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Link Natural Products, a pioneer in herbal health care industry, is proud to announce that its flagship herbal drink, Swastha...
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The National Environmental Caucus, led by Ven. Pahiyangala Ananda Sagara Thero, recently handed over a report to the Chairman of...
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The government targets to complete 162 large-scale development projects within 2026 which are scheduled to initiate this year. The Cabinetnet...
1 min read
The Colombo bourse extended the bearish momentum for the second consecutive day with the All Share Price Index (ASPI) closing...
3 min read
In a move to spur sustainable investments in Sri Lanka, the private sector funding arm of the World Bank, the...
3 min read
Concluding a two-day visit, IFC’s Vice President for Asia Pacific, Riccardo Puliti, signaled IFC's commitment to supporting Sri Lanka's ongoing...
1 min read
The Ceylon Chamber recognizes the Digital Economy as a key enabler for Sri Lanka’s economic growth acceleration. The National Digital...
2 min read
Under Secretary for Trade and Foreign Agricultural Affairs at the U.S. Department of Agriculture (USDA), Alexis Taylor, together with U.S....
3 min read
Ransomware actors have had a rough start this year, as stats from cybersecurity firm Coveware show companies are increasingly refusing...
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From April 22-26 in Trincomalee, the United States Navy, U.S. Marine Corps, and Sri Lanka Navy will partner for the Cooperation...
1 min read
(Reuters) - The International Monetary Fund (IMF) stands ready to support Sri Lanka's discussions with international bondholders and will provide...
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McLarens Lubricants, in collaboration with Mobil as the Official Lubricant Partner, is set to reignite the tracks at Fox Hill...
1 min read
The Total transaction value in the Digital Payments market is projected to reach US$9.98bn this year, according to Statistica. Total...
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Gold prices rose to another record high after Federal Reserve Chair Jerome Powell signaled policymakers would wait for clearer signs...
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Nissan to strengthen product portfolio, advance electrification, introduce new ways of developing and manufacturing, and harness partnerships to achieve Ambition...
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The IMF team reached staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program...
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The Ceylon Chamber of Commerce is deeply concerned about the decision by the Cabinet of Ministers totemporarily suspend the parade...
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(Reuters) - Sri Lanka's key inflation rate fell to 5.9% in February from 6.4% in January, the statistics department said...
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Top Cyber-Physical Systems Security Firm,TXOne Expands Presence in Sri Lanka Through Netpoleon Group
TXOne Networks, a leader in Cyber-Physical Systems (CPS) security, recently announced a regional distribution partnership with Netpoleon Group, a Singapore-based value-added distributor...
1 min read
President Ranil Wickremesinghe has decided to establish a special commission to expedite the development of Galle. He made these remarks...
2 min read
A recent media report in Sri Lanka claimed its Central Bank plans to introduce a central bank digital currency (CBDC) this year....
2 min read
The Committee on Public Accounts (COPA) revealed that more than 14000 farms in Sri Lanka have been closed and this...
1 min read
Colombo Bourse ended in the green for consecutive days for the first time in over 2 weeks and thus concluded...
The government has already explored the offshore wind power potential in the country especially in the North and East, expediting...
3 min read
The United States Agency for International Development (USAID), in collaboration with the Public Utilities Commission of Sri Lanka (PUCSL), launched...
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The targets laid out in Sri Lanka’s budget for 2024 will be challenging to meet, even with the economic recovery...
1 min read
Corporate earnings have reported consecutive YoY degrowth, in this June quarter with macroeconomic challenges pushing earnings to a 3-year low...
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The plastics and rubber products market expected to grow to $1899.33 billion in 2027 at a CAGR of 6.7% with...
2 min read
During his presence at the annual festival of the National Shrine of Our Lady of Madhu in Mannar yesterday (15th),...
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The Lanka Coffee Association (LCA), Sri Lanka’s only national coffee association in promoting andadvancing the coffee sector in Sri Lanka...
2 min read
Threadworks, a leading innovator in baby products, is thrilled to announce the successful launch of its ground-breaking product line –...
2 min read
It was decided in the Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis to set up expert...
1 min read
Sri Lankan insurers will most likely see fewer risks in investment and liquidity post-debt restructuring plans of the Sri Lankan...
2 min read
(Reuters) - Sri Lanka's inflation rate, which dropped to single digits for the first time in months in July, may...
3 min read
It was disclosed at the Sectoral Oversight Committee on Environment, Natural Resources & Sustainable Development that there is a tendency...
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The Committee on Public Finance (COPF) chaired by Dr. Harsha de Silva expressed displeasure over the absence of the officials...
1 min read
The Central Bank has released a pamphlet on ‘Monetary Policy Implementation in Sri Lanka’ in all three languages, with the...
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The Sri Lanka High Commissioner in Kenya, Veluppillai Kananathan, who is also concurrently accredited to the Republic of Benin, presented...
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(Reuters)- The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for...
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The Consumer Affiars Authority (CAA) is in the process of introudcing maximum retail prices (MRP) for tiles, cement, and bathroom...
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By Imesha Dissanayake The common path followed by almost all IMF member countries in response to sovereign debtcrises in recent...
1 min read
The Colombo Stock Exchange (CSE) rallied with a massive gain fueling bullish optimism for the fifth consecutive day, surpassing and...
1 min read
(Reuters)The Asian Development Bank (ADB) on Monday approved a $350 million special policy-based loan to provide budget support to Sri...
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By Cristen Hemingway Jaynes A new report from the International Energy Agency (IEA) says that investment in clean energy is “significantly outpacing” fossil fuel spending and...
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Lanka Coffee Association, in partnership with Australia’s Market Development Facility (MDF)and Jetwing Hotels successfully hosted the second annual Sri Lankan...
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(Mongabay) - The month of April is typically the warmest in Sri Lanka as the sun is positioned directly over...
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In early May 2023, Nestlé Lanka announced that it would be delisting from the Colombo Stock Exchange (CSE), subject to...
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Sri Lanka's apparel exports hit a fresh low as April performance fell sharply by 24 percent Year-on-Year when compared to...
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The Sri Lanka Atomic Energy Board stated in the Sectoral Oversight Committee on Energy and Transport that if all activities...
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The Food and Agriculture Organization of the United Nations (FAO) initiated a 1.5 million USD project via funding from China...
1 min read
The roadmap for the establishment of the National Policy Commission was discussed at the National Council Sub-Committee on Identifying Priorities...
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The Shanghai Corporation Organization’s (SCO) Trade and Economic Multi-Functional Platform pledged trade and economic assistance to Sri Lanka through the...
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Apparel is Sri Lanka's largest industrial export and earned $5.95 billion in 2022, helping the country as it weathered its...
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Minister of Labor and Foreign Employment Manusha Nanayakkara announced that steps will be taken to prepare the new integrated labor...
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Economists sharply cut Sri Lanka’s growth outlook for the rest of the year as curbs on imports and still-limited reserves...
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U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring...
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Sri Lanka’s economy—grappling with a debt and balance of payments crisis—to project to be only economy in Developing Asia to...
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By Aditya Gowdara Shivamurthy On 20 March 2023, the Executive Board of the International Monetary Fund (IMF) approved a four-year...
1 min read
Tourism and Lands Minister Hon. Harin Fernando announced that the gazette declaring 16 tourism zones identified in Sri Lanka is...
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Colombo Bourse ended the day in the red zone at 9,233 losing 52 points as mixed sentiment was observed in...
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The global energy transition is off-track, aggravated by the effects of global crises. Introduced by IRENA’s Director-General Francesco La Camera...
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After continuous selling in the previous sessions, the bourse closed in green gaining 23 points with revitalized interest on banking...
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The Ceylon Chamber of Commerce )CCC) congratulated the Government on securing the Extended FundFacility (EFF) with the IMF. "We appreciate...
1 min read
The All Share Price Index (ASPI) of the Colombo Stock Exchange reached an intraday high of 9,758 and closed the...
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Ambassador Julie Chung announced today the recent arrival of 770 metric tons (MT) of fortified rice and 100 MT of...
1 min read
The ongoing information survey and verification process for the verification of 1.1 million welfare benefit applications has been completed, according...
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Sri Lankan workers’ foreign remittance inflows rose by 98.8% year-on-year to US$ 407.4 million in February 2023 from US$ 204.9...
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Thirteen of the leading companies listed on the Colombo Stock Exchange (CSE) have pledged their support to increase women’s representation at...
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The price of gold in Sri Lanka has reduced sharply to Rs. 20480 for every gram due to the Sri...
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Representatives from the World Bank assured that the World Bank will continue to support Sri Lanka’s development reforms program. They...
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First Capital Research predicted a 50% possibility of the Monetary Board of the Central Bank of Sri Lanka (CBSL) maintaining...
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President Ranil Wickremesinghe stressed that the current tax policy in Sri Lanka is not a normal tax policy, but rather...
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The first group of Sri Lankan public sector accounting and auditing professionals participated in Sri Lanka Public Sector Accounting Standards...
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Having recognized the need to institutionalize financial consumer protection in the delivery ofservices by financial institutions regulated by the Central...
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An initial shipment of 600 metric tons of fortified rice funded by the U.S. Agency for International Development (USAID) arrived...
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(Reuters) - Sri Lanka's economy is expected to grow again from the end of this year and the government hopes...
1 min read
Import expenditure on fertilizer increased significantly by 213.8 percent ($ 115.8 million) in December 2022 due to higher import volumes...
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The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) continued to thrive in the green for the...
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The Ceylon Chamber of Commerce (CCC) recently launched the 8th edition of its flagship annual OutlookReport for 2023 at the...
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International Monetary Fund (IMF) Executive Director Dr. Krishnamurthy Subramanian, who called on Prime Minister Dinesh Gunawardena at the Prime Minister’s...
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Members of the Public Utilities Commission (PUCSL) stated before the National Council that they unanimously agreed to send documents to...
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(Reuters) - The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it...
1 min read
(Reuters) - The number of children grappling with various forms of undernutrition in Sri Lanka increased for the first time...
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(Reuters) - India has told the International Monetary Fund (IMF) it will support Sri Lanka's debt restructuring plan, a source...
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The Committee on Public Finance chaired by Dr. Harsha De Silva unanimously expressed its displeasure over the operations of the...
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The United States Agency for International Development (USAID) coordinates with Keells Supermarkets and Hatton National Bank (HNB) on an innovative...
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United Nations World Food Programme (WFP) has approved $74.87 million worth of assistance to economic crisis-hit Sri Lanka’s Country Strategic...
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The Monetary Board of the Central Bank of Sri Lanka (CBSL) has decided to permanently revoke permit No. DFE/RD/0058 issued...
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On November 30, Brandix Essentials, an apparel manufacturing company in the Koggala Free Trade Zone (KFTZ), locked out about 1,500...
2 min read
Sinopec, one of the largest oil and gas enterprises with over 27,000 service stations in China, entered into an agreement...
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The presence of SOEs in strategic sectors of Sri Lanka is proof of the significant value creation it cangenerate through...
3 min read
IFC has appointed Alejandro Alvarez de la Campa as the new Country Manager for Sri Lanka and Maldives. Based in...
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The private sector’s role in driving growth in an economic reset of Sri Lanka will be under thespotlight at the...
6 min read
On November 17th, the parliament of Sri Lanka passed long-awaited amendments to the Children and Young Persons Ordinance (CYPO). This...
1 min read
First Capital Research (FCR) sees a high probability of the Central Bank of Sri Lanka (CBSL) maintaining policy rates at...
2 min read
The Governor of the Central Bank of Sri Lanka (CBSL)Dr. P. Nandalal Weerasinghe stated in Parliament that customers who have...
2 min read
Sri Lanka’s infrastructure facilities, human resources, and other required facilities are in place and now what is needed to attract...
8 min read
By Imesha Dissanayake The COVID-19 pandemic and the subsequent economic crisis revealed vulnerabilities in the SriLankan economy and weakened its...
1 min read
While rigorously monitoring the liquidity risk profiles of the banks, the Central Bank of Sri Lanka (CBSL) announced that it...
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(Reuters) - Sri Lanka’s tea industry could earn $1.4 billion this year despite the lowest production in decades and fertilizer...
1 min read
The Committee on Public Finance was of the view that Regulations published in the Extra Ordinary gazette Notification 2296/30, Under...
1 min read
The Ceylon Chamber of Commerce welcomed the passing of the 21st amendment withan overwhelming majority in Parliament last week. While...
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The Committee on Public Accounts (COPA) recently directed its attention to the failure in maintaining a special rice reserve of...
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Sri Lanka's merchandise imports rebounded to $1.40 billion in August from historic lows of $1.289 and $.23 billion recorded in...
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The promotion of business cooperation between the Nordics and Sri Lanka remains animportant and relevant priority, Ambassador of Norway to...
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By P. K. Balachandran Lanka is silent on Wang Yi’s assertion that the two countries will re-redstart negotiations which begun in...
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The American Center in Colombo has relocated to the new U.S. Embassy building and opened its doors to program participants once...
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The need for Sri Lanka to focus more strongly on developing and liberalizing international tradein order to embark on a...
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Reuters) - India said on Tuesday it had begun talks with Sri Lanka on restructuring its debt and promised to...
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Building on the USAID Administrator Samantha Powers’s recent visit, US Ambassador to Sri Lanka Julie Chung announced today that the...
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(AP) — A visiting U.S. diplomat on Sunday urged Sri Lankan authorities to tackle corruption and introduce governance reforms alongside...
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The High Commission of Sri Lanka in Bangladesh in collaboration with the Sri Lanka Convention Bureau (SLCB) and SriLankan Airlines...
1 min read
The nomination submitted by the Minister of Finance to the Parliamentary Council for membership of the Welfare Benefits Board has...
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Activists gathered in Makati City today to express solidarity with the people of debt-burdened Sri Lanka as they continue to...
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Sri Lanka's President Ranil Wickramasinghe recently announced that the government targets 2.5 million tourists by end of 2023. "In order...
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Today, the United States, through the U.S. Department of Agriculture (USDA) and in partnership with Save the Children, received 320...
1 min read
Amidst the foreign exchange crisis, The government has taken steps to suspend the importation of over 300 non-essential including personal-care...
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Sri Lanka's 2023 budget would aim to reduce the fiscal deficit to 6.8 per cent in 2023 from the projected 9.9 per...
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Incorporated on the 30th of September in 1992 as a public company fully owned by the governmentof Sri Lanka, Kalubowitiyana...
1 min read
With the view to encouraging service exporters to repatriate their export proceeds into the country, the Central Bank of Sri...
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Colombo Bourse traded positively throughout the session hoisting the daily turnover to a nearly 6 ½-month high while proving beyond...
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U.S. Secretary of State, Antony Blinken described the recent turmoil in Sri Lanka as an "opportunity" when he met Ali...
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The Ceylon Chamber of Commerce welcomes the call by President Ranil Wickremesinghe to initiate the formation of an All-Party Government,...
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The Best Corporate Citizen Sustainability Awards 2022 organised by the Ceylon Chamber of Commercewill this year introduce a new award...
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“Sri Lanka’s economic collapse needs immediate global attention, not just from humanitarian agencies, but from international financial institutions, private lenders,...
2 min read
Supporting the Small and Medium Enterprise sector and fostering constructive dialogue amongst the public, private and non-governmental stakeholders on navigating...
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The Chairman of the Ceylon Chamber of Commerce, Vish Govindasamy behalf of the Chamber congratulated the new President of Sri...
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By Praveen Swami Eleven hundred feet over the Colombo skyline, the giant, hot-pink lotus thrusts out of its green metal...
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Joint Chambers welcome the announcements made by the President that he will resign on the13th of July respecting the wishes...
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More than two in three families in Sri Lanka do not have enough to eat, according to a survey by...
1 min read
The Central Bank of Sri Lanka (CBSL) on Friday printed as per a request from the Treasury to secure urgent...
3 min read
DFCC Bank, the Bank for Everyone, through its SustainabilityStrategy, seeks to create a resilient world for everyone. Developed in 2020,...
1 min read
Sri Lanka has the highest probability of 85 percent among Asian economies to fall into recession next year, according to...
1 min read
The Central Bank of Sri Lanka (CBSL) expects inflation to peak to around 75 percent in the fourth quarter of...
2 min read
n an effort to fight inflation due to the ongoing economic crisis, the Monetary Board of the Central Bank of...
1 min read
As Sri Lanka increasingly focuses on developing its export sector in order to address theeconomic crisis, the Ceylon Chamber of...
1 min read
(BBC)- The UK government is advising against all but essential travel to Sri Lanka as a severe economic crisis has...
2 min read
By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions...
1 min read
The Committee on Public Accounts (COPA) instructed the officials of the Ministry of Power and Energy to prepare a detailed...
2 min read
(ANI): Sri Lanka has decided to limit fuel for private vehicles as the fuel shortage continues to worsen in the...
1 min read
(Reuters) - Sri Lanka's president on Friday appointed tycoon Dhammika Perera as minister for investment promotion, his office said in...
6 min read
(WSWS)- The Sri Lankan government, with active union support, has begun unleashing a new round of International Monetary Fund (IMF)...
2 min read
More than 30 institutional holders of the 11 outstanding series of international bonds issued by the Democratic Socialist Republic of Sri...
3 min read
To tackle the escalating issue of Sri Lanka’s plastic waste management, the Ceylon Chamber ofCommerce has initiated the implementation of...
1 min read
Ishara Nanayakkara-led LOLC Holdings acquired a 9.99% stake in DFCC Bank PLC through the Bank's recently concluded rights issue. "In...
2 min read
The United States announced today that it will provide $6 million in emergency assistance as a part of a much...
2 min read
The U.S. Government, through its development agency, the U.S. Agency for International Development (USAID), is partnering with the Institute of...
1 min read
The Speaker of the Parliament, Mahinda Yapa Abeywardena yesterday endorsed the certificate on the Sri Lanka Electricity (Amendment) Bill to...
2 min read
The Embassy of the United States of America announced today that the U.S. International Development Finance Corporation (DFC) Board of...
2 min read
The debilitating crisis in Sri Lanka has left nearly half of the children in the country in need of some...
3 min read
The proposed introduction of a minimum tax of 15% on the foreign profits of the largest multinational enterprises (MNEs) has...
3 min read
It is unreasonable to claim that the country lost nearly Rs. 500 billion due to the change in tax policies...
2 min read
Compounding the damage from the COVID-19 pandemic, the Russian invasion of Ukraine has magnified the slowdown in the global economy,...
1 min read
Sri Lanka's Prime Minister informed the Parliament yesterday that the country's economy is set to contract by 6.5 percent due...
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The UN food agency would be drafting a food crisis response plan for Sri Lanka amidst threats of a food...
3 min read
The new revenue proposals plan to raise Rs. 295 billion per annum, constituting about 20% incremental revenue assuming last year’s...
4 min read
The Chairman of the COPE, Prof. Charitha Herath, resolved the drug shortage in the country as soon as possible using...
4 min read
By Usha Perera Sri Lanka’s education sector, still reeling from the effects of the COVID-19 pandemic, now faces acute challenges...
1 min read
The economic crisis leading to Aviation fuel (ATF) shortage and soaring prices in Sri Lanka is prompting SriLankan Airlines to...
2 min read
Sri Lanka is receiving Russian crude oil that it will use to make fuel as the bankrupt nation faces crippling...
1 min read
The Parliamentary Council decided to concur with the recommendation to appoint Anthony Nihal Fonseka as a member of the Monetary...
3 min read
Sri Lanka is looking to fast-track talks with the International Monetary Fund and agree on a loan by mid-June so...
3 min read
A groundbreaking initiative launched today at the World Economic Forum Annual Meeting in Davos 2022 aims to greatly reduce the...
2 min read
The Management of Sri Lanka Ports Authority (SLPA), the terminals Colombo International ContainerTerminals Ltd (CICT), South Asia Gateway Terminals (Pvt)...
The Chairman of the Colombo Stock Exchange (CSE) Dumith Fernando who has served in this role since July 01, 2020,...
1 min read
Sri Lanka’s Key Legislative Committee summons CBSL Governor, Treasury Secretary, and other officials
The Committee on Public Finance (COPF), chaired by Anura Priyadarshana Yapa, Member of Parliament, yesterday (19) decided to summon the...
1 min read
The Group of Seven economic powers support efforts to provide debt relief for Sri Lanka, G7 finance chiefs said on...
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(BBC) : Sri Lanka has defaulted on its debt for the first time in its history as the country struggles...
3 min read
(AP) - Sri Lanka's new prime minister on Monday proposed privatizing the country's loss-making national airline as part of reforms...
3 min read
The five-time former Sri Lankan Prime Minister Ranil Wickremesinghe took his oath before President Gotabaya Rajapaksa in a ceremony at...
3 min read
United Kingdom (UK)-based award-winning specialists in boutique holidays , Asia specialist Experience Travel Group has amended its Sri Lanka program to avoid...
7 min read
By Roshini Kapur Sri Lanka is once again at the forefront of breaking news. The country is experiencing its worst economic crisis...
1 min read
Alarmed by the violent attacks on protestors outside Temple Trees and at Galle Face, Sri Lanka's Premier Business Chamber, Ceylon...
2 min read
ICRA Lanka expects the current challenging operating environment to exert pressure on the asset quality levels of Sri Lanka's banking...
5 min read
(AP) — When the Federal Reserve raises interest rates — as it did Wednesday — the impact doesn’t stop with U.S. homebuyers paying...
2 min read
Sri Lanka's state-owned petroleum corporation on Thursday re-introduced fuel rationing for vehicles, as the worst economic crisis in decades roils...
1 min read
Sri Lanka will seek additional loans of $300 million to $700 million from the World Bank, the island’s finance minister...
1 min read
Sri Lanka’s inflation as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2013=100) has increased...
2 min read
Embassy of Sri Lanka in Beijing in collaboration with the China Sri Lanka Association for Trade and Economic Cooperation (CSLATE)...
1 min read
In one of the first, the Central Bank of Sri Lanka (CBSL) published the weighted average yields (WAY) of the...
2 min read
While external debt restructuring remains a top priority for the Sri Lankan government, domestic debt inthe form of Government securities...
7 min read
by Asanga Abeyagoonasekera There have been multiple debt trap myth-busting articles; the Chinese embassy in Sri Lanka endorsed some. The article by...
1 min read
Several banking trade unions including the Ceylon Bank Employees’ Union are on strike today. (28) The strike action is to...
4 min read
The war in Ukraine has dealt a major shock to commodity markets, altering global patterns of trade, production, and consumption...
3 min read
COPE Chairman Prof. Charitha Herath stressed that state institutions should be prepared to send a significant portion of their earnings...
1 min read
The Sri Lankan stock market shut early for a second straight day after a steep fall led by its biggest...
2 min read
The Chairman of the Committee on Public Enterprises Prof. Charitha Herath on Monday recommended to Sri Lankan Airlines postpone the...
1 min read
Chinese Ambassador to Sri Lanka Qi Zhenhong said that China was concerned over Sri Lanka’s decision to default on its...
1 min read
Teachers’ and Principals’ unions are on an island wide token strike on Monday (25). This island wide strike is staged...
1 min read
Opportunities for Sri Lankan citizens in the Russian Labor market were discussed on April 13 at a meeting of the...
2 min read
Minister of Foreign Affairs, Professor G.L. Peiris met with the Ambassador of China, Qi Zhenhong, on 21 April, 2022 at...
1 min read
Sri Lanka has recorded a year-on-year inflation of 21.5% in the month of March according to Sri Lanka’s National Consumer...
1 min read
The World Bank on Tuesday expressed their support to Sri Lanka during a meeting with Finance Minister Ali Sabry in...
2 min read
The Committee on Public Accounts made recommendations to the officers of the Excise Department to expedite the preparation of the...
1 min read
The Sri Lanka rupee has further depreciated against the US Dollar, the Central bank of Sri Lanka (CBSL) said. The...
1 min read
Issuing a new direction, the Central Bank of Sri Lanka (CBSL) allowed the country's Finance Companies (NBFI)to set the ceiling...
4 min read
(Thomson Reuters Foundation) - It is hard to know how much Sri Lankan forest has been cut down as fuel...
3 min read
(Reuters) - Sri Lankan police fired live ammunition to scatter protesters on Tuesday, killing one person and injuring a dozen...
3 min read
(PTI) - India is working on a strategy to fill the supply gaps that have opened up in the global...
9 min read
By Imesha Dissanayake We often ask the question as to why Sri Lanka should decarbonise when our carbon emissions are...
1 min read
Ceylon Petroleum Corporation (CPC) has increased fuel prices effective from midnight April 18. 92 Octane Petrol : Increased by Rs....
1 min read
Lanka IOC has again increased the prices of petrol and diesel with effect from midnight yesterday. Accordingly, the price of...
2 min read
With the phaseout of moratoriums and other relief measures, World Bank (WB) expects a sizeable deterioration in the asset quality...
2 min read
(DW) -Sri Lanka will temporarily halt foreign debt payments, its central bank governor said on Tuesday, as the country's buckling economy was...
1 min read
In responding to the sharp 700 basis point increase in policy interest rates last week, Treasury Bill(T-Bill) yields at the...
1 min read
US Dollar rate continues to rise at local banks with the economic crisis Sri Lanka is currently facing. Several licensed...
1 min read
World-renowned tea producer Dilmah is looking to expand its business by 50 percent in the next five years, as it...
2 min read
A delegation from the U.S. Department of State visited Sri Lanka from April 3-8, 2022, to review U.S.-funded demining projects...
2 min read
Amana Bank crossed the Rs. 100 billion milestones in Customer Deposits as of Q1 2022 thereby becoming one of the...
1 min read
Sri Lanka Central Bank printed the highest reported amount of money on Wednesday, which is 119.08 billion rupees. Accordingly, the...
1 min read
A shipment worth 36,000 MT petrol and 40,000 MT diesel has been delivered to Sri Lanka within the last 24...
1 min read
Protracted political uncertainty in Sri Lanka is likely to hinder progress in obtaining external financingfrom key development partners or attracting...
2 min read
FCCISL is highly concerned about the mass unrest and certain violent activities that took place, last week.FCCISL is of the...
2 min read
With the need for a proactive approach becoming increasingly evident in the face of mounting socio-economic challenges, a dialogue on...
1 min read
The International Monetary Fund (IMF) issuing a statement has said that it continues to monitor the economic development of Sri...
2 min read
Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) President Md Jashim Uddin last week stressed the need for signing...
2 min read
(Reuters Breakingviews) - Sri Lanka’s collapse is front of mind for many. Protesters fed up with crippling shortages of essential food...
5 min read
We represent the product, services, and startup companies of the ICT ecosystem in Sri Lanka. This community is a free...
1 min read
Expressing serious concerns on the continuous deterioration in the fuel and electricity availability in the country, hampering daily operations of...
4 min read
By Wilmer Cutler Pickering Hale and Dorr LLP On March 18th, 2022, Sri Lanka enacted the Personal Data Protection Act, No....
2 min read
(Xinhua) -- Sri Lanka has offered greater use of the Colombo Port by Bangladesh for the country's export and import...
2 min read
Ceylon Electricity Board Engineers’ Union (CEBEU) announced that they are against the signing of two Memorandums of Understanding with Adani...
1 min read
Due to unavailability of fuel stocks, Ceypetco has requested the public not to queue up at filling stations for diesel...
2 min read
Bangladesh is looking into cash-strapped Sri Lanka's request for another swap of $250 million, but no decision has been made...
2 min read
India and Sri Lanka have signed an agreement on implementing hybrid power projects on three Sri Lankan islands off northern...
2 min read
(Reuters): India, China, and Bangladesh have stepped in to help Sri Lanka weather a foreign exchange shortage that has forced...
1 min read
During a meeting with President Gotabaya Rajapaksa, United States Ambassador to Sri Lanka and Maldives, Julie Chung has praised the government’s...
2 min read
The Committee on Public Corporations (COPE) revealed that 47 individuals had obtained Rs.68 million worth of loans from the State...
1 min read
Sri Lanka’s gold price continues to rise and the price of 24-carrot gold was listed as Rs. 185,000. The price...
3 min read
(Reuters): Sri Lanka has sought an additional credit line of $1 billion from India to import essentials amid its worst...
2 min read
The International Monetary Fund (IMF) cautioned the Central Bank of Sri Lanka (CBSL) that the debt overhang and the persistent...
1 min read
According to data from the Department of Immigration and Emigration, in 2022 alone, 161,394 passports have been issued up to...
1 min read
Lack of fuel has disrupted operations at several power plants in Sri Lanka leading to an extension of power cuts....
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Sri Lanka will hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the...
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(PTIA) : Sri Lanka's parliament on Tuesday approved amendments to the country’s controversial anti-terrorism law, which has been criticized internationally...
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The Chairman of the Ceylon Chamber of Commerce, Vish Govindasamy thanked the Government and the people of India for coming...
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Sri Lanka’s central bank said it has issued a 20 rupee coin commemorating the 150th anniversary of the Faculty of...
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Sri Lanka has sought a $1 billion loan and $1.5 billion credit line from China amidst the ongoing crisis after...
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Speaker of Parliament, Mahinda Yapa Abeywardena on Wednesday endorsed the certificate on the Intellectual Property (Amendment) Bill which was taken...
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London and Nigeria-based Cross-border B2B payments and foreign exchange platform Verto has included Sri Lankan Rupee (LKR) allowing its customers to make...
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The Federal Reserve raised interest rates by a quarter percentage point and signaled hikes at all six remaining meetings this...
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Despite unprecedented challenges faced due to the pandemic resulting in volatility and economic slowdown, DFCC Bank Group has recorded a...
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Sri Lanka's largest private sector bank, Commercial Bank of Ceylon is planning to set up a fund management subsidiary in...