The Board of Directors of Lanka Walltiles PLC (LWL) has officially resolved to amalgamate its wholly-owned subsidiary, Vallibel Plantation Management Limited, into the parent entity immediately following the completion of a proposed Rights Issue. In official disclosures submitted to the Colombo Stock Exchange (CSE) by corporate secretaries P W Corporate Secretarial (Pvt) Ltd, the company…
Sri Lanka’s gem and jewellery industry is being called to take its place on a global platform as the JEWELS 2026 International Gem & Jewellery Exhibition & Competition takes place from 4–6 December 2026 at Colombo Lotus Tower. Organised by the Gemmologists Association of Sri Lanka (GASL) under the theme “From Sri Lanka to the…
The Asian Development Bank (ADB) has approved a $100 million results-based loan to help Sri Lanka transform its technical and vocational education and training (TVET) system, equip more young people with industry-relevant skills, and strengthen the country’s competitiveness and inclusive growth. The Skills Development System Transformation Program will support the Government of Sri Lanka’s efforts…
Pan Asia Banking Corporation PLC’s Senior Listed Rated Unsecured Redeemable Debenture issue of up to Rs. 5 billion was oversubscribed following its opening yesterday, reflecting strong investor interest. The debentures, with a par value of Rs. 100 each, will be listed on the Colombo Stock Exchange (CSE). The three-year debentures offer an interest rate of 12.75% interest payable annually, while the…
The SriLankan Airlines Flight Training team has successfully conducted a specialised Airbus A330 Line Flying Under Supervision (LFUS) programme for six senior training and examination pilots from Etihad Airways, underscoring the confidence placed by Etihad Airways in SriLankan Airlines’ training and operational capabilities, while further strengthening the professional relationship between the two national carriers. Five…
Following discussions with officials of the Central Bank of Sri Lanka regarding Foreign Exchange Regulations Nos. 01 and 02 of 2026 and the Order issued under Section 22 of the Foreign Exchange Act, the Committee on Public Finance (CoPF) approved the said Regulations and Order. The matter was considered at a meeting of the Committee…
In a major transformation of Sri Lanka Customs, the Digital Signature and Paperless Customs Declaration Processing System, introduced jointly by the Revenue Administration Reform and Modernisation Bureau of the Presidential Secretariat and Sri Lanka Customs, was officially launched today (01) at the Sri Lanka Customs Auditorium, under the patronage of Deputy Minister of Economic Development…
Reuters – India’s cabinet has approved a 1.86 trillion rupees ($19.42 billion) renewable energy programme to help improve existing grids and add storage, the country’s information minister said on Wednesday. A 1.36 trillion rupees scheme will strengthen the country’s transmission system within states to enable evacuation of up to 135 Gigawatt (GW) of clean energy,…
Fitch Ratings has upgraded Bank of Ceylon’s (BOC) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) to ‘B-’, from ‘CCC+’, with a Stable Outlook. Fitch has also upgraded BOC’s Viability Rating (VR) to ‘b-’, from ‘ccc+’, and Short-Term IDR to ‘B’, from ‘C’. The Government Support Rating (GSR) has been affirmed at ‘ns’ (no support)….
Sri Lanka’s investment climate remains challenging despite the country’s economic recovery, with foreign direct investment (FDI) inflows still well below levels commonly seen in emerging economies, according to the U.S. Department of State. In its 2026 Investment Climate Statement on Sri Lanka, the Department said FDI stood at US$1.06 billion in 2025, equivalent to around…
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