No request from Sri Lanka for IMF funding

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By Easwaran Rutnam  The International Monetary Fund (IMF) says Sri Lanka has not made any request for financial support.  IMF’s Mission Chief for Sri Lanka Masahiro...

UK announces plan to boost overseas trade

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The government has announced plans to boost the UK's annual exports to £1 trillion by the end of the decade.The Made in the UK,...

Company owned by Indian billionaire acquires Sri Lankan brand amanté

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A company owned by Indian billionaire Mukesh Ambani has acquired the Sri Lankan brand amanté from MAS Holdings.MAS Holdings announced that one of its...

Moody’s downgrades Sri Lanka’s rating to Caa2

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Moody's Investors Service today downgraded the Government of Sri Lanka's long-term foreign currency issuer and senior unsecured debt ratings to Caa2 from Caa1. This concludes...

CSE ASPI crosses 10,000 points for the first time

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The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE ) crossed the 10,000 points level today for the first time in...

Extensive investment promotion activities in China for Hambantota Port’s Industrial Park 

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A comprehensive promotional plan has been put in place by the Hambantota International Port Group (HIPG) to position the Port and its industrial zone...

Sri Lanka joins Kenya, Nigeria, Pakistan in refusing to sign global tax deal

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Sri Lanka has joined Kenya, Nigeria and Pakistan in refusing to sign a global tax deal.The Organisation for Economic Co-operation and Development said that...

World Bank says Sri Lanka projected to grow by 3.3 percent

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Sri Lanka’s economy is projected to grow by 3.3 percent in 2021, but the medium-term outlook is clouded by pre-existing macroeconomic weaknesses and the...

Businessman involved in Colombo Port deal now Asia’s second richest

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Indian businessman Gautam Adani, who just recently signed a deal with the Colombo Port, is now Asia's second richest man.Research company Hurun India said...

Moody’s says Sri Lanka’s foreign exchange reserves are still low

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Moody's Investors Service says Sri Lanka's foreign exchange reserves are still low.In a report today, Moody's said that on 10 September, Sri Lanka...