Sri Lankan shares ended lower yesterday, hurt by losses in industrial and material stocks.

Sri Lanka raised record US $ 652.63 million in US dollar-denominated Sri Lanka Development Bonds (SLDB) at slightly higher yields in one of the largest single issuances that was concluded yesterday, in order to rollover US $ 693.89 million SLDB matur

The Central Bank issued fresh instructions to the banks preventing them from purchasing Sri Lanka-issued International Sovereign Bonds (SLISBs) “until further notice”, ending the month-long stop-gap instructions issued thus far.

The rights issue shares of National Development Bank PLC appear to have created much investor interest, with over 22 million rights being traded on the market since the date of commencement of trading (April 27).

Sri Lankan shares ended higher yesterday, helped by gains in financial and industrial stocks The CSE All-Share Index rose 2.45 percent to close at 7,239.94 points. The index is up about 6.9 percent for the year.

Sri Lanka’s hard-hit tourism sector will require a fresh flow of investments, the Asian Development Bank (ADB) said yesterday, as steering the industry through the pandemic requires renewed efforts in ICT and human resource management.

The Asian Development Bank’s (ADB) flagship annual economic publication, Asian Development Outlook (ADO) 2021, forecasts a significant rebound in Sri Lanka’s economy, as domestic and global economic activity strengthens and vaccination campaigns

The United National Party (UNP) has challenged the statement by Money and Capital Markets and State Enterprise Reforms State Minister Ajith Nivard Cabraal that Sri Lanka was not listed by the Financial Action Task Force (FATF) for money laundering by

People’s Bank showcased its digital baking prowess yet again by completing a mammoth 5,822,504 transactions and dispensing Rs.65.3 billion from April 1 to April 15, 2021.

The Cabinet of Ministers this week approved the proposal to set up a credit guarantee institution to underwrite the loans obtained by micro, small and medium enterprises (MSMEs) when they are unable to provide a security to a bank or a finance compan

Sri Lankan shares ended lower yesterday, dragged by financial and industrial stocks, as a spike in domestic COVID-19 cases dented investor sentiment.

Prime Lands Residencies, the condominium property arm of Prime Group, has announced a first ever-virtual investor forum for its upcoming Initial Public Offering (IPO).

As the prime lending rate touched fresh lows a few times this year, the small business lending rate has also followed suit hitting fresh lows every month in a sign that businesses are now getting the best deal ever from banks when they need more fund

As the three-month suspension on entering into forward rate agreements on foreign currency expired, the Central Bank has issued fresh guidelines to licensed commercial banks specifying the instances they could enter into such agreements, until otherw

Assets under management (AUM) of the unit trusts industry slipped in March although the cumulative gain during the first three months of the year stood above Rs.11 billion.

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) says the proposed implementation of mobile number portability (MNP) by the end of the year is essential as it will help break the ongoing consumer ‘lock-in’ practice adopted by tel

World Bank Country Director for the Maldives, Nepal and Sri Lanka Faris Hadad-Zervos concluded a successful visit to Sri Lanka yesterday, where he reiterated the World Bank’s commitment to support Sri Lanka’s efforts towards recovery and to build

Making further inroads into the highly lucrative fabric manufacturing, Hayleys Fabric PLC last week acquired South Asia Textiles Limited from Ambeon Holdings PLC, for a consideration of Rs.3.95 billion.

The Cabinet of Ministers’ approval has been sought for introducing amendments to the anti-money laundering and countering the financing of terrorism (AML/CFT) laws in the country, to rectify their deficiencies and also to enhance compliance.

Meanwhile, fresh concerns of money laundering resurfaced when former Prime Minister Ranil Wickramasinghe said amendments should be made to the Colombo Port City Economic Zones Special Commission Bill, to prove that the centre created by the bill is n

The International Chamber of Commerce Sri Lanka (ICCSL) in a statement issued yesterday said, “The Port City project will have a significant impact on the economy, in terms of much-needed FDIs to the country, together with the potential new employm

The government has announced a 600-acre addition to the dedicated Pharmaceutical Manufacturing Zone located in the Arabokka estate in Hambantota, under phase two of the project, while the investors are set to secure the land plots under the 400-acre

The Colombo Stock Exchange (CSE) plans to implement a Delivery Versus Payment (DVP) mechanism for equity securities clearing and settlement, in May.

Central Depository Systems (Pvt.) Ltd (CDS), a fully-owned subsidiary of the Colombo Stock Exchange (CSE), has enabled e-IPO applications for the initial public offering (IPO) of Chrissworld Ltd, via the CSE mobile application.

The Central Bank has introduced a number of revisions to its existing laws governing the country’s foreign exchange dealings to facilitate easy passage of foreign currency, with a view to further ease the cross-border transactions and to provide co

Oil prices were broadly steady yesterday with support from a European economic recovery countered by persisting coronavirus concerns as infections surged to record levels in India.

SriLankan Airlines, the flag carrier of Sri Lanka, unveiled its refurbished office located on Sir Baron Jayatilaka Mawatha, Colombo 1.

Coffee drinkers, pet owners and home bakers helped to drive the biggest rise in quarterly sales at Nestle for 10 years, as the world’s biggest food group outshone Danone and set a high bar for Unilever.

The Government of Sri Lanka and World Bank signed a US $ 69.53 million credit agreement to improve dams and irrigation schemes covering 165,000 hectares of agricultural land and improve the management of watersheds and water resources, benefitting 35

SLT-Mobitel, the national telecommunications and mobile services provider, is revolutionising the market with an array of new unlimited any time Internet packages for fixed line and mobile customers, including prepaid and post-paid.