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Finance companies are permitted to lend up to 80% of the value in used motor vehicle purchases

The Central Bank (CB) decided to increase the loan to value ratio (LTV) of licensed finance companies up to 80 percent on auto loans in purchasing used passenger vehicles in…

Asset risk looms over Sri Lankan insurers

Sri Lankan insurers are facing heightened asset risk due to the country’s weaker credit profile and lower national ratings of several state-owned and private institutions, a Fitch Ratings report said.…

Indian mission in Sri Lanka denies Trincomalee oil tanks deal off

The Indian High Commission in Colombo has rejected Sri Lankan energy minister’s claim that the deal between the two countries on the 99 World War II-era Trincomalee oil tanks leased…

Daraz, Dialog, Samsung, Singer, and SLTMobitel Are Most Popular Brands Online in Sri Lanka

Daraz, Dialog, Samsung, Singer, and Mobitel were named among the top five visible brands by internet users in Sri Lanka, according to a survey. The Asia Pacific Institute of Digital…

Property Buyers Are Flocking Back To Residential Property Market – LankaPropertyWeb

Sri Lanka’s leading property portal, LankaPropertyWeb says that there has been an increase in real estate activity by property buyers and sellers since the turn of the year Sri Lanka’s…

Bandwagoning with China: Geopolitics of a container terminal in Sri Lanka

By Asanga Abeyagoonasekera It is rather unusual for trade union leaders to speak geopolitics. “Geopolitics should not be a determinant factor for us to lease our own East Container Terminal…

PUCSL Nod To Award 300MW Kerawalapitiya LNG Power Plant Contract to Lakdhanavi

The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator approved the power purchase agreement to build 300 MW Kerawalapitiya Liquid Natural Gas power plant in Sri Lanka…

Edtech startup Eupheus Learning raises $4.1 million ahead of its plans to expand into Sri Lanka

Ahead of its foreign expansions, India’s Edtech startup Eupheus Learning has raised $4.1 million in a Series B funding round, led by Kuwait-based United Education Company (UEC) and Al Rayan Holding…

Sri Lanka’s food and beverage imports grow by 9 percent in 2020

Sri Lanka’s food and beverage imports grew by nearly 9 percent topping $1.5 billion last year (2020) compared to 2019 despite import restrictions, according to the Central Bank (CB). The…

India Has Its Way On Chinese Projects In North Sri Lanka – Analysis

India has got even with China by bagging the West Container Terminal and making Sri Lanka yield to its security concerns over Chinese power projects in the islands off Jaffna.…