Ceylon Chamber wants Sri Lankans to take ownership of reform agenda

Sri Lanka’s premier business chamber, Ceylon Chamber of Commerce wants Sri Lankan citizens to take ownership of the reform agenda currently underway with the support of the International Monetary....

SL’s debt restructuring journey to go smoother with China affirming cooperation

Sri Lanka’s debt restructuring process is expected to progress more smoothly as China has affirmed its commitment to collaborating with other creditors to assist the island nation in navigating....

Adani secures US$ 3.5 bn loan from global banks to refinance its cement business

The cement arm of billionaire Gautam Adani said on Friday it had secured a US$ 3.5 billion loan from a clutch of international banks to refinance debt it had taken to buy ACC Ltd and Ambuja....

HNB partners with Bancstac for innovative e-commerce payment solutions

HNB PLC, Sri Lanka’s leading private sector bank, recently announced their strategic partnership with Bancstac, a payment technology company, to launch innovative payment capabilities and...

ComBank receives Global Finance Best Bank in Sri Lanka award for 21st time

Commercial Bank of Ceylon recently received the award for the Best Bank in Sri Lanka in 2023 from the US-based Global Finance magazine, at the 30th edition of the magazine’s annual awards....

People’s Bank declares open an Export Hub in Panadura

People’s Bank’s Kalutara Regional Export Hub was recently declared open at the Panadura branch by Chief Executive Officer/General Manager Clive Fonseka. The Export...

HNB Assurance bags Best of Sri Lanka award at world’s largest annual report competition

HNB Assurance PLC achieved a remarkable milestone by clinching the coveted Best of Sri Lanka award at the 37th Annual International ARC Awards, recognised as the world’s largest and most...

LB Finance achieves ISO/IEC 27001:2022 recertification

LB Finance PLC proudly announces its recent recertification as ISO/IEC 27001:2022, marking a historic milestone as the first financial institution in Sri Lanka to achieve this prestigious....

Hatch implements agri incubator to help start-ups innovate in sustainable agriculture

Hatch, in collaboration with GIZ Sri Lanka and the European Union (EU), recently implemented Green Innovation Lab – an agri incubator programme. This showcased....

Bodyline celebrates Sri Lankan athletes

Bodyline, the official clothing sponsor for the Sri Lanka Athletics, felicitated the national team that brought glory to the nation at the recent Asian Games 2023, held in Hangzhou, China. Bodyline...

Dialog Axiata becomes first telco in South Asia to adopt SASB and GSMA standards

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, reached a significant milestone in its commitment to sustainability and transparency by becoming the first telecommunications....

Sri Lanka-China FTA nears reality after decade of negotiations

Sri Lanka and China will finally ink the long-awaited Free Trade Agreement (FTA) that has been in the talks for nearly 10 years, paving the way for improved trade between the two nations. In a joint statement....

IMF wants strong budget, narrower deficit from Sri Lanka

REUTERS: The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka, as it seeks funding to bridge the gap between government revenue and expenditure, the International Monetary Fund (IMF) mission chief for the country said yesterday.

Govt. confident in receiving next US $ 330mn IMF tranche

Finance State Minister Shehan Semasinghe yesterday said Sri Lanka is poised to receive the second tranche of US $ 330 million, subsequent to the approval of the first review of the Extended Fund Facility (EFF) by the International Monetary Fund (IMF) Executive Board.

SLGJA stresses on industry collaboration and resurgent export economy through sustainability

The Sri Lanka Gem and Jewellery Association (SLGJA), at its 21st Annual General Meeting (AGM), stressed on industry collaboration and resurgent export economy through sustainability to uplift the sector.

Offering at Colombo Tea Auction remains grim

The total offering at the Colombo Tea Auction was similar to last and totalled 4.6 million kilogrammes, which was met with less demand. The prices were firm to easier, particularly as the sale progressed.

Techno 2023 showcases spectrum of solutions under one platform

Techno 2023, the biggest showcase in Sri Lanka related to engineering and technology, yesterday brought together the complete spectrum of solutions that powers the world.

Chinese institutions express interest in extending support for proposed International University on Climate Change

Several prominent Chinese institutions have shown keen interest in extending academic and technical support for the envisioned International University on Climate Change in Sri Lanka, the Presidents’ Media Division said.

UK govt. borrows less than expected in September

BBC: Government borrowing in September was lower than most economists had expected but remains high, figures show.

SL voices serious reservations regarding bondholders’ macro-linked bond proposal

The Finance Ministry this week said it does not find the statement made by the Ad Hoc Group of Bondholders last week acceptable, which proposed the provision of upfront debt relief, including the issuance of macro-linked bonds (MLBs).

Sri Lanka aims to fill IT workforce gap by equipping high school graduates

Annually, there are 20,000 IT job openings, with Sri Lankan universities producing only 10,000 IT graduates

ICC pledges support for Sri Lanka’s reform drive to address debt crisis

The International Chamber of Commerce (ICC) has pledged its commitment to support Sri Lanka in its domestic reform programme, with the aim of swiftly resolving the current debt crisis while minimising the impact o

Chinese Finance Minister reaffirms support for Sri Lanka’s debt optimising strategy

Chinese Finance Minister Liu Kun has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term programme that is mutually beneficial to both parties and aimed at optimising Sri Lanka’s debt, a statement from President’s Media Division said. The Chinese Finance Minister had conveyed this commitment during bilateral discussions held yesterday in Beijing with President Ranil Wickremesinghe, w

Overseas Realty performance hit by lower apartment sales

Overseas Realty (Ceylon) PLC posted a loss during the third quarter of 2023 (3Q23), primarily due to a significant drop in apartment sales owing to rising construction costs and the imposition o

Fitch assigns ‘BBB(EXP)(lka)’ for DFCC Bank’s debentures up to Rs.8bn

Fitch Ratings has assigned DFCC Bank PLC’s (A-(lka)/Stable) proposed Basel III-compliant subordinated unsecured debentures of up to Rs.8 billion an expected National Long-Term Rating of ‘BBB(EXP)(

President holds talks with top executives of major Chinese corporations

During his four-day official visit to China, President Ranil Wickremesinghe held meetings with representatives from several major Chinese corporations, including China Communications Construction Corporation (CCCC), China Sinopec and BYD Company. A statement from

Chinese Finance Minister reaffirms support for Sri Lanka’s debt optimising strategy

Chinese Finance Minister Liu Kun has reaffirmed China’s commitment to extend comprehensive support for the implementation of a medium-term and long-term programme that is mutually beneficial to both parties and aimed at optimising Sri Lanka’s debt, a statement from President’s Media Division said.

Passenger facilities at Palali Airport to be expanded at estimated cost of Rs.200mn

In a bid to meet the growing demand for international and domestic air travel, Minister of Ports, Shipping, and Aviation, Nimal Siripala de Silva, has given the green light for a significant upgrade to passenger facilities at Palali Airport.

Ceylinco Cancer Centre upgrades Linac with latest software and hardware

Ceylinco Healthcare Services Limited (CHSL) has announced the completion of a major upgrade to the Linear Accelerator at the Ceylinco Cancer Centre, to offer patients the latest improvements available in this form of radiation therapy.

Overcoming bribery and corruption in public sector

According to the International Monetary Fund (IMF), the most popular and simplest definition is the one used by the World Bank, ‘abuse of public power for private benefits’. This does not mean that bribery and corruption cannot exist outside the pu