Actions will be taken to liquidate five failed finance companies: Central Bank
Actions will be taken to liquidate the five failed finance companies in accordance with applicable legal provisions, Sri Lanka's Central Bank said. …
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Sri Lanka to introduce new law on contempt of court
As the offense of contempt of court has not been defined in Sri Lanka, there is no clear and uniform procedure for hearing and adjudicating such …
Fuel to be supplied only for essential services from midnight: Cabinet
The remaining fuel stocks will be distributed only for essential services with effect from midnight today (June 27) until the 10th of July, Cabinet …
Sri Lanka exports recorded 5-billion-dollar mark in five months
Earnings from the merchandise exports increased by 9.9 % y-o-y to US$ 980.2 Mn in May 2022 as per the data released by the Sri Lanka Customs. This …
Troubled Transportation: Lessons for Colombo from Manila, Bangkok and Hong Kong
One of the most critical implications of Sri Lanka’s current economic crisis is the hard hit on the transport sector. The foreign exchange shortage …
New insights into SL’s Cauvery and Mannar Basins from FTG and aeromagnetic data
Bell Geospace, the world leaders in gravity gradiometry, has conducted the first aerial mapping of petroleum resources in Sri Lanka in Q4 of 2021, …
Hemas, Dilmah, Brandix & Daraz come together to provide emergency relief under UNDP-led initiative
The health and food sectors are two of the most heavily affected by the ongoing economic crisis in Sri Lanka, with severe medical and food supply …
Central Bank to initiate actions against persons who hold over USD 10,000 in possession
With the intention of attracting foreign currency in the hands of the public into the formal banking system, the Minister of Finance has issued an …
Fitch Downgrades BOC’s Foreign Currency IDRs to Restricted Default; Maintains National Rating at ‘AA –(lka)’/RWN
Fitch Ratings has downgraded Bank of Ceylon's (BOC) Long- and Short-Term Foreign Currency (FC) Issuer Default Ratings (IDRs) to 'RD' (Restricted …
WSO2 Founder CEO Sanjiva Weerawarana receives 2022 IEEE TCSVC Research Innovation Award
WSO2, a leader in digital transformation technology, today announced that Dr. Sanjiva Weerawarana, WSO2 founder and CEO, is a recipient of the 2022 …
Indian Foreign Secretary and delegation visit Sri Lanka
The Foreign Secretary of India Vinay Kwatra arrived in Sri Lanka this morning on a one day visit related to the bilateral assistance provided to Sri …
CA Sri Lanka launches Non-Financial Reporting Guideline to promote reporting practices among companies
In its standing as the sole authority to promulgate accounting and auditing standards in the country, the Institute of Chartered Accountants of Sri …
Pan Asia Bank ties up with Ria, world’s 3rd largest money transfer platform
As The Truly Sri Lankan Bank, Pan Asia Bank continues to add value to customer experience. In its latest customer-centric initiative, Pan Asia Bank …
Trillium Property Management ground breaks on USD 10Mn duplex apartment project
Trillium Property Management, a luxury apartment owner, developer, and operator, recently held the groundbreaking ceremony of its latest 60 upscale …
Final report of Presidential Comm of inquiry on SL Customs, handed over to President
The final report of the Presidential Commission of Inquiry into Sri Lanka Customs was handed over to President Gotabaya Rajapaksa by Chairman of the …
Finance Minister of India assures her fullest support to economic recovery process in Sri Lanka
Finance and Corporate Affairs Minister of India Nirmala Sitharaman assured the High Commissioner of Sri Lanka to India, Milinda Moragoda of her …
Dhammika Perera enters Parliament
Sri Lankan businessman Dhammika Perera was sworn in as a Member of Parliament before the Speaker today representing the Sri Lanka Podujana Peramuna …
Central Bank deploys new system to monitor foreign currency transactions
Recognising the need to implement a comprehensive cross-border transactions and domestic foreign currency transactions monitoring system as a key …
NCPI based headline inflation increased to 45.3-pct in May
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index has increased to 45.3% in May 2022 from 33.8% …
Geographical Indication (GI) status for Ceylon Cinnamon attracts Turkish market
The Embassy of Sri Lanka in Turkey initiated a programme to promote Ceylon Cinnamon aggressively in Turkey after obtaining the European Union …
JKH to raise equivalent of USD 75Mn via unlisted convertible debentures to Fairfax Financial
John Keells Holdings PLC (JKH) announced it will raise the equivalent of USD 75 million of foreign direct investment by way of a private placement of …
Towards a Developed Urban Transportation System: Lessons for Sri Lanka
A new publication from the Institute of Policy Studies of Sri Lanka (IPS) calls for a legally binding master plan for public transportation in Sri …
Zero chance for illegal migrants, says Australia’s new Minister for Home Affairs
Minister of Foreign Affairs of Sri Lanka Prof. G. L. Peiris held a meeting with Australia’s Minister for Home Affairs, Clare O’Neil MP …
Flights between China and Sri Lanka to increase
It has been decided to increase the number of flights between China and Sri Lanka. Accordingly, China will operate three flights to Sri Lanka from …