LOLC Holdings PLC has issued a public clarification categorically rejecting what it describes as misleading and factually inaccurate information circulating across online and social-media channels regarding a banking facility involving the LOLC Group and People’s Bank. According to the company, the local-currency borrowing is fully cash-secured against a US-dollar deposit maintained directly with People’s Bank…
Fitch Ratings has assigned Sampath Bank PLC’s (AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR10 billion a final National Long-Term Rating of ‘A(lka)’. The proposed debentures, which will mature in five and seven years, will be listed on the Colombo Stock Exchange. The bank plans to use the proceeds to…
The International Monetary Fund (IMF) and the World Bank Group (WBG) Managements today (14) released the Bangkok Blueprint, a high-level framework developed in coordination with the Bank of Thailand that aims to help countries prevent, detect, and address the growing threat of cyber-enabled fraud in digital financial services. Digital finance has expanded access, innovation, and efficiency,…
Joint IMF – RFAs Press Release on the 11th High-Level RFA Dialogue On 13 October 2026, the Regional Financing Arrangements (RFAs) and the International Monetary Fund (IMF) convened their 11th Annual High-level Dialogue in Bangkok, Thailand, at the margins of the IMF/World Bank Annual Meetings. Following severe flooding in Bangkok and several areas across Thailand,…
A US$300 Million Tourism Super App? How Sri Lanka Could Connect Foreign Exchange, Telecom, National Parks, Government Resorts and Every Major Tourist Experience into One National Revenue Engine By Jithendra Antonio The next great opportunity in Sri Lankan tourism may not be another hotel, another airport terminal or another advertising campaign. It may be the…
Reuters – Oil prices climbed on Wednesday after two vessels were struck in the Strait of Hormuz and Iranian officials told Reuters they were deploying new tactics to target ships, as Tehran seeks to keep oil prices high and influence the US midterm elections. Brent crude futures rose 63 cents, or 0.6%, to $106.32 a…
Sri Lanka Economic and Investment Summit 2026 Held under the Patronage of the President President Anura Kumara Dissanayake invited the local and international business community to invest in Sri Lanka with confidence, stating that the Government is committed to maintaining transparent governance, enacting the necessary laws and regulations, and developing essential infrastructure to create a…
By Lakshan Madurasinghe — Founder/CEO Solutions Ground, Corporate Strategist & Investment Facilitator The global economy is entering a period where resilience and long-term competitiveness matter as much as growth. Supply chains are diversifying and geopolitical tensions are reshaping investment decisions, with businesses now looking for jurisdictions that offer continuity amid uncertainty. Having spent two decades…
Sri Lanka’s first 3D animated feature joins world-renowned filmmakers and industry leaders at the international conference in Turin From award-winning filmmakers and celebrated cinematographers to leading animation studios and visual effects specialists, the VIEW Conference brings together some of the most influential voices shaping the future of filmmaking and digital storytelling. This year, Sri Lanka…
According to the latest World Economic Outlook from the International Monetary Fund (IMF), Sri Lanka’s economic expansion is projected to settle at a 3.7 percent GDP growth rate for 2027. Over the same timeframe, the IMF forecasts the country’s inflation rate at 5.4 percent and the unemployment rate at 3.9 percent. These economic trajectories come…
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