Central Bank invites private sector to raise offshore funding; zero-cost swap facility available
Sri Lanka's Central Bank with a view of encouraging foreign currency inflows to the country, invites the private sector to pursue avenues to raise …
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Sri Lanka Investment Forum 2021 kicks off
Sri Lanka Investment Forum 2021 was inaugurated this morning by His Excellency the President Gotabaya Rajapakse on a virtual platform. Today’s …
Mitigating Sri Lanka’s COVID-19 Education Crisis: Priority Areas for Action
By Ashani Abayasekara and Thisali de Silva The year 2020 saw close to 1.6 billion students from over 180 countries being kept out of schools for …
DSI enjoins infringer for sale of lookalike products
An action was filed by D. Samson & Sons (Private) Limited, through its legal representatives, Sudath Perera Associates for the infringement …
Our vision is to make Port City a key service hub in the region: President at SL Investment Forum
Sri Lanka has ambitious plans to double the national output from its current level to 8,000 dollars GDP per capita by 2030 and the country is also …
VIDEO: Maggi, KitKat-maker Nestle in spot after internal paper is reported
The leading newspaper, Financial Times recently had cited an internal company presentation that designated more than 60% of Nestle’s core food and …
Important notice for SriLankan Airlines passengers travelling to UK
SriLankan Airlines informs their customers that effective 0400hrs (UK Time) on Tuesday 8th June 2021, Sri Lanka will move to the “red list” of …
Sri Lanka calls on US House Foreign Affairs Committee not to proceed with resolution on SL
Sri Lanka, through its Ambassador in Washington Ravinatha Aryasinha, formally called on the US House Foreign Affairs Committee (FAC) not to proceed …
WindForce declares over 1 bn dividends with a strong performance
WindForce Limited, which listed on the CSE this year, displayed a strong performance for the year 2020/21. The company declared an interim dividend …
Fitch rates Singer Finance’s Sub Debt Final ‘A-(lka)’
Fitch Ratings has assigned Singer Finance (Lanka) PLC's (SFL, A+(lka)/Stable) Sri Lanka rupee-denominated subordinated unsecured debentures a final …
No disruptions to daily lives: Extend assistance to maintain industries and development: President
President Gotabaya Rajapaksa says that the Governors and District Secretaries should personally intervene to maintain essential services and prevent …
Fitch upgrades HNB Assurance, HNB General Insurance to IFS ‘A+(lka)’; outlook stable
Fitch Ratings has upgraded the National Insurer Financial Strength (IFS) Ratings of Sri Lanka-based life insurer, HNB Assurance PLC (HNBA), and its …
Litro Gas Lanka purchases 25 acres to set up Oxygen Plant
As the country experiences an increasing need for oxygen to treat COVID-19 affected patients, the health authorities have conveyed to the …
Trade in the Pandemic Era: A One-year Assessment
By Dr. Asanka Wijesinghe On the front page of The New York Times' March 27 edition, a staggering chart illustrated COVID-19-induced unemployment …
Uber partners with SL Red Cross Society: offers 50,000 free rides for supporting vaccinations
Uber today announced 50,000 free rides to the Sri Lanka Red Cross Society for transporting frontline healthcare workers, elderly and citizens from …
SEC grants extension to Listed Companies to release financial statements
The Securities and Exchange Commission of Sri Lanka (SEC), having considered the contents of the letter dated 28th May 2021 of the Colombo Stock …
President instructs to tow ‘X-PRESS PEARL’ vessel into deep seas
Sri Lanka’s President Gotabaya Rajapaksa has instructed officials a short while ago to tow the X-PRESS PEARL container ship into deep seas off the …
Australian assistance for investments and education sector promotion
Australia pledges assistance for investments and education sector promotion in Sri Lanka. The attention is also drawn to the potential of elevating …
CCPI based inflation increased to 4.5-pct in May 2021
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index has increased to 4.5 percent in May 2021 from …
Dialog powers ‘Diriya’ to place knowledge at the fingertips of entrepreneurs
Dialog Axiata PLC launched Diriya .lk, a free, trilingual online knowledge portal. This homegrown website features a comprehensive knowledge base …
First Capital records highest ever PAT of Rs. 2.09 Bn
First Capital Holdings PLC recorded a Consolidated Profit after Tax of LKR 2.09Bn for the financial year 2020/21. The results show a significant …
Govt and ADB sign USD200Mn loan agreement for rural road development
The Asian Development Bank (ADB) and the Government of Sri Lanka recently signed a $200 million loan agreement for the Second Integrated Road …
Members appointed to Colombo Port City Economic Commission
President Gotabaya Rajapaksa has appointed the members to the Colombo Port City Economic Commission, the President’s Media Division said. The …
Thinking about investing in the Northern Province?
By Jekhan Aruliah A few years ago I was speaking with a main board director of one of Sri Lanka’s largest companies. I asked him, a Jaffna Tamil …