diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index bfdbb07..db6411e 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -1,10 +1,10 @@
 [package]
 org = "ballerina"
 name = "yaml"
-version = "0.6.0"
+version = "0.7.0"
 authors = ["Ballerina"]
 keywords = ["yaml"]
 repository = "https://github.com/ballerina-platform/module-ballerina-yaml"
 icon = "icon.png"
 license = ["Apache-2.0"]
-distribution = "2201.10.0"
+distribution = "2201.11.0"
diff --git a/ballerina/Dependencies.toml b/ballerina/Dependencies.toml
index 69c4d4f..b601f40 100644
--- a/ballerina/Dependencies.toml
+++ b/ballerina/Dependencies.toml
@@ -5,12 +5,12 @@
 
 [ballerina]
 dependencies-toml-version = "2"
-distribution-version = "2201.10.0-20241007-143200-6b69ca80"
+distribution-version = "2201.11.0-20241121-075100-c4c87cbc"
 
 [[package]]
 org = "ballerina"
 name = "file"
-version = "1.10.0"
+version = "1.11.0"
 dependencies = [
 	{org = "ballerina", name = "io"},
 	{org = "ballerina", name = "jballerina.java"},
@@ -24,7 +24,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "io"
-version = "1.6.1"
+version = "1.7.0"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"},
 	{org = "ballerina", name = "lang.value"}
@@ -95,7 +95,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "log"
-version = "2.10.0"
+version = "2.11.0"
 dependencies = [
 	{org = "ballerina", name = "io"},
 	{org = "ballerina", name = "jballerina.java"},
@@ -109,7 +109,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "observe"
-version = "1.3.0"
+version = "1.4.0"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]
@@ -117,7 +117,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "os"
-version = "1.8.0"
+version = "1.9.0"
 dependencies = [
 	{org = "ballerina", name = "io"},
 	{org = "ballerina", name = "jballerina.java"}
@@ -140,7 +140,7 @@ modules = [
 [[package]]
 org = "ballerina"
 name = "time"
-version = "2.4.0"
+version = "2.6.0"
 dependencies = [
 	{org = "ballerina", name = "jballerina.java"}
 ]
@@ -148,7 +148,7 @@ dependencies = [
 [[package]]
 org = "ballerina"
 name = "yaml"
-version = "0.6.0"
+version = "0.7.0"
 dependencies = [
 	{org = "ballerina", name = "file"},
 	{org = "ballerina", name = "io"},
diff --git a/build-config/resources/Ballerina.toml b/build-config/resources/Ballerina.toml
index 1330415..967a54d 100644
--- a/build-config/resources/Ballerina.toml
+++ b/build-config/resources/Ballerina.toml
@@ -7,4 +7,4 @@ keywords = ["yaml"]
 repository = "https://github.com/ballerina-platform/module-ballerina-yaml"
 icon = "icon.png"
 license = ["Apache-2.0"]
-distribution = "2201.10.0-20241007-143200-6b69ca80"
+distribution = "2201.11.0"
diff --git a/gradle.properties b/gradle.properties
index 4b465a5..d8c67a7 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -1,6 +1,6 @@
 org.gradle.caching=true
 group=io.ballerina.stdlib
-version=0.6.1-SNAPSHOT
+version=0.7.0-SNAPSHOT
 
 checkstylePluginVersion=10.12.0
 spotbugsPluginVersion=6.0.18
@@ -9,15 +9,15 @@ downloadPluginVersion=5.4.0
 releasePluginVersion=2.8.0
 ballerinaGradlePluginVersion=2.2.3
 
-ballerinaLangVersion=2201.11.0-20241117-133400-a3054b77
+ballerinaLangVersion=2201.11.0-20241121-075100-c4c87cbc
 
 #stdlib dependencies
-stdlibIoVersion=1.6.2-20241112-233100-995cf5f
-stdlibLogVersion=2.10.1-20241113-120000-4577868
-stdlibFileVersion=1.10.1-20241113-151700-e1a2e38
-stdlibOsVersion=1.8.1-20241113-122000-cca973b
+stdlibIoVersion=1.7.0-20241121-173300-0fbd5d4
+stdlibLogVersion=2.11.0-20241122-150100-2e1a3ca
+stdlibFileVersion=1.11.0-20241122-180900-dff344c
+stdlibOsVersion=1.9.0-20241122-071800-1fae486
 
 #stdlib transitive dependencies
-stdlibTimeVersion=2.6.0-20241113-073800-201b904
-observeVersion=1.4.0-20241113-092000-b83ae74
-observeInternalVersion=1.3.1-20241113-101700-265054d
+stdlibTimeVersion=2.6.0-20241122-120400-97742a7
+observeVersion=1.4.0-20241122-184200-c596093
+observeInternalVersion=1.4.0-20241122-185200-9e5b1bb
diff --git a/gradle/wrapper/gradle-wrapper.properties b/gradle/wrapper/gradle-wrapper.properties
index 9f4197d..e2847c8 100644
--- a/gradle/wrapper/gradle-wrapper.properties
+++ b/gradle/wrapper/gradle-wrapper.properties
@@ -1,6 +1,6 @@
 distributionBase=GRADLE_USER_HOME
 distributionPath=wrapper/dists
-distributionUrl=https\://services.gradle.org/distributions/gradle-8.2.1-bin.zip
+distributionUrl=https\://services.gradle.org/distributions/gradle-8.11.1-bin.zip
 networkTimeout=10000
 validateDistributionUrl=true
 zipStoreBase=GRADLE_USER_HOME