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Sri Lanka’s foreign exchange reserves are still low, a credit negative

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Moody’s Investors Service - On 10 September, Sri Lanka (Caa1 review for downgrade) published details of its foreign currency (FX) reserves position1, which was nearly $3 billion as...

Sri Lankan FLCs Face Challenges Beyond the Covid-19 Pandemic

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Fitch Ratings: Restrictions on vehicle importation will continue to constrain growth prospects of Sri Lankan finance and leasing companies (FLCs), dampening prospects for the sector's...

CSE implements a new OTC Platform to conduct REPO Transactions on Debt Securities

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The Colombo Stock Exchange (CSE) announces the introduction of a new Over the Counter (OTC) Platform to facilitate the Repurchase (REPO) Transactions on Corporate...

Colombo Stock Exchange Commences Executive Program with University Canada West

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The Executive Program, launched by the Colombo Stock Exchange (CSE) and University Canada West (UCW) is set to commence on 27th, September 2021. The...

SLEA webinar on ‘economic recovery’ on 16 Sept.

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The Sri Lanka Economic Association (SLEA) will hold a webinar on ‘Road to Sri Lanka’s Economic Recovery, 2021-2026’, on 16 September from 5 to...

Sri Lanka attracts close to $0.5 billion in investment

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The Board of Investment of Sri Lanka (BOI) has managed to secure around $ 461 million foreign direct investment (FDI) and local investment so...

NCE highlights need to develop and sustain coconut-based products to USA

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The National Chamber of Exporters(NCE) of Sri Lanka, addressing numerous issues faced by its members, instigated a series of webinars under the theme ‘Grow...

Fresh import limitations imposed on 623 goods

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The Central Bank of Sri Lanka (CBSL) yesterday (9) imposed a 100% cash margin requirement against the importation of 623 selected goods, which according...

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Lankan Angel Network & Angel Fund Appoint First Female Chairperson

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The Lankan Angel Network (LAN), the country’s largest network of angel investors, has appointed Chandi Dharmaratne as its Chairperson for 2021/2022, at its most...

Chinese visitors fascinated by Sri Lanka at the China International Tourism Industry Exposition

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The Consulate General of Sri Lanka in Guangzhou participated with Guangdong Scenery International Travel Agency in the China (Guangdong) International Tourism Industry Exposition (CITIE)...

Watawala Plantations re-affirms their persistent drive towards sustainable agriculture in Sri Lanka

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Affirming their deep-rooted commitment to sustainability, Sri Lanka’s leading diversified agribusiness company Watawala Plantations PLC (WPL), is strongly pushing for change within the industry...