First Capital Expects Central Banks to hold its Policy Rates Steady
The Colombo-Based, First Capital Research expects the Central Bank to hold its policy rate steady at the upcoming monetary policy review amidst sweeping measures to insulate the economy. “We believe…
Agriculture
Construction
Environment
Latest News
Local
Mining
SL Business
Sri Lanka
Technology
Trade
President appoints De-Regulation Commission Chaired by Lalith Weeratunga and Krishan Balendra
President Gotabaya Rajapaksa has appointed an 18-member De-Regulation Commission for the Simplification of the Existing Laws and Regulations to spur the growth of the COVID-19 battered economy. The Commission is…
World Bank Forecasts 3.3% economic growth for Sri Lanka in 2021
The World Bank (WB) projects Sri Lanka’s economy to grow by 3.3 percent while expressing concerns over elevated debt distress in the country. The WB in its latest 2021 Global Economic…
Arpico Finance and Associated Motor Finance advances with the proposed merger
Arpico Finance Company PLC (AFC) and Associated Motor Finance Company PLC (AMF) announced the merger of two entities subject to the approval of shareholders and the Colombo Stock Exchange (CSE).…
Protectionism To Rise In 2021 States Attempts To Stimulate Domestic Recovery – Economist
Governments in 2021 are likely to ramp up protectionist economic measures in a bid to stimulate domestic recovery from the COVID-19 pandemic despite the interests of the private sector lying elsewhere, Kathmina…
Buyer of Piramal Glass Ceylon part of Blackstone Group
ICRA India confirmed that Blackstone Group Inc’acqusition of Piramal Group’s Piramal Glass includes its Sri Lankan unit, Pirmal Glass Ceylon PLC. With the announcement of Blackstone Group Inc’acqusition of Piramal…
DIalog Axiata
Equity market
International
Latest News
Local
SL Business
Sri Lanka
Technology
Telecommunication
Dialog Axiata to acquire Hirdaramani’s H One for Rs 300-350 million
Dialog Axiata PLC has reached an agreement to acquire full ownership of Sri Lanka’s largest reseller of Microsoft enterprise solutions (MSFT) , H one from Hirdaramani Group. “The transaction is…
Sri Lanka’s fruit and Vegetable industry enters into MOU with WB’s Agriculture Sector Modernisation Project
The Lanka Fruit and Vegetable Producers, Processors and Exporters Association (LFVPPEA) have entered into a memorandum of understanding (MOU) with the World Bank’s (WB) Agriculture Sector Modernisation Project (ASMP) anticipating…
Sri Lanka targets $2.5 B FDI in 2021
Sri Lanka targets $2.5 billion worth of Foreign Direct Investments (FDI) in 2021 backed by committed investments from Chinese firms. “We are targeting at least $2.5 billion in FDI inflows,…
Agriculture
Construction
Debt
Latest News
Local
Mining
Real-estate
SL Business
Sri Lanka
Tourism
Trade
Transport
Sri Lanka faces worst decline as debt crisis looms
Sri Lanka Tuesday announced its worst economic slump with second-quarter GDP plunging 16.3 percent as international concern grows over its ability to repay foreign debt. The department of Census and…