Sri Lanka key market for Indian exports

Sri Lanka, Nepal and Bangladesh have emerged as the major destinations for India's engineering exports together accounting for a sizeable chunk of $5.17 billion,...

Zuckerberg unveils 10-year plan for FB

Facebook CEO Mark Zuckerberg laid out a 10-year plan to connect the world that sounded as much like a political cause as a grab...

Zambian Government woos Sri Lankan investors

Zambia has urged Sri Lankan business executives to take advantage of the investment opportunities in the Multi Facility Economic Zones (MFEZs) in the country,...

Shares end flat; LOLC helps erase early losses

Sri Lankan shares ended steady on Monday, with big gains in Lanka Orix Leasing Company Plc erasing early losses as concerns over macroeconomic stability...

HSBC ceases Primary Dealership with CB

Mar 31, 2016 (LBO) – Sri Lanka’s Central Bank said in a statement that the Hongkong and Shanghai Banking Corporation (HSBC) will cease to...

Hero acquires 60% stake in Lankan company

Hero Cycles India’s largest bicycle manufacturer has picked up 60 per cent stake in Sri Lanka’s BSH Ventures Pvt Ltd. which has a license...

Government looks to maintain policy consistency

Sri Lanka will strive to tighten its belt and maintain policy consistency to improve its debt rating and help make capital Colombo a global...

US, Sri Lanka expand economic partnership

Representatives from the Millennium Challenge Corporation (MCC), an independent U.S. development agency, are visiting Sri Lanka this week to begin a partnership to overcome...

S&P cuts Sri Lanka outlook to negative on funding pressures

Standard & Poor’s cut Sri Lanka’s outlook to negative from stable citing worsening external and fiscal indicators, less than two weeks after Fitch Ratings...

Cathay says Sri Lanka traffic strong

Cathay Pacific Airways (0293) said today that performance of India routes was “satisfactory’’ last year, while passenger traffic to Colombo in Sri Lanka “grew...

Moody’s assigns B1 Issuer ratings to Sampath Bank

Moody's Investors Service, ("Moody's") has assigned an issuer and long term local currency deposit rating of B1 to Sampath Bank PLC and short-term ratings of...

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...

IMF puts conditions to decide on Lanka’s request

The International Monetary Fund (IMF) says approving Sri Lanka's request for fresh funding will depend on some key conditions. Gerry Rice, Director at the IMF...

Hakeem seeks the support of Turkish Airlines

Minister of City Planning and Water Supply Rauff Hakeem who is on an official visit to Turkey met with the Deputy Chairman and CEO of...

IMF tells Lanka to bolster its economic defenses

The International Monetary Fund (IMF) today emphasized on the urgent need for Sri Lanka to bolster its economic defenses. An IMF staff mission visited Colombo February...

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 takes stake in Google balloon Internet venture

Sri Lanka's government announced Monday it would take a 25 percent stake in a joint venture with Google designed to deliver a high-speed Internet...

Sri Lanka looks for investments from China

The Sri Lankan government said that it has ratified agreements that will help secure investments from rapidly growing China and India. Sri Lanka’s Foreign Minister...

UAE, Lanka promote MEASA investments

Essa Kazim, governor of Dubai International Financial Centre, or DIFC, welcomed a high-profile Sri Lankan delegation led by Finance Minister, Ravi Karunanayake. The discussions...

Duty changes hit growth in Maruti’s exports to Sri Lanka

Maruti Suzuki’s exports to Sri Lanka, the biggest foreign market for it last year, are losing pace, thanks to an increase in import duty...