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The Ministry of Finance is taking steps to introduce new rules and regulations to strictly monitor informal microfinance companies and institutions that commonly exploit the low-income people of Sri Lanka under the guise of meeting their financial needs.
The emerging sector is tipped to be worth 1.5 trillion yuan (US$217 billion) in 2030.
Tehran temporarily and partially closed the strategic waterway during a military drill, prompting speculation over an extended blockade
Accounting for a significant share of world trade, Europe and Asia are far more decisive players in the fast-changing globalised economy
SriLankan Airlines is ramping up its presence in Malaysia, positioning itself to handle a surge in travelers as Sri Lanka sets an ambitious target of 3 million tourist arrivals for 2026.
Message from Communist Party of China’s Central Committee lauds Workers’ Party for helping to develop North Korean economy, improving lives
Local tourism sector reports modest gains this year despite nearly 13 per cent drop in mainland Chinese arrivals from pre-pandemic levels
Vietnam production's lower cost helps to keep price among lowest in market
The speed, efficiency and affordability of treatment in China is attracting foreign patients, but some bottlenecks need to be cleared
For decades, globalization was widely accepted as an almost inevitable trajectory. The more open an economy, the prevailing logic held, the greater its
Trapped by financial woes after marrying local men in Lombok, many Malaysian women struggle to return home
Tech heavyweights Alibaba, Baidu and Kuaishou drop as trading commences in the Year of the Horse
Analysts are upbeat amid city’s booming IPO sector and thriving financial market, but warn of geopolitical headwinds
To protect the city’s long-term financial health, investment banks must ensure that only quality applicants become publicly listed
Roughly 897,802 SIM cards were flagged as having no identified individual owner, Digital Economy Deputy Minister Eranga Weeraratne told Parliament yesterday.
Evidence does not point to a climate debt trap following Cyclone Ditwah and that cyclical growth of around 4% remains sustainable for 2026, although risks such as inflation are emerging, economic policy expert Dr. Ganeshan Wignaraja, told the Sri Lanka Investor Conference 2026 themed “Rebuild. Digitize. Reprice”, or…
The Criminal Investigation Department (CID) informed the Colombo Chief Magistrate Asanga Bodaragama yesterday (19) in a further report that it has initiated a comprehensive investigation into the maintenance of eight bank accounts in the Kadawatha area by attorney Tamara Kumari Abeyratne arrested in connection with …
The Sri Lanka Export Development Board (SLEDB) successfully organized a Market Exposure and Capacity Building Programme in parallel with BIOFACH 2026, held in Germany from February 9 to 14, 2026.
Sampath Bank has collaborated with the Chamber of Lankan Entrepreneurs (COYLE) to introduce the Sampath COYLE Mastercard World Affinity Credit Card, an exclusive proposition created for entrepreneurs whose influence extends beyond their businesses and into the wider economy. Designed solely for COYLE members, the me…
Commercial Bank of Ceylon PLC will make the Sinhala and Tamil New Year more rewarding for remittance recipients and reaffirm is commitment to always thinking about its customers and delivering the very best, with the return of the Bank’s popular ‘Pita Rata Wasi’ seasonal promotion, which offers a total of Rs. 6 mill…
Hatton National Bank PLC, Sri Lanka’s leading private sector bank, has come on board for the first time as the Official Banking Partner of the 147th edition of the iconic “Battle of the Blues”, the historic Royal–Thomian cricket encounter between Royal College, Colombo and S. Thomas’ College, Mt. Lavinia.
Sarvodaya Development Finance PLC has once again reaffirmed its leadership in responsible financial stewardship by securing the Gold Award for the fifth time at the prestigious Institute of Chartered Accountants of Sri Lanka – TAGS Awards 2025. The accolade was presented at the official ceremony held in Colombo on 1…
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Locals left city in droves from February 13 to 18, with residents making 2.5 million journeys out, compared with 1 million tourist arrivals
Higher lithium prices and the end of incentives are reshaping China’s EV market, with hybrids emerging as a more practical option for many
د امنيت شورا غړيو خبرداری ورکړی دی چې د اردن سيند په لویديځه غاړه کې د اسرائيل د ولکې د پراخولو هڅې د دوو دولتونو د حللارې د رامنځته کيدو لرليد ګواښي.
Envoy makes the pledge as Beijing prepares to roll out tax-free access to the Chinese market for goods from 53 African nations
Popular spots across city continue to draw large festive crowds, even as data shows nearly 16 per cent rise in net outflow during holiday period
Litro Gas Lanka has officially addressed recent supply concerns, reassuring the public that there is no impending gas shortage and that ample stocks are available to meet national demand.
‘I’m a fan of Hong Kong’s car culture, so I wanted to see how local owners modify their vehicles and chat with them about cars,’ one visitor says
Safety concerns in Southeast Asia and China’s visa-free travel policy among factors fuelling boom in golf tourism
IMF Managing Director Dr. Kristalina Georgieva commended the Government’s efforts in stabilising the country’s economy and in managing recent economic and natural shocks when she met Prime Minister Dr.Harini Amarasuriya at Temple Trees with her delegation.
Former President Ranil Wickremesinghe’s wife Prof.Maithri Wickremesinghe was ordered by Fort Magistrate Isuru Netthikumarage yesterday (18) to appear before the Financial Crimes Investigation Division of the Criminal Investigation Department this Friday (20) to give a statement.
Fairway Properties, a pioneer in vertical luxury residential developments in Sri Lanka, has signed aMemorandum of Understanding (MoU) with Pan Asia Banking Corporation PLC to establish a framework for future collaboration on home financing solutions for buyers at Fairway Latitude, the company’s seventh luxury apartm…
CBC Finance PLC, a premier financial institution in Sri Lanka and a 100% owned subsidiary of Commercial Bank of Ceylon, recently relocated its Negombo branch to a brand-new facility. This move aims to provide customers with more efficient, high-quality service in a more accessible and modern environment.
On Monday (16), the Intergovernmental Economic Policy Dialogue was reconvened for the first time in ten years since July 2016. The Dialogue was co-chaired by Japan’s Vice-Minister for International Affairs of the Ministry of Economy, Trade and Industry (METI) Takehiko Matsuo, and Sri Lanka’s Trade, Commerce, Food Se…
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Analysts say rolling back regulations pushes US further towards petrol cars, discourages EV innovation, and gives China competitive edge
Według informacji dziennika „Financial Times” Christine Lagarde, prezeska Europejskiego Banku Centralnego z siedzibą we Frankfurcie nad Menem, prawdopodobnie przedwcześnie ustąpi ze stanowiska, czyli przed końcem ośmioletniej kadencji, która upływa w październiku 2027 r. Dziennik powołuje się na źródła zaznajomione …
Beijing sees huge untapped potential in spending by inbound travellers as it strives to drive up demand over the crucial nine-day holiday
City leader John Lee vows to carry out reforms at full speed, says to public ‘let’s march forward bravely and confidently together’ in new year
China's rise from poverty to the world's second‑largest economy rewrote the rules of globalization. Now Beijing's push into high-end technology is unfolding at an even faster pace.
Impact ripples through Japan’s retail sector, with falling duty-free sales at top department stores highlighting the pain for the industry
After years of tense relations, the two nations are finding common ground over their need to adapt to an era of ‘super-aged societies’
Michela Tindera, Alexandra Heal and Antoine Gara
This is the first sign of a decline in the post-pandemic boom in American travel to Europe, driven by a strong US dollar
Em retrospecto, pode-se dizer que as relações comerciais com Jeffrey Epstein não foram uma boa decisão do Deutsche Bank.
The first meeting of the National Coordination Committee (NCC) on the Prevention of Money Laundering and Combating the Financing of Terrorism (AML/CFT) in Sri Lanka was held recently at the Central Bank of Sri Lanka.
Committee on Public Finance Chairman (COPF), Samagi Jana Balawegaya (SJB) MP Dr. Harsha de Silva stated in Parliament yesterday (17), that the International Monetary Fund (IMF) should continue its engagement and extend support beyond financial measures to governance reforms.
