Mixed Impact on Rated Sri Lankan Corporates from Macroeconomic Challenges: Fitch Ratings
Rated Sri Lankan corporates in consumer-goods retail, power generation and homebuilding will be among the most affected if the economic crisis deepens or is …
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Ceylon Chamber seeks acceleration of reforms and greater accountability for Govt spend
The Ceylon Chamber of Commerce acknowledges the rationale for the recently proposed tax changes and calls on the Government to show greater restraint, …
Hayleys Fabric strengthens biodiversity regeneration efforts, Partners with CEA and local universities
Strengthening its commitment to drive biodiversity regeneration and environmental conservation, Hayleys Group subsidiary and leading textile manufacturer …
PwC Sri Lanka to aid SL’s financial institutions transition to green financing
Climate change today is affecting the financial system due to its far-reaching impact across all sectors and geographies. As risks associated with …
Central Bank of Sri Lanka maintains policy interest rates
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 05 October 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and …
How a country in economic turmoil is still ripe for investors
For businesses in the field of large-scale manufacturing, a critical factor that determines their future and success is a key decision made at their very …
Earnings from exports increased by 10-pct to USD 1.2Bn in August
Earnings from the merchandise exports increased by 10.24 % y-o-y to US$ 1,213.7 Mn in August 2022 as per the data released by the Sri Lanka Customs. This was …
Exporters pessimistic over outlook on economy and export orders, SMEs more vulnerable to crisis: Report
The latest bi-annual Export Barometer Survey indicates that exporters are increasingly concerned about the implications of the expected contraction of the Sri …
CICT named best container terminal of its capacity in Asia for 6th successive year
Colombo International Container Terminals (CICT) has been crowned the Best Container Terminal in Asia in the Under 4 million TEUs category for the sixth …
Businesses spending higher percentage of technology budgets on cybersecurity, Sophos research reveals
Sophos, a global leader in next-generation cybersecurity, today released additional findings from its survey report, The Future of Cybersecurity in Asia …
SLT-MOBITEL brings Samsung’s latest Galaxy fold 4 5G & Galaxy Z flip 4 5G devices along with benefits
Bringing Sri Lankans, the opportunity to experience the next generation technology and devices, SLT-MOBITEL, the National ICT solutions provider is offering …
Exporters urge product testing laboratories to pull up their socks
Sri Lanka’s leading food and organic product exporters urged the nation’s premier product testing laboratories to enhance their levels of efficiency and …
EXPO buying binge continues
September 8, 2022 (LBO) – The parent of Expolanka (EXPO), SG Holdings, continues to scoop up shares in Sri Lanka’s largest market cap company. The …
Expolanka parent aggressively buys EXPO shares in the market
September 5, 2022 (LBO) – SG Holdings, the parent company of Sri Lanka’s largest listed company Expolanka, has aggressively bought shares of (EXPO) …
Ceylon Chamber congratulates Govt on reaching Staff-level Agreement with IMF
The Ceylon Chamber of Commerce congratulates the Government led by the President, the Governor of the Central Bank of Sri Lanka, Secretary to the Treasury and …
SEC, CSE & CA Sri Lanka to capitalize on synergies to encourage & advance non-financial reporting
The Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE) and the Institute of Chartered Accountants of Sri Lanka (CA Sri …
Entries are now open for CA Sri Lanka’s TAGS Awards 2022 to crown best corporates
Marking a new chapter in financial and non-financial reporting, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) on Wednesday announced that …
DCTS to replace UK GSP; SL to benefit from duty-free exports to UK on more than 80-pct of products
Over 99% of goods exported from Sri Lanka eligible for duty-free access to the UK £69m of tariffs saved on exports to the UK under the new Developing …
Central Bank relaxes mandatory conversion requirement on service export proceeds
With the view of encouraging service exporters to repatriate their export proceeds into the country, the Central Bank of Sri Lanka has withdrawn the mandatory …
Sri Lanka’s stock exchange: Few people control it & few people rig it, says President
President Ranil Wickremesinghe says that he has questions about putting shares of the state-owned enterprises onto the current Stock Exchange. “What is …