Author: Buzzer Editorial

The Plastics and Rubber Institute of Sri Lanka (PRISL) extends its sincereappreciation for the recent decision by U.S. President Donald Trump to reduce and finalize the tariff rate to20% on Sri Lankan exports to the United States. This strategic policy move marks a pivotal milestone forSri Lanka’s manufacturing and export sectors, particularly the rubber and plastics industries, which havelong been key contributors to the national economy.This significant tariff reduction comes at a critical juncture as Sri Lanka continues its recovery from a severeeconomic downturn, still navigating through an International Monetary Fund (IMF) bailout program. Thelowered tariff rate offers a much-needed…

The Colombo Stock Exchange (CSE) reached a historic milestone today (04), as the All Share Price Index (ASPI) surpassed the 20,000 mark for the first time during morning trading.At the time the ASPI crossed this significant threshold, today’s turnover was recorded as over Rs. 432 million.

The Colombo High Court has postponed the hearing of the case filed against Yoshitha Rajapaksa, son of former President Mahinda Rajapaksa, and his grandmother Daisy Forest, under the Prevention of Money Laundering Act, until October 29.The defendants appeared before the court when the case was called today, said Ada Derana reporter. However, the hearing was adjourned as Colombo High Court Judge Pradeep Abeyratne, who is presiding over the case, was on leave.The Attorney General has filed the case under three charges, alleging that the defendants violated the Prevention of Money Laundering Act by depositing over Rs. 59 million—believed to be illegally…

Minister of Foreign Affairs, Foreign Employment, and Tourism Vijitha Herath stated that an income of $3.7 billion has been generated from tourist arrivals over the past six months.He added that another $3.7 billion in revenue is expected by the end of the year.Minister Herath made these remarks while attending an event at the Seeta Amman Kovil in Nuwara Eliya.He explained that Indians are the largest group of tourists arriving in Sri Lanka, with many coming for religious purposes, and added that religious sites such as Koneswaram Temple and Kataragama are particularly popular among them.Commenting further, he said, “That is a…

Policy agreement was reached at the Parliamentary Staff Advisory Committee regarding the proposal to transform the Speaker’s official residence into a dedicated “Center for Parliamentary Studies and Research,” intended as an exclusive hub for Members of Parliament, Provincial Council members, and Local Government representatives.Accordingly, the committee approved the appointment of a Project Manager, preferably a retired senior government officer, to coordinate, advise, and lead the planning and structuring of the foundational framework of the Center for an initial period of six months.These matters were discussed at the Parliamentary Staff Advisory Committee meeting held on 24th July 2025, chaired by Speaker…

The Department of Coast Conservation and Coastal Resource Management has announced plans to introduce new legislation that would impose annual fines on unauthorized structures built in coastal areas across Sri Lanka.According to the Department’s Director General, Professor Terney Pradeep Kumara, more than 2,500 such unauthorized constructions have been identified island wide.“Over the past 10 to 15 years, a significant number of unauthorized structures have been erected within designated coastal zones,” he stated. “We are in the process of demolishing some of these buildings, while others will be subject to hefty annual fines. Legal measures are being taken to address and regularize…

A bus transporting garment factory workers veered off the road and toppled down a precipice in Dehiowita, along the Kegalle–Avissawella main road, early this morning (02), said Ada Derana reporter. A total of 41 employees from a garment factory were on board the bus at the time of the accident. All 41 passengers have been admitted to the District General Hospital in Avissawella for treatment, said Ada Derana reporter.The bus was en route from Deraniyagala to the Avissawella Industrial Estate at the time of the incident, which occurred around 6:30 a.m.

Sri Lanka Cricket (SLC) has officially announced that the sixth edition of the Lanka Premier League (LPL) will be held from November 27 to December 23, 2025.The matches will be played across three premier international venues:• R. Premadasa International Cricket Stadium (RPICS), Colombo• Pallekele International Cricket Stadium (PICS), Pallekele• Rangiri Dambulla International Cricket Stadium (RDICS), Dambulla “The idea to conduct the LPL during this time frame is aimed at aligning the tournament with the ICC Men’s T20 World Cup 2026,” said Samantha Dodanwela, Tournament Director, LPL. The LPL, Sri Lanka’s flagship domestic T20 tournament with an international appeal, serves as a dynamic…

Home Lands, has once again reaffirmed its market leadership by achieving a historic milestonein the country’s property sector. The company recorded the highest ever sales turnover in amonth by any real estate developer in Sri Lanka, generating an impressive Rs. 7.4 billion in salesfrom 104 units in June 2025 alone. This landmark achievement was significantly driven by thesuccessful launch of Pentara Residencies, the latest addition to the company’s growing portfolioof premium developments.This achievement is not only a testament to the strength of the Home Lands brand but also tothe continued trust and confidence placed in it by clients, both locally…

The Government of India has released the first installment, amounting to around USD 2.5 Million for the installation of an advanced signalling and telecommunication system along the Maho–Anuradhapura Railway Line.This marks another key milestone in India–Sri Lanka cooperation in the railway sector, the Indian High Commission in Colombo stated.The project was jointly launched by President Anura Kumara Dissanayake and Prime Minister of India Narendra Modi during the recent high-level visit in April 2025. Initially envisaged as a Line of Credit (LoC) project at a cost of USD 14.89 million, it was later converted into a grant by the Government of…