The Proceeds of Crime Act introduces non-conviction based asset forfeiture and strengthens Sri Lanka’s legal tools for recovering illicit assets, including those held abroad.The law shifts the burden ...

An International Monetary Fund (IMF) team led by Evan Papageorgiou visited Colombo from April 3 to 11, 2025. After ...

President Trump announced he would impose a 125% tariff on China for retaliating against the U.S., while also announcing a 90 ...

In the evolving landscape of global energy trade, few moves are as audacious as Sri Lanka’s decision to greenlight a ...

The Asian Development Bank’s (ADB) flagship economic publication, the Asian Development Outlook (ADO) April 2025, forecasts ...

Sri Lanka's tourism industry shows robust performance in early 2025, with JanuaryMarch statistics revealing significant growth. The first quarter recorded 722,276 tourist arrivals, representing 35.2% ...

Frontier markets such as Sri Lanka, Pakistan (Caa2 positive) and Bangladesh, which do not have the capacity to import as much from the US and whose current account balances are relatively fragile, ...

The currencies of most major economies have appreciated against the US dollar since the start of 2025, despite the massive jump in US tariffs, Fitch Ratings says in its new FX Market Monitor.