Market Fund today. Regulated by the Securities and Exchange Commission of Sri Lanka (SEC), the Asia Securities Money Market Fund aims to provide an attractive alternative to traditional short-term ...

"The real value in the IT industry is not providing services to other countries but creating products that other countries buy and there are many barriers as to why we are not doing enough of that," ...

Fitch Ratings expects Sri Lanka's state banks to continue to report weaker regulatory capital ratios than systemically important private banks, despite significantly higher profitability. This is due ...

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) warmly received the outgoing South African High Commissioner in Colombo, Robina P. Marks to address the ‘Sri ...

The private sector in Sri Lanka has historically played a key role in providing support to humanitarian efforts; rebuilding from the devastating effects of the Indian Ocean Tsunami, Seasonal floods, ...

Sri Lanka's Central Bank requests licensed commercial banks to refrain from entering into forward contracts of foreign exchange for a period of three months with immediate effect. The new banking act ...

Sri Lanka's Central Bank emphasizes that inward remittances by Sri Lankan expatriates, which are not considered as services exports, will not be subjected to new export proceeds conversion rules.

Fitch Ratings has assigned Merchant Bank of Sri Lanka & Finance PLC (MBSL) a first-time National Long-Term Rating of 'BBB+(lka)'. The Outlook is Stable. MBSL is 84.5% owned by Bank of Ceylon (BOC, ...

Sri Lanka’s merchandise exports increased by 9.91% to US$ 1,046 Million in February 2022 compared to February 2021 as per the data released by the Sri Lanka Customs. Further, it is a 5.8% increase ...

Sri Lanka’s Central Bank has decided to discontinue the 100 percent cash margin deposit requirement against the importation of selected goods of non-essential/non ...

As 2021 hits its halfway mark, the Hambantota International Port (HIP) records an overall growth in its volumes and diversification of services. The port’s overall cargo handling volume has increased ...

The Governor of the CBSL, Ajith Nivard Cabraal had discussions with the Governor of QCB, Sheikh Abdulla Bin Saoud Al-Thani, regarding CBSL and QCB collaboration to strengthen SL-Qatar economic ties ...