President Ranil Wickremesinghe has addressed concerns regarding the progress of IMF discussions and upcoming elections, stating that certain platforms with non-political intentions are making claims about these matters. Speaking at the opening of the Theldeniya courts complex, he emphasized that discussions with private creditors are progressing positively, despite some individuals spreading rumors of their failure

The Colombo Stock Exchange experienced a downturn on Wednesday, as reflected in data on its website. The broader All Share Index closed down by 0.55 percent, or 67.69 points, settling at 12,291, while the S&P SL20 Index closed down by 0.94 percent, or 34.57 points, ending at 3,636. Turnover for the day amounted to 3.2

Sri Lanka’s Browns Investments has announced its agreement to acquire Lipton tea companies in Kenya, Tanzania, and Rwanda from their UK and Netherlands-based parent companies. The purchase will be facilitated through UAE-based B Commodities ME FZE, a subsidiary of Browns Investments, as per the sales and purchase agreement (SPA) with Ekaterra Holdco UK Limited and

The Colombo Stock Exchange experienced a downturn on Monday, with the All Share Index declining by 0.23 percent and the S&P SL20 Index falling by 0.65 percent. Market turnover was lower compared to the previous week, totaling 2.1 billion. Analysts attributed the market movement to profit-taking activities ahead of upcoming elections and discussions on debt

Fitch Ratings has affirmed UB Finance PLC’s National Long-Term Rating at ‘BB(lka)’ with a stable outlook. The rating reflects expectations of strong support from Union Bank of Colombo PLC (UB), which owns a significant stake in UB Finance. However, the rating is tempered by UB Finance’s relative size and its limited importance within the UB