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Foreign investors continue snapping up Sri Lanka's bonds while dumping stocks

Sri Lanka, Feb. 16 -- Foreign institutional investors continued buying Sri Lanka's government bonds this week, continuing a one month trend where they have been net buyers of over US$100mn worth of bo... Read More


US Coast Guard trains Sri Lankan Port officials to improve port security

Sri Lanka, Feb. 15 -- The US Coast Guard (USCG) recently conducted a training program on security capacity building at the Port of Colombo with more than 25 Sri Lankan port officials. The event stren... Read More


EU opposes death penalty; EURO 2.2bn exports under GSP+ from June 2017 - May 2018

Sri Lanka, Feb. 15 -- The European Union (EU) has reiterated its opposition to the use of the death penalty in all circumstances and encouraged Sri Lanka to maintain its moratorium on executions with ... Read More


MTD Walkers (KAPI) on the verge of collapse suffers another Rs1.5bn quarterly loss

Sri Lanka, Feb. 15 -- Continuing its seemingly endless spiral into the inevitable abyss, CSE listed construction firm MTD Walkers (KAPI) reported a loss of approximately Rs1.5bn for the quarter ended ... Read More


Foreign Ministry's second Regional Consular Office declared open in Matara

Sri Lanka, Feb. 15 -- The Matara Regional Consular Office of the Foreign Ministry was declared open today (15) jointly by Minister of Foreign Affairs Tilak Marapana and Minister of Finance and Mass Me... Read More


Sampath Bank records PBT of Rs18.3Bn for 2018

Sri Lanka, Feb. 15 -- Sampath Bank recorded a profit before tax (PBT) of 18.3 billion rupees for the year ended 31st December 2018, up by 10.5 percent from a year earlier. Profit after tax (PAT) too ... Read More


Sri Lanka growth at 3.5-pct in 2019 : Room to be better managed : World Bank

Sri Lanka, Feb. 15 -- World Bank Vice President, South Asia Region, Hartwig Schafer says that he finds the island facing a challenging macroeconomic landscape and that the nations Gross Domestic Produ... Read More


Opinion: The PM should aggressively defend independence of the Constitutional Council

Sri Lanka, Feb. 15 -- The past few days have seen pointed verbal attacks on the Sri Lanka's Constitutional Council. First by Wijedasa Rajapakse, and second by Parliament's Opposition Leader Mahinda Ra... Read More


Central Bank to impose withdrawal restrictions for deposits of The Finance Company

Sri Lanka, Feb. 15 -- Sri Lanka's Central Bank has proposed regulatory measures including suspension of accepting new deposits, restrictions on withdrawal of deposits and restricting disbursement of l... Read More


ADB, SL Uni's ink deal of USD145Mn for science and tech higher education

Sri Lanka, Feb. 14 -- The Asian Development Bank (ADB) and four Sri Lankan universities signed project agreements totaling US 145 million dollars under the ADB funded Science and Technology Human Reso... Read More