The Securities and Exchange Commission of Sri Lanka has done what it is supposed to do—eventually. It warned the public, referred the matter to the […]
Month: January 2026
Sri Lanka Revises Gem Border Tax to Reclaim Status as Global Trade Hub
Sri Lanka is revising the basis for imposing value-added tax (VAT) on imported rough stones to revive its gem trade, which has shifted to Thailand, […]
Sri Lanka Commits Rs 2 Billion to Revitalize Beira Lake
The polluted waters of Beira Lake in Colombo, Sri Lanka, are set to undergo a 2.5 billion rupee restoration project aimed at enhancing safety for […]
Overseas Investors Divest Sri Lanka Rupee Bonds Following Recent Acquisitions
Foreign investors divested approximately 3.1 million USD worth of Sri Lankan government securities in the week ending January 14, following a modest buying trend in […]
Sri Lankan Rupee Stabilizes as Bond Yields Decline
FINANCIAL CHRONICLE – On Monday, Sri Lanka’s rupee closed in the spot market at 309.72/77 against the US dollar, slightly changing from Friday’s close of […]
Browns Beach Hotels Set to Exit Colombo Stock Exchange
FINANCIAL CHRONICLE – Browns Beach Hotels in Sri Lanka has announced its decision to delist from the Colombo Stock Exchange. The company has coordinated with […]
HNB Unveils ‘Nana Savi Mehewara’ Initiative to Aid Cyclone Ditwah-Affected Children’s Education Nationwide
HNB PLC has initiated ‘Nana Savi Mehewara,’ a comprehensive national program aimed at supporting the educational needs of children affected by Cyclone Ditwah. This initiative […]
Ceylinco Life Welcomes Dr. Kelum Senanayake as New Consultant
Ceylinco Life has announced the appointment of industry veteran Dr. Kelum Senanayake as a Consultant, enhancing the company’s strategic focus on capability building, training excellence, […]
Sri Lanka Stocks Decline as Dockyard and Banks Weigh Down Market
FINANCIAL CHRONICLE – On Monday, the stock market in Sri Lanka closed lower, according to data from the Colombo Stock Exchange. The All Share Price […]
Vallibel Finance of Sri Lanka Launches Rs2.1 Billion Rights Issue Initiative
Sri Lanka’s Vallibel Finance is set to raise 2.11 billion rupees through a rights issue, offering one new share for every eight existing shares at […]
Baladaksha Mawatha Flyover Inaugurated, A Rs. 3.2 Billion Infrastructure Milestone
The Baladaksha Mawatha flyover was inaugurated today, enhancing connectivity from Galle Face to Chittampalam A. Gardiner Mawatha in Kompanna Vidiya. This newly opened infrastructure measures […]
Fitch Assigns ‘BBB+(lka)’ Rating to Nations Trust Bank’s Debt in Sri Lanka
Sri Lanka’s Nations Trust Bank has announced a proposed debenture issue amounting to 15 billion rupees, which has received an expected National Long-Term Rating of […]
UK Enhances Sri Lanka’s Apparel Industry with Liberalized DCTS Trade Benefits
The United Kingdom continues to be one of Sri Lanka’s most significant trading partners, currently ranking as the second-largest destination for Sri Lankan exports. In […]
Serendib Engineering Group PLC: From Listed “Turnaround Story” to Delisting
Serendib Engineering Group PLC (IDL) is a stark reminder of how a listed company’s fortunes can change dramatically when governance, capital discipline, and regulatory compliance […]
SLIIT ICSDB 2025: Pioneering the Fusion of Sustainability and Digital Innovation
The SLIIT Business School recently hosted the 4th International Conference on Sustainable and Digital Business (ICSDB 2025), a significant event that brought together global academics, […]
Sri Lanka Plans Establishment of Gold Refinery, Official Confirms
FINANCIAL CHRONICLE – Sri Lanka is planning to establish a gold refinery on the island, according to an official from the National Gem and Jewellery […]
Sarvesh Suri Appointed as IFC’s Regional Vice President for Asia-Pacific
Sarvesh Suri has been appointed as the International Finance Corporation’s (IFC) Regional Vice President for Asia and the Pacific. With 25 years of experience in […]
Social Media and Phone Scams Facilitate Fraudulent Money Transfers
It has been observed through complaints received at various police stations across the island that individuals are being deceived into fraudulently transferring money to accounts […]