Central Bank names 2020 the year of digital transactions in Sri Lanka
The Central Bank of Sri Lanka (CBSL) has named the year 2020 as the year of digital transactions in Sri…
Category: Business News
Disclosure statement on Lanka IOC by Fitch Ratings
Fitch Ratings, making a disclosure in response to market enquiries about ratings of LIOC, said that they did not provide…
Coronavirus May Cut Chinese Demand, Diamond Companies See Better Times
Images of empty commercial streets and shopping malls in China fill the news as the coronavirus spreads throughout the country.…
Aitken Spence revenue grows 3.3% to Rs. 43.8 bn
Leading conglomerate Aitken Spence PLC remained resilient during a difficult period through its diversity of investments in eight countries, thereby…
Recent developments in Sri Lanka hydropower sector credit positive – ICRA Lanka
ICRA Lanka, a group company of Moody’s Investor Services says recent developments in Sri Lanka’s hydropower sector to be credit…
U.S. FY 2021 budget requests $ 39.2 million to support Sri Lanka’s economic development
The United States Department of State’s FY 2021 budget requests a total of US$ 39.2 million under the Economic Support…
Frictionless trade with the EU will end in 2020
The government has told businesses frictionless trade with the EU will end this year with the introduction of import checks…
Sri Lanka may start talks on a new IMF deal ‘later on’: CB Governor
Sri Lanka may start talks with the International Monetary Fund for a new program, Central Bank Governor W D Lakshman…
Negative rating stances on Sri Lanka worrying, but will improve with next budgetary cycle: CB Governor
Cuts by rating agencies in the outlook of Sri Lanka’s sovereign rating to negative in 2019 was worrying but ratings…
Sri Lanka licensed banks to provide special credit support for eligible SME borrowers
Licensed commercial banks and licensed specialized banks have agreed to provide a special Credit Support Scheme to eligible Small and…