Sri Lanka raises US$2.0bn from sovereign bonds

Sri Lanka has raised 2.0 billion US dollars from 5 and 10 year sovereign bonds issued yesterday, the Central Bank of Sri Lanka said...

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...

SLTPB digital campaign bears fruit

The Sri Lanka Tourism Promotion Bureau (SLTPB) is evaluating the impact of its digital campaign launched recently in the UK and France. The evaluation...

Moody’s says Sri Lanka faces stiff challenges to refinance large debt

Moody's Investors Service says that Sri Lanka (B2 stable) faces numerous domestic and external obstacles that will pose challenges to the Government's ability to...

Hambantota Port confident of losing white elephant tag

The Hambantota Port, which was once labelled as a "white elephant" project is confident of making big gains in the months to come. Hambantota International...

US Trade Representative to brief Sri Lankan exporters

The Ceylon Chamber will be organizing an awareness session on “Exporting to the United States under the Generalized System of Preferences: New Trends and...

China seeks to work with Sri Lanka against trade bullying

China says it is ready to work with all countries, including Sri Lanka, to firmly oppose trade bullying, safeguard and promote the building of...

World Bank warns political uncertainty could harm Sri Lanka

The World Bank has warned of a negative impact on Sri Lanka from the rise in political uncertainty. In addition, the bank also...

Business community concerned violence may occur again

The business community in Sri Lanka have raised concerns violence may break out in the country again. In a letter to Defence Secretary General S...

Sri Lankan Start-ups introduced in Singapore

Singapore -Sri Lanka Business Association in collaboration with Sri Lanka High Commission in Singapore launched the first session of its investor series 2019 under the theme: “connecting...

Chinese urged to invest more in Sri Lanka

Chinese nationals have been urged to visit Sri Lanka and also invest more in the country. On the invitation of the Fujian Provincial People’s Government,...

Korea Eximbank to conduct feasibility study on Sri Lanka project

Korea Eximbank to conduct a feasibility study to establish a land data infrastructure and land information service system in Sri Lanka. Recognizing the importance of...

Huawei assures Sri Lankan customers after Google suspends deal

Chinese mobile phone manufacturer Huawei today assured Sri Lankan customers of it continuous support for present, existing Huawei smartphones in the market after Google...

Mitigating risk of world turning Japanese

By Nicolas Rigois and Steve Brice The collapse of Japan’s Nikkei stock index from almost 39,000 in 1989 to 8,000 in 2008 has been well...

IMF approves extension to Sri Lanka, releases US$ 164.1 million

The Executive Board of the International Monetary Fund (IMF) has completed the Fifth Review of Sri Lanka’s economic performance under the program supported by...

IMF to extend Sri Lanka program till June 2020

The International Monetary Fund says it hopes to extend the funding program with Sri Lanka till June 2020. IMF Director at the Communications Department, Gerry...

Ircon wins rail contract in Sri Lanka

IRCON International Ltd has bagged an international railway contract worth $91.27 million ( around ₹635 crore) from Sri Lanka Railways under the Ministry of Transport...

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...