Economy

SriLankan EngineeringNow Certified toService Thai Aircraft

Published

1 year ago

June 2, 2025

SriLankan Engineering, the Maintenance, Repair, and Overhaul (MRO) arm of SriLankan Airlines, has achieved a significant milestone by receiving certification from the Civil Aviation Authority of Thailand (CAAT) as a Foreign Repair Station and Approved Maintenance Organization (AMO).

This prestigious accreditation enables SriLankan Engineering to directly offer its high-quality, cost-effective MRO services to Thai-registered airlines and global aircraft leasing companies. The certification covers a wide range of services including:

– Base maintenance and heavy checks for Airbus A320 family aircraft

– Line maintenance for Airbus A320, A350, Boeing 777, and 787 aircraft

– Component repair and overhaul – Non-destructive testing (NDT)

With this new recognition, SriLankan Engineering is strategically positioned to collaborate with Thai carriers and lessors, offering tailored maintenance solutions that reduce Aircraft On Ground (AOG) time and improve operational efficiency.

Already certified by the European Union Aviation Safety Agency (EASA), the Civil Aviation Authority of Sri Lanka, and several other national aviation authorities, SriLankan Engineering continues to build its global reputation as a trusted, technically proficient, and customer-focused MRO provider.

Economy

Govt saving Rs. 5.7B through price regulation of 13 expensive medicines

Published

1 day ago

October 4, 2026

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The National Medicines Regulatory Authority (NMRA) says the government’s estimated savings from regulating the prices of 13 major high-priced medicines amount to Rs. 5.7 billion.

NMRA Chairman Specialist Dr. Ananda Wijewickrama made this statement at a media briefing held in Colombo today (01).

He further said that the savings to the public would vary depending on the medicines they purchase.

He noted that the medicines whose prices had been reduced are mainly those that patients require for long-term use.

Economy

CBSL Governor says Fitch upgrade reflects Sri Lanka’s progress on economic reforms

Published

6 days ago

September 29, 2026

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The Governor of the Central Bank Dr. Nandalal Weerasinghe said Sri Lanka’s sovereign rating upgrade by Fitch Ratings from ‘CCC+’ to ‘B-’ with a Stable Outlook reflects ongoing progress in macroeconomic stabilization and reforms.

Speaking at the 49th Annual General Meeting of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) on September 23, Dr. Weerasinghe stated that the restoration of stability following the severe economic crisis has provided a stronger foundation for the country’s next development phase.

“This progress has also been recognised by the upgrade of Sri Lanka’s sovereign rating by Fitch Ratings to ‘B-’ from ‘CCC+’, with a Stable Outlook, announced, reflecting the continued progress in macroeconomic stabilisation and reforms,” he added.

Economy

Sri Lanka ranked among top 10 global risers in tourism

Published

1 week ago

September 28, 2026

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Sri Lanka has been ranked among the top 10 countries in the world for the fastest improvement in the Travel and Tourism Development Index between 2024 and 2026, according to the 2026 Travel and Tourism Development Index released by the World Economic Forum (WEF).

Sri Lanka has been ranked 10th on the list, with its Travel and Tourism Development Index score increasing by 4.33% in 2026 compared to 2024.

Albania ranked first, recording a 7.0% increase in its index score.

Vietnam and Laos ranked second and third, respectively, with increases of 6.3% and 6.1% in their index scores.