FINANCIAL CHRONICLE – Fitch Ratings has assigned a National Long-Term Rating of ‘AAA(lka)’ to the proposed unsecured senior redeemable debentures by Sri Lankan conglomerate Hayleys […]
Month: March 2026
Sri Lanka Central Bank Conducts Comprehensive Survey of VASPs
The Financial Intelligence Unit of Sri Lanka’s Central Bank is currently conducting a survey targeting virtual asset service providers (VASPs). This initiative is part of […]
Iran Conflict’s Magnitude and Duration to Influence Sovereign Rating Impact
Fitch Ratings has indicated that Middle Eastern sovereign ratings generally possess enough resilience to endure a short-term regional conflict, provided it doesn’t escalate further. However, […]
CSE Trading Suspended Temporarily
Trading activities at the Colombo Stock Exchange (CSE) were temporarily suspended today following a more than 5% decline in the S&P SL20 index compared to […]
Sri Lanka Stocks Tumble, Prompting Market Halt Amid Middle East Tensions
FINANCIAL CHRONICLE – The Colombo Stock Exchange in Sri Lanka experienced a significant decline upon opening on Tuesday, driven by investor uncertainty stemming from tensions […]
Sri Lankan Rupee Declines Amid Fluctuating Bond Yields
Sri Lanka’s rupee began the week on a weaker note, trading at 309.75/310.20 against the US dollar in the spot market on Monday. This marks […]
Wall Street Closes with Mixed Results Amid Volatile Trading Following Iran Air Strikes
U.S. stocks remained steady on Monday, recovering from early losses during a volatile session following U.S. and Israeli air strikes on Iran, which had unsettled […]
Trump’s Claims: Fact, Fiction, Partly True?
What Does the U.S. Claim — and What’s Verified? The U.S. administration has justified its military campaign against Iran by emphasising Iran’s missile capabilities and nuclear […]
TRUMP and IRAN Draw Others in as War Escalates
A full-blown military confrontation has erupted involving the United States and Israel against Iran, significantly widening beyond initial airstrikes. The crisis has quickly spread into […]
Fuel Fear Returns – Memory moves Faster than Tankers
The queues are not long. But they are visible. Across parts of Colombo and the suburbs, motorists lined up this week amid rising Middle East […]
Sri Lanka’s Capital Expenditure Poised to Yield Long-Term Economic Benefits, Says Treasury Secretary
FINANCIAL CHRONICLE – Sri Lanka is strategically investing in capital projects following thorough feasibility studies to ensure long-term economic benefits, according to Treasury Secretary Harshana […]
Hakeem slams Govt for aligning with US-Israel Position
MP Rauff Hakeem, Leader of the Sri Lanka Muslim Congress (SLMC), has expressed condolences over the reported death of Iran’s Supreme Leader Ayatollah Ali Khamenei […]
Emirates Resumes Limited Flight Operations This Evening
Emirates will resume a limited number of flights starting this evening, March 2, as disruptions in airspace continue to impact operations. Passengers with existing bookings […]
Sri Lanka Anticipates Reduced Fuel Queues with New Anti-Hoarding Measures Starting Tuesday
FINANCIAL CHRONICLE–The Sri Lankan government anticipates that fuel queues will dissipate starting Tuesday (03), following measures to prevent fuel hoarding and ensure an adequate supply, […]
SriLankan Airlines Cancels 10 Middle East Flights Due to Airspace Closure
FINANCIAL CHRONICLE – SriLankan Airlines, the state-owned national carrier, announced the cancellation of 10 flights to Middle Eastern airports on Monday due to the ongoing […]
Emirates Extends Flight Suspension to March 3 Due to Airspace Closures
Emirates has announced an extension of its temporary suspension of flight operations to and from Dubai, now set to last until 15:00 UAE time on […]
Airline Stocks Decline Amid Travel Disruptions and Rising Oil Prices from US-Iran Tensions
Airline shares experienced a significant decline on Monday following the U.S. and Israel’s weekend strikes on Iran, which led to disruptions in travel and a […]
Inland Revenue Amendments Aim to Enhance Tax Clarity for Unit Trusts
The Unit Trust Association of Sri Lanka has announced key tax-related provisions concerning Unit Trusts, as outlined in the proposed Bill to amend the Inland […]