Fitch ratings recalibrates its Sri Lanka rating scale

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Fitch Ratings has recalibrated its Sri Lankan National Rating scale to reflect changes in the relative creditworthiness among Sri Lankan issuers, following Fitch's downgrade...

Sri Lanka slams S&P following downgrade of credit rating

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Sri Lanka today slammed Standard & Poor (S&P) Global Ratings after the country's credit rating was downgraded from B to CCC+. In a statement issued...

US to help economically empower Sri Lankan women

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The United States launched a new LKR 3.6 billion (USD 19.5 million) initiative to help small businesses and economically empower Sri Lankan women. The Private Sector Development...

India’s Finance Minister to speak at Sri Lanka’s economic summit

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Sri Lanka’s foremost economic summit will be inaugurated by the Chief Guest, President Gotabaya Rajapaksa, on the 1st of December 2020. The Summit is themed...

Moody’s says Sri Lanka’s 2021 budget unlikely to significantly boost growth

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Moody’s Investors Service says Sri Lanka's 2021 budget is unlikely to significantly boost growth in the country. On 17 November, Sri Lanka's (Caa1 stable) Prime...

EU raises concerns over import restrictions enforced by Sri Lanka

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The European Union (EU) has raised concerns over the import restrictions enforced by Sri Lanka. The EU said that the import restrictions are having a...

Asia-Pacific countries form world’s largest trading bloc

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Fifteen countries have formed the world's largest trading bloc, covering nearly a third of the global economy. The Regional Comprehensive Economic Partnership (RCEP) is made...

Hambantota Port sees rapid increase in numbers

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The Hambantota International Port’s (HIP) RORO operations in the last 2 months has seen a rapid increase in numbers. This is a direct result of...

UK Trade Minister to work with Sri Lanka to remove trade barriers

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British Minister for International Trade Ranil Jayawardena says he will be working closely with the Government of Sri Lanka on tearing down trade barriers,...

ASPI at CSE exceeds 6000 mark

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The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) exceeded the 6000 mark today. The CSE said this is the second time...