Author: LBO Admin
Sri Lanka promotes AI– investment opportunities and disrupt Asia-2025 in London
A panel discussion to promote investment opportunities in Artificial Intelligence (AI) in Sri Lanka, jointly organised by the Sri Lanka–UK Chamber of Commerce – London (SLUKCC) and the High Commission of Sri Lanka, was held on 31 July 2025 at the High Commission premises. The panel featured a distinguished group of professional and academic including Dean […]
ComBank’s Rs. 15 bn Green Bond issue oversubscribed on opening day
Investors demonstrated overwhelming support for the green lending aspirations of the Commercial Bank of Ceylon, leading to the oversubscription of the Bank’s Rs. 15 billion Green Bond on its opening day, Monday 4th August 2025. The Green Bond Issue comprised of an initial issue of 100 million Basel III Compliant – Tier 2 Listed Rated […]
WealthOS achieves prestigious WealthTech100 recognition for 3rd consecutive year
WealthOS, a pioneering cloud-native operating system (SaaS) for digital wealth management products, today announced its inclusion in the prestigious global WealthTech100 list for the third year running. The WealthTech100 is an annual list curated by FinTech Global, identifying the 100 most innovative wealth tech companies in the world. With over 1,200 tech companies in the […]
US Effective Tariff Rate from all trading partners settles at 17-pct with July 31 duties: Fitch Ratings
Fitch Ratings has updated the U.S. Effective Tariff Rate (ETR) Monitor, its interactive tariff tool, reflecting the July 27 and July 31 announcements that set new reciprocal tariff rates for most trading partners. The U.S. effective tariff rate is now 17% — about 8 percentage points lower than our April 3, 2025, estimate when higher […]
CCC applauds Government for securing 20-pct tariff rate on US exports
The Ceylon Chamber of Coconut Industries extends its sincere appreciation to President Anura Kumara Dissanayake and the negotiating team for securing a reduced 20% reciprocal tariff from the United States. As our largest export market for coconut products, this achievement marks a critical win for the industry, helping Sri Lankan exporters compete more fairly with […]
Opinion: Sri Lanka – The Next Frontier for Global Investors
69% market surge creates compelling opportunity for international capital as recovery story gains momentum By Uddeepa Peiris After a spectacular 69.69% year-on-year rally that has catapulted the Colombo Stock Exchange All-Share Price Index (ASPI) to 19,532 points, Sri Lanka’s stock market has emerged as one of the world’s most compelling investment destinations for international investors. […]
A new era begins: City of Dreams Colombo reshapes Sri Lanka’s travel and leisure scene
Sri Lanka’s largest investment and South Asia’s first integrated resort opened its doors, heralding a bold new chapter in the nations’ economic journey. Positioned at the crossroads of modern luxury and local artistry, City of Dreams Sri Lanka (COD SL), is a living showcase of Sri Lankan ambition, creativity and global vision. The transformative destination […]
Colombo Stock Exchange Launches a Central Counterparty system
The Colombo Stock Exchange (CSE) marked a historic milestone in Sri Lanka’s capital market with the launch of a Central Counterparty (CCP) framework for equity transactions, a transformative development that significantly enhances the safety, efficiency, and global competitiveness of the domestic capital market. To commemorate this milestone achievement a special Market Opening Ceremony was held […]
Ceylon Chamber Acknowledges U.S. Tariff Reduction, Stresses Importance of Durable Trade Terms
The Ceylon Chamber of Commerce commends the Government of Sri Lanka and the national negotiation team on the successful outcome of recent discussions with the United States, which led to a further reduction in the reciprocal tariff rate – from 30% to 20% – on Sri Lankan exports. “While this is clear progress reflecting the […]
Free Trade Zone Manufacturers Association Rules Out Additional MFN Levies, Says 20-Pct Tariff Stands Alone
Dhammika Fernando, Chairman of the Free Trade Zone Manufacturers Association (FTZMA), emphasized that the new 20% U.S. tariff on Sri Lankan imports is a standalone rate and will not be added on top of existing Most-Favored-Nation (MFN) duties. “A 12% to 16% average MFN rate applied on Sri Lankan apparel earlier,” Fernando explained. “Some people […]
US Dollar Shows Signs of Stabilisation on Easing Policy Uncertainty: Fitch Ratings
The US dollar has shown early signs of stabilisation against other currencies in the past few weeks, as US policy uncertainty has eased from record highs, Fitch Ratings says in its latest FX Market Monitor. The DXY Dollar Index (a weighted-average of six bilateral exchange rates with developed market countries with reserve currencies) remains about […]
EDB at 46: A Legacy of Transformative Progress
The 1st of August 2025 marks the 46th anniversary of the Sri Lanka Export Development Board (EDB), the country’s apex organization for export promotion and development. Established under the Sri Lanka Export Development Act No. 40 of 1979, the EDB plays a pivotal role in shaping a vibrant and diversified export sector, positioning Sri Lanka […]