Category: Economy and Markets
Lion Brewery reaffirms commitment to flood resilience and community support in Biyagama
Lion Brewery (Ceylon) PLC (Lion) reaffirmed its commitment to strengthening community partnerships through its flood response efforts and ongoing work to build long-term flood resilience and community support in Biyagama, home to the Company’s core operations. During the recent floods along the Kelani River, Lion supported the Biyagama community throughout the emergency response and recovery […]
Subsidiary of Commercial Bank of Ceylon, CBC Finance Lists on Colombo Stock Exchange
CBC Finance Ltd, a subsidiary of the Commercial Bank of Ceylon PLC commemorated its listing on the Colombo Stock Exchange (CSE) by way of the issuance of LKR 1.5 bn worth of debentures by the ceremonial ringing of the market opening bell on the CSE trading floor. CBC Finance Ltd raised LKR 1.5 Bn on […]
Sri Lanka records 5.4-pct GDP growth rate for third quarter of 2025
The Department of Census and Statistics (DCS) Sri Lanka, has released the estimated Gross Domestic Product (GDP) at current price and at constant (2015) price in Production approach and the other macroeconomic indicators for the third quarter (1st July to 30th September) of 2025. The GDP for the third quarter of 2025 at constant price […]
World Bank is making up to USD120 mn in emergency support available by repurposing funds
In response to the Government’s request, the World Bank is making up to US$120 million in emergency support available by repurposing funds from ongoing projects, the World Bank said in a statement. This will support recovery and help restore essential services and infrastructure—including health care, water, education, agriculture, and connectivity—in the areas hit hardest by […]
SEC Alert: Gladius South Asia is not licensed by SEC or registered with Financial Conduct Authority in UK
The Securities and Exchange Commission of Sri Lanka (SEC) wishes to inform the public that Gladius South Asia is unauthorized to act as a Market Participant in Sri Lanka. The SEC confirms that this entity is not licensed by them. Furthermore, the SEC has received official confirmation from the Financial Conduct Authority (FCA) that Gladius […]
Economic, fiscal &’s Ratings
According to Moody’s Ratings, South and Southeast Asian countries have been severely impacted by several tropical cyclones and unusually heavy monsoon rains since mid-November, leading to widespread flooding and landslides and the tragic loss of hundreds of lives. Moody’s assesses that the economic, fiscal, and credit impact of this disaster is likely to be most […]
EDB Launches Fast-Track Relief to Support Exporters Affected by Adverse Weather
The Export Development Board (EDB) has launched a rapid relief and recovery program following the severe impact of adverse weather conditions on Sri Lanka’s export sector. A discussion meeting was held recently at the EDB premises, with the participation of Secretary to the Ministry of Industry and Entrepreneurship Development Mrs. Tilaka Jayasundara, EDB Chairman and […]
Relief Measures to Assist Businesses affected by Recent Disasters by Banks
The Central Bank of Sri Lanka (CBSL), in view of the adverse effects of the recent cyclonic and flood disasters, having considered the proposals of the Sri Lanka Banks’ Association (Guarantee) Ltd. (SLBA) and the need to grant effective relief to those affected without unduly compromising financial system stability, issued the Circular No. 04 of […]
IMF Considers USD 200 Mn Emergency Aid for Cyclone-Hit Sri Lanka
International Monetary Fund (IMF) Mission Chief for Sri Lanka, Evan Papageorgiou, issued a statement today addressing the impact of Cyclone Ditwah and the resulting financial request from the Sri Lankan government. He began by extending the IMF’s sympathies to the population profoundly affected by the natural disaster: “In the wake of the devastating impact and […]
Sri Lanka’s Recovery After Cyclone Devastation
The International Monetary Fund (IMF) is actively investigating options to further support Sri Lanka in the recovery process following the devastating cyclone and widespread flooding. This commitment comes as the IMF continues to back Sri Lanka’s reform efforts under the Extended Fund Facility (EFF) arrangement. The IMF’s Director of Communications, Julie Kozack, conveyed the institution’s […]
Sri Lanka economic summit opened with focus on recovery and resilience after cyclone Ditwah
The Ceylon Chamber of Commerce opened the Sri Lanka Economic & Investment Summit on Tuesday with a renewed sense of purpose, reframing the annual event as a platform for national recovery following the devastation caused by Cyclone Ditwah. Addressing more than 800 delegates, including over 100 overseas investors, the Chamber’s Chairperson, Krishan Balendra began by […]
Ceylon Chamber affirms support for National recovery efforts following cyclone Ditwah
The Ceylon Chamber of Commerce is deeply saddened by the devastation caused by Cyclone Ditwah, and our thoughts are with all individuals, families, and communities affected by this tragedy. We mourn the loss of lives and acknowledge the immense hardship endured by thousands who have been displaced and whose livelihoods have been severely disrupted. In […]