Govt public debt restructuring and concerns of the banking sector: SL Banks Association
The banks believe that all stakeholders involved in structuring the restoration of Sri Lanka’s Balance of Payments to a sustainable equilibrium must …
Banking and Finance
Sri Lanka’s Central Bank says structural reforms needed for short and long-term issues: Annual Report
The implementation of structural reforms focusing not only on restoring near term stability but also on rebuilding the nation with adequate safeguards and …
Seylan Bank appoints Ramesh Jayasekara as Director/CEO
Seylan Bank has announced the appointment of Ramesh Jayasekara as its new Director/Chief Executive Officer, effective from 1 May 2023. Having joined …
Plasticcycle partners with The Pearl Protectors’ “Cleaner Seabeds for Sri lanka” Expedition
Earlier this month, Plasticcycle, the social entrepreneurship project of the John Keells Group, entered into an agreement with The Pearl Protectors, a …
Dipped Products launches new venture into high-tech sports gloves for EU & US
Producing specialised gloves for leading global brands across 10 sports Eco-friendly facility fulfils requirements for platinum LEED certification Up …
Ceylon Chamber mobilises corporate sector support to adopt 105 Suwa Seriya ambulances
The Ceylon Chamber of Commerce successfully facilitated the adoption of 105 Suwa Seriya ambulances, valued at Rs.525 million rupees, to support Sri Lanka's …
Sri Lanka and UK to convene strategic dialogue on 18 April in London
Foreign Secretary Aruni Wijewardane will participate in the inaugural UK-Sri Lanka Strategic Dialogue at Foreign Secretary level on 18 April 2023 at the …
Sri Lanka tourist arrivals up in Feb 2023
Tourist arrivals increased in February 2023 to 107,639, compared to 102,545 arrivals recorded in January 2023 and 96,507 recorded in February 2022, data from …
ComBank launches LankaPay cards in Sri Lanka
Sri Lanka’s payment cards domain took a giant leap today when the Commercial Bank of Ceylon in collaboration with LankaPay launched a national credit and …
Govt increasing tax burden on poor and working people on IMF conditions but not taxing capitalists: Eran
Oppositions MP Eran Wikramaratne has alleged that there is a bizarre situation in the implementation of the agreement with the International Monetary Fund, as …
Kristalina Georgieva outlines Sri Lanka’s path to recovery
IMF Managing Director Kristalina Georgieva says that it is now important for the authorities and creditors to make swift progress toward restoring debt …
Ceylinco Life retains market leadership for 19th consecutive year in 2022
Ceylinco Life policyholders received a mammoth Rs 18.9 billion in net claims and benefits in 2022, as the Company achieved its 19th consecutive year of market …
Seylan Bank opens INR Nostro account to catalyse Indo-Lanka trade
Seylan Bank recently announced the opening of an Indian Rupee (INR) Nostro account with Indian Bank, Mumbai. This development will allow importers and …
Eran urges Govt to disclose contents in IMF agreement
Even though the present government said no, the Samagi Jana Balawega emphasized from the beginning that this country needs some sort of agreement and financial …
First Capital maintains domestic debt restructuring probability low at 20-pct
First Capital maintains the domestic debt restructuring (DDR) probability at 20%, highlighting that the domestic debt restructuring probabilities stand low for …
Opinion: HNB reiterates importance of developing a national savings culture
HNB Deputy General Manager - Retail and SME Banking, Sanjay Wijemanne As more Sri Lankans face concerns over their personal financial security, and that of the …
CBSL requests Financial Institutions to provide appropriate concessions to affected borrowers
Financial Institutions (FIs) have so far approved over 3.3 million requests for concessions, amounting to a total of Rs. 5,994 billion during the different …
Sri Lanka Retail Forum 2023 highlights strategies for navigating economic crisis in sector
The Sri Lanka Retailers’ Association (SLRA), the apex body of organised retail in Sri Lanka, recently concluded the annual Sri Lanka Retail Forum under the …
Increase PAYE tax threshold from Rs 100,000 to 200,000: Eran
SJB alleges that it is a serious problem that the people have to take to the streets, as they have been burdened with heavy taxes while the working people have …
Sri Lanka’s export earnings decline to 11.3-pct in Jan 2023: Imports down 29.2-pct
• The deficit in the merchandise trade account narrowed in January 2023, compared to a year ago. • Export earnings declined while import expenditure …