David Cameron kicks off Port City Colombo’s global investment drive
Representatives of top corporations in the UAE, accompanied by high-potential investors, property developers, hotel owners, and leaders in the hospitality and …
Sri Lanka slips in economic freedom: Report
Lanka—Sri Lanka ranks 116 out of 165 jurisdictions included in the Economic Freedom of the World: 2023 Annual Report, released by Advocata Institute in …
Fitch Upgrades Sri Lanka’s Long-Term Local-Currency IDR to ‘CCC-‘ from Restricted Default
Fitch Ratings has upgraded Sri Lanka's Long- Term Local-Currency Issuer Default Rating (IDR) to 'CCC-' from 'RD' (Restricted Default). Fitch typically does not …
Global accounting body president in Colombo to inaugurate CA Sri Lanka’s National Conference
President of the International Federation of Accountants (IFAC), Asmâa Resmouki, will arrive in Sri Lanka on a special invitation extended to her by the …
CCPI-based headline inflation decreased to 1.3-pct in September 2023
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decreased to 1.3% in September 2023 …
We will continue discussions with the goal of reaching a staff-level agreement in the near term: IMF Staff Mission
The team will continue its discussions in the context of the First Review with the goal of reaching a staff-level agreement in the near term, says the …
Economic Commission to replace BOI; new law to transform Port City into Colombo Financial Zone: President
President Ranil Wickremesinghe, in his address at the 2023 Commercial Mediation Symposium at Colombo's Hilton Hotel, emphasized the need for a cultural shift …
HIP supplies over 80-pct marine bunkers to Sri Lankan market
The Hambantota International Port Group (HIPG) has benchmarked a 500,000 ton volume in their bunkering business during the first eight months of 2023. The …
Sri Lanka local currency ratings raised to ‘CCC+/C’ from ‘SD/SD’; Outlook stable
S&P Global Ratings today raised its long- and short-term local currency sovereign credit ratings on Sri Lanka to 'CCC+/C' from 'SD/SD' (selective default). …
Sinopec pledges to fuel Sri Lanka as it commences operations
Sinopec announced its official entry into Sri Lanka's dynamic fuel retail market at the felicitation event for local distributors held on the 25 th of …
Sri Lanka’s merchandise exports surpassed USD 1 billion mark in August
Sri Lanka’s merchandise exports increased by 6.98 % to US$ 1,091.6 Million in August 2023 compared to July 2023 as per the provisional data released by the …
Import restrictions, except for vehicles to be lifted by next month: Minister
Finance State Minister Shehan Semasinghe says that import restrictions on goods, except for vehicles, will be lifted by next month with the goal of stabilizing …
Website of Sri Lanka’s control body for Organic Agriculture unveiled
Sri Lanka’s control body for organic agriculture - the National Organic Control Unit (NOCU), operating under the aegis of the Sri Lanka Export Development …
CA Sri Lanka to host member meeting of Confederation of Asian and Pacific Accountants in Colombo
The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is proud to announce that it will be hosting the member meeting of the Confederation of …
Newly established Governing Board of Central Bank convenes
The newly established Governing Board of the Central Bank of Sri Lanka, constituted under the provisions of the recently promulgated Central Bank Act No. 16 of …
CB Governor of Viet Nam compliments improvement of Sri Lankan economy
The Governor of the Central Bank of Viet Nam, known as State Bank of Viet Nam (SBV), Nguyen Thi Hong, expressed optimism and encouraging sentiments about the …
Iranian President proposes early convening of Joint Economic Commission
President Ranil Wickremesinghe met with Ebrahim Raisi, President of the Islamic Republic of Iran on the sidelines of the UNGA in New York yesterday (20/09). …
United States to Increase Development Investment in Sri Lanka by USD 19.2 mn Through USAID
The United States today announced the commitment of more than US $19 million in additional funds to further the development of Sri Lanka, in a ceremony at the …
David Cameron to address Port City Colombo UAE Roadshow unveiling Opportunities & Incentives
Port City Colombo is set to launch a Roadshow in the UAE showcasing investment opportunities and incentives for global investors. This significant event marks …
Sri Lanka’s online safety bill: Regressive overreach stifling investment and freedom of speech
● Tech Investment Threatened: Risk of deterring tech investments in Sri Lanka. Draconian Legislation: An archaic and draconian bill that …