Fitch Ratings says the proposed transfers of state-owned shares – of Housing Development Finance Corporation Bank of Sri Lanka (HDFC, BB+(lka)/Rating Watch Positive) to Bank of Ceylon (BOC, CCC+/AA-(lka)/Stable) and of State Mortgage & Investment Bank (SMIB, BB(lka)/Rating Watch Positive) to People’s Bank (Sri Lanka) (PB, AA-(lka)/Stable) – are unlikely to affect the acquirers’ ratings….
The Securities and Exchange Commission of Sri Lanka (SEC) has issued an urgent public alert warning investors against engaging with Blue Ocean Securities Ltd, stating that the entity is not licensed to operate in Sri Lanka’s capital market. According to the SEC, Blue Ocean Securities Ltd has no authority to trade in securities on behalf…
The Treasury has issued a new Public Enterprises Circular introducing a revised framework to govern sponsorships, donations, Corporate Social Responsibility (CSR) initiatives, and indirect business-related promotional expenses undertaken by State-Owned Enterprises (SOEs). The measures, effective from 1 January 2026, aim to strengthen financial discipline, transparency, and alignment with national development priorities. Issued by Treasury Secretary…
First-Ever Digital Signature Introduced for President’s Counsel Oath Ceremony In a groundbreaking step toward digital transformation, the Supreme Court of Sri Lanka recently introduced the Digital Signature for the President’s Counsel Oath Ceremony marking the first-ever use of this technology in the history of Sri Lanka’s Judiciary. Traditionally, this process was carried out manually, making…
The Sri Lanka Economic and Investment Summit 2025, to be held on December 2nd and 3rd, under the theme ‘Gateway to Growth – Asia’s Emerging Opportunity’ organised by The Ceylon Chamber of Commerce, is officially sold out, bringing together more than 850 participants, including over 100 international delegates from across the globe. The strong global…
Sri Lanka’s export sector has continued its strong upward trajectory, recording a significant 6.0 % growth during the period from January to October 2025. According to data released by Sri Lanka Customs, along with estimated figures for Gems & Jewellery and Petroleum Products, total exports reached US$ 14,433.82 Mn, surpassing the performance of the corresponding…
The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on December 15, 2025 to discuss and approve the fifth review of Sri Lanka’s Extended Fund Facility (EFF) programme. In October, the IMF and Sri Lankan authorities reached a staff-level agreement on economic policies to conclude the fifth review of Sri Lanka’s…
Sampath Bank PLC is advancing a major national milestone through the commencement of the pilot phase of Sri Lanka’s Bus Fare Digitalisation Project, implemented in collaboration with Ceylon Business Appliances (Pvt) Ltd and Nimbus Venture (Pvt) Ltd. The solution is being introduced through NCG Express, one of the country’s leading private bus operators, enabling commuters…
The Ceylon Chamber of Commerce, together with the Indo-Lanka Chamber of Commerce & Industry (ILCCI), successfully led a high-level Sri Lankan business delegation to the prestigious CII Partnership Summit 2025 held in Visakhapatnam, Andhra Pradesh. The Partnership Summit, organized annually by the Confederation of Indian Industry (CII), is recognized as a premier global forum that…
The Public Debt Management Office has announced an auction to issue US$50 million in Domestic Dollar Bonds from 1–3 December 2025, with settlement on 10 December. The bonds offered in 1, 2 and 3 year tenures, will carry fixed rates determined via competitive bidding, with semi-annual interest payments. Minimum investment is US$1 million. Eligible investors are…
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