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Fitch Assigns Commercial Bank’s Basel III Subordinated Debt Final A(lka); on RWN

Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (COMB, AA (lka)/Rating Watch Negative (RWN)) proposed Sri Lankan rupee denominated Basel …

Central Bank publishes “Recent Economic Developments: Highlights of 2022 and Prospects for 2023”

The Central Bank of Sri Lanka today published “Recent Economic Developments: Highlights of 2022 and Prospects for 2023”. The publication can be …

Construction of Colombo Port’s West Container Terminal kicks off

Construction of the Colombo Port's Western Container Terminal (WCT) ceremonially commenced on Wednesday as a public-private partnership. Adani Ports …

Opinion: What Sri Lanka Can Learn from China’s Bitter Experience

By M. Rizwan Muzzammil The following article, describing the economic growth of China, extracts information from “The Power of Capitalism” by …

Only 20-pct of Sri Lanka’s working-age population have access to formal work: report

Promoting Access to Decent Work Amidst Sri Lanka’s Economic Crisis[1] From IPS’ flagship publication, ‘Sri Lanka: State of the Economy 2022’ …

UN ramps up its urgent humanitarian appeal to bring life-saving assistance to 3.4 mn Sri Lankans

The United Nations (UN) team in Sri Lanka and non-governmental organizations have today revised and extended their joint Humanitarian Needs and …

Aitken Spence records quadruple-digit growth over previous year

The diversified blue-chip Aitken Spence PLC reported a profit before tax of Rs. 8.5 Bn for the six months ended 30th September 2022. This is an …

Teejay Lanka consolidates in Q2 to post 6-month revenue of Rs 48.6 billion

A doubling of synthetic fabric volumes, higher selling prices and the impacts of the depreciation of the Rupee have generated strong growth for …

Driving Policy Action in Sri Lanka from Economic Crisis to Recovery

The Institute of Policy Studies of Sri Lanka (IPS) held a seminar on 25 October 2022 to coincide with the release of the Institute’s annual …

With people rushing for Sri Lanka’s exit, is anyone coming back?

By Jekhan Aruliah In July 2022 the Sri Lanka Sunday Times reported “Pandemonium at passport office”, reporting people sleeping for days in queues …

SEC, CSE and IFC host the second Investor Forum in Galle

The Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE), and the International Finance Corporation (IFC), in …

Business Chambers request all parties to call off protests planned on 2nd Nov

Several Business Chambers in a joint statement note with concern that some organizations have called for mass protests on 2 nd November. While …

Microsoft launches startup founders hub in Sri Lanka

Microsoft for Startups Founders Hub was recently launched in Sri Lanka to empower local startup founders to turn their ideas into reality and help …

CCPI based headline inflation starts to decline

Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index which followed an increasing trend since October 2021, …

Sri Lanka to join OACPS with a potential EU FTA

Sri Lanka's Presidential Envoy to Europe and the Commonwealth, Niranjan de Silva Deva Aditya (Nirj Deva), said this week in Brussels that he has …

SLASSCOM ties up with Information & Communications Technology Association of Jordan

Under the aegis of the Embassy of Sri Lanka in Jordan, an MoU between SLASSCOM and INT@J was signed on 27 October, 2022. The MoU signing took place …

Microsoft launches Founders Hub in Sri Lanka

Microsoft for Startups Founders Hub was recently launched in Sri Lanka to empower local startup founders to turn their ideas into reality and help …

Low interest working capital loan scheme for SMEs under ADB credit line

Small and medium enterprises can avail of working capital loans from banks through a loan scheme facilitated under an existing ADB credit line, the …

Colombo Stock Exchange extends trading hours from 01st Nov

The Board of Directors of the Colombo Stock Exchange (CSE), with the consultation of the Securities and Exchange Commission of Sri Lanka (SEC) have …

CCC hails passing of 21st Amendment; applauds consensual approach adopted by political parties

The Ceylon Chamber of Commerce is pleased to note the passing of the 21st amendment with an overwhelming majority in Parliament last week. While all …