Moody’s assigns B1 rating to Sri Lanka’s global bond offering

Moody's Investors Service ("Moody's") has assigned a B1 rating to the Government of Sri Lanka's US dollar bond offering maturing in 2027. The outlook...

Westports keen to participate in Lankan project

Westports Holdings Bhd has confirmed that it is keen to participate in the Hayleys PLC-led consortium bidding to complete the construction of Colombo Port’s...

China may put South Asia on road to debt trap

China’s grandiose global connectivity initiative -- One Belt One Road (OBOR) or Belt& Road Initiative (linking China with Europe via SE Asia & C...

Foreign investors show keen interest

Sri Lanka's stock market, the Colombo Stock Exchange (CSE), has garnered a keen interest among foreign institutional investors, with a surge in foreign activity...

CSE seeks views on Listing Rules of the CSE

The Colombo Stock Exchange (CSE) seeks to obtain the views/observations of the general public and the stakeholders of the CSE, including Listed Companies, regarding...

Payment gateway provider to enter Sri Lanka

Razorpay, a payment gateway solution provider focused on online merchants, plans to go international. It is looking to enter South East Asia and West...

SilkAir Launches Flights to Colombo, Sri Lanka

SilkAir has launched thrice-weekly flights to Colombo, Sri Lanka. The flights to Colombo are scheduled on Wednesdays, Thursdays and Saturdays. The flights will be operated with...

Hilton signs landmark deal

Hilton (HLT) signed six management agreements with Melwa Hotels and Resorts Private Limited to manage three Hilton Hotels and Resorts and three DoubleTree by Hilton properties...

CICT tops 2 million performance in Colombo

Colombo International Container Terminals Limited (CICT), part of China Merchants Port Holdings Company Limited, achieved a breakthrough of 2 million TEUs in 2016. China Merchants...

Sri Lanka to woo Aussie, Kiwi investors

The Colombo Stock Exchange (CSE), in association with the Securities and Exchange Commission of Sri Lanka (SEC)and the Sri Lankan High Commission in Australia...

Metal/Alloy of 1, 5 Rupee coins change

The Central Bank of Sri Lanka says a new set of circulation coins of Rupee 1 and Rupees 5 will be issued to circulation after...

New Zealand business delegation in Sri Lanka

COLOMBO, March 6 (Xinhua) -- A New Zealand business delegation arrived in Sri Lanka on Monday to further strengthen business links between the two...

Drought-related costs add to Sri Lanka’s challenges

Sri Lanka’s ambitious 2017 fiscal deficit target will be even more challenging to achieve as a result of the drough related costs, the Moody's ratings...

Norwegian pension fund doubles investment in Lanka

Norwegian Government Pension Fund has more than doubled its investment in Sri Lanka by end of 2016, the Norwegian Embassy in Colombo said today. The...

Srilankan Airlines takes delivery of its first A320neo

Srilankan Airlines has taken delivery of its first A320neo on lease from Air Lease Corporation (NYSE: AL), making the airline the latest operator of...

Carlsberg FY16 results hit by Sri Lanka floods

Carlsberg Brewery Malaysia Bhd’s net profit for the fourth quarter ended Dec 31, 2016 fell 36.81% to RM47.07 million from RM74.48 million a year...

Sri Lanka seeks support to improve export market

The Government today said that it needs to improve Sri Lanka's exports by tapping new markets. Minister of International Trade Malik Samarawickrama told Parliament that Sri...

South Asian Stock Exchanges to meet in Colombo

The Colombo Stock Exchange (CSE) will host the Executive Committee Board Meeting for the current term of the South Asian Federation of Exchanges (SAFE)...

Sri Lanka to strengthen cooperation with EU bank

Sri Lanka is to strengthen cooperation with the  European Investment Bank, the bank said in a statement today. The European Investment Bank is to provide EUR...

Hayleys to build mega Twin Towers

The Hayleys group, Sri Lanka’s most diversified conglomerate and pioneer in value added exports, yesterday announced its latest venture, the ‘World Export Centre’, a...