Sri Lanka’s economy expected to grow by 3.1% in 2026 – IMF

The International Monetary Fund (IMF) has projected that Sri Lanka’s economy will grow by 3.1% in 2026.

This was stated by Thomas Helbling, Deputy Director of the IMF’s Asia and Pacific Department, during a press conference on the Asia and Pacific Region’s Economic Outlook.

Helbling noted that Sri Lanka has experienced a strong economic recovery as the government continues to implement its reform program supported by the IMF.

He said the country’s economic growth was recorded at 5% last year and 4.8% in the first half of this year.

Commenting further, Helbling stated:

“Now some of that strong rebound was just normalization and economic activity in level term, some of the growth effect is a bit more temporary. That’s what we see. Sri Lanka is going to its trend growth of 3.1 percent, and with the stronger rebound than we actually expected in 2024 and 2025, we see sort of that return to trend happening a bit sooner.”

Free-visa scheme for 47 countries to be implemented within two months: Tourism Minister

Sri Lanka’s long-delayed free visa policy for select countries is set to take effect within the next one to two months, Tourism Minister Vijitha Herath yesterday announced, as the Government moves to finalise and gazette the regulation.

“We are finalising the process to gazette and submit the new regulation to Parliament for approval. After that, we expect it to be implemented within one to two months,” he said in response to a query posed at the weekly post-Cabinet meeting media briefing yesterday.

Originally announced in August 2024 by the previous administration, the free visa scheme, covering 35 countries was intended to take effect from 1 October 2024(https://www.ft.lk/top-story/Presidential-boost-for-tourism-with-free-visa-to-35-nationals/26-765842), but was repeatedly delayed due to the Government transition.

In July this year, the Minister confirmed that the list had been expanded to 47 countries, adding that while the Treasury might lose an estimated $ 66 million annually in visa revenue, the policy is expected to yield higher indirect earnings through increased tourist spending (https://www.ft.lk/front-page/Cabinet-nod-to-rollout-free-visa-policy-for-40-more-countries-Vijitha/44-779517).

Tourism industry experts noted that the move was too late to woo tourists for the winter season. “They wasted the opportunity to launch a global campaign for almost a year and are now scrambling at the last moment to implement a free-visa initiative. Unlocking growth requires urgent action, consistent policy and real partnership with the private sector. Without this, accolades and potential will continue to be wasted,” they told the Daily FT.

Herath also said Sri Lanka’s original 2025 target of 3 million tourist arrivals has been revised down to 2.4 million, with efforts now focused on achieving that goal in the remaining two months of the year.

Noting that the country has already surpassed 1.8 million arrivals year-to-date (YTD), he pointed out that they are now intensifying efforts to attract more visitors, particularly from European markets, to boost both tourist numbers and revenue.

“Sri Lanka aims to reach 2.4 million visitors by year-end. We are trying our best to reach that target. We don’t know whether we will succeed or not,” he added.

As per the latest data released by the Sri Lanka Tourism Development Authority (SLTDA), the country has so far welcomed 137,876 tourists in the first 26 days of October, reflecting a 22% year-on-year (YoY) growth, whilst propelling the cumulative figure to over 1.86 million visitors, accounting for around 62% of the full-year target. The revised arrivals target, quietly acknowledged by the SLTDA in its Growth Scenarios report (https://www.sltda.gov.lk/storage/common_media/Growth_Scenarios_2025_final_1.pdf) aligns, where its projections outline three potential outcomes— a ‘Lower Scenario’ of 2.415 million arrivals, a ‘Conservative Scenario’ of 2.676 million and an ‘Optimistic Scenario’ of 3 million. Given this trajectory, Sri Lanka appears likely to fall short of the 2.676 million Conservative target and will need a significant surge in November and December to even meet the 2.415 million ‘Lower Scenario’ target.

However, the Minister noted that passenger volumes and flight operations are expected to increase significantly during the next two months, supported by new airline schedules and expanded routes, citing Kuwait Airways, Belarus’s national carrier Belavia Airlines, Russia’s Red Wings Airlines and Edelweiss, a subsidiary of SWISS International Air Lines, commencing operations to BIA and Mattala International Airport.

“During the winter season, Russian arrivals will increase significantly with the charter flights operating to Mattala,” he added.

India continues to lead Sri Lanka’s tourist source markets YTD, followed by the United Kingdom and Russia. Herath noted that as a percentage European tourists have visited the most which are also considered the high-end travellers.

He also pointed to several new promotional campaigns underway to draw more European visitors, including targeted efforts in Scandinavian countries and the UK.

The Minister also said tourism revenue reached $ 2.47 billion in the first nine months, less than half of the Government’s $ 5 billion annual revenue goal.

Sri Lanka earned $ 3.17 billion in tourism revenue in 2024, marking a 53.2% increase from $ 2.07 billion in 2023. Tourist arrivals also rose 38.1% year-on-year to 2.05 million, though the country missed its 2.3 million arrivals and $ 4 billion revenue targets for 2024.

Tourism, which once contributed nearly 5% to Sri Lanka’s GDP, has faced severe setbacks since its 2018 peak due to the Easter Sunday attacks in 2019, the COVID-19 pandemic 2020 and the economic crisis 2022. Thus, the year 2018 remains the industry’s benchmark, when the country recorded 2.33 million arrivals and over $ 4.5 billion in revenue.

Sri Lanka, India discuss new ferry route between Talaimannar and Rameswaram

A discussion has been held on the possibility of expanding India-Sri Lanka maritime connectivity by launching a new route between Rameswaram and Talaimannar.

The discussion was held during a meeting between Minister of Ports and Civil Aviation Anura Karunathilaka and India’s Minister of Ports, Shipping and Waterways Sarbananda Sonowal during the India Maritime Week 2025 in Mumbai.

In a post on X, the Indian Ministry of Ports, Shipping and Waterways stated, “A bilateral meeting was held between Shri Sarbananda Sonowal, Hon’ble Minister for PS&W and Mr Anura Karunathilake, Hon’ble Minister of Ports & Civil Aviation, Sri Lanka, at the India Maritime Week 2025. The discussions focused on enhancing maritime connectivity through the ongoing India-Sri Lanka ferry service and exploring the possibility of launching a new route between Rameshwaram and Talaimannar, further deepening regional cooperation and people-to-people connect.”

India has been discussing the possibility of a new ferry route between Rameswaram and Talaimannar to add on to the existing route between Nagapattinam and Kankesanthurai.

The discussions were held during the India Maritime Week 2025 in Mumbai, hosted by the Ministry of Ports, Shipping and Waterways (MoPSW).

The Indian Maritime Week, which commenced on October 27, will continue till October 31.

Posted in Uncategorized

Speaker, Ministers meet Sri Lankan community in UK

A group of Ministers along with the Speaker of House, Dr. Jagath Wickramaratne have undertaken a visit to the UK on an invitation extended by the Westminster Foundation for Democracy.

Minister of Health and Mass Media Dr. Nalinda Jayatissa, Minister of Women and Child Affairs Saroja Savithri Paulraj and Minister of Justice Harsha Nanayakkara are part of the group visiting the UK, the Ministry of Health in Sri Lanka said in a statement.

Upon arriving in London, their first official engagement was a meeting with members of the Sri Lankan community at the London Alperton School Auditorium.

The event, organized by the UK branch of the National People’s Power (NPP), drew a large and diverse Sri Lankan crowd—Sinhalese, Tamil, and Muslim—representing all political affiliations.

Ministers and government representatives were openly questioned by attendees throughout the program.

Members of the community posed direct questions to the ministers regarding the government’s progress, economic policies, the national question and issues faced by the Tamil and Muslim communities, the statement said.

The ministers responded comprehensively, explaining the political reforms carried out by the government to date, the economic relief provided to the people, and the ongoing efforts to address the specific concerns of the Northern and Eastern communities.

They also elaborated on the long-term development programs being implemented to build a prosperous nation and improve the standard of living, noting that the foundation for such progress had already been laid across various sectors.

The Sri Lankan expatriates, appreciating the government’s initiatives, expressed their support for the current administration, transcending political and ethnic divisions, the Health Ministry stated.

During their stay in the UK, the ministers are also scheduled to meet with Sri Lankan scholars, professionals, and business leaders residing there for further discussions.

Moondrumurippu–Thatchankulam road won’t be reopened: Govt.

Deputy Defence Minister Maj. Gen. (Retd.) Aruna Jayasekera has ruled out the possibility of the re-opening of the Moondrumurippu–Thatchankulam main road and the release of the surrounding land.

Maj. Gen. Jayasekera said so responding to Vanni District ITAK MP Dr P. Sathiyalingam during the parliamentary session last week. The lawmaker questioned the government over the continued military control of civilian land in Vavuniya, including the site of an LTTE cemetery.

Maj. Gen. Jayasekera said that “due to prevailing security considerations,” it was not possible, at present, to release the land or reopen the road. The Deputy MInister said that “alternative

routes are available for public use.”

Dr Sathiyalingam, however, pointed out that these alternate routes were only suitable for two-wheelers and urged the government to consider a special budgetary allocation in 2026 to repair and upgrade these roads.

The Minister replied that the matter would be taken up at the Vavuniya District Development Committee meeting and that efforts would be made to secure special funding for the rehabilitation of the roads.

The ITAK MP also raised concern that several key sites in Vavuniya continue to remain under

military control, including:

• the land belonging to the Vavuniya Municipal Council, where the Vavuniya Police Station is located;

• the private land at Eechankulam, where a Thuyilumillam (cemetery for LTTE cadres) stands; and

• the property of the Chettikulam cooperative society, currently occupied by a Special Task Force (STF).

Dr Sathiyalingam noted that despite more than 16 years having passed since the end of the armed conflict, these lands have yet to be released to their rightful civilian owners.

Posted in Uncategorized

Kuwait Airways resumes direct flights to Sri Lanka

Kuwait Airways on Monday launched direct flights to Colombo after two years of codeshare operations.

The first flight arrived at Bandaranaike International Airport (BIA) in Katunayake this morning and was greeted with a celebratory water cannon salute organized by Airport and Aviation Services Sri Lanka (AASL), followed by a traditional Kandyan dance performance organized by the Sri Lanka Tourism Promotion Bureau (SLTPB).

Passengers were also presented with Ceylon Tea gift packs sponsored by the Sri Lanka Tea Board, a statement said.

Kuwait Airways now offers four weekly flights between Kuwait and Colombo.

Posted in Uncategorized

Bimal in China: NPP seeks inputs over China’s growth, governance, stability By Kelum Bandara

In a bid to deepen ideological and political engagement with Beijing, the Janatha Vimukthi Peramuna (JVP) — a key constituent of the ruling National People’s Power (NPP) — has stepped up its interaction with the Communist Party of China (CPC), seeking to learn from China’s experience in achieving economic growth, political stability, and public trust, while moving ahead with the implementation of the Memorandum of Understanding signed between the two parties.

Transport, Highways and Urban Development Minister Bimal Rathnayake who is a politburo member recently made a tour of China and had wide ranging engagements with the CPC which is the sole authority of one-party rule in that country.

In a Facebook post, Minister Rathnayake said that during his visit, he held talks with Liu Haixing, Head of the International Department of the Communist Party of China (CPC). He said the discussion focused on the CPC’s commitment to rebuilding China, sustaining stability while winning public trust, driving development through progressive reforms, implementing strong anti-corruption measures, and maintaining party discipline.

“They (CPC) emphasized the importance of environmental conservation, social welfare and protection,” he said in the post.

Besides, he said the two sides discussed the implementation of matters envisaged in the MoU between the two parties.

Mr. Liu took charge in the new position replacing Liu Jianchao, 61, as head of the party’s international department recently. Mr. Liu Haixing previously served as a senior director of a powerful party commission overseeing national security. He had studied in Paris in the 1980s. He is an expert on European affairs.

The CPC maintains relations with all the key political parties in Sri Lanka including the United National Party (UNP), Sri Lanka Podujana Peramuna (SLPP) and Samagi Jana Balawegaya (SJB).

President Anura Kumara Dissanayake visited Beijing at the beginning of this year. During Mr. Rathnayake’s visit, attention was also drawn to the areas discussed at that time. Before Mr. Rathnayake, JVP General Secretary Tilvin Silva toured China and had engagements with the CPC leaders.

Posted in Uncategorized

Government to grant voting rights to Sri Lankans working abroad – Vijitha

Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath announced that steps are being taken to grant voting rights to Sri Lankans working abroad.

The initiative aims to ensure that the country’s large overseas workforce can actively participate in the democratic process.

Speaking at an event marking the 40th anniversary of the Sri Lanka Bureau of Foreign Employment (SLBFE) on Monday (27), Minister Herath revealed that the Ministry of Public Administration is collaborating closely with his ministry to implement the proposal.

“A special committee has already been appointed by the Ministry of Public Administration to provide the necessary facilities for granting voting rights to Sri Lankans abroad and to establish the required legal framework,” he said.

He further disclosed that the government is also working to introduce a contributory pension system for Sri Lankans living overseas, noting that legal procedures are currently being formulated to make the scheme operational.

Posted in Uncategorized

Accra Court grants bail to 11 accused of defrauding Sri Lankan MP of $2 million gold scam

Modern Ghana – The Accra Circuit Court Eight has granted bail to eleven persons accused of defrauding a Sri Lankan Member of Parliament of USD2 million under the pretext of supplying gold.

Each accused was granted bail in the sum of GH¢500,000.00 with two sureties, one of whom must justify with a landed property and submit the original title certificate to the Court’s Registry.

The accused—Abdul Rauf Adam, Alhmamoudi Saleh, Yaw Attah Antwi, Osman Suleman, Nhyiraba Dwamena Ra-III, Benzcarl Dwamena, Sanfo Mubassir, Sallah Mammoudi, Ahmed Issah, Umaru Pafadenam, and Salifu Suleman—are facing charges of conspiracy to commit crime, defrauding by false pretence, and attempted fraud.

Their charges were read in court, but pleas were not taken pending further investigations. They are expected to reappear on November 20, 2025.

Presenting the facts, Police Chief Inspector Jacob Kuubal said the complainants were officers of the National Security Council Secretariat (NSCS).

He said the accused persons operated in and around Weija SCC and were part of a syndicate defrauding individuals under the guise of selling gold.

Investigations revealed that in 2023, Saleh and his accomplices defrauded Dr Muhammed Hizbullah, a Sri Lankan MP, of USD2 million under the pretext of supplying gold. After receiving the money, they failed to deliver the gold and cut contact with the victim.

Chief Inspector Kuubal said the accused later re-established contact with Dr Hizbullah, offering to sell him 50kg of gold and signing a Memorandum of Understanding to give the transaction a semblance of legitimacy.

Following an official complaint, a National Security team arrested the suspects at Weija SCC on October 16, 2025. Two yellowish metals suspected to be gold were retrieved during the arrest.

He said tests were being conducted to determine the authenticity of the metals.

Source:Dailymirror.lk

Jaffna named one of the best places to visit in 2026 by Lonely Planet

Jaffna has been named as one of the Top 25 Best Places to Visit in the World for 2026, by global travel publication Lonely Planet.

Jaffna, known as a cultural travel destination has attracted thousands of visitors in recent years.

The selection of Jaffna once again underscores Sri Lanka’s rich cultural and historical heritage and will help authorities’ push towards establishing the country as one of the most sort after tourist destination.

Lonely Planet unveiled its top destinations and experiences for the coming year with the release of Lonely Planet’s Best in Travel 2026.

In Lonely Planet’s new guide, the team of travel experts recommends where to go and what to do in 2026.

The book features 25 must-visit destinations and 25 essential experiences from all around the globe, illustrated with colourful photography, essays and local advice for exploring each place.

Founded in 1970, Lonely Planet is one of the world’s most trusted travel media brands, with more than 150 million guidebooks sold globally and an extensive digital reach.

These are the 25 best places to travel in 2026, according to Lonely Planet:

Peru, South America
Jaffna, Sri Lanka
Maine, USA
Cádiz, Spain
Réunion, Africa
Botswana, Africa
Cartagena, Colombia
Finland, Europe
Tipperary, Ireland
Mexico City
Quetzaltenango, Guatemala
British Colombia, Canada
Sardinia, Italy
Liberdade, São Paulo
Utrecht, Netherlands
Barbados, Caribbean
Jeju-Do, South Korea
North Island, New Zealand
Theodore Roosevelt National Park, North Dakota
Quy Nhon, Vietnam
Siem Reap, Cambodia
Phuket, Thailand
Ikra-Flinders Ranges and Outback, South Australia
Tunisia, Africa
Solomon Islands, Oceania