The Indo-Lanka Chamber of Commerce and Industry (ILCCI) of The Ceylon Chamber of Commerce hosted a discussion with Hon. Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development, on Sri Lanka’s industrial growth plan and Indo-Sri Lanka trade and economic cooperation. The event, brought together key stakeholders to explore the government’s economic vision and growth…
Standard Chartered Bank (SCB) has decided to exit its wealth and retail banking (WRB) business in Sri Lanka as part of a broader strategy to streamline operations and focus on markets with greater scale and strategic importance. SCB Sri Lanka recently informed its employees and customers of the decision, which is pending regulatory approval. Until…
The Monetary Policy Board decided to keep the Overnight Policy Rate (OPR) at 8.00% at its meeting held yesterday. The Board arrived at this decision after carefully considering the developments both domestically and globally. The Board remains confident that the prevailing monetary policy stance will ensure that inflation will move towards the target of 5%…
The economic winds are blowing eastwards. And after decades of the West being the engine of the global economy, it’s now the turn of the East to be the growth engine. India is now poised to be the growth engine of the world, and South Asia has a unique opportunity to reap the rewards of…
Reuters – India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs. The South Asian nation wants to mitigate the impact…
EDB Successfully Hosts the 25th Exporters’ Forum to Address Exporter Concerns The Sri Lanka Export Development Board (EDB) recently hosted the 25th Exporters’ Forum at its headquarters, providing a vital platform for exporters to voice their concerns and seek practical solutions to challenges faced in the export sector. Held on March 24, 2025, the Forum…
Due to the failure of charging the prescribed fees for the registration of 296 motorcycles falling under the engine capacity category of 201 to 450, the government has incurred a loss of Rs. 78.15 million. Additionally, it was disclosed at the Committee on Public Accounts (COPA) that 3,088 motorcycles had been registered without Cabinet approval…
Reuters – South Korean tech giant Samsung Electronics, opens new tab said on Tuesday that its co-chief executive officer Han Jong-hee has died due to cardiac arrest. Han was 63. Han was in charge of Samsung’s consumer electronics and mobile devices division, while co-CEO Jun Young-hyun oversees the chip business of South Korea’s biggest company….
Total exports, including both merchandise and services, reached at US$ 1,382.53 Mn in February 2025, marking a notable 4.62% year-on- year growth compared to February 2024. Additionally, exports recorded a 2.58% month-on-month increase compared to January 2025. According to provisional data from Sri Lanka Customs and estimated figures for Gems & Jewellery and Petroleum Products,…
Fitch Ratings has published the National Long-Term Rating of ‘AAA(lka)’ for Sri Lankan conglomerate Hayleys PLC’s (AAA(lka)/Stable) proposed senior unsecured redeemable debentures of up to LKR7 billion. The proposed debentures are rated in line with Hayley’s National Long-Term Rating and existing unsecured notes because we believe there will be limited subordination risk to debenture holders…
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