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...

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...

India to provide USD 400 mn to Sri Lanka under SAARC SWAP deal

The Reserve Bank of India (RBI) has agreed to provide USD 400 mn to the Central Bank of Sri Lanka (CBSL) under its SAARC...

Milaha launches Sri Lanka-Bangladesh feeder service

Milaha, a Qatar-based maritime transport and logistics conglomerate, has announced the launch of a direct feeder service between Sri Lanka and Bangladesh.Colombo and Chittagong...

Aegis wins two-year call centre contract from Hutch

Aegis, the business process management (BPM) arm of the diversified Essar Group, has won a contract from Hutch Sri Lanka to provide call centre...

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...

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...

Finance Minister holds discussion with ADB to expedite projects in Sri Lanka

The Minister of Finance and Media Mangala Samaraweera who is attending the 51st Annual meeting of the ADB in Manila had discussions  with Mr. In-Chang Song an...

No dire need of emergency funding says CB

Sri Lanka is in no dire need of emergency funding as the country’s economy fared well in 2015 with reserves on a sound footing,...

Bahrain, Sri Lanka discuss economic relations

Industry, Commerce and Tourism Minister Zayed Al-Zayani today received Minister of Industry and Commerce of Sri Lanka, Risad Badhiutheen, and reviewed topics of joint...

Sri Lanka to promote trade with China’s Guangxi

Sri Lanka is to host a forum this week to promote trade with the Guangxi Zhuang Autonomous Region in China, officials said on Sunday. A...

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...

IMF experts study new draft Bill

Legal experts of the International Monetary Fund (IMF) are still analyzing the contents of the new draft bill on the Inland Revenue Act before...

ADB expects strong growth in Lanka

The Asian Development Bank (ADB) says  Sri Lanka will continue to grow strongly this year while other parts of the region will see softer than...

Lanka eyes 10-20 year sovereign bond issue

Finance Minister Ravi Karunanayake told reporters today that the government is looking at a sovereign bond issue with a tenor of 10 to 20...

Non-tariff measures in Asia-Pacific affecting trade

While applied tariffs in the Asia-Pacific region have halved over the past two decades, the number of non-tariff measures (NTMs) – policy regulations other than...

Loss-making Sri Lankan Airlines aims to break even in 2015/16

Loss-making Sri Lankan Airlines hopes a five-year plan to fly to more profitable destinations and invest in a more fuel-efficient fleet will help it...

Risk-based capital adequacy requirement by CSE

The Colombo Stock Exchange (CSE) is in the process of implementing a Risk-based Capital Adequacy Requirement to all Stockbroker Firms who are Members/Trading Members...

Sri Lanka Economic Summit to focus on key proposals and reforms

The Ceylon Chamber of Commerce will be organizing the country’s foremost economic event, the Sri Lanka Economic Summit (SLES) 2019 on 17-18 September, at...

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...