CBSL: Today Is Not a Bank Holiday Despite Public Holiday
The Central Bank of Sri Lanka (CBSL) issued a statement today clarifying that, although September 23, 2024, is a public holiday, it is.
Industry Analysis
Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.
Finance
Finance
Sri Lanka Reaches ISB Restructuring Deal, Finalises Agreement with China Development Bank
Sri Lanka has reached an agreement in principle to restructure approximately USD 14.2 billion in sovereign debt with International Sovereign Bond (ISB) holders.
- September 20, 2024
Industry Analysis
Sri Lanka-UAE Joint Venture Enhances Graphene Processing Capabilities, Boosts Industry Ties
Inovartic Investment Lanka Ltd., a new joint venture between Sri Lanka’s Apex Asia Holdings and UAE’s Inovartic Investment LLC, is set to advance.
- September 19, 2024
Finance
US Federal Reserve Cuts Rates by 50 Basis Points, Continues Quantitative Tightening
The US Federal Reserve has cut its interest rate by 50 basis points, bringing the target overnight rate to 4.75%-5.00%. Fed Chair Jerome.
- September 19, 2024
Finance
Ceylinco Life Invests Rs. 2 Billion as Anchor Investor in DFCC Bank’s First Green Bond
Ceylinco Life has announced its pioneering investment of Rs. 2 billion as the anchor investor in Sri Lanka’s first-ever Green Bond, issued by.
- September 12, 2024
Tech Industry
Cabinet Approves IT Strategic Plan for Inland Revenue Department to Enhance Digitization
The Cabinet has officially approved the IT Strategic Plan for the Inland Revenue Department, as announced by Cabinet Spokesman and Minister Dr. Bandula.
- September 11, 2024
Industry Analysis
COYLE Unveils Global Platform to Propel Sri Lankan Industries onto the World Stage
The Chamber of Young Lankan Entrepreneurs (COYLE) has launched an ambitious initiative known as the COYLE Global Platform, aimed at empowering Sri Lankan.
- September 11, 2024
Finance
Financial Stability Fund Approved to Strengthen Sri Lanka’s Bank Resolution Framework
The Cabinet of Ministers has approved the establishment of a Financial Stability Fund aimed at strengthening Sri Lanka’s bank resolution framework as part.
- September 11, 2024
Finance
DFCC Bank to Launch Rs 2 Billion Green Bond Issue in Sri Lanka
DFCC Bank PLC in Sri Lanka is set to launch a senior, rated, 3-year green bond issue to raise Rs 2 billion, with.
- September 10, 2024
Finance
FC Forecasts Lending Rates to Stay Between 9-11% for Remainder of 2024
First Capital (FC) anticipates that bank lending rates will remain within the 9-11% range for the rest of 2024 and rise slightly to.
- September 9, 2024