Ambeon Capital Secures $18 Million Foreign Loan from UK Firm
Ambeon Capital PLC has announced its decision to secure a loan of up to $18 million from AMCH Ltd., a company incorporated in.
Finance
Business
Seylan Bank’s Net Profit Surges 90% in Q4 2024 Amid ISB Restructuring
Sri Lanka’s Seylan Bank PLC reported a 90% increase in net profits, reaching 3.51 billion rupees in Q4 2024, driven by a reversal.
- February 28, 2025
Economics
Treasury Secretary Emphasizes Debt Restructuring as Key to Fiscal and Macroeconomic Stability
Treasury Secretary Mahinda Siriwardana emphasized that Sri Lanka’s debt restructuring program is pivotal for restoring fiscal and macroeconomic stability. Speaking on the topic.
- January 7, 2025
Economics
Fitch Upgrades Sri Lanka to ‘CCC+’, Reflecting Debt Restructuring Progress and Economic Recovery
Fitch Ratings has upgraded Sri Lanka’s long-term foreign-currency issuer default rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default), marking a significant milestone in.
- December 23, 2024
Politics
Opposition Leader Demands Clarity on IMF Agreement and Debt Restructuring
Opposition Leader Sajith Premadasa raised critical concerns in Parliament about the Government’s handling of the debt restructuring process and its adherence to the.
- December 18, 2024
Stock Market
All-Time High Colombo Stock Market Gathers More Momentum
The Colombo stock market continued its record-breaking momentum yesterday, as investors remained bullish, driving both indices to new highs. The benchmark ASPI rose.
- December 17, 2024
Economics
CPC Reports Profit Decline Amid Falling Oil Import Costs
Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) has reported a steep decline in profits for the first half of 2024, with net earnings.
- November 4, 2024
Politics
Govt Should Update Public on IMF Talks: Former President Wickremesinghe
Former President and United National Party (UNP) leader Ranil Wickremesinghe has urged the government to update the public in the coming days on.
- October 30, 2024
Economics
IMF Engages in Talks with Sri Lanka for Program Review to Advance Economic Recovery
The International Monetary Fund (IMF) is actively engaging with Sri Lanka’s new administration to discuss priorities as it works toward the next review.
- October 25, 2024
Economics
World Bank Projects 4.4% Growth for Sri Lanka in 2024
Sri Lanka’s economy is on the path to recovery, with the World Bank projecting a growth rate of 4.4% for 2024, surpassing previous.
- October 11, 2024