UB Finance Co Ltd. (UBF) takes pride in being the first company to successfully launch an Initial Public Offering (IPO) as Sri Lanka’s economy shows signs of recovery. This IPO follows the announcement of the Domestic Debt Optimization plan set out by the Central Bank of Sri Lanka. Notably, UBF holds the distinction of being…
(mint) – Billionaire Gautam Adani had a meeting with Sri Lankan President H.E. President Ranil Wickremesinghe to explore multiple range of projects in Sri Lanka. In a Twitter post, Adani revealed that the discussions covered the ongoing development of Colombo Port West Container Terminal, a 500 MW wind project, and the expansion of their renewable energy expertise to produce…
Investment laws to be amended to make Sri Lanka an investment-friendly destination. Plans to update current laws to ensure the investment rights of foreign investors. Measures to strengthen the connection between the rural exporters and the SL Export Development Board. Cannabis Pilot Project to commence by the end of 2023. The target set by the…
The All Share Price Index (ASPI) of the Colombo Stock Exchange surpassed 11,000 points today (July 20). The ASPI closed at 11,026.83 points at the end of trading today, marking an increase of 0.91% (99.54) from the previous day. More than 156 million shares were traded overall within the day and the market turnover is…
The Government of Sri Lanka and the World Bank, European Union (EU) and Agence Française de Développement (AFD) have recently signed financing agreements to help strengthen Sri Lanka’s management of public finances. The grant of EUR 9.8 million for Public Finance Management aims to support improving economic governance, transparency, and accountability in how public finances…
One of Sri Lanka’s leading plantation companies, and one focused on innovation and growth, Agarapatana Plantations Limited intends to officially announce its Initial Public Offering of Ordinary Voting Shares. A virtual Investor Forum has been scheduled on today (20th of July) from 4:00 PM to 7:00 PM to provide potential investors with an in-depth understanding…
The Food and Agriculture Organization of the United Nations (FAO), in collaboration with the Department of Agriculture and Mahaweli Authority in Sri Lanka (MASL), is taking crucial steps, supported by funding from the European Union (EU), to address the threat to food security caused by two consecutive seasons of poor harvests in 2021-2022. With a…
Leveraging Free Trade Agreements and streamlining trade processes to facilitate trade promotion were among key strategies suggested to enhance bilateral trade and investment, at the Pakistan Business Forum hosted by the Sri Lanka – Pakistan Business Council (SLPBC) of the Ceylon Chamber of Commerce on July 19, 2023, at the Oak Room, Cinnamon Grand Colombo….
DFCC Bank, the Bank for Everyone, is proud to announce its accreditation by the Green Climate Fund (GCF), making it the first Sri Lankan entity to achieve this significant milestone. This accreditation empowers DFCC Bank to access concessionary funding for projects with a value of up to USD 250 million from the GCF, enabling the…
The Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka organized an awareness program for the gem and jewellery sector on “Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Compliance Obligations and New Developments” on July 04, 2023. The keynote address was delivered by Dr. Nandalal Weerasinghe, Governor of the Central Bank…
Video Story
