French Ambassador assures France’s support to Sri Lanka
France stands ready to support Sri Lanka in its efforts to restructure its debt, Ambassador for France His Excellency Jean-François Pactet announced …
All News
Sri Lanka electricity tariff revision breakdown
With immediate effect, Sri Lanka’s power regulator, the Public Utilities Commission Wednesday approved a 66 per cent hike in electricity …
High Commissioner Moragoda meets Finance Minister of India ahead of G20 meeting
High Commissioner of Sri Lanka to India, Milinda Moragoda met with the Finance and Corporate Affairs Minister of India Smt. Nirmala Sitharaman on 14 …
Opinion: Driving sustainable and inclusive growth for everyone
By Armida Salsiah Alisjahbana, Under-Secretary-General of the UN and Executive Secretary of the Economic and Social Commission for Asia and the …
Sri Lanka to ban several single-use plastic & polythene products
Sri Lanka will ban the import, domestic production, sale, and domestic use of several single-use plastic & polythene products with effect from 01 …
Draft Central Bank of Sri Lanka Bill to be presented in Parliament
The Cabinet of Ministers has approved a proposal submitted by the President as the Finance Minister to publish the Central Bank of Sri Lanka draft …
Fitch revises outlook on Home Lands Skyline to negative; Affirms ‘A(lka)’
Fitch Ratings has revised the Outlook on Sri Lankan home builder Home Lands Skyline (Pvt) Ltd.’s (HLSL) National Long-Term Rating to Negative, …
CMA rings bell with CSE, to recognize & promote integrated reporting
The Institute of Certified Management Accountants of Sri Lanka (CMA), in collaboration with the Colombo Stock Exchange (CSE), rang the market opening …
Sri Lanka’s first ISO 14065 certification awarded to leading upcycling brand House of Lonali
House of Lonali, the pioneering upcycling brand from Sri Lanka specialising in transforming textile and paper waste into uniquely inventive items, …
Ceylon Chamber urges IMF to consider assurances received thus far & initiate approval process
The Ceylon Chamber welcomes and appreciates the financial assurances provided by creditors thus far, towards achieving Board approval from the IMF. …
SriLankan Airlines to start operations to China
SriLankan Airlines is set to renew its commercial operations to China in the first week of April 2023, with a thrice weekly service each to Shanghai, …
Hemas’ Focus on Core Sectors Continues to Deliver Sustained Growth
Hemas Holdings delivered a commendable performance in the first nine months of the financial year 2023. Notwithstanding the volatile economic …
Aitken Spence reports cumulative first 9 months PBT of 10.3 Bn with 214-pct growth
The leading blue-chip conglomerate, Aitken Spence PLC reported a cumulative Profit Before Tax (PBT) of Rs. 10.3 Bn for the nine months ended 31st …
Fitch upgrades Bank of Ceylon’s VR & Foreign-Currency IDR to ‘cc’/’CC’
Fitch Ratings has upgraded Bank of Ceylon’s (BOC) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’ from …
Personal income taxation is a short-term economic development strategy, says Government
According to Dr Kapila Senanayake, Director General of the Department of Financial Policy, the tax on personal income was imposed as a short-term …
Paris Club creditors provide financing assurances to support IMF’s approval of an EFF for Sri Lanka
Paris Club creditors have agreed to provide financing assurances to support the approval by the IMF Executive Board of the envisaged IMF program for …
Foreign Minister Ali Sabry meets US Under Secretary for Political Affairs Victoria Nuland
The Minister of Foreign Affairs at a luncheon meeting with U.S. Under Secretary for Political Affairs Victoria Nuland on 01 February 2023, discussed …
European Union & FAO to provide fertilizers, seeds & training to vulnerable paddy farmers in Sri Lanka
The European Union (EU) has allocated 4 million Euro (approximately 1,5 billion rupees) in grants for fertilizers, seeds, and training to the most …
500 buses from Indian Government in parallel to Sri Lanka’s 75th Independence Day
A token of 50 buses was handed over to President Ranil Wickremesinghe at the Presidential Secretariat premises today as the second phase of a project …
China confirms debt service extension; supports Sri Lanka’s loan application to IMF
China’s government on Friday confirmed that it is offering an extension on the debt service due in 2022 and 2023, which means Sri Lanka will …
Sri Lanka Central Bank rejects Tim Draper’s Bitcoin proposal to fix economy
Sri Lanka’s Central Bank has rejected billionaire venture capital investor Tim Draper’s proposal to introduce a Bitcoin-based solution to …
Grant of 100 Mn Japanese yen to support reconciliation efforts of Sri Lanka
Takei Shunsuke, the Minister of State for Foreign Affairs of Japan, stated that he is constantly working to support the reconciliation efforts of Sri …
US President extends warm wishes to Sri Lanka on its 75th Anniversary of Independence
US President Joseph R. Biden, in a warmly worded letter of felicitation, conveyed his best wishes to President Ranil Wickremesinghe and the people of …
On the 75th, Independence, time to re-plug to the world economy
Advocata Institute As Sri Lanka is inaugurating its political independence of 75 years on February 4th, the burning issue the public is struggling to …