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Month: February 2023

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  • CSE extends the bullish run amidst active participation

CSE extends the bullish run amidst active participation

The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) extended the positive sentiment for the fourth consecutive day as investors continued to actively participate in the market.…

Australia Keen to Invest in Sri Lanka’s Mining, Energy and Agriculture Sectors

With Australian companies increasingly eager to explore investment opportunities in Sri Lanka, tradeand investment promotion and facilitation activities can play a vital role in fast-tracking foreign directinvestment, High Commissioner for…

COVID-19’s Impact on Young People Risks a Lost Generation

 The COVID-19 pandemic caused a massive collapse in human capital at critical moments in the life cycle, derailing development for millions of children and young people in low- and middle-income…

PrimeGlobal adds member firm in China and debuts in Sri Lanka

Global professional services association PrimeGlobal has in recent months welcomed two new member firms in Asia: Pengsheng in China, and Ranwatta & Co in Sri Lanka. Headquartered in Southern China…

Tourism earnings jump by 6.7% to $161.8M in January

Sri Lanka’s tourism earning rose by 6.7% Year-on-Year to $161.8 million in January this year compared to $151.7 million recorded a year ago, according to the Central Bank of Sri…

Locally assembled Hyundai Grand i10 hit the roads in Sri Lanka

The Hyundai Grand i10 car, assembled for the first time in Sri Lanka was launched at the Colombo City Centre yesterday (10) under the patronage of President Ranil Wickremesinghe. The…

Steps underway to establish a National Policy Commission for planning, implementing, monitoring and reviewing national policies and strategies

A discussion pertaining to the concept paper related to the proposed establishment of the National Policy Commission for the purpose of planning, implementing, monitoring and reviewing national policies and strategies…

American Clean Energy Solutions invests $150M in Ground-Mounted Solar Power Project in Nilaveli

Sri Lanka has recently awarded the American Clean Energy Solutions Inc. based in Ontario,Canada to develop 100 Megawatts solar power project on Sri Lanka Broadcasting Corporation (SLBC) land in Nilaweli,…

Sri Lanka bondholders ready for debt restructuring negotiations consistent with the IMF Programme

 A group of Sri Lanka’s sovereign USD-denominated Bondholders of is ready to hold debt restructuring negotiations with Sri Lankan authorities consistent with the International Monetary Fund’s (IMF) program. “The Bondholder…

Sri Lank’s trade deficit hits a 12-year low in 2022

The deficit in the trade account in 2022 narrowed to the lowest level since 2010 to $ 5,185 million, from $8,139 million recorded in 2021. Earnings from exports in 2022…