Kapruka shares begin trading tomorrow
Shares of Kapruka Holdings Limited will commence trading on the Main Board of the Colombo Stock Exchange under the symbol, “KPHL”, tomorrow, …
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Kotmale becomes first dairy company to complete a carbon footprint verification
Kotmale Dairy Products and Cargills Quality Dairies, subsidiaries of Cargills, have become the first dairy companies in Sri Lanka to complete a …
Internship opportunities for SLIM undergraduates within SLASSCOM
The Sri Lanka Institute of Marketing (SLIM) recently signed a Memorandum of Understanding (MoU) with the Sri Lanka Association for Software Services …
ComBank’s automated machine network dispensed Rs 91.8Bn in Dec & Rs 848.4Bn in 2021
The automated cash dispensing network of the Commercial Bank of Ceylon which comprises of ATMs and Cash Recycler Machines (CRMs) dispensed a mammoth …
Opinion: Government heavy-handedness to blame for our currency woes
By Vinuja Singharachchige: Much is being said nowadays about the pressures the Sri Lankan Rupee is facing, but it is important that we understand the …
Sri Lanka’s Finance Minister introduces relief package
Finance Minister Basil Rajapaksa on Monday announced a relief package for different sectors in Sri Lanka. Complete Cabinet Decision: 2022 Economy and …
Prime Minister Mahinda Rajapaksa is not stepping down: PM Media Division
Prime Minister's Media Division says that there is no truth in the rumors circulating in the mainstream media and social media for several days and …
Eco Spindles aims to increase plastic recycling by 10-pct
Eco Spindles, Sri Lanka’s largest plastics recycler equipped with one of only two plants in the world capable of creating polyester yarn directly …
Opinion: ‘Sri Lankan State-Owned Enterprises: A Major Crisis in the Making’
written by Migara Rodrigo Sri Lanka has a whopping 527 state-owned enterprises[1] (SOEs). The 55 SOEs classified as “strategically important” …
Double digit growth in taxi hailing industry but single digit increase in new driver partners joining
With fuel prices at the pump increasing and commodities set to take another bump, PickMe says it is vital not to take our eyes off the ball. …
ComBank remittance promo to make 4 millionaires in first 4 months of 2022
The Commercial Bank of Ceylon has announced that it is starting 2022 on a rewarding note with the launch of ‘Win a Million’ – a remittance …
Central Bank revises maximum interest rates on foreign currency deposits
The Monetary Board has issued an order on maximum interest rates to be paid in respect of foreign currency deposit products of licensed commercial …
ADB agrees to reimburse USD 85mn spent for Sinopharm vaccines in Sri Lanka: State Minister
Asian Development Bank has agreed to provide USD 85 million to reimburse the costs of Sinopharm vaccines, State Minister of Production, Supply, and …
Galle Face Icon partners with Sampath Bank as exclusive project funding partner
Galle Face Properties Ltd, a subsidiary of conglomerate Renuka Holdings, recently partnered with Sampath Bank as the exclusive project funding …
Sri Lanka’s official reserves position has reached around USD 3.1bn: Central Bank
Sri Lanka's Central Bank says that with the receipt of recent inflows, the official reserves position has now reached around US dollars 3.1 billion, …
Sri Lanka is swept away by an economic tsunami as a result of mismanagement by a family: Eran
Sri Lanka is the only country in the world amidst the Covid pandemic that has faced unprecedented price increases, gas and fuel shortages, and a …
SEC wants to finalize implementation mechanism for Central Counterparty in 2022
The new Securities and Exchange Commission of Sri Lanka (SEC) Act which came into force on 19th September 2021 contains provisions that enable the …
Temporary closure of identified Sri Lanka missions overseas to conserve foreign reserves
The Foreign Ministry has taken a decision to temporarily close three of its Missions / Posts overseas, i.e., the Sri Lanka High Commission in Abuja, …
Sri Lanka’s Central Bank amends annual license fee of banks
The Monetary Board requests every licensed commercial bank and licensed specialised bank to pay the licence fee in respect of the calendar year 2022 …
VIDEO INTERVIEW: What will the year 2022 look like for Sri Lanka? W A Wijewardena
"Sri Lanka will have a very gloomy future in 2022. If the government is interested in avoiding it, it has to immediately change the present economic …
Fitch downgrades Bank of Ceylon to ‘CC’ on sovereign downgrade; affirms Local-Currency IDR
Fitch Ratings has downgraded Bank of Ceylon's (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'CC', from 'CCC'. The rating does not …
CSE to extend trading hours; revise index calculation methodology of ASPI
The Colombo Stock Exchange (CSE) is revising the index calculation methodology of the All Share Price Index (ASPI) from full market …
Central Bank requests banks to suspend parate execution & forced repossession of leased assets
Sri Lanka's Central Bank with a view to meeting the challenges faced by businesses and individuals due to the ongoing COVID-19 pandemic, requests …
Sri Lanka expects USD 2bn SWAP facilities from Middle Eastern & other regional central banks
The Central Bank says that the measures being taken at present will ensure that by end of 2021 official reserves will remain above US dollars 3 …