Business community slams negligence of Government machinery

The Ceylon Chamber of Commerce is deeply concerned that the events that resulted in the senseless acts of terrorism that claimed the lives of...

Licensed banks and NBFIs told to reduce interest rates

The Central Bank of Sri Lanka has observed high interest rates charged on lending products and excessively high interest rates offered on deposit products...

MCC approves biggest Grant funding ever received by Sri Lanka

The Millennium Challenge Corporation of the US Government has approved a grant of USD 480 million to Sri Lanka at its board meeting held...

IMF says initial Sri Lanka market pressures seem contained

The International Monetary Fund (IMF) said on Tuesday that initial financial market pressures on Sri Lanka appear contained following "horrific" Easter Sunday bomb attacks...

US and Sri Lanka discuss investment opportunities

State Minister of Finance, Eran Wickramaratne, held wide-ranging talks in the US during a just concluded visit, the Foreign Ministry said today. Wickramaratne led the...

Sinopec wins bid to operate tank farm at Hambantota Port

The Hambantota International Port (HIP) recently awarded a tender to Sinopec Fuel Oil Sales Co. Limited for oil trading works and the operation and...

SriLankan Airlines formulates new 5-year Strategic Business Plan

SriLankan Airlines has formulated a new five-year Strategic Business Plan for the period 2019-24 with the objective of transforming itself into a financially viable...

SriLankan Airlines to increase frequencies to Tokyo

SriLankan Airlines, one of the first carriers to fly to Tokyo’s Narita International Airport, is celebrating 35 years of flying to Narita by increasing...

In investments, managing “emotional returns” is key to staying on track

By Alexis Calla Early this year, our investment committee members went on the road to present our 2019 Outlook to our clients across Asia, Africa,...

Sri Lanka to discuss on Draft National Policy on LNG

The Ministry of Highways & Road Development together with Petroleum Resources Development has developed the draft national policy on natural gas with a view...

Concerns raised over price war in tourism sector

Concerns raised over price war in tourism sector saying it could affect the country. Tourism Advisory Committee Chairman Harry cautioned the industry about price undercutting,...

Moody’s says Sri Lanka’s fiscal consolidation plans will be challenging

Moody's says Sri Lanka's fiscal consolidation plans will be challenging without greater policy effectiveness and faster GDP growth. On 5 March, Sri Lanka (B2 stable)...

Moody’s assigns B2 rating to Sri Lanka’s proposed senior unsecured US dollar bonds

Moody's Investors Service ("Moody's") has today assigned a B2 rating to the Government of Sri Lanka's proposed senior unsecured US dollar-denominated bonds. The rating is...

China says facing severe challenges to economy

Chinese Premier Li Keqiang admitted that China faced severe challenges caused by the growing pains of economic transformation, when delivering the government work report...

Hilton plans major expansion in Sri Lanka

Hilton hotels has major expansion plans for Sri Lanka with three Hilton Hotels & Resorts and four DoubleTree by Hilton set to open in...

IMF reaches Staff-Level Agreement on Fifth Review of Sri Lanka’s Extended Fund Facility

The International Monetary Fund (IMF) said that it has reached a Staff-Level Agreement with Sri Lanka on the Fifth Review of Sri Lanka’s Extended...

FATF to visit Sri Lanka in May to review progress

The Financial Action Task Force (FATF), the global policy setter on Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT), has made the initial...

Sri Lanka to build competitiveness by liberalizing economy

Sri Lanka will look to build competitiveness by liberalizing economy where there is excessive controls and costs, Finance Minister Mangala Samarweera said today. He said...

Specific guidelines to be set for tourism development zones

Specific guidelines are to be set for tourism development zones which will be identified by the authorities, the Sri Lanka Tourism Development Authority said...

CBSL takes action on The Finance Company

The Finance Company PLC (TFC), a Finance Company licensed under the Finance  Business Act No. 42 of 2011 (FBA) was severely impacted by the...