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United States Commits Half Billion Dollars to Port Infrastructure in Colombo

The U.S. International Development Finance Corporation (DFC) today announced it has committed more than half a billion dollars to support the development of a deepwater shipping container terminal in the…

CSE breaks 4-day slump

Colombo Bourse bounced back and settled firmly in green as investors turned optimistic after the State Minister of Finance noted that Sri Lanka and the IMF are finalizing signing the…

Japanese delegation and Sri Lanka’s president discuss resuming stalled development projects 

Minister of State in the Cabinet Office of Japan, FUJIMARU Satoshi, and, former Minister of State for Regional Revitalization and Regulatory ReformYAMAMOTO Kozo, called on President Ranil Wickremesinghe at the Presidential…

Corporate Earnings See First Downturn Since 2020 Amidst Economic Crisis

December (2022) quarter earnings declined by 43.9%YoY to Rs.96.4 billion for 281 listed companies on Colombo Stock Exchange (CSE) owing to sluggish performance primarily in the Capital Goods (-82.6%YoY), Transportation…

Bruised U.S. bank stocks shake off initial SVB contagion fears

(Reuters) – U.S. bank stocks jumped on Tuesday, recovering some ground after the failure of Silicon Valley Bank and Signature Bank triggered heavy selling by investors who were already anxious…

Sri Lanka’s Debt restructuring talks could drag on for a long time despite expected  IMF Support – Fitch Ratings

Fitch Ratings believes Sri Lanka is likely to secure financing support from the IMF after the fund’s Executive Board set a date of 20 March to review the USD2.9 billion…

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.…

Sri Lanka’s Central Bank threatens administrative measures to bring down market rates

(Reuters) – Sri Lanka’s central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with its policy rates and the…

Ceylon Chamber’s National SME Forum 2022 highlights Resilience Measures for SMEs

Digital transformation and innovation that sees opportunity in turbulence in order to attainresilience and growth, were among key themes that were explored at the National SME Forum2022 organised recently by…

ADB projects Sri Lanka’s economy to contract by 7.6% in 2022

Asain Development Bank (ADB) highlighted that Sri Lanka’s economic conditions have deteriorated drastically on a sharp fall in usable reserves, causing the government to suspend external public debt servicing (excluding…