💰 The Economy
📰 Overnight Policy Rate further reduced by the Central Bank of Sri Lanka (CBSL)
The Monetary Policy Board has reduced the Overnight Policy Rate (OPR) by 25 basis points to
7.75 percent, further easing the monetary policy stance. The decision, aimed at guiding
inflation towards the 5 percent target amid global uncertainties and subdued domestic
inflationary pressures, was made after careful consideration of both local and international
developments.
Link: https://tinyurl.com/yr76w96f

📰 National consumer prices decline to 0.8 percent in April
Inflation, as measured by the National Consumer Price Index (NCPI), recorded a year-on-year
decline of 0.8 percent in April, following a 1.9 percent decrease in March 2025. On a monthly
basis, prices increased by 0.2 percent in April, reversing the 0.1 percent decline observed in
March, primarily due to the uptick in food prices.
Link: https://tinyurl.com/yj76r245

📰 Sri Lanka attracts USD 197 million in Q1 FDIs
Sri Lanka has earned USD 197 million through foreign direct investments (FDIs) in Q1 of 2025,
while the Government expects tourism revenue to reach USD 4 billion, as per a statement by
the Deputy Minister of Finance and Planning, Dr. Harshana Suriyapperuma. Furthermore, the
Government aims to attract USD 2 billion in FDIs in 2025, alongside planned investments totaling
USD 879 million from domestic investors.
Link: https://tinyurl.com/3mxev546

⚖ Politics & Policy
📰 Sri Lanka reiterates importance of maintaining lasting peace in Indian Ocean region
Delivering Sri Lanka’s opening statement at the 24th Meeting of the Indian Ocean Rim
Association (IORA) Council of Ministers, Minister of Foreign Affairs, Foreign Employment and
Tourism, Vijitha Herath reaffirmed Sri Lanka’s commitment to fostering a cohesive and inclusive region. Minister Herath also underscored the need for collaborative action to ensure the long-
term sustainability, security, and prosperity of the Indian Ocean.

Link: https://tinyurl.com/232kwfzf

📰 CBSL Chief dismisses likelihood of 44 percent tariff on Sri Lankan exports amid US trade tensions
CBSL Governor Dr. Nandalal Weerasinghe stated that the imposition of a 44 percent reciprocal
tariff on Sri Lankan exports to the US is unlikely, citing ongoing diplomatic engagement and
recent developments in global trade policy. He made these remarks at a public lecture
organised by the CBSL titled ‘State of the Economy as Reflected in the Annual Economic Review
2024’ on 16 May.
Link: https://tinyurl.com/347ps8m9

📰 BOI seeks diplomatic support to boost FDI inflows
The Board of Investment (BOI) Chairman, Arjuna Herath, and senior officials met with
designated ambassadors and diplomatic representatives of the Sri Lankan foreign service to
discuss strategies for attracting more Foreign Direct Investment (FDI) into Sri Lanka.
Link: https://tinyurl.com/2zm7nnn6

📰 CEB proposes second electricity tariff revision for 2025
The Ceylon Electricity Board (CEB) has formally submitted a proposal for a second electricity
tariff revision for the year 2025, marking another adjustment to the country’s power pricing
structure within the year. In response, the Public Utilities Commission of Sri Lanka (PUCSL)announced plans to seek public input on the proposed revision through a series of provincial-
level consultations, prior to arriving at a final decision.

Link: https://tinyurl.com/mr4aaddm

📰 Labour Department resumes services following temporary suspension
The Department of Labour has resumed all public services, including the disbursement of
member funds, following a temporary suspension due to essential computer network
maintenance.
Link: https://tinyurl.com/yrfzmzfr

!? What you need to know
📰 Teejay Group closes FY 2024/25 with a remarkable Q4 performance
Teejay Group reported a strong financial performance for the year ended 31 March, 2025,
recording a Profit After Tax of LKR 2.8 billion, which is a significant YoY (year-on-year) growth
of 152 percent.
Link: https://tinyurl.com/ye7jddyd

📰 Hameedia launches Sri Lanka’s first-ever online tailoring platform
Sri Lanka’s premier menswear brand, Hameedia has officially launched ‘We Create’—the
country’s first digital tailoring platform, accessible through www.envoylondontailorstore.com.
Link: https://tinyurl.com/5n8wj4na

📰 Ceylon Chamber of Commerce announces Sri Lanka Economic and Investment Summit 2025
The Ceylon Chamber of Commerce has announced the Sri Lanka Economic and Investment
Summit 2025, scheduled to be held from 2–3 December at the Shangri-La Hotel, Colombo. Under
the theme “Gateway to Growth – Asia’s Emerging Opportunity,” the summit will examine
strategies to unlock the country’s economic potential through reform, export growth, quality
investment, and regional integration. The agenda will address macroeconomic trends and
sectoral priorities, including green infrastructure, education, logistics, tourism, and export
diversification.
Link: https://tinyurl.com/4jpautz9

Disclaimer – This Advisory is intended for circulation among JAAF stakeholders only. Please do
not circulate or share on social media. The Advisory includes economic, political, social and
governance perspectives. This Advisory was prepared by the Strategic Communications Unit of
Adfactors PR Lanka. For inquiries, contact sarah.muiz@adfactorspr.com