David Cameron kicks off Port City Colombo’s global investment drive
Representatives of top corporations in the UAE, accompanied by high-potential investors, property developers, hotel owners, and leaders in the hospitality and …
Economy & Markets
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SL economy to grow by 1.7-pct:Revenue mobilization fundamental for sustainable fiscal path
Sri Lanka’s economy is expected to grow by 1.7% in 2024 after contracting by 3.8% in 2023, says the World Bank in its twice-a-year update, while signaling …
Sri Lanka slips in economic freedom: Report
Lanka—Sri Lanka ranks 116 out of 165 jurisdictions included in the Economic Freedom of the World: 2023 Annual Report, released by Advocata Institute in …
Fitch Upgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘CCC-‘ from Restricted Default
Fitch Ratings has upgraded Sri Lanka's Long- Term Local-Currency Issuer Default Rating (IDR) to 'CCC-' from 'RD' (Restricted Default). Fitch typically does not …
CCPI-based headline inflation decreased to 1.3-pct in September 2023
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decreased to 1.3% in September 2023 …
We will continue discussions with the goal of reaching a staff-level agreement in the near term: IMF Staff Mission
The team will continue its discussions in the context of the First Review with the goal of reaching a staff-level agreement in the near term, says the …
Sri Lanka local currency ratings raised to ‘CCC+/C’ from ‘SD/SD’; Outlook stable
S&P Global Ratings today raised its long- and short-term local currency sovereign credit ratings on Sri Lanka to 'CCC+/C' from 'SD/SD' (selective default). …
Sinopec pledges to fuel Sri Lanka as it commences operations
Sinopec announced its official entry into Sri Lanka's dynamic fuel retail market at the felicitation event for local distributors held on the 25 th of …
Sri Lanka’s merchandise exports surpassed USD 1 billion mark in August
Sri Lanka’s merchandise exports increased by 6.98 % to US$ 1,091.6 Million in August 2023 compared to July 2023 as per the provisional data released by the …
Import restrictions, except for vehicles to be lifted by next month: Minister
Finance State Minister Shehan Semasinghe says that import restrictions on goods, except for vehicles, will be lifted by next month with the goal of stabilizing …
Newly established Governing Board of Central Bank convenes
The newly established Governing Board of the Central Bank of Sri Lanka, constituted under the provisions of the recently promulgated Central Bank Act No. 16 of …
United States to Increase Development Investment in Sri Lanka by USD 19.2 mn Through USAID
The United States today announced the commitment of more than US $19 million in additional funds to further the development of Sri Lanka, in a ceremony at the …
SEC Chairman meets Stockbroker Owners and CEOs
The SEC Chairman, Faizal Salieh, along with top officials from the SEC and the CSE, recently held a productive engagement with the stockbroker community …
IIRM Lanka Insurance Brokers Pvt Ltd achieves remarkable market share growth locally
IIRM Lanka Insurance Brokers Private Limited proudly announces its outstanding achievement in the Sri Lankan insurance market, securing an impressive market …
Fitch Downgrades Sri Lanka’s Long-Term Local- Currency IDR to Restricted Default from ‘C’
Fitch Ratings has downgraded Sri Lanka's Long-Term Local-Currency (LTLFC) Issuer Default Rating (IDR) to 'RD' (Restricted Default) from 'C'. The ratings on its …
EPF accepts Debt Exchange offer after considering two options under DDO programme
The Monetary Board of the CBSL as the custodian of the EPF, having considered the two options available has decided to opt for the Debt Exchange offer with a …
SEC approves new Listing Board and Rules for SOEs
Capital market regulator, the Securities and Exchange Commission of Sri Lanka (SEC), has approved the creation of a separate Listing Board and Listing Rules at …
Opinion: From education to employment, Understanding the gender gap in the workforce
Thathsarani Siriwardana The issue of female labor force participation in Sri Lanka has remained a subject of discussion for several decades, yet tangible …
Ceylon Chamber welcomes SVAT repeal deferment
The Ceylon Chamber of Commerce (CCC) expresses its appreciation to the Government and to the President in particular for the decision taken to postpone repeal …
CSE to introduce Regulated Short Selling through Stock Borrowing & Lending to enhance trading opportunities
The Colombo Stock Exchange (CSE) is pleased to announce the introduction of two significant initiatives shortly, Regulated Short Selling (RSS) through Stock …