CSE reports highest quarterly earnings surpassing LKR 100bn milestone: Softlogic Research
The CSE witnessed another landmark, as reported earnings crossed the LKR 100bn mark for the first time in the history of the CSE during the first quarter of …
Ceylon Petroleum Corporation to build new storage facility at Hambantota International Port
The Ceylon Petroleum Corporation (CPC) signed a Memorandum of Understanding with the Hambantota International Port Group (HIPG), last week to develop …
Fitch Ratings affirms Sri Lanka at ‘CCC’
Fitch Ratings has affirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CCC’. KEY RATING DRIVERS: Sri Lanka’s …
Standard Chartered facilitates a trade loan to import 4 million COVID-19 vaccine doses for SPC
Standard Chartered Sri Lanka has successfully financed the import of 4 million COVID-19 vaccine doses for the State Pharmaceuticals Corporation by facilitating …
New Supreme Court Judge and New President of Court of Appeal sworn in
The President of the Court of Appeal, Justice Arjuna Obeysekera, was sworn in as a Supreme Court Judge before President Gotabaya Rajapaksa at the Presidential …
VIDEO: How does the hawala system work?
Governments are trying to cripple Islamic State finances. A hard task because it uses an ancient payment system known as hawala. It’s illegal in many …
Orient Finance records threefold increase in net operating income
Orient Finance PLC reported a profit before tax of LKR 193 Mn for the 2020-21 financial year, reflecting a year-over-year growth of 144 per cent. The …
Luxury SUVs for MPs while imports for doctors, general public held indefinitely: CMTA
The Ceylon Motor Traders Association (CMTA) has expressed its concerns on the decision the Government has taken to import 400 vehicles – including 227 luxury …
YouTube releases its own version of Tik Tok, YouTube Shorts
YouTube Shorts give you a new way to watch, discover and create short content using nothing but your phone. We’ll walk you through what Shorts are, why …
US Provides Humanitarian Assistance to Sri Lankans Affected by MV X-Press Pearl Fire
The American people are providing $100,000 in immediate assistance to support response efforts to the MV X-Press Pearl ship fire. The MV X-Press Pearl has …
World Bank approves $40 mn financing to improve water & sanitation services in Sri Lanka
The World Bank’s Board of Executive Directors approved $40 million in additional financing for Sri Lanka to expand water supply, sanitation, and hygiene …
VIDEO: Inside Bitcoin’s Energy Consumption Problem
South African-born American entrepreneur, Elon Musk recently expressed concerns about the environmental cost of Bitcoin. “Cryptocurrency is a good idea on …
Foreign Minister appreciates Russia’s support in conversation with Foreign Minister Lavrov
Foreign Minister Dinesh Gunawardena in a telephone conversation with the Minister of Foreign Affairs of the Russian Federation Sergey Lavrov on Monday …
The key to Invest Forums is the ‘bottom-line’ conversion: MTI Consulting
Whilst commending the recently concluded ‘Sri Lanka Invest Forum 2021’, MTI Consulting has highlighted the need to diligently track and progress …
Sri Lankan non-life insurers’ capital to normalise after improving on lower claims
The regulatory risk-based capital (RBC) ratios of non-life insurers in Sri Lanka will normalise in the medium term with the resumption of dividend pay-outs to …
Sri Lanka Investment Forum concludes with over 4500 participants
The 2021 Invest Sri Lanka Forum, organized by the Board of Investment, The Ceylon Chamber of Commerce and the Colombo Stock Exchange, which commenced on …
Opinion: Moving business and human rights agenda forward in SL in crisis times
By Myanthi Peiris, Business and Human Rights Specialist, UNDP Sri Lanka The COVID-19 pandemic brought about unprecedented social and economic challenges, and …
SL is a strategically located strong economy with access to emerging and established markets : BOI Chief
Sri Lanka is a skills powerhouse, with the best living environment in South Asia, a senior official said. Additionally, Sri Lanka is the place to work, live …
Positive response from Japanese Premier to President’s request for AstraZeneca vaccines
President Gotabaya Rajapaksa’s request made to the Prime Minister of Japan, Yoshihide Suga, seeking to obtain 600,000 doses of AstraZeneca vaccine has …
SLT-MOBITEL unveils ‘Entrepreneurship Studio’ to foster strong local tech Start-up ecosystem
-The programme offers attractive benefits including investment up to LKR One Million: Nurturing innovation and entrepreneurship in tech start-ups, SLT-MOBITEL, …