Business & Economics

Sri Lanka Expands Renewable Energy Initiatives

Asian TribuneMarch 30, 2026

Sri Lanka is accelerating its transition toward renewable energy, with new solar and wind projects gaining momentum across the country. The government aims to reduce reliance on fossil fuels while improving long-term energy security. Private sector participation is being encouraged through incentives and streamlined approval processes. Several large-scale solar farms are under development, while offshore...

Business Confidence Improves as Markets Stabilize

Asian TribuneMarch 30, 2026

Business confidence in Sri Lanka is gradually improving as economic conditions stabilize. Companies across various sectors report increased activity and cautious optimism about future growth. The stabilization of the currency and easing inflation have contributed to a more predictable business environment. Export industries, particularly apparel and tea, are benefiting from renewed global demand. Small and...

Cultural Festivals Boost Community Engagement and Tourism Growth

Asian TribuneMarch 30, 2026

Sri Lanka’s cultural calendar is witnessing a vibrant revival as traditional festivals across the island attract large crowds, both local and international. Events featuring traditional dance, music, religious rituals, and regional cuisine are playing a significant role in strengthening community bonds while simultaneously boosting tourism. Major cultural celebrations in cities such as Kandy, Colombo, and...

Iran Conflict Escalates as Regional Tensions Intensify

Asian TribuneMarch 30, 2026

Tensions surrounding Iran have escalated significantly, raising concerns across the Middle East and beyond. Recent developments indicate increased military activity and heightened rhetoric among regional actors, prompting fears of a broader conflict. Diplomatic efforts are ongoing, with global powers urging restraint and dialogue to prevent further escalation. International organizations have called for peaceful resolutions, emphasizing...

Global Oil Prices Fluctuate Amid Middle East Uncertainty

Asian TribuneMarch 30, 2026

Global oil markets are experiencing increased volatility as geopolitical tensions in the Middle East continue to influence investor sentiment. Prices have shown fluctuations in response to uncertainty surrounding supply stability and regional security. Market analysts note that even minor disruptions in key النفط shipping routes can have significant impacts on global supply chains. The Middle...

Youth Entrepreneurship on the Rise Across Sri Lanka

Asian TribuneMarch 30, 2026

Entrepreneurship among Sri Lanka’s youth is on the rise, with young individuals launching innovative ventures across various sectors. From technology startups to creative industries, الشباب are increasingly embracing self-employment and business creation. Support programs from government agencies, private investors, and international organizations are providing funding, mentorship, and training opportunities. These initiatives are helping young entrepreneurs...

Sri Lanka Strengthens Foreign Relations Through Trade Agreements

Asian TribuneMarch 30, 2026

Sri Lanka is actively strengthening its foreign relations through strategic trade agreements and diplomatic engagement. These efforts aim to boost exports, attract foreign investment, and enhance economic cooperation with key global partners. Recent discussions with regional and international stakeholders have focused on expanding market access and improving trade facilitation. Sectors such as apparel, agriculture, and...

World Economic Forum Boss Quits After Epstein Links

Asian TribuneFebruary 28, 2026

Geneva — The World Economic Forum president and chief executive Børge Brende has resigned following scrutiny over his connections with the late convicted sex offender Jeffrey Epstein. Brende, a former Norwegian foreign minister who had led the WEF since 2017, stepped down on Thursday after an independent review was launched into his past interactions with...

Ravi K. Urges Govt. to Resolve CEB Crisis Without Delay

Asian TribuneFebruary 28, 2026

Colombo – Former Finance Minister Ravi Karunanayake has called on the government to take immediate and decisive action to resolve the ongoing crisis at the Ceylon Electricity Board (CEB), warning that continued instability could severely impact the country’s economy and public confidence. Addressing the media, Ravi Karunanayake stressed that prolonged financial and operational difficulties within...

Ownership Options Remain Open as Mattala Airport Awaits Revival

Asian TribuneFebruary 22, 2026

Sri Lanka’s Government says all ownership and management options remain open for the underutilized Mattala Rajapaksa International Airport (MRIA) as efforts continue to revive operations at the country’s second international airport. Deputy Minister of Transport Ruwan Ranasinghe stated that the immediate priority is to make the airport fully operational before deciding on a long-term ownership...