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Hambantota Port Rejuvenates Container Operations with USD 41 Mn Crane Upgrade

The Hambantota International Port Group (HIPG) announced a significant investment of US dollars 41 million in state-of-the-art crane technology, set …

EnerG Sustainables to host training on solar integration and AI-driven energy management

EnerG Sustainables, the renewable energy and energy management consultation across the GCC and beyond, is announcing an intensive two-day training …

Delmege Insurance Brokers secures number one position in the business

Delmege Insurance Brokers Ltd, a trailblazer in the insurance brokerage sector, has proudly achieved the coveted position of being the highest ranked …

Moody’s places Sri Lanka’s long-term foreign currency issuer rating on review for upgrade

Moody's Ratings (Moody's) has announced a review for a potential upgrade of the Government of Sri Lanka's Ca long-term foreign currency issuer …

Port City Colombo Offers A Variety Of Lifestyle, Leisure, And Entertainment Experiences

Port City Colombo, a visionary multi-service Special Economic Zone and master-planned city, invites the local community to partake in an assortment …

Ambeon Holdings makes a strategic investment in Seylan Bank for LKR 1.4 Bn

Ambeon Holdings PLC, a diversified conglomerate reputed for its market dominance across sectors such as financial services, real estate, technology, …

SLIIT Northern Uni, ICT and Business Management Degrees in Jaffna

By Jekhan Aruliah I often walk past the SLIIT Northern Uni building in Jaffna at the junction of Arasadi and Palaly Road on my way from my place to …

GSP+: Can It Drive Inclusive Growth In Sri Lanka?

By Rashmi Anupama, Chaya Dissanayake, and Dr Asanka Wijesinghe In a mid-October 2024 meeting with the European Union (EU) Ambassador, Sri Lanka …

Opinion: A Missed Opportunity – Why Harsha De Silva Could Have Been the Ideal Opposition Leader

By Chethana Ranathunga and Yasu-e Karunaratne Edussuriya A coalition that previously held only three seats has achieved a sweeping victory in Sri …

IMF Managing Director Kristalina Georgieva Issues Statement to Financial Community on Sri Lanka

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Sri Lanka to Members of the …

Central Bank of Sri Lanka further eases its monetary policy stance

The Monetary Policy Board of the Central Bank of Sri Lanka has decided to further ease the monetary policy stance and set the newly introduced …

CBSL implements Single Policy Interest Rate Mechanism by Introducing Overnight Policy Rate

The Monetary Policy Board of the Central Bank of Sri Lanka has decided to implement a single policy interest rate mechanism transitioning from its …

Local Consortium of SL Commits to Supporting Govt’s International Sovereign Bond Restructuring

The Local Consortium of Sri Lanka (the “LCSL”), comprised of domestic commercial banks and financial institutions, commits its full support for …

Global Sovereign Sector Outlook Is Neutral, with US Policy Risks to the Fore: Fitch Ratings

Global sovereign credit conditions are neutral entering 2025, as an only mild slowdown in world economic growth and further cuts to policy interest …

Opinion: From Guesswork to Governance – How Data-Driven Policy Can Transform Sri Lanka’s Future

By Jithendra Antonio Amidst the sweeping wave of digital transformation, Sri Lanka stands at a consequential inflection point. While government …

Ceylon Chamber of Commerce Welcomes Staff-Level Agreement for Third Review of IMF Program

The Ceylon Chamber of Commerce welcomes the announcement of a staff-level agreement for the third review under the International Monetary Fund (IMF) …

VIDEO: What’s behind the US indictment of Indian billionaire Gautam Adani?

Indian billionaire Gautam Adani, one of the world's richest people, has been indicted on multiple counts of fraud in the US. The criminal charges are …

Fitch Assigns Senfin Asset Management First-Time ‘BBB-(lka)’ Rating; Outlook Stable

Fitch Ratings has assigned Sri Lanka-based Senfin Asset Management (Private) Limited a first-time National Long-Term Rating of 'BBB-(lka)' with a …

Foreign Investors Explore Opportunities at Trincomalee and Hambantota Ports

As part of the Voyage Sri Lanka 2024 initiative, a group of 20 potential foreign investors from countries including India, Saudi Arabia, Maldives, …

ComBank Digital soars past 1.5 million registered users in a landmark moment

The Commercial Bank of Ceylon has achieved another milestone in its digital revolution, with ‘ComBank Digital’ – the Bank’s omni-channel …

IMF Reaches Staff-Level Agreement on the Third Review under SL’s Extended Fund Facility Arrangement

An International Monetary Fund (MF) team led by Peter Breuer, Senior Mission Chief for Sri Lanka, visited Colombo from November 17 to 23, …

Sri Lanka elected to the UN Commission on International Trade Law

Sri Lanka was among thirty-one (31) members elected to the United Nations Commission on International Trade Law (UNCITRAL) by the UN General Assembly …

Sri Lanka’s Agripreneurs’ Forum Ready to Collaborate with Govt for Economic Revival & Food Security

The Sri Lanka Agripreneurs’ Forum (SLAF) congratulates the newly elected government and parliament, expressing optimism for a transformative era in …

Reducing Sovereign Stresses Will Support Sri Lankan Banks’ Credit Profiles: Fitch Ratings

Sri Lankan banks’ operating environment (OE) assessment and overall credit profiles will be supported by any improvement in the sovereign’s …