Sri Lanka’s Vehicle Import Surge: Central Bank Highlights Potential $2.4 Billion Annual Expenditure.
Central Bank Governor Dr. Nandalal Weerasinghe has warned that Sri Lanka's vehicle import costs could hit $2.4 billion by the end of 2026, driven by a $600 million expenditure in the first quarter alone.
Government Authorities Probe Series of Financial Irregularities and Project Data Manipulation.
Sri Lankan authorities are investigating multiple financial irregularities, including suspected manipulation of World Bank project data and unauthorized fund transfers, prompting involvement from international agencies and local law enforcement.
Sri Lanka Launches Probe into Lanka Coal Company Procurement Practices.
The Sri Lankan government has initiated a Special Presidential Commission of Inquiry to investigate procurement irregularities at the Lanka Coal Company, following the resignation of the Energy Minister and Ministry Secretary.
China Pivots to Southeast Asia for Semiconductor Equipment Amid Tightened US Export Curbs.
Data reveals that China is increasingly sourcing chipmaking machinery from Malaysia and Singapore, following stricter export controls implemented by the United States.
















