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 …
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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 …
Fitch Places Seven Sri Lankan Insurers on Rating Watch Negative
Fitch Ratings has placed the National Insurer Financial Strength (IFS) Ratings of seven Sri Lankan insurers on Rating Watch Negative (RWN). The …
Sri Lanka’s Foreign Minister requests bridging finance from Chinese Ambassador
Minister of Foreign Affairs, Professor G.L. Peiris has requested assistance from China, particularly in the field of bridging finance during a …
Sampath Bank strengthens its strategic partnership with Paycorp International
Sampath Bank PLC announced that its connection to UnionPay International (UPI) is now complete and that the Sampath Bank Payment Gateway powered by …
European Union gives Rs.60Mn in grants to support small tourism businesses
The Delegation of the European Union in Sri Lanka (EU) and the Sri Lanka Tourism Development Authority (SLTDA) awarded the first three grants - …
Xebiro developing European tech in London, Colombo, and Jaffna
By Jekhan Aruliah COVID-19 lockdowns and remote working The COVID-19 pandemic, which had a devastating impact on health and on economies, is having a …
Aitken Spence Travels first in the industry to be certified for OHS
Aitken Spence Travels proved their commitment to uphold exemplary benchmarks in occupational health and safety by becoming the first destination …
Rambukkana incident: BASL calls for an independent investigation
The Bar Association of Sri Lanka (BASL) calls for an independent investigation of the Rambukkana incident and says the Government must ensure that …
MAS Holdings’ calls for immediate and decisive action to resolve the current crisis
MAS Holdings, one of Sri Lanka's largest private sector employers and exporters reiterates the need for immediate and decisive action to resolve the …
Joint Chambers call for repeal of 20th amendment in letter to President
Sri Lanka's Joint Chambers of Commerce in a letter addressed to President Gotabaya Rajapakse has requested action to be initiated to repeal the …
Bangladesh and Sri Lanka explore new investments and Blue economy potential
High Commissioner Professor Sudharshan Seneviratne drew home the importance of the tremendous potential both countries hold to work jointly …
IMF to consider Sri Lanka’s special request for a Rapid Financing Instrument
The International Monetary Fund (IMF) will consider the special request made despite it being outside of the standard circumstances for the issuance …
India supports Sri Lanka in expediting Extended Fund Facility with IMF
India will fully support the deliberations of Sri Lanka with the IMF, especially on the special request made for expediting an Extended Fund Facility …
Manufacturing PMI increased month-on-month basis at slower rate
Following the seasonal pattern in manufacturing activities, the manufacturing PMI increased on a month-on-month basis to an index value of 57.8, yet …
I take current crisis as an opportunity to bring about change people expect: President
Address by the President Gotabaya Rajapaksa to the newly appointed Ministers after the swearing-in of the new Cabinet: Today, I am addressing you at …
Colombo Stock Brokers Association defends the decision by SEC to temporarily close down CSE
Colombo Stock Brokers Association (CSBA) defends the decision by the Securities and Exchange Commission of Sri Lanka (SEC) to temporarily close down …
17 new Cabinet Ministers sworn in before President
17 new Cabinet Ministers were sworn in before President Gotabaya Rajapaksa at the President's House in Colombo, today (18). They are: Dinesh …