Fitch Ratings believes political flare-ups will remain a credit risk for some APAC emerging market sovereigns in 2026, following significant political unrest this year in Indonesia, the Maldives, Mongolia, Nepal and the Philippines. The effect of major social unrest on near-term economic activity is usually negative as the instability tends to hurt consumer and business…
The Sri Lanka Ports Authority is expected to provide Rs. 5 billion of its profit to the Consolidated Fund. Following the new government taking office, the Ports Authority has reportedly recorded a post-tax net profit of Rs. 39 billion as of October 31, 2025, which is an increase of around Rs. 12 billion compared to…
Sri Lanka showcased its vibrant and diverse tourism potential at the 8th edition of Travel Expo Ankara – International Tourism and Travel Fair, held from 20–22 November 2025 at the ATO Congresium. The Sri Lanka stand, organized by the Embassy of Sri Lanka in Ankara, attracted a large number of visitors and generated significant interest among…
The High Commission of Sri Lanka in London, in partnership with Capital Metals PLC, hosted a joint promotional event to facilitate discussions on emerging opportunities within Sri Lanka’s mineral sector, with particular focus on the Taprobane Minerals Project. The event brought together UK-based investors, corporate representatives, fund managers, and industry specialists for a constructive exchange aimed at…
The Central Bank of Sri Lanka (CBSL) has decided to maintain the Overnight Policy Rate (OPR) at 7.75%, following its latest Monetary Policy Board meeting held yesterday (25). The Board arrived at the decision after considering the evolving developments and the outlook on both domestic and global fronts, the CBSL said. The Board is of…
Fitch Ratings says the proposed transfers of state-owned shares – of Housing Development Finance Corporation Bank of Sri Lanka (HDFC, BB+(lka)/Rating Watch Positive) to Bank of Ceylon (BOC, CCC+/AA-(lka)/Stable) and of State Mortgage & Investment Bank (SMIB, BB(lka)/Rating Watch Positive) to People’s Bank (Sri Lanka) (PB, AA-(lka)/Stable) – are unlikely to affect the acquirers’ ratings….
The Securities and Exchange Commission of Sri Lanka (SEC) has issued an urgent public alert warning investors against engaging with Blue Ocean Securities Ltd, stating that the entity is not licensed to operate in Sri Lanka’s capital market. According to the SEC, Blue Ocean Securities Ltd has no authority to trade in securities on behalf…
The Treasury has issued a new Public Enterprises Circular introducing a revised framework to govern sponsorships, donations, Corporate Social Responsibility (CSR) initiatives, and indirect business-related promotional expenses undertaken by State-Owned Enterprises (SOEs). The measures, effective from 1 January 2026, aim to strengthen financial discipline, transparency, and alignment with national development priorities. Issued by Treasury Secretary…
First-Ever Digital Signature Introduced for President’s Counsel Oath Ceremony In a groundbreaking step toward digital transformation, the Supreme Court of Sri Lanka recently introduced the Digital Signature for the President’s Counsel Oath Ceremony marking the first-ever use of this technology in the history of Sri Lanka’s Judiciary. Traditionally, this process was carried out manually, making…
The Sri Lanka Economic and Investment Summit 2025, to be held on December 2nd and 3rd, under the theme ‘Gateway to Growth – Asia’s Emerging Opportunity’ organised by The Ceylon Chamber of Commerce, is officially sold out, bringing together more than 850 participants, including over 100 international delegates from across the globe. The strong global…
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