Sri Lanka among four countries most vulnerable to an exchange rate crisis in the next 12 months – Nomura
Sri Lanka along with Egypt, Romania, Turkey are vulnerable to an exchange rate crisis in the next 12 months, according to Nomura’s early warning indicator of exchange rate crises, Damocles.…
Sri Lanka Receives another $100M from Bangladesh Bank under the currency swap facility
(The Daily Star): Bangladesh Bank has lent $100 million more to Sri Lanka to help the island nation stay afloat tackling a foreign exchange crisis. The fund was transferred from…
Mahinda Samarasinghe to assume duties as the new Sri Lanka’s Ambassador to the United States and Mexico on 29th of November
Former Sri Lanka Podujana Peramuna (SLPP) Kalutara District parliamentarian and Former Minister Mahinda Samarasinghe is scheduled to take up the post of Ambassador of Sri Lanka to the United States…
Stax Secures strategic investment from US-based Blue Point Capital Partners
Stax Inc, an analytically-driven global M&A strategy consulting firm management consultancy with offices in Sri Lanka and the United States secured a strategic investment from a US-based private equity firm, Blue…
First Capital, Vallibel Power, and Laxapana Batteries emerges as the strongest dividend-paying Sri Lankan stocks
First Capital Holdings has emerged as the strongest dividend yield stock among listed entities on Colombo Stock Exchange (CSE) for the one-year period ending on the 30th of June this…
Approval for the appointment of 08 Secretaries to Ministries granted by the Committee on High Posts
The appointment of 08 Secretaries to Ministries has been approved by the Committee on High Posts. General (Retd.) Kamal Gunaratne, Secretary to the Ministry of Defense was among the Secretaries…
Inaugural LANKA COFFEE ASSOCIATION Aims to Restore Ceylon Coffee Brand
Sri Lanka was once the third-largest producer of coffee in the world. Devastatingly, the coffee leaf rust disease wiped out the country’s plantations in the 1860s and exports have remained…
Commercial Bank Captures the ‘Best Corporate Citizen Sustainability Award for the first time
Commercial Bank of Ceylon PLC won the coveted ‘Best Corporate Citizen Sustainability Award 2021’ at an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber,…
Sri Lanka’s Central Bank to Steer Towards a More Hawkish Direction – First Capital
Ahead of the Monetary Policy Review Meeting of the Central Bank of Sri Lanka (CBSL), the First Capital Research predicted a 50% probability for a policy rate hike to prevent…
Sri Lanka’s Electronic Travel Approval (ETA) system not updated to cater to the needs of a modern traveler – COPA
Sri Lanka’s Department of Immigration and Emigration is yet to update the “Electronic Travel Approval” (ETA) system which aims to provide a more comprehensive and attractive service for tourists planning…