First Capital Holdings announces LKR 2 Billion Debenture Issue
First Capital Holdings PLC (the Group), intends to raise a sum of LKR 1 billion via a Listed, Rated, Unsecured, Senior, Redeemable Debenture issue …
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Sri Lanka Ports Authority implements clearance of all imported goods through electronic methods
The Sri Lanka Ports Authority (SLPA) has taken steps towards the clearance of all imports at the Port of Colombo through electronic payments via the …
Sri Lanka to receive first batch of Covid-19 vaccines next week: President
President Gotabaya Rajapaksa said that Sri Lanka will receive the first batch of Oxford-AstraZeneca Covid-19 vaccines manufactured in India next …
President appoints CoI to investigate entire gamut of HR probes & findings
President Gotabaya Rajapaksa has appointed a 3-member Commission of Inquiry (CoI) to investigate, inquire into and report or take necessary actions …
Opinion: Extended producer responsibility to help address Sri Lanka’s plastic waste management
By Manjula de Silva, Secretary General and CEO, Ceylon Chamber of Commerce Each year, over 640,000 metric tonnes of plastic leak into the Indian …
Sri Lanka’s Post-COVID-19 Recovery: The Need for Inclusive Economic Growth
By Wimal Nanayakkara: High levels of inequality impede sustainable growth and development of a country. Sri Lanka made impressive strides to reach an …
Fitch revises two Sri Lankan insurers’ National IFS Ratings
Fitch Ratings has revised the National Insurance Financial Strength Ratings (IFS) of two Sri Lankan insurers following the recalibration of the …
Central Bank advises public to be watchful about online financial frauds & scams
The Central Bank strongly advises the public to be watchful about online financial frauds & scams and not to share any confidential information. …
“SL opens its doors to World” announced at travel trade awareness session in Mumbai
A virtual awareness session for the Travel Trade in Western India was held on 19 January 2021 to announce the re-opening of Sri Lanka for …
ASPI crosses 8000 points mark; Hayleys announces subdivision of shares
The All Share Price Index (ASPI) of the Colombo Stock Exchange crossed the key psychological mark of 8,000 today gaining 246.80 points to end the day …
SL vehicle registrations show an increase in Dec 2020: Jan expected to be nil
Jan 21, 2021 (LBO) - Sri Lanka's vehicle registrations for the month of December show an increase mainly due to a shifting of registrations from the …
SL explores bilateral trade with Philippines
The Embassy of Sri Lanka in Manila initiated a virtual introductory meeting between the State Trading Corporation of Sri Lanka (STC) and the …
CBSL instructs banks to defer payment of cash dividends until financial statements are finalized
The Monetary Board of the Central Bank having considered the possible adverse impact on liquidity and other key performance indicators of licensed …
Fitch expects Sri Lanka’s FX reserves to decline to around USD4.2 bn in 2021 & USD3.4 bn in 2022
Fitch downgraded Sri Lanka’s rating to ‘CCC’ from ‘B-’ in November 2020, reflecting the sovereign’s increasingly challenging public and …
Prime Finance raises Rs. 527mn via rights issue to meet core capital requirements
Prime Finance PLC, a member of the Prime Group, announced that it raised capital of Rs. 526.68 million following the successful conclusion of its …
Union Assurance records highest MDRT qualifiers in Sri Lanka
Union Assurance makes history with an all-new record of Million Dollar Round Table (MDRT) qualifiers to achieve #1 position in Sri Lanka. With 172 …
Sri Lanka’s export earnings amounted to USD 932Mn in December
The US$ 13.5 billion export target set for merchandise export sectors in early 2020 remains challenging, requiring not only strong efforts from local …
Gross official reserves estimated at USD 5.7bn at end 2020
Sri Lanka's gross official reserves were estimated at US dollars 5.7 billion at the end of 2020, with an import cover of 4.3 months, the Central Bank …
The differences between big data, data science and data analytics – and why it matters to your business.
As today’s software development practices form their foundations on the cloud through cloud support services, digital applications are more …
SL has fastest growing ageing population in SA: Needs meaningful integration of older persons
Sri Lanka has the fastest growing ageing population in South Asia and it is predicted that by 2030, 1 in 5 Sri Lankans will be over the age of 60 …
Eran warns “Be careful of pump and dump in stock market”
Jan 18, 2021 (LBO) - Former State Minister of Finance Eran Wickramaratna said that when we hear the message of share market it was not only the …
Test, Trace, Treat – Putting Sri Lanka’s Pandemic Management Mantra into Practice
Sri Lanka’s extensive network of public healthcare workers has been the underlying force behind the country’s pandemic response. This series of …
Fitch affirms Sri Lanka Telecom at ‘AA-(lka)’; outlook stable
Fitch Ratings has affirmed Sir Lanka Telecom PLC's (SLT) National Long-Term Rating at 'AA-(Ika)'. The Outlook is Stable. We have also affirmed the …
SEC welcomes market performance; low bank interest rates attract local investors to CSE
The Securities and Exchange Commission of Sri Lanka (SEC) welcomes the record-breaking performance of the Colombo Stock Exchange (CSE). Bloomberg has …