refinancing scheme for business loans up to Rs. 25 million. Eligible businesses can now restructure their debt at concessionary interest rates of 2-3%, significa...

Dec 22, 2025

Business & Economy 1 min read

IMF Approves $206M Emergency Aid to Stabilize Post-Cyclone Recovery

The International Monetary Fund (IMF) has approved an immediate disbursement of $206 million in emergency financial assistance to Sri Lanka. This critical funding aims to stabilize the island's balance of payments following the devastating impact of Cyclone Ditwah earlier this month. IMF mission...

Dec 22, 2025

Tourism & Hospitality 4 min read

Sri Lanka Tourism in 2025: How Cyclone Ditwah Hit Peak Season and What It Means for 2030 Growth

Sri Lankan tourism is on a clear long‑term recovery path and is still likely to grow in 2026–2030, but Cyclone Ditwah will probably shave a few percentage points off late‑2025 performance and may slow momentum in early 2026 unless marketing and resilience measures are executed well.​ Recent...

Dec 20, 2025

Tourism & Hospitality 7 min read

How tourism industry is recovering in Sri Lanka after cyclone Ditwah

Sri Lanka's pristine beaches, ancient temples, and lush tea plantations have long captivated travelers from around the world. However, when Cyclone Ditwah struck the island nation, it left a significant mark on the country's vital tourism sector. Today, we explore the remarkable journey of recovery...

Dec 20, 2025