Monetary Board of CB decides to maintain policy interest rates

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 27 December 2018, has decided to maintain policy interest...

Tourism revenue up to October 2018 records increase

Foreign exchange earnings from tourism up to October 2018 were estimated to be US$ 3,495 million. The earnings from tourism recorded a growth of 10.6%...

Ceylon Chamber wants serious challenges addressed

The Ceylon Chamber of Commerce has urged the new cabinet to address serious challenges faced by the country including the challenge of meaningful implementation...

Chinese exchange market and Sri Lanka sign MoU

The Chinese exchange market and Sri Lanka have signed an agreement on securities clearing and depository, the Colombo Stock Exchange (CSE) announced on Tuesday. Sri...

Sri Lanka’s first oil and gas drillship lay-up commences at Hambantota port

Hayleys Energy Services (HES), the pioneer in Oil and Gas support services in Sri Lanka, announced the arrival of the oil and gas drillship...

CBSL disputes Rating Agencies’ latest rating decisions

The Central Bank of Sri Lanka (CBSL) is of the view that the decisions by Fitch Ratings on 3 December 2018 and Standard and...

AMCHAM Sri Lanka concerned over impact to investments

The American Chamber of Commerce in Sri Lanka expressed concern of the impasse reached in light of the current political developments in the country. While...

Fitch downgrades Sri Lanka to ‘B’ owing to political crisis

Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency Issuer Default Rating (IDR) to 'B' from 'B+', with a Stable Outlook. The downgrade reflects heightened external...

GSK to divest Horlicks, other Consumer Healthcare nutrition products to Unilever

Following the completion of its previously announced strategic review, GlaxoSmithKline plc (LSE/NYSE: GSK) today announced the divestment of Horlicks and other consumer healthcare nutrition...

China and Sri Lanka discuss collaboration on future projects

China and Sri Lanka have had talks to collaborate and identify projects and initiatives for Chinese investments. Representatives of China’s Council of the People’s Republic...

Multinational companies in Sri Lanka fear losing EU GSP Plus

Multinational companies operating at the Free Trade Zone in Katunayake have raised fears of Sri Lanka losing the EU GSP Plus trade concession. In a...

Qatar Chamber, Sri Lanka review co-operation in employment

Qatar Chamber and Sri Lanka's Ministry of Foreign Employment held a meeting yesterday to discuss co-operation between the two sides in connection with recruitment...

Moody’s downgrades Sri Lanka’s ratings as political crisis continues

Moody's Investors Service ("Moody's") has today downgraded the Government of Sri Lanka's foreign currency issuer and senior unsecured ratings to B2 from B1 and changed...

Hambantota Port confident of boost in terminal operations

The Hambantota International Port Group (HIPG) is confident of seeing a boost in its terminal operations. HIPG made yet another investment to further develop the operations...

Joint Chambers of Commerce raise concerns

The Chambers of Commerce of Sri Lanka today raised concerns that the current political uncertainty will result in many adverse consequences to the country,...

Sri Lanka’s first state-of-the art 5G Innovation Center to be established

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, in partnership with Ericsson, the world leader in communications technology and services along with the Ministry...

PBC suggests increase in exports of bikes, cement to Sri Lanka

The Pakistan Business Council (PBC) has drafted a report focused on the free trade agreement (FTA) with Sri Lanka and has found motorcycle and...

AmCham appoints new Board of Directors for 2018/2019

The 26th Annual General Meeting of the American Chamber of Commerce in Sri Lanka (AmCham) was held in September at the Hilton Colombo Residences,...

China impressed by Sri Lankan fresh produce

China is impressed by Sri Lankan fresh produce and is looking to cooperate with Sri Lanka in the trade and agriculture sector, the Sri...

Sri Lanka to sell hotel stakes, possibly within six months

Sri Lanka plans to put two state-owned hotel companies up for sale within the next six months in a sale that could raise $500...