Sri Lankan Banks and Bank of China Explore Offshore Banking Opportunities in Colombo Port City
Nine Sri Lankan banks, along with the Bank of China, have shown interest in establishing branches within the Colombo Port City, according to
Finance
Business
John Keells Holdings Completes Delisting of Luxembourg GDR Programme
John Keells Holdings has announced the successful completion of the delisting of its Global Depositary Receipt (GDR) programme from the Luxembourg Stock Exchange.
Personal Finance
Maliban Group Appoints Kumudika Fernando as New Chairperson
The Maliban Group has announced a major leadership transition, with A.G. Kumudika Fernando being appointed as the new Chairperson, effective August 15, 2024.
Economics
National Consumer Prices Rise Slightly to 2.5% in July; Central Bank Confident in Controlling Inflation
National consumer prices in Sri Lanka saw a slight increase in July, rising by 2.5% compared to the same month last year. This
Economics
CEB Utilizes Rs. 93 Billion Profit to Settle Power Project Debts: Minister Wijesekera
Power and Energy Minister Kanchana Wijesekera announced yesterday that the Ceylon Electricity Board (CEB) used its net profit of Rs. 93 billion, registered
Politics
Sri Lanka Achieves $8 Billion in Export Revenue and Secures $800 Million in Investments in First Half of 2024
Sri Lanka has made significant strides in its economic development, securing $8 billion in export revenue during the first half of 2024. In
Finance
CSE and South Eastern University Partner to Boost Financial Literacy Among Undergraduates
The Colombo Stock Exchange (CSE) and South Eastern University of Sri Lanka (SEUSL) have formalized a partnership through a Memorandum of Understanding (MoU)
Investing
Sri Lanka Secures US$ 71.53 Million in Tourism Investments for 2024
Sri Lanka’s tourism sector has attracted US$ 71.53 million in investment proposals up to August 16th this year, according to the latest data
Bond Yields
Sri Lankan Rupee Opens Weaker at 299.80/300.20 Against US Dollar; Stocks Edge Higher
Sri Lanka’s rupee opened weaker on Wednesday, trading at 299.80/300.20 against the US dollar, according to market dealers. The rupee had closed at
Finance
Hatton National Bank’s Rs. 12 Billion Debenture Issue Oversubscribed
Hatton National Bank PLC (HNB) has announced the successful oversubscription of its debenture issue aimed at raising Rs. 12 billion. The bank offered