The Asian Development Bank (ADB) would provide a US $ 200 million policy-based loan to support Sri Lanka’s Financial Sector Stability and Reform Programme, Subprogram Two, the Finance Ministry said.

The ASPI closed in green as a result of price gains in counters such as Sampath Bank, Hatton National Bank and Richard Pieris & Company with the turnover crossing Rs. 3.6 Bn.

The Monetary Board of the Central Bank of Sri Lankan (CBSL), at the Monetary Policy meeting held on November 26, 2024, decided to further ease the monetary policy stance and implement the single policy rate mechanism while setting the newly introduce

Sri Lanka’s property market that had been hindered by several challenges including regulatory policies, economic volatility and rising material costs, is expected to well in the coming years, according to the country’s largest real estate develop

Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the launch of its AI-powered assistant through the IdeaBiz platform, providing support for developers, IT teams, and IdeaBiz partners.

Payments for education have become infinitely more convenient and secure following a partnership between the Commercial Bank of Ceylon and MyFees.lk, the leading payment aggregator in Sri Lanka’s education sector.

Delmege Insurance Brokers Ltd has achieved the coveted position of being the highest ranked company in the Overall Insurance Brokering Business according to the Global and local Insurance Outlook 2023 published by the Insurance Regulatory Commission

The Institute of Certified Management Accountants (ICMA) Australia celebrated a milestone Silver Jubilee in Sri Lanka with a ceremony amidst industry leaders, distinguished professionals, and members of the academic community and diplomatic represent

NDB announced its recognition at the 2024 Dragons of Sri Lanka Awards for its outstanding NDB Avurudu Island Campaign, which won the Silver Dragon in the Best Social Media or Word of Mouth Campaign category.

In a significant move to safeguard Sri Lanka’s unique products, the country recently launched its first Geographical Indication (GI) Registry.

The Global Fund for Coral Reefs (GFCR), an investment fund managed by Pegasus Capital Advisors, has announced an investment in Oceanpick, South Asia’s premier oceanic barramundi farm backed by both Best Aquaculture Practices (BAP) and Aquaculture S

SLASSCOM, Sri Lanka’s national chamber for the knowledge and innovation sector, warmly congratulates the National People’s Power led by President Anura Kumara Dissanayake on securing a historical mandate and a majority in the parliamentary electi

Sri Lanka yesterday reached a significant milestone in its debt restructuring agenda with the official launch of the exchange of its outstanding International Sovereign Bonds (ISBs), totalling approximately US$12.55 billion as of November 25, 2024.

The Local Consortium of Sri Lanka (LCSL), comprising domestic commercial banks and financial institutions, announced on Monday its full support for the government’s US$ 12.55 billion International Sovereign Bond (ISB) restructuring plan, which incl

The Steering Committee of the Ad Hoc Group of Sri Lanka Bondholders has expressed support for the restructuring terms covering all 11 series of the country’s US$12.55 billion in outstanding sovereign bonds. Since Sri Lanka’s default in 2022, the

The Ceylon Electricity Board (CEB) yesterday set the record straight regarding a proposed electricity tariff revision, which was rejected by the Public Utilities Commission of Sri Lanka (PUCSL).

Sri Lanka’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regulator, Financial Intelligence Unit (FIU) imposed combined administrative penalties in the tune of Rs. 2.75 million on MCB Bank, Bank of China and Vogue Jewell

Alliance Finance Company, the oldest finance company in Sri Lanka, announced this week that it will raise Rs. 1 billion via redeemable green bonds.

The Ceylon Chamber of Commerce yesterday welcomed the announcement of a staff-level agreement for the third review under the International Monetary Fund (IMF) Extended Fund Facility (EFF) programme for Sri Lanka. “This agreement underscores the pr

Indices closed in green as a result of price gains in counters such as John Keells Holdings, Hatton National Bank and Commercial Bank with the turnover crossing Rs. 1.1 bn.

The secondary market displayed buying interest across the yield curve yesterday, with moderate trading volumes ahead of today’s monetary policy announcement.

The Geneva Association announced the winner of its 2024 Women in Insurance Award: AIA Sri Lanka CEO Chathuri Munaweera.

To be held under theme ‘Shaping Sri Lanka’s Future: Transformational Growth Rooted in Sound Economic Policies’

Reassuring its commitment toward a healthier nation and advocating for an antibiotic-free poultry industry in Sri Lanka, New Anthoney’s Group has signed an official pledge in view of the World Antimicrobial Resistance Awareness Week (WAAW) held fro

The newly appointed Board of Investment (BOI) Chairman Arjuna Herath met recently with Sri Lanka Shippers Council (SLSC) Chairman Sean Van Dort and Yohan Lawrence and Taiyoob Ahamed, representing the Joint Apparel Association Forum (JAAF), to discuss

Aitken Spence Travels (Pvt.) Ltd won as the most sustainable tour operator/DMC at Sustainability Awards 2024, organised by the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka), in collaboration with the Friedrich Naumann Founda

As the holiday season approaches, LOLC Finance unveiled its exclusive December credit card promotions, thoughtfully designed to enhance every shopping experience.

As global cigarette volumes take a pummelling due to increased consciousness on health and costs, vapour products, more commonly known as e-cigarettes, have grown in popularity in many markets as a safer and perhaps a more reduced risk alternative. E

In this instalment, we explore the added benefits of being a shareholder, balance between risk and return in investments and insights that guide wise investors toward making informed decisions.