Navigating Sri Lanka economic crossroads: MP Harsha
In a press conference held recently at the Leader of the Opposition's office, Member of Parliament, Dr. Harsha de Silva provided crucial insights …
All News
Launch of CSE sustainability reporting guide and awareness session
The Colombo Stock Exchange (CSE), in collaboration with the Global Reporting Initiative (GRI), developed the 3rd version of the sustainability …
Relations between Sri Lanka and EU reviewed in Brussels
The Ambassador of Sri Lanka to the European Union Grace Asirwatham, who is completing her tour of duty in Brussels by the end of December 2023, had a …
Fitch Assigns DFCC Bank’s Basel III Subordinated Debt Final ‘BBB(lka)’
Fitch Ratings has assigned DFCC Bank PLC's (A-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up …
Softlogic (SHL) reports a massive Rs20bn loss as shares resume trading
December 5, 2023 (LBO) - Colombo Stock Exchange (CSE) listed Softlogic Holdings (SHL) reported a loss of over LKR 20bn for the year ended March 31, …
Sri Lanka’s exports decreased by 14.6-pct in October 2023
Sri Lanka’s merchandise exports decreased by 14.6 % to US$ 898.0 Million in October 2023 compared to October 2022 as per the provisional data …
Global Sovereign Sector Outlook Is Neutral, with Fiscal Risks in Focus, says Fitch Ratings
Global sovereign credit conditions are neutral entering 2024, as moderately weaker global economic growth and persistent strains on fiscal positions …
Fitch Affirms Bank of Ceylon’s IDRs; Places Viability Rating on Rating Watch Negative
Fitch Ratings has placed Bank of Ceylon's Viability Rating (VR) of 'cc' on Rating Watch Negative (RWN). At the same time, Fitch has affirmed BOC's …
Fitch Downgrades Singer (Sri Lanka) to A(lka); Outlook Stable
Fitch Ratings has downgraded Sri Lankan consumer-durable retailer Singer (Sri Lanka) PLC's National Long-Term Rating to 'A(lka)' from 'A+(lka)'. The …
Sri Lanka reaches debt restructuring deal with creditor nations: report
Sri Lanka has been informed of an apparent resolution regarding the restructuring of its debt with creditor nations. However, the awaited official …
Oil palm industry, SLAAS and NSF are advocating for a reevaluation of policy by Govt of SL on the industry
The Sri Lanka Association for the Advancement of Science (SLAAS) and the National Science Foundation (NSF) hosted a workshop to review the policy on …
NurtureLeap, turning Jaffna’s raw talent into IT professionals
By Jekhan Aruliah For all its catastrophic consequences COVID-19 lockdowns at least had a silver lining for Sri Lanka’s towns and cities beyond the …
ComBank’s Rs 6 billion Debenture Issue to open on 12th December
The Colombo Stock Exchange (CSE) has approved in principle the listing of Commercial Bank of Ceylon’s Rs 6 billion Debenture Issue opening on …
Public Investment for Closing the SDG Financing Gap: Sri Lankan Perspective
Sri Lanka, like many nations, grapples with the challenge of bridging the gap between aspirations and resources to achieve the United Nations' 2030 …
Vallibel One records a net profit of Rs. 4.47 Bn during the second quarter
Notwithstanding the macroeconomic constraints and conditions that prevailed during the year, Vallibel One Group remained focused on delivering …
Sri Lanka Economic Summit 2023 kicks off
The Ceylon Chamber of Commerce will host the Sri Lanka Economic Summit 2023 on November 28th and 29th at the Shangri-La Hotel, Colombo, with …
DeepSphere.AI and 10QBIT announce partnership to promote Sri Lanka as AI innovation and talent hub
DeepSphere.AI, led by the esteemed AI expert Jothi Periasamy, and 10QBIT under the leadership of UK-based technopreneur Sanj Chandran, have announced …
Amana Bank marks successful Rights Issue with ceremonial CSE market opening
Having carried out a successful Rights Issue with the objective of meeting the enhanced regulatory minimum capital, Amana Bank recently listed its …
VIDEO: What is OpenAI’s super-secret Project Q*
A breakthrough in artificial intelligence at OpenAI preceded former CEO Sam Altman's firing and was part of a list of the board's grievances, …
VIDEO: The Exciting, Perilous Journey Toward Artificial General Intelligence (AGI) | Ilya Sutskever
Just weeks before the management shakeup at OpenAI rocked Silicon Valley and made international news, the company's cofounder and chief scientist …
Public officials are duty bound to discharge public trust reposed in them: Eran
Eran Wickramaratne SJB MP stressed that it is the rule of law that is our biggest defence. SLPP MP Namal Rajapaksa on November 20th, is on record …
Headline inflation is expected to converge towards 5-pct level over medium term, says CBSL
Sri Lanka's Central Bank says that the spillover effects of tax measures and other developments are likely to be muted due to subdued underlying …
Monetary Policy Board further reduces policy interest rates by 1-pct
The Monetary Policy Board of the Central Bank of Sri Lanka, at its meeting held on 23 November 2023, decided to reduce the Standing Deposit Facility …
Advocata Institute raises concerns over enforcing minimum room rates for hotels in Colombo
The Advocata Institute raised concerns about the policy by Sri Lankan authorities to enforce minimum room rates for hotels in Colombo starting from …