Central Bank adds Thai Baht to list of designated foreign currencies
Sri Lanka's Central Bank has included the official currency of Thailand, the Thai baht to the list of designated foreign currencies under the …
All News
CSE to introduce Delivery Vs. Payment mechanism to Sri Lankan Stock Market
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) announce the introduction of a Delivery vs Payment …
CSE announces changes in S&P SL20 at mid-year index rebalance
The Colombo Stock Exchange (CSE) announces the following changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the …
Sri Lanka seeks collaboration on Graphene applications with Russian Company
The State Ministry of Regional Cooperation, recognizing the potential of Sri Lanka’s natural resources to contribute to the country’s economy, …
Travel restrictions to be relaxed from June 21st: Inter-provincial restrictions to remain
Inter-provincial travel restrictions to remain… Permission to conduct last rites on non-COVID 19 deaths within 24 hours… It has been decided to …
Enjoy lucrative career as CA Sri Lanka Certified Tax Accountant
Amidst an extremely competitive work environment, both students and professionals are increasingly focusing on enhancing their knowledge and skills …
GSP+ Impact to Sri Lanka: Mountain or molehill
Whilst the GSP plus helps significantly boost the country’s export performance, the loosing of it would not create a major vacuum on a broader …
Sampath Bank concludes Rs.750Mn structuring & investing in LVL Energy Fund’s unlisted bond
Sampath Bank PLC announced that it had recently concluded the structuring and investment of an unquoted, secured, non-convertible, deep-discounted …
Prospect to leave for work in Korea will be provided shortly, Korean Ambassador assures
The Korean Ambassador to Sri Lanka Woonjin Jeong assured the Foreign Minister that the facilities required for the Sri Lankan youth who are eligible …
COVID-19 and Sri Lanka’s External Sector: Challenges and Policy Choices
By Tharindu Udayanga: The COVID-19 pandemic exerted significant downward pressure on global trade as well as the global economy at large. …
Indian assistance to promote solar power project
Measures have been taken to increase the contribution by renewable energy sources to the national power grid by enhancing solar power generation as …
India Exim Bank to grant USD 100mn credit line to promote solar power in Sri Lanka
Measures have been taken to increase the contribution of renewable energy sources to the national power grid by enhancing solar power generation as …
INSEE Cement strengthens commitment to restore Nation on world environment day
INSEE Cement, Sri Lanka’s only fully integrated manufacturer of cement, reaffirmed its commitment towards ‘a restored nation’, answering the …
Emirates Group announces 2020-21 results
The Emirates Group today announced its first year of loss in over 30 years caused by a significant drop in revenue, fully attributed to the impact of …
Brandix sustainability summit calls for net-zero carbon future
Brandix hosted its inaugural Sustainability Summit on the 4th of June, in celebration of World Environment Day 2021 on 5th June. The summit focused …
IFC invests $5 mn in Sunshine Holdings to help diversify business operations in Sri Lanka
Consumers in Sri Lanka are set to benefit from a new $5 million investment by IFC to Sunshine Consumer Lanka Ltd, a subsidiary of Sunshine Holdings …
CSE reports highest quarterly earnings surpassing LKR 100bn milestone: Softlogic Research
The CSE witnessed another landmark, as reported earnings crossed the LKR 100bn mark for the first time in the history of the CSE during the first …
Ceylon Petroleum Corporation to build new storage facility at Hambantota International Port
The Ceylon Petroleum Corporation (CPC) signed a Memorandum of Understanding with the Hambantota International Port Group (HIPG), last week to develop …
Fitch Ratings affirms Sri Lanka at ‘CCC’
Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'CCC'. KEY RATING DRIVERS: Sri Lanka's 'CCC' rating …
Standard Chartered facilitates a trade loan to import 4 million COVID-19 vaccine doses for SPC
Standard Chartered Sri Lanka has successfully financed the import of 4 million COVID-19 vaccine doses for the State Pharmaceuticals Corporation by …
New Supreme Court Judge and New President of Court of Appeal sworn in
The President of the Court of Appeal, Justice Arjuna Obeysekera, was sworn in as a Supreme Court Judge before President Gotabaya Rajapaksa at the …
Sri Lanka’s official reserves down to USD 4bn by end May; YTD rupee depreciation 6.7-pct
Sri Lanka’s official reserves were 4 billion US dollars (USD 4,018.1mn) by the end of May, down from 4.5 billion US dollars in April, the latest …
Interview: CIAM; Challenges, opportunities and utilising it to meet evolving customer needs
Prabath Siriwardena, Vice President and Deputy CTO – Security Architecture at WSO2 discusses some of the challenges, opportunities and points to …
Orient Finance records threefold increase in net operating income
Orient Finance PLC reported a profit before tax of LKR 193 Mn for the 2020-21 financial year, reflecting a year-over-year growth of 144 per cent. The …