The Japan – Sri Lanka Economic Cooperation Policy Dialogue – 2025 was held today, July 04, 2025, at the Ministry of Finance, Planning and Economic Development in Colombo. The forum was in order to exchanging the views on the matters pertaining to Japanese funded project portfolio and exploring the future development and prospective economic cooperation policies…
The Board of Directors of the Bank of Ceylon (BOC), one of the premier state- owned commercial banks in the country, has approved a dividend contribution of Rs. 5 billion to the General Treasury, its sole shareholder. This decision reflects the Bank’s continued commitment to supporting the national economy, following its exceptional financial performance during…
The International Monetary Fund (IMF) has underscored the upcoming 2026 Budget as a key element in Sri Lanka’s ongoing economic reform program, describing it as a “very, very important part” of the process under the Extended Fund Facility (EFF). Responding to a question raised by Ada Derana during the press briefing on the completion of…
The opening of a Commercial Bank of Ceylon Representative Office in the Dubai International Financial Centre (DIFC), a milestone not just for the Bank but for Sri Lanka’s banking sector, was fittingly celebrated recently with the participation of the top management of the Bank and dignitaries from Sri Lanka and the United Arab Emirates. The…
SLASSCOM, the national chamber for Sri Lanka’s Knowledge and Innovation (IT/BPM) industry, has appointed seasoned tech leader Shehani Seneviratne as its Chairperson for 2025/2026. With over 25 years of industry experience, Shehani becomes the second woman to hold this esteemed role, reinforcing SLASSCOM’s commitment to progressive, gender-inclusive leadership at the forefront of the country’s digital…
Unmatched track record with cumulative bonus declarations surpassing Rs. 116.6 Billion since 2006 Sri Lanka Insurance Life (SLICLL), reinforcing its position as the strongest and most trusted life insurer in the country, has once again set an industry benchmark by declaring an unprecedented Rs. 12.5 Billion bonus to its policyholders for the year 2024, the…
Reuters – President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals. Acknowledging the complexity of negotiating with over 170 nations, Trump told reporters before departing for…
Reuters – Sri Lanka’s economic outlook remains positive, but global trade policy uncertainties pose significant risks to macroeconomic and social stability, the International Monetary Fund (IMF) said on Thursday. Sri Lanka, which plunged into financial crisis due to a record shortage of dollars three years ago, has recovered strongly since securing a $2.9 billion four-year…
Nation Lanka Finance PLC (NLFP), a Licensed Finance Company under the Finance Business Act, No. 42 of 2011 (FBA), has continuously been violating/contravening the provisions of the FBA and several Directions and Rules issued thereunder. Further, the financial condition of NLFP, is not satisfactory due to deficient capital level, poor asset quality, continuous losses and failure in repaying depositors’…
The Executive Board of the International Monetary Fund (IMF) has granted waivers to Sri Lanka over noncomplying purchases made under the country’s 2023 Extended Fund Facility (EFF) arrangement. The decision follows a review which found that the provision of inaccurate data on government expenditure arrears led to a breach of program conditions and obligations under…
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