The IMF has stated that approval of the fourth tranche of Sri Lanka’s Extended Fund Facility (EFF) is contingent upon the implementation of prior actions by local authorities. This includes recently tabled of Budget 2025, which must align with the parameters set under the programme, it maintains. Former Deputy Governor of the Central Bank of…
Billionaire Gautam Adani said his group is planning more than 1.1 trillion rupees ($12.7 billion) of new investments in India, signaling the conglomerate’s focus on growing in its home market while fighting corruption charges in the US. This will fund projects ranging from pumped storage to cement and mining to smart-meters and thermal energy, Adani…
The first Shell branded fuel station has opened in Sri Lanka at B.S. Cooray Filling Station, Ambathale. This follows the signing of a retail brand license agreement by Shell Brands International AG (Shell) and RM Parks (Private) Limited, and affiliates of Shell and RM Parks (Private) Limited signing a product supply agreement in March 2024….
CNN — President Donald Trump said on Tuesday the US would sell a “gold card” to wealthy foreigners, giving them the right to live and work in the US and offering a path to citizenship in exchange for a $5 million fee. “We’re going to be selling a gold card,” Trump said from the Oval Office. “You have…
PAYable, Sri Lanka’s leading digital payment acceptance platform, proudly celebrates a landmark achievement—crossing Rs. 100 billion in transactions. More than just a milestone, this success reflects the profound impact PAYable has had on empowering businesses across the country, helping them embrace digital payments, increase revenue, and secure their financial future. Since its inception, PAYable has…
As part of the government’s long-term commitment to promoting economic stability and improving public service delivery, a workshop on knowledge exchange for public enterprises was held Yesterday (25) at the Miloda Academy of financial Studies in Colombo. This workshop was organized by the Presidential Secretariat in collaboration with the MBA Alumni Association of the University…
• Key Steps to Relocate All Government Offices to State-Owned Buildings Despite the constraints of a limited financial framework, President Anura Kumara Dissanayake emphasized that it is the duty of government officials to allocate and utilize the funds efficiently and equitably, in accordance with the development priorities and the needs of the people as outlined…
Sri Lanka’s exports have surged past $1.3 billion in January 2025, marking a strong and promising start to the year! This remarkable growth reflects the resilience, innovation, and competitiveness of Sri Lankan industries, paving the way for sustained economic success. The merchandise export performance in January 2025 amounted to US$ 1,004.82 million, recorded an 3.51…
Bank’s Financial Performance Financial Highlights Profit before Income Tax (PBT) of LKR 16.04 Bn with a 59% growth Profit after Tax (PAT) of LKR 10.05 Bn with a 61% growth Total Assets of LKR 780 Bn, with a 9% growth All Currency LCR at 491.37 % and Rupee LCR at 415.75% Impaired Loans (Stage 3)…
Home Lands Skyline, the undisputed leader in real estate development in Sri Lanka, is gearing up to transform the coastal town of Negombo by acquiring 7 acres of premier lagoon front land for a US$ 40 million landmark development project that is set to make history as the First Tourists Resort Apartment in Sri Lanka….
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