Greater flexibility to Licensed Finance Companies to raise funds from foreign sources
The Monetary Board of the Central Bank has issued new directions on foreign currency borrowings by Licensed Finance Companies (LFCs) with a view to …
All News
VIDEO: US Supreme Court rules in favor of Google over Oracle in copyright case of the century
Experts break down the significance of Google’s win in a major case surrounding its copying of Oracle code in the development of its Android …
Central Bank reduces exporter proceeds conversion rule to 10-pct
The Central Bank, having considered the requests made by exporters has amended Rule No. 2 of 2021 by reducing the percentage of mandatory conversion …
Bar Association requests Government to defer further action on Port City Commission Bill
The Executive Committee of the Bar Association of Sri Lanka (BASL) requests the Government to defer further action on the Colombo Port City Economic …
B2B meeting to boost Sri Lankan exports of fruits & vegetables to Oman
Sri Lanka Embassy in Oman jointly with the Sri Lanka Export Development Board, organised a virtual B2B meeting between Carrefour Oman and eight …
Palitha Kohona formally presents Credentials to Chinese President
Ambassador Dr. Palitha Kohona presented Letters of Credence to President of the People’s Republic of China Xi Jinping on 14 April 2021 at the Great …
Australia – Sri Lanka strengthen ties over aerial drone surveillance
The Joint Agency Task Force Operation Sovereign Borders is supporting the Sri Lankan Police to establish an aerial drone surveillance capability. At …
ADB should ramp up efforts to mitigate COVID-19 impact on SDGs: independent evaluation
The Asian Development Bank (ADB), in partnership with other development organizations, must give high priority to efforts to assess and address the …
Market capitalization of Colombo Stock Exchange increases by MoM 6.4-pct
Forex Market The USD/LKR TT buying and selling exchange rates on 12th April 2021 were marked at LKR 199.15 and LKR 203.73 respectively. The …
Central Bank suspends business of Swarnamahal Financial Services
The Monetary Board of the Central Bank has decided to suspend the business of Swarnamahal Financial Services PLC (SFSP) with effect from today. …
China Development Bank signs USD 500Mn Financing Facility Agreement with Sri Lanka
China Development Bank (CDB) and Sri Lankan Finance Ministry on Monday signed USD 500 Million Foreign Currency Term Financing Facility (FTFF), which …
Singapore Airlines to increase flight frequency to Sri Lanka
Singapore Airlines will increase its flight frequency to Sri Lanka from 3 times to 5 times weekly, from 01 May 2021, operating the Airbus 350-900MH …
WB says as SL should focus on competitiveness and debt sustainability to ensure resilient rebound
Despite the heavy toll of the COVID-19 pandemic on Sri Lanka’s economy and the lives of its people, the economy will recover in 2021, though …
PROVIDORE, Sri Lanka’s newest grocery tech platform, partners with EFutures – to leverage companywide operations as well as customer experience.
Specializing in groceries and essential items, N7T partnered with EFutures to build a holistic and inter-connected digital presence via e-commerce …
Cabraal meets with Sultan’s Deputy Prime Minister for International Relations in Oman
State Minister of Money & Capital Market and Public Enterprise Reforms Ajith Nivard Cabraal and Sayyid Assad bin Tarik al Said, Deputy Prime …
Gazette notification to recruit 40 eligible candidates to join Sri Lanka Foreign Service issued
The Foreign Ministry is pleased to inform that a gazette notification to recruit 40 eligible candidates to join the Sri Lanka Foreign Service (SLFS) …
No regulatory safeguard for virtual currencies in Sri Lanka, CBSL raises awareness
“Virtual Currencies (VCs)” are digital tokens created by private entities that can be obtained online through mining, Initial Coin Offerings …
Rupee dips further; domestic players dominate equity market
Forex Market The USD/LKR TT buying and selling exchange rates on 8th April 2021 were marked at LKR.199.21 and LKR.203.5 respectively. The indicative …
CBSL starts increased compensation payment to depositors of failed finance companies
The Central Bank (CBSL) has commenced payment of the increased compensation amount of Rs 500,000/- under the Sri Lanka Deposit Insurance and …
Prime Lands Residencies expected to make IPO bid soon
Prime Lands Residencies (Pvt) Ltd, the condominium property arm of Prime Group, recently celebrated a milestone achievement upon the completion of …
Aitken Spence acquires Waltrim Energy for Rs.900Mn
Aitken Spence PLC has acquired 100 percent of shares of Waltrim Energy Limited, a sub-subsidiary of Sunshine Holdings PLC, for a total consideration …
Advocata Institute launches tool to track everyday food price changes
Advocata’s latest policy product tracks the average retail prices of a basket of goods and provides an indication of how much prices have …
Optimism among Swedish companies doing business with Sri Lanka
Growth over the past five years, negative development in 2020 and optimism for 2021. These are some of the key takeaways from the Sweden-Sri Lanka …