Reuters – Hong Kong, Sri Lanka, Chile and Bangladesh are seeking to join the China-backed Regional Comprehensive Economic Partnership, the world’s largest trade bloc, Southeast Asian officials said on Thursday. The RCEP currently consists of China, Japan, South Korea, Australia, New Zealand and all ten members of the Association of Southeast Asian Nations. RCEP officials,…
In a bold move to revitalize Sri Lanka’s economy amid ongoing recovery efforts, the Securities and Exchange Commission (SEC) has unveiled a transformative 10-year strategy titled “12 Pillars: One Vision for a Resilient Market.” Released on September 24, the initiative outlines 12 key projects designed to foster innovation, enhance infrastructure, and build a diverse, investor-friendly…
The Colombo Stock Exchange (CSE) announced a revision to the transaction fees applicable to Corporate Debt Securities traded on its Automated Trading System (ATS) following approval from the Department of Fiscal Policy of the Ministry of Finance. The approval, conveyed through the Securities and Exchange Commission of Sri Lanka (SEC), allows for a reduction in…
Sri Lanka has been ranked the number one destination to visit in the month of October by global travel magazine Time Out which released its annual list of the world’s top travel spots for the month. Sri Lanka’s warm tropical climate, rich cultural heritage and natural landscapes have contributed to it being named the travel…
Nations Trust Bank PLC (NTB) has announced the signing of a binding agreement to acquire the retail banking operations of HSBC Sri Lanka for LKR 18 billion. The deal, finalized today (24), covers HSBC’s premium banking customers, credit cards, retail loans, and accounts of around 200,000 customers. As part of the agreement, employees currently supporting…
Although Sri Lankans cannot use cryptocurrency for transactions in the country, investing in cryptocurrency or virtual currency has no legal impediment due to the non-existence of laws or regulations, according to the Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe. Investing in cryptocurrency has become a widely debated topic at present,…
HNB PLC, Sri Lanka’s leading private sector bank, launched HNB Accept, a game-changing new feature on the HNB Mobile Banking app, powered by Visa, that turns any compatible smartphone into a secure mobile point-of-sale (mPOS), enabling every HNB customer to now receive digital payments with ease. Unveiled during a special ceremony at the inauguration of…
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and Sri Lanka’s pioneering full-service investment institution, the debenture issue of Rs. 3.0Bn was open for subscription on 23rd September 2025, which was oversubscribed on the very same day. Rated A+ (Stable) by Lanka Rating Agency Limited, the issue reflects the company’s strong financial strength…
Sri Lanka’s banking sector has placed itself at the heart of the country’s economic recovery roadmap, presenting a far-reaching set of proposals for inclusion in the 2026 National Budget. The proposals, developed and submitted by the Sri Lanka Banks’ Association (SLBA) on behalf of all licensed commercial banks, were shared with Deputy Minister of Finance,…
The much-anticipated Marine Summit – Voyage Sri Lanka 2025 will be held on 16 October 2025 at the Kingsbury Hotel, Colombo, bringing together global leaders, policymakers, investors, and professionals from across the globe in the field of Blue Economy. Organized by the Sri Lanka Export Development Board (SLEDB), this landmark event will be held under…
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