Fitch Affirms SriLankan Airlines’ Government Guaranteed Bonds at ‘C’
Fitch Ratings has affirmed the rating on SriLankan Airlines Limited's (SLA) USD175 million government guaranteed 7% unsecured bonds due 25 June 2024 at 'C'. …
SEC Sri Lanka Approves Accredited Shariah Scholars for Islamic Capital Market Products Certification
The Securities and Exchange Commission of Sri Lanka (SEC) has approved a list of Accredited Shariah Scholars as “Supplementary Service Providers”. These …
Sampath Bank unveils its new “Vishwa” retail App
Sampath Bank, a leading innovator in Sri Lanka's banking industry, proudly unveiled its revolutionary mobile application, Sampath Vishwa Retail. This …
LankaPropertyWeb introduces AI-powered tool to its real estate marketing
LankaPropertyWeb (LPW), a real estate portal in Sri Lanka, proudly announces groundbreaking enhancements set to revolutionise the real estate marketing …
Second Sri Lanka – UK Strategic Dialogue held in Colombo
The Second Sri Lanka - UK Strategic Dialogue was held at the Ministry of Foreign Affairs on 07 May 2024. The Sri Lanka delegation at the meeting was led by …
TISL Challenges the Appointment of CIABOC Director General in Supreme Court
Transparency International Sri Lanka (TISL) has filed a Fundamental Rights Petition (SC FR 110/2024) in the Supreme Court, challenging the appointment of W. …
Fitch Affirms Sierra Cables at ‘A+(lka)’; Outlook Stable
Fitch Ratings has affirmed Sri Lankan cable manufacturer Sierra Cables PLC's National Long-Term Rating at 'A+(lka)'. The Outlook is Stable. The affirmation and …
CEAT Kelani says it is not the company fined by Customs Department
CEAT Kelani International Tyres (Pvt) Ltd. has assured customers, stakeholders and the general public that the Company has no dispute over Customs Duties with …
Fitch Assigns Siyapatha Finance’s Senior Debt Final ‘BBB+(lka)’
Fitch Ratings has assigned Siyapatha Finance PLC's (BBB+(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured debentures of up to LKR4 billion a …
CBSL invites general public to submit observations on draft amendments to Finance Leasing Act
The Central Bank is inviting the general public to submit observations on the draft amendments to the Finance Leasing Act. The public is invited to send their …
Cabinet Approval for USD18.50 Service Fee, User-Pay Model Imposes No Govt Costs: VFS Global
The government benefits from increased efficiencies and transparency in managing the complete process and improved resource utilisation through the launch of …
Colombo among first 9 destinations to join Emirates’ A350 network
Colombo will be among the first set of destinations to be served by Emirates’ A350 aircraft entering service in September 2024, the airline announced today. …
IFC Regional Vice President for Asia Pacific Signals Support for Sri Lanka’s Reforms During Official Visit
Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC's commitment to supporting Sri Lanka's ongoing reforms and …
Janashakthi Group appoints Minette Perera & Vishnu Balachandran to Board of Directors
Janashakthi Group (JXG) has appointed Minette Perera and Vishnu Balachandran as Independent, Non-Executive Directors to the Company’s Board of …
EQT to acquire WSO2; acquisition to enable accelerated investment in technology
WSO2, the leader in digital transformation technology, announced today that it has signed a definitive agreement to be acquired by EQT. "We are thrilled …
TISL Invites Public Comments on the Proposed Law on Recovery of Stolen Assets
Grand corruption has long plagued Sri Lanka, undermining the country’s economic development and eroding public trust in the government. Citizens have been …
Finance for Non-Finance Managers: Best-Seller on Amazon to be Ultimate Guide to Mastering Money Matters
Financial literacy is key to managing money effectively, but managers without a background in finance may find concepts such as budgeting, building and …
Fitch Assigns Asia Asset Finance’s Proposed Senior Debt ‘A+(EXP)(lka)’ Rating
Fitch Ratings has assigned Asia Asset Finance PLC's (A+(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured debentures of up to LKR2 billion an …
Sri Lanka exports earnings up almost 10-pct in Mar 2024
The deficit in the merchandise trade account narrowed to US dollars 369 million in March 2024 from US dollars 412 million recorded in March 2023, primarily due …
Sri Lanka inflation up 1.5-pct in April 2024
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 showed some uptick to record 1.5% in …