The Colombo Stock Exchange (CSE) has announced amendments to its Listing Rules to allow the listing of foreign currency-denominated debt securities issued by entities incorporated or established in Sri Lanka. Approved by the Securities and Exchange Commission (SEC), the revised rules—effective from February 20, 2025—introduce new eligibility criteria for local entities earning at least 50%…
Verdant Capital, through its Verdant Capital Hybrid Fund, has injected an additional $4.5 million into LOLC Africa Singapore Limited, bringing its total investment in the pan-African microfinance operator to $13.5 million. This follow-on investment builds upon an initial $9 million commitment made in June 2023. Both funding tranches, structured as holding company loans, are designated…
The Sri Lanka Export Development Board (EDB) recently organized a stakeholder consultation to discuss strategies for mitigating the potential adverse impact of the newly imposed 44% reciprocal tariff by the United States on Sri Lankan exports. The meeting, chaired by Mr. Mangala Wijesinghe, Chairman and Chief Executive Officer (CEO) of the EDB, brought together representatives…
The Asian Development Bank’s (ADB) flagship economic publication, the Asian Development Outlook (ADO) April 2025, forecasts Sri Lanka’s recovery to continue at a moderate growth of 3.9% in 2025 and 3.4% in 2026 following the strong rebound in 2024. Economic recovery that began in the second half of 2023 continued across all sectors in 2024….
Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are likely to limit the size of any lasting fiscal benefit, Fitch Ratings says. Stabilizing US debt/GDP will be challenging as long as long-term spending pressures remain unaddressed. The tariffs announced on April 2…
The extension granted for Parate execution expired on March 31, 2025. With the expiration of the Parate execution, the Government of Sri Lanka remains steadfast in its commitment to facilitate the revitalization of SMEs. To provide support to this sector, a relief period has been extended until December 31, 2025. For SMEs with borrowings below…
A meeting between Secretary to the President, Dr. Nandika Sanath Kumanayake and relevant ministry officials was held yesterday (08) at the Presidential Secretariat regarding the development plans to be implemented in Sri Lanka under three zones, in collaboration with the Surbana Jurong Institute of Singapore and 18 Ministries. During the meeting it was discussed in…
A meeting between President Anura Kumara Disanayake and senior officials of SriLankan Airlines was held yesterday afternoon (April 8) at the Presidential Secretariat. The discussions mainly focused on proposals to transform SriLankan Airlines into a more profitable state-owned enterprise. Special attention was also given to possible short-term and long-term solutions for the airline’s debt management….
The book “Sri Lanka’s Economic Revival – Reflection on the Journey from Crisis to Recovery” ,authored by Secretary to the Ministry of Finance, Mr. Mahinda Siriwardana, was officially launched yesterday morning (08) at the Galle Face Hotel, Colombo, with the participation of President Anura Kumara Disanayake. The first copy of the publication was formally presented…
Reuters – The United States said on Tuesday that 104% duties on imports from China will take effect shortly after midnight, even as the administration of President Donald Trump moved to quickly start talks with other trading partners targeted by sweeping tariffs. U.S. stocks dropped on Tuesday for a fourth straight trading day since Trump’s tariffs announcement last…
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