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Fitch Assigns Asia Asset Finance's Proposed Senior Debt 'A+(EXP)(lka)' Rating

Sri Lanka, May 2 -- Fitch Ratings has assigned Asia Asset Finance PLC's (A+(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured debentures of up to LKR2 billion an expected National Lo... Read More


Sri Lanka exports earnings up almost 10-pct in Mar 2024

Sri Lanka, May 1 -- The deficit in the merchandise trade account narrowed to US dollars 369 million in March 2024 from US dollars 412 million recorded in March 2023, primarily due to a higher increase... Read More


Sri Lanka inflation up 1.5-pct in April 2024

Sri Lanka, May 1 -- Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 showed some uptick to record 1.5% in April 2024 compared t... Read More


Pan Asia Bank and Janashakthi Life partner, forging era of financial empowerment

Sri Lanka, May 1 -- As a testament to its continuous devotion to its customers' satisfaction, Pan Asia Bank, the Truly Sri Lankan Bank, has established a strategic partnership with Janashakthi Life. T... Read More


EDB and CHEC Port City Colombo sign MoU to boost export businesses

Sri Lanka, April 30 -- In a significant move towards attracting export-oriented businesses to Port City Colombo, CHEC Port City Colombo (Pvt) Ltd, the primary developer of the project, recently entere... Read More


CTC appoints Fariyha Subhani as Managing Director

Sri Lanka, April 29 -- Ceylon Tobacco Company PLC (CTC) announced the appointment of Fariyha Subhani as Managing Director and Chief Executive Officer, effective 15 th April 2024. Subhani takes over ... Read More


Virtusa concludes first-ever LinkedIn community event in Sri Lanka

Sri Lanka, April 29 -- Virtusa Corporation, a global provider of digital engineering and IT services, proudly hosted the first-ever LinkedIn (LI) community event in Sri Lanka, dubbed "Connect Colombo.... Read More


CBSL releases inaugural annual economic review and financial statements for 2023

Sri Lanka, April 26 -- The inaugural publication under Section 80 of the Central Bank of Sri Lanka Act, No. 16 of 2023 (CBA), namely, the Annual Economic Review 2023, and the inaugural publication und... Read More


Fitch Affirms Siyapatha Finance at 'BBB+(lka)'; Outlook Stable

Sri Lanka, April 26 -- Fitch Ratings has affirmed Siyapatha Finance PLC's National Long-Term Rating at 'BBB+(lka)' with a Stable Outlook. Fitch also affirmed Siyapatha's subordinated debt at' BBB-(lka... Read More


'SriLankan Airlines and Air Seychelles embark on Codeshare Partnership'

Sri Lanka, April 26 -- SriLankan Airlines, the national carrier of Sri Lanka and Air Seychelles, the national airline of the Republic of Seychelles, have embarked on a codeshare partnership, ushering ... Read More