Joint Chambers call for appointment of interim PM and cabinet
Joint Chambers together with Institute of Chartered Accountants of Sri Lanka call upon the President to take immediate steps to appoint a competent …
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Protests at the Naval Base in Trinco
A protest erupted outside the Trincomalee Naval Base as reports have said that former prime minister Mahinda Rajapaksa and some of his family members …
IGP orders CID to probe attack on “Temple Trees and Galle Face Green”
The Inspector General Of Police has ordered the Criminal Investigations Department to immediately initiate investigations into the incident in which …
Commercial Bank appoints Sanath Manatunge as MD/CEO
Sellathurai Prabagar appointed new COO in smooth succession at country’s top private sector bank The Commercial Bank of Ceylon PLC has announced …
Sri Lanka imposes curfew under Section 16 of Public Security Ordinance
Curfew has been imposed on the entire country from 7.00 pm Monday (09) to 7.00 am Tuesday (10) in accordance with the provisions of section 16 of the …
Sri Lanka PM steps down triggering cabinet resignations following month long protests
Cabinet Ministers have begun to resign following the resignation of the Prime Minister Mahinda Rajapaksa from his post. Channa Jayasumana and Widura …
Ceylon Chamber calls for immediate action be taken against attacks on protesters
The Ceylon Chamber of Commerce is alarmed by the violent attacks on protestors outside Temple Trees and at Galle Face and calls upon the Government …
Due consideration will be given to proposals in compliance with Constitution: President tells BASL
President Gotabaya Rajapaksa stated that he will consider acting in compliance with the Constitution on the proposals put forward by the Bar …
Uncovering the human element in ESG at Kelani Valley Plantations;Report
The challenge of driving meaningful progress in Environmental, Social and Governance (ESG) standards hinges on people more than it does processes or …
New payment terms related to importation of goods gazetted
Regulations have been promulgated under the Imports and Exports Control Act, No. 01 of 1969 and published in the Gazette No. 2278/21 dated 6th May …
Year on year food prices increase close to 50-pct: Advocata
Advocata’s Bath Curry Indicator (BCI) , which tracks the monthly changes in the retail price of food, recorded an increase of 14% from March …
Investment opportunities of Port City Colombo presented in London
Sri Lanka High Commission in London in partnership with the CHEC Port City Colombo (Pvt) Ltd and Commonwealth Enterprise and Investment Council …
“Export outlook dims amidst economic challenges” latest CCC-USAID export barometer survey says
Findings from the latest bi-annual Export Barometer Survey indicate that exporters are losing confidence in the industry’s outlook, as firms face …
Cipla together with SLCP and Big Life magazine to mark World Asthma Day with charity cycle ride on May 7th
The Big Life magazine in partnership with Cipla, a leading pharmaceutical company has organized a fun cycle ride on Saturday, May 7th. to mark World …
It is critical that we receive funds from Japan, as they are the only option we have left: Harsha
Contrary to statements made by former Ministers who stated that Sri Lanka will receive funds from the Middle East and various other countries, …
Another Grant of 300 Million Chinese Yuan from China to Sri Lanka
China has decided to provide another grant of 300 million Chinese Yuan to Sri Lanka to help in the supply of medicine, food, fuel, and other …
Luminex Limited announces upcoming IPO
Luminex Limited has announced their plans for a LKR 250 Million initial Public Offering (IPO) of 31,250,000 ordinary shares at LKR. 8/- per share …
Some Sri Lankan Corporates More Affected by Stressed Environment: Fitch Ratings
Some rated Sri Lankan corporates are more affected by the challenging macroeconomic environment stemming from the Sri Lanka sovereign’s distressed …
Sri Lanka’s economic panorama: Today is yesterday’s tomorrow. Are we too late?
By Gayan Gunewardana Once a flourishing island, Sri Lanka now faces its worst economic crisis since gaining independence in 1948. The article covers …
Staff-level agreement with IMF is likely to be reached within next 2 months: CB Governor
While external debt restructuring remains a top priority for the Sri Lankan government, domestic debt in the form of Government securities and Sri …
Debt-for-nature swaps can provide debt relief, but could constitute event of default: Moody’s
In a proposal to Sri Lanka's government, the United Nations Development Programme (UNDP) has suggested debt-for-nature swaps as part of the …
Inflation is expected to peak at 29-pct in July; LKR to further depreciate
Inflation is expected to peak at 29% in July owing to potential price hikes in essential commodities like gas, electricity, and fuel prices, the …
Commercial plantations urge immediate Government action to prevent industry’s demise
The Government’s failure to allocate fuel quotas to the Regional Plantation Companies (RPCs), together with continuous power disruptions and …
IMF team for Sri Lanka completes initial technical discussions on an IMF-supported program
During the 2022 IMF and World Bank Spring Meetings in Washington, D.C., IMF Managing Director Kristalina Georgieva and other senior members of IMF …