Sri Lanka and South Korea discuss bilateral relations

Foreign Investors Sell USD 5 Million in SL Government Securities

Foreign investors sold around USD 5 million worth of Sri Lankan government securities in the week ending December 24, reversing the inflows recorded the previous week, according to Central Bank data. The sell-off reflects investors’ shift to safe-haven assets amid speculation of further interest rate cuts by the U.S. Federal Reserve. This marked the fifth week of foreign sales of rupee bonds in the last 17 weeks, with holdings in government securities declining from a near two-year high. Invest

30 Dec, 2025

Ride-Hailing Drivers Face Harassment, PickMe Appeals to Police

Ride-hailing platform PickMe has written to the Inspector General of Police requesting stronger protection for its drivers and consistent law enforcement, following reports of harassment and violence by groups of three-wheeler operators in several tourist locations. In a statement, the company said the letter was prompted by a series of incidents in Ella and other tourism hotspots, where independent drivers using ride-hailing apps had allegedly faced physical assaults, damage to vehicles and ob

29 Dec, 2025

Sri Lanka Vehicle Sales Plunge 50% After Cyclone Ditwah

Sri Lanka’s vehicle market has recorded a sharp slowdown following Cyclone Ditwah, with sales falling by nearly 50 percent as affected customers postpone or cancel purchases, according to Ceylon Automobile Importers Association President Prasad Manage. He said many buyers, particularly in Kandy and several other impacted areas, are no longer able to complete transactions they had already begun. As a result, importers are facing financial pressure, including a 3 percent monthly penalty on vehicl

29 Dec, 2025