Commercial Credit joins hands with Western Union
Commercial Credit and Finance PLC, one of Sri Lanka's premier non-bank financial institutions, recently joined hands with MMBL Money Master (brand …
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Sri Lankan Banks’ Asset Quality Under Pressure as Relief Measures End: Fitch Ratings
Sri Lankan banks are likely to face continued asset-quality pressure in 2022 as rising macroeconomic stresses stemming from the sovereign credit …
President presents awards for national industry outstanding performers
The National Industrial Excellence Awards Ceremony was held under the patronage of President Gotabaya Rajapaksa at the Waters Edge in Battaramulla, …
USD 111.5mn raised through direct issuance of SLDBs YTD: Central Bank
Sri Lanka's Central Bank has raised USD 111.5 million through direct issuance of SLDBs from 01 January to 15 February 2022.buy lexapro online buy …
EPF & ETF will not be subjected to Surcharge Tax: Finance Minister Basil Rajapaksa
Finance Minister Basil Rajapaksa has informed the Cabinet of Ministers that the Employees Provident Fund and the Employees Trust Fund are not …
Aitken Spence reports its highest ever Q3 PBT of Rs. 3 Bn
The leading blue-chip conglomerate, Aitken Spence PLC reported its best ever third quarter (Q3) performance with a Profit-Before-Tax (PBT) of Rs. 3 …
Ceylon Chamber of Commerce requests Government to reconsider Surcharge Tax Bill
The Ceylon Chamber of Commerce earnestly requests the Government to reconsider some of these provisions before it is submitted for approval by …
Pro-Poor Tourism: Can it Reduce Poverty in Sri Lanka?
By Kimuthu Kiringoda: “Tourism has been described as the world’s largest transfer of resources from rich to poor, dwarfing international aid.” …
We stand ready to discuss options if Sri Lanka requests financial support: IMF
The International Monetary Fund (IMF) reiterates that they are standing ready to discuss options if Sri Lanka requests financial support. Speaking to …
24 Sri Lankan companies honoured at 25th SAFA
A total of 24 Sri Lankan companies were honoured for their excellent annual reporting and for also promoting transparency, accountability, and …
Opinion: Sri Lanka needs GSP+ now more than ever
By Felix Fernando Much has been said of the potential economic costs to Sri Lanka, of losing the Generalised Scheme of Preferences (GSP) Plus trade …
Fitch downgrades Abans Finance to ‘A-(lka)’; Outlook evolving
Fitch Ratings has downgraded Abans Finance PLC's National Long-Term Rating to 'A-(lka)' from 'A(lka)'. The Outlook is evolving, a statement said. The …
Central Bank launches National Remittance Mobile App
The Central Bank initiated a National Remittance Mobile Application branded as “Lanka Remit” providing Sri Lankans working abroad direct access …
Aitken Spence Travels facilitates first Charter Flight from Uzbekistan
Aitken Spence Travels, the leading DMC in Sri Lanka together with their Uzbekistan agent Asia Luxe welcomed the country’s first charter …
Opposition SJB opposes imposing 25-pct tax on EPF funds, says Eran
The Opposition is totally opposed to levying a 25% tax on the EPF Fund, said Parliamentarian Eran Wickramaratne at a press conference held at the …
“Opposition calls on Govt for urgent dialogue with them,” MP Harsha
Opposition parliamentarians have urged President Gotabaya Rajapaksa to initiate a dialogue with them to better understand the current economic issues …
“Growing sense of insecurity among people despite years of development growth,” UN report
Global development progress does not automatically lead to a greater sense of security, according to a new United Nations Development Programme …
European Union urges Sri Lanka to continue reducing use of PTA
The European Union (EU) has urged Sri Lanka to continue reducing the use of the Prevention of Terrorism Act (PTA) and to undertake further practical …
Sri Lanka will settle USD 1bn ISB maturing in July; no debt restructuring needed, says CBSL
The Government and the CBSL have already taken necessary measures to secure alternative forex inflows via a number of bilateral and multilateral …
Mitigating COVID impacts on child development outcomes in SL: World Bank
By Chiyo Kanda , World Bank Country Manager for Maldives and Sri Lanka COVID-19 has resulted in the worst health, social and economic crisis of our …
Youth Migration: Challenges and Opportunities for Sri Lanka
By Thisuri Ekanayake A great deal of discussion is underway on what appears to be the latest wave of migration from Sri Lanka. These conversations …
SL aims to establish FTAs with most Southeast Asian countries, Min Balasuriya
Significant strides in establishing Free Trade Agreements with Bangladesh and the Maldives, together with existing FTAs will pave the way to initiate …
Sri Lanka official reserves down to USD 2.36bn in January; Gold reserves down further
Sri Lanka’s official reserve assets were 2.4 billion US dollars (USD 2,361mn) by the end of January, down from 3.1 billion US dollars in December …
President instructs officials to implement new mechanism to expedite release of essential commodities
President Gotabaya Rajapaksa instructed the officials to take steps to immediately release the containers containing essential items at the custody …