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Sri Lanka’s FX reserves hit a new low of $ 4.02 billion in May

Sri Lanka’s gross official foreign exchange reserves tumbled to $ 4.02 billion at end of May from $4.5 billion a month ago as the country faces $3.5 billion external debt…

CSE envisages transforming to a multi-product securities exchange before 2025

The 35-year-old Colombo Stock Exchange (CSE) set eyes to take a quantum leap – towards a much more comprehensive and multi-product securities exchange before 2025 in catching up with lost…

Sri Lanka Prepares to launch its first official Tourism ‘Travel App’ to Assure post-COVID travelers with Unique Experiences

Sri Lanka is preparing to launch its first official Tourism ‘Travel App’ with the assistance of WorldBank and Asian Development Bank with a focus on enhancing the visitor experience and improving the…

United States Airlifts Emergency Supplies to Help Sri Lanka Combat Covid-19 Surge

The United States continues to stand with the people of Sri Lanka in the battle against the COVID-19 surge.  Yesterday, U.S. Embassy Charge d’Affaires Martin Kelly and Secretary to the…

Potential Russian Nuclear Power Plant In Sri Lanka Not On SPIEF Agenda

(UrduPoint News / Sputnik) The prospective plans for Russia to develop a nuclear power plant for Sri Lanka are not part of the agenda of this year’s St. Petersburg International Economic Forum (SPIEF), Sri Lankan State Minister of Money and…

CCC Partners with Australia’s Market Development Facility to promote inclusive and sustainable private sector-led growth

The Ceylon Chamber of Commerce (CCC) recently entered into an MOU with Market Development Facility (MDF), Australia’s flagship private sector development program, to support the private sector in innovating to…

Fitch Ratings Expects IMF Board to Approve Proposed SDR allocation in August

Fitch expects the new general special drawing rights (SDR) allocation to be approved by the IMF’s board of governors, likely in August. The move will raise foreign exchange reserves for…

Delhi-Colombo-Beijing triangle undergoes another shift

By Professor Harsh V Pant Chinese Defence Minister Gen. Wei Fenghe was in Sri Lanka last week seeking to shore up support for Chinese projects at a time when new…

New Investor to soon acquire Breadtalk’s Sri Lankan franchisee

RIL Properties PLC is progressing with negotiations with a potential investor to dispose of its entire stake in FoodBuzz (Private) Limited which owns franchise rights of BreadTalk in Sri Lanka. The…

Sri Lanka To Sue Singapore Ship Owners Over Marine Pollution

AFP:Sri Lankan authorities Sunday said they will sue the owners of a Singapore-registered cargo carrier which has burned for 11 straight days off the island’s west coast and caused some…