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Saudi Fund for Development looking to provide credit facilities for Lankan...
The Saudi Fund for Development is looking to provide credit facilities for Sri Lankan firms to import raw materials from Saudi Arabia. Accordingly, Lankan Importers importing fertilizer, plastic raw...
View ArticleAppointment of A New Deputy Governor
The Monetary Board, with the concurrence of the Hon. Minister of Finance, has promoted Assistant Governor, Mr. K D Ranasinghe to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with...
View ArticleSri Lankan shares end at 1-wk low on profit-taking
Reuters – Sri Lankan shares fell to a one-week closing low on Tuesday on profit-booking in blue-chip shares such as John Keells Holdings Plc while investors assessed the impact of the recent floods on...
View ArticleUSD 318 Mn Indian Credit Line for Railway Sector
An agreement to provide a credit line of USD 318 million for the development of the railway sector was signed between the Ministry of Finance of Sri Lanka and the EXIM Bank of India. The Loan...
View ArticleThailand officially calls for Strategic Economic Partnership with SL
Sri Lanka and Thailand has come to a consensus on a Trade in Goods FTA as the first step before a comprehensive FTA that follows. Thailand has proposed an MOU on Strategic Economic Partnership (SEP)...
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Fitch: Basel III Increases Capital Pressure for Sri Lankan Banks
Sri Lankan banks are likely to come under increased capital pressure from Basel III-related requirements that take full effect at the start of 2019, Fitch Ratings says. We expect most banks will have...
View ArticleSri Lankan shares at 1-week closing low; foreign inflows cap losses
Reuters – Sri Lankan shares ended down for a fourth consecutive session on Wednesday, and hit their lowest close in more than a week, due to profit-booking in large-cap shares such as Ceylon Tobacco...
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Unimo Enterprises Unveils the “Bezza”, Perodua’s First EEV Sedan
Unimo Enterprises Ltd, a fully-owned subsidiary of United Motors Lanka PLC and the authorized distributor for Perodua vehicles in Sri Lanka unveiled the latest addition to its family of technologically...
View ArticleOil stabilizes after steep falls, but supply glut prevails
Oil prices stabilized on Friday following steep falls earlier this week, but they were still pressured by evidence of an ongoing fuel glut despite efforts led by OPEC to tighten the market by holding...
View ArticleScarcity Of Role Models Deter Progress Of Sri Lankan Women
Chairperson of SANASA Development Bank Mrs. Samadanie Kiriwandeniya In a recent address, Chairperson of SANASA Development Bank Mrs. Samadanie Kiriwandeniya drew attention to the obstacles faced by...
View ArticleCDB tops Rs 1 Bn net profits for 2nd year in a row
Citizens Development Business Finance PLC (CDB) crossed the Rs 1Bn milestone in After Tax Profit for the second consecutive year in the FY 2016/17, despite an increasingly competitive and volatile...
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Rainco hosts its first ever Dealer Convention ‘Rainco Revolution’
Key Dealers’ Loyalty programrecognizes 21 high fliers, rewards them with foreign tour Rainco (Pvt.) Ltd., leading manufacturer of umbrellas, rainwear and diverse merchandise, recently held its first...
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Watawala Tea Ceylon celebrates Watawala Tea becoming the No 1 brand
Watawala Tea Ceylon Ltd, a member of the Sunshine holdings group celebrated its outstanding achievements for the last year with a gala event on the 21st of April 2017 at the Grand Ballroom of the...
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Commercial Bank hosts seminars for SMEs in Polonnaruwa and Gampaha
An on-going initiative of Commercial Bank of Ceylon to develop entrepreneurship in the SME sector benefitted 341 entrepreneurs in the Polonnaruwa and Gampaha areas, the majority of them women. The...
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Emirates partners with BMW Group for its new fleet of Chauffeur-drive cars
Emirates has partnered with BMW Group to provide a fleet of luxury automobiles for its complimentary Chauffeur-drive service for Business Class passengers in the UAE. The new fleet, featuring BMW 520i...
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Sirocco Air Technologies gears up for next phase of innovation
Sirocco Air Technologies, Sri Lanka’s most experienced ventilation solutions provider, is preparing for its next phase of growth by building strategic partnerships with its principals in Spain, Italy,...
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Astounding discounts at stunning Laya Waves, Kalkudah in June 2017
Experience the pristine, virtually untouched sands of Kalkudah, (next door to Pasikudah), with a two-night stay at Laya Waves during the month of June 2017, and enjoy 20% off on the second night!...
View ArticleUSD 20,000 from Korean Company for Sri Lanka
SK Energy and Service Company contributed USD 20,000 to Sri Lanka to assist the victims of recent flood and landslides.
View ArticleADB provides USD 2 million for disaster relief efforts
The Asian Development Bank (ADB) has agreed to provide USD 2 million for disaster relief efforts in Sri Lanka. An agreement in this regard was signed at the Ministry of Finance today (9th June) by Dr....
View ArticleSri Lankan shares snap four sessions of falls
Reuters – Sri Lankan shares closed slightly firmer on Friday, snapping four straight sessions of falls, on foreign investor buying in select stocks. Analysts said investors are waiting to see the real...
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