Sri Lankan PM ready to resign to make way for an all-party government
Sri Lanka’s Prime Minister Ranil Wickremesinghe has told the party leaders that he is willing to resign and make way for an all-party …
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CCC Calls for President to resign & party leaders to ensure smooth transition of power
The Ceylon Chamber of Commerce reiterates its call for President Gotabaya Rajapakse to resign immediately for the sake of the country and its …
Protesters enter the President’s House
Protesters in Colombo Fort, who broke through police barricades to reach the entrance of the President’s House, have entered the premises. The …
Hemas Holdings set to enter Omani market: Foreign Ministry
Sri Lanka’s 72-year-old leading public quoted company Hemas Holdings PLC is set to enter the Omani market. Ambassador of Sri Lanka to the Sultanate …
Aitken Spence expands renewable energy portfolio with solar
Aitken Spence PLC reiterates their commitment to local and global sustainable development goals by acquiring Sagasolar Power (Private) Ltd, from the …
SriLankan Airlines denies reports of flight cancellation
SriLankan Airlines would like to correct certain false information circulating on media about the possible cancellation of a host of SriLankan …
Ceylon Chamber appeals to all parties to prevent violence on 9th July
Ceylon Chamber of Commerce notes that a number of political parties, professional associations and civil society organizations have called for mass …
JAAF commends industry’s resilience as apparel export earnings rise 30-pct YoY in May
The Joint Apparel Association Forum (JAAF) thanked all industry stakeholders for their outstanding resilience in ensuring that the sector continued …
CBSL further tightens monetary policy stance; increases SDFR & SLFR by 100 basis points
The Monetary Board of the Central Bank has decided to increase the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate …
Sri Lanka’s Finance Minister should resign; he has no plan: Dhammika Perera
Newly-appointed Minister of Investment Promotion Dhammika Perera calls for the immediate resignation of Finance Minister Ranil Wickremesinghe. …
Transforming Tourism: Revitalizing Sri Lanka’s Tourism to be a Resilient & Inclusive Industry
A serene mist envelope an ocean of luscious greenery and hills, deep in the depths of a stillness that is synonymous with the Sri Lanka’s …
ComBank ranked among world’s Top 1000 banks for 12th consecutive year
The globally-respected UK magazine ‘The Banker’ has once again included the Commercial Bank of Ceylon in its prestigious ‘Top 1000 World …
SEC overhauls regulations; introduces a Code for Collective Investment Schemes
The Securities and Exchange Commission of Sri Lanka (SEC), the securities market regulator has prepared Rules pertaining to Market Institutions, …
Consular Affairs Division of Ministry of Foreign Affairs Resumes its Regular Services
Considering the heavy demand for Consular Services and in order to provide for the public needs in this regard, the Consular Affairs Division will …
CCPI-based headline inflation recorded at 55-pct in June; food inflation at 80-pct
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index increased to 54.6% in June 2022 from 39.1% in May 2022 …
Nandalal Weerasinghe Re-appointed as Central Bank Governor
The Central Bank announces that President Gotabaya Rajapaksa has re-appointed Dr. P. Nandalal Weerasinghe as the Governor of the Central Bank for a …
Russian Ambassador calls on Foreign Minister Peiris
Ambassador of the Russian Federation to Sri Lanka, Yury Materiy, called on the Minister of Foreign Affairs, Professor G.L. Peiris yesterday at the …
CFA Capital Market Awards 2022 fetes best in the investment profession
The ninth annual CFA Capital Market Awards, organized by the CFA Society Sri Lanka, was held on Wednesday (29 June) at the Oak Room of Cinnamon Grand …
IMF staff concludes visit to Sri Lanka; discussions to continue for a staff-level agreement on EFF
An International Monetary Fund (IMF) mission team led by Peter Breuer and Masahiro Nozaki visited Colombo from June 20 to 30, 2022 to discuss IMF …
Fairfirst Insurance introduces industry’s first Comprehensive Pedal Cycle Insurance Cover
Keeping up with the evolving trends in the external environment, Fairfirst recently introduced “Pedal Cycle Insurance” as another industry-first …
Sri Lanka economy contracted by 1.6-pct in 1Q 2022
The year-on-year GDP growth rate for the first quarter of 2022 has been estimated as negative 1.6 percent which indicated a considerable contraction …
Sri Lanka’s Food Crisis: What is the Role of Imports?
By Dr. Asanka Wijesinghe and Chathurrdhika Yogarajah: Food security has become a pressing concern for many Sri Lankans amidst a deepening domestic …
Actions will be taken to liquidate five failed finance companies: Central Bank
Actions will be taken to liquidate the five failed finance companies in accordance with applicable legal provisions, Sri Lanka’s Central Bank …
Sri Lanka to introduce new law on contempt of court
As the offense of contempt of court has not been defined in Sri Lanka, there is no clear and uniform procedure for hearing and adjudicating such …