The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75%. The Board […]
Month: March 2026
Sri Lanka Appreciates Iran’s Oil Offer but Declines to Proceed with Purchase
FINANCIAL CHRONICLE – Sri Lanka expressed gratitude for Iran’s offer to supply oil in the event of Colombo requests, but stated that the country does […]
Russian Official Visits Sri Lanka for High-Level Discussions on Government-to-Government Oil Agreement, Says Minister
FINANCIAL CHRONICLE – Russia’s Deputy Energy Minister Roman Marshavin will visit Sri Lanka to hold formal talks regarding a government-to-government oil deal. This announcement was […]
ADB Announces Financial Support Package to Help Asia and Pacific Mitigate Impacts from Middle East Conflict
The Asian Development Bank (ADB) today announced a financial support package to help its developing member countries (DMCs) mitigate the economic and financial impacts resulting […]
Sri Lankan Rupee Faces Ongoing Depreciation as Bond Yields Rise
FINANCIAL CHRONICLE – Sri Lanka’s rupee closed at 314.20/40 to the US dollar in the spot market on Tuesday, depreciating further from 313.00/314.00 the previous […]
Sri Lanka Achieves Historic Budget Current Account Surplus After 38 Years: An In-Depth Analysis
FINANCIAL CHRONICLE – Sri Lanka has recorded a surplus in the current account of the budget for the first time in 38 years in 2025, […]
Colombo Bourse Jumps Over 3% Amid Broad-Based Rally
Sri Lanka’s stock market recorded a notable upswing on Tuesday (24), with both main indices posting strong gains, reflecting improved investor sentiment. The All Share […]
Janashakthi Group of Sri Lanka Plans to Raise Rs 5 Billion Through Upcoming IPO
FINANCIAL CHRONICLE – Janashakthi Group is seeking to raise 5 billion rupees through its initial public offering of 500 million shares on April 9, according […]
Sri Lanka Encourages Residents to Iron Clothes and Charge Electronics During Off-Peak Hours and Weekends
FINANCIAL CHRONICLE – Sri Lanka is requesting residents across the island to reduce electricity usage during peak hours from 6 PM to 10 PM daily. […]
Sri Lanka Stock Market Rises as Retail Investor Interest Gains Momentum
FINANCIAL CHRONICLE – Sri Lanka’s Colombo Stock Exchange closed up on Tuesday, as US President Donald Trump claimed discussions were on over a ceasefire with […]
LankaPay Partners with Weixin Pay to Enhance Digital Payment Solutions for Chinese Tourists
FINANCIAL CHRONICLE – LankaPay, Sri Lanka’s national payment network, has integrated with Weixin Pay (WeChat Pay), allowing Chinese tourists to make payments at over 400,000 […]
Maga Secures Rs2.16 Billion Contract for Fort Railway Station Upgrade in Sri Lanka
FINANCIAL CHRONICLE – Sri Lanka’s Cabinet has approved a proposal to award a contract worth 2,162.64 million rupees (excluding tax) to MAGA Engineering (Pvt) Ltd […]
Sri Lanka Forms Committee to Strategically Advance Energy Economy Development
FINANCIAL CHRONICLE – Sri Lanka’s cabinet has approved the establishment of a new committee aimed at the development of the energy economy, in response to […]
Planters’ Association Urges Fair Electricity Tariffs to Sustain Sri Lanka’s Plantation Industry
The Planters’ Association of Ceylon (PA) has called for the implementation of a more sustainable electricity tariff framework and energy generation policy, citing the severe […]
Huawei Launches Comprehensive U6GHz Portfolio to Unlock 5G-A Potential and Pave the Way for 6G
At MWC Barcelona 2026, Huawei unveiled a full suite of U6GHz products and solutions designed to fully unleash the potential of 5G-A and enable a […]
NDB Secures LKR 16 Billion in Sri Lanka’s Record-Breaking GSS+ Bond Issuance
FINANCIAL CHRONICLE – National Development Bank has successfully raised 16 billion rupees in Sri Lanka’s largest green, social, sustainable, and sustainability-linked bond issuance. The bank […]
Dialog Surpasses 800+ 5G Sites, Driving Sri Lanka’s Fastest 5G Expansion and Advancing the Nation’s Digital Future
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has announced the expansion of its 5G network to over 800 live sites spanning 24 districts, reinforcing […]
“New Heights, New Sights” – People’s Insurance Reports Strong Growth and Financial Stability in Q4 2025
People’s Insurance PLC reported strong financial performance for the year ended 31 December 2025, demonstrating resilience and sustained growth amid evolving market conditions. The Company’s […]