The Embassy of Sri Lanka in Rome and the Consulate General Office in Milan have arranged facilities to cater to over 10,000 Sri Lankans who would seek consular assistance in the process of regularising their visa status under “Sanatoria 2020” special amnesty granted by the Italian Government with effect from 1 June to 15 July…
Bloomberg – A would-be hub of Indo-Pacific commerce and global tourist gem, Sri Lanka was already struggling to deliver on grand visions before the coronavirus crisis struck the world economy. The next few months may determine its ability to avert a painful debt restructuring. The South Asian nation is locked in talks with the International Monetary Fund…
The Finance Houses Association of Sri Lanka (FHA) in its capacity as the apex association of 41 Registered licensed Finance companies of Sri Lanka, deeply condemns the alleged murder of the late Sunil Jayawardena, the Chairman of the Lanka Self Employed Professional’s Three Wheel Association, which has taken place on Wednesday 10th, June 2020, evening….
Based on the latest rating review carried out in June 2020, Fitch Ratings Sri Lanka has revised the National Long Term Rating of Amãna Bank to BB+(lka) from BB(lka) with a Stable Outlook. Fitch Ratings has taken the rating review following the recalibration of its Sri Lankan National Rating scale to reflect changes in the…
BBC – The UK’s economy shrank by 20.4% in April – the largest monthly contraction on record – as the country spent its first full month in lockdown. The Office for National Statistics (ONS) said the “historic” fall affected virtually all areas of activity. The contraction is three times greater than the decline seen during the…
Fitch Ratings has revised Serendib Finance Limited’s National Long-Term Rating to ‘AA-(lka)’, from ‘A+(lka)’, with a Negative Outlook, and that of Richard Pieris Finance Limited (RPF) to ‘A-(lka)’, from ‘BBB+(lka)’, with a Stable Outlook. Fitch has also affirmed Dialog Finance PLC’s (DF) National Long-Term Rating at ‘AA(lka)’ with a Stable Outlook. KEY RATING DRIVERS Serendib…
The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, is all set to establish the externality cost – i.e. social and environmental cost, that Sri Lanka incurred due to power generation from thermal power plants which discovered through, the study named “Estimation of External Cost of Thermal Power Generation in Sri Lanka” and…
Ministry of Foreign Relations states that the comprehensive measures taken by the ministry, in close coordination with the key Government Economic Agencies and the private sector to address and mitigate the impact of COVID-19 particularly on Sri Lankan exports, has helped in sustaining and regaining lost markets for traditional Sri Lankan exports while enabling new…
Piramal Glass Ceylon PLC (PGC) closed the year FY20 with a total turnover of Rs. 7,531 million as against Rs. 7,398 million in the previous year. Profit After Tax rose to Rs.389 million as compared to Rs. 346 million of the previous year, reflecting a growth of 12.4%. In line with consistent policy of 50%…
The Asian Development Bank (ADB) said on Wednesday (10) that it has approved a $ 3 million (over Rs. 500 million) grant from its Asia Pacific Disaster Response Fund (APDRF) to further assist Sri Lanka in its response to the novel coronavirus disease (COVID-19) pandemic. The grant, which is financed by the Government of Japan and…
Video Story
