Sri Lanka’s economy is showing signs of improvement, but the World Bank’s latest Sri Lanka Development Update, titled Better Spending for All, reminds us that this recovery is still incomplete.
Европейский центральный банк (ЕЦБ) отказался поддержать схему репарационного кредита Украине на сумму 140 млрд евро, который предполагалось обеспечить российскими активами, замороженными в западных странах из-за войны России против Украины, сообщила во вторник, 2 декабря, лондонская газета The Financial Times (FT) с…
More than half of surveyed German firms plan deeper ties with local partners in China to match the rapid innovation cycles of domestic competitors, the German Chamber of Commerce has found
Samsung Electronics (005930.KS), opens new tab unveiled on Tuesday its first multi-folding smartphone, in a bid to strengthen its position in a sector of the phone market where competition is expected to intensify.
Popular destination for capital feels the chill, with cruise lines cancelling trips, investors selling property and parents questioning if it is safe to send students
The Asian Development Bank (ADB) has approved an $846 million loan to help build a future-ready workforce for India’s manufacturing and emerging technology sectors.
The general public are made aware by the Ministry of Finance and the Ministry of Digital Economy that now donations can be made easily to the Disaster Relief Fund established by the Ministry of Finance through GovPay to provide relief to people affected by the adverse weather conditions.
Sampath Bank PLC recently signed a Memorandum of Understanding (MoU) with DIMO at the Bank’s Head Office, unveiling an exclusive vehicle financing scheme designed to enhance the ownership experience for DIMO customers.
Since assuming the duties of Chairman of the Insurance Regulatory Commission of Sri Lanka (IRCSL) on January 2, 2025, I have embraced an ambitious mission: to transform Sri Lanka’s insurance sector from a peripheral financial service into a central pillar of national economic resilience and social stability. My miss…
People’s Bank has been honoured at the Great HR Awards 2025, receiving the prestigious title of “Best Talent Acquisition Organization of the Year 2025.” The event, organized by the Chartered Institute of Personnel Management (CIPM) in collaboration with Mercer, was held recently at The Lumina, Cinnamon Life, Colombo.
Strengthening its commitment to understanding the needs of today’s youth and empowering them to achieve their goals, the Commercial Bank of Ceylon has signed a Memorandum of Understanding (MoU) with DIMO Academy for Technical Studies (DATS) to promote the Bank’s Education Loans among students aspiring to pursue adva…
The Colombo Stock Exchange’s All-Share Price Index (ASPI) showed a sharp decline today (December 01), falling 690.76 points at the end of trading to close at 22,022.06 points.
Workers’ remittances have recorded the highest monthly inflow since December 2020. On a cumulative basis, remittances during the first ten months of the year recorded a year-on-year growth of 20.1%. Remittances in October 2025 stood at USD 712 mn a YoY increase of 21.2% compared to USD 588 million in October 2024 th…
The Government wishes to inform the public and the international donor community that certain contributors have experienced difficulties when transferring funds to the designated Central Bank accounts during the ongoing national relief efforts.
Sri Lanka is already one of the world’s hottest countries, with average temperatures of 27°C and 28°C, and they are expected to rise even higher. Extreme heat, floods, and droughts are affecting communities, jobs, and food production. Over the past 30 years, floods alone have caused an estimated US$240 million in da…
Amid the current national crisis, many foreign countries, Governments, organisations and individuals have expressed strong willingness to provide financial and material assistance for those affected by the disaster. With the aim of establishing a rapid mechanism to ensure the swift and efficient clearance of such re…
Authorities have refuted widely circulating social media claims that the Victoria Dam and the flood protection bund on the right bank of the Kelani River are at risk of bursting.
In 2023, a 15- and a 17-year-old plotted to attack a Christmas market in Leverkusen (North Rhine-Westphalia). In online chats, the two supporters of the "Islamic State" (IS), considered a terrorist organization by German domestic intelligence, plotted to kill as many people as possible by driving a truck into the cr…
The Government of Maldives has announced that it will extend relief assistance to Sri Lanka through a financial contribution of USD 50,000 and a donation of 25,000 cases of tuna cans.
Sri Lanka has woken this week to a lesson no textbook had scheduled. Cyclone Ditwah trespassed the island with the blunt certainty of nature reclaiming its authority. Within hours, the winds felled power lines, landslides swallowed roads, and the Colombo Stock Exchange had to shut its doorsat midday yesterday. Now, …
A special meeting chaired by Deputy Minister of Digital Economy Eranga Weeraratne was held today (Nov. 28) to expedite the restoration of communication services in areas impacted by the recent disaster.
President Anura Kumara Dissanayake instructed District Secretaries to proceed with rescue and relief operations for affected communities without allowing financial constraints to hinder their work.
План Евросоюза по использованию замороженных госактивов РФ для финансовой поддержки Украины может поставить под угрозу шансы на потенциальное мирное соглашение в целях урегулирования конфликта. Об этом заявил премьер-министр Бельгии Барт Де Вевер, слова которого приводит в четверг, 27 ноября, газета Financial Times …
The Colombo Stock Exchange (CSE) has announced that trading will be suspended at 12:30 p.m. today (November 28) due to ongoing adverse weather conditions affecting the country.
With the aim of laying a new foundation for the digital economy through innovation and investment whilst increasing the digital economic contribution of the overall economy to 15% by 2030, competitive with other countries in the region, an amount of Rs. 25.5 billion has been allocated for modernization and digitaliz…
Pan Asia Banking Corporation PLC reported a stellar financial performance for the nine months ended September 30, 2025 reaffirming its resilience and strategic agility amid a gradually recovering yet challenging macroeconomic environment.
Mercantile Investments and Finance PLC (MI Finance) has achieved a landmark corporate milestone, surpassing Rs. 100 billion in total assets while recording commendable profitability second-quarter growth that positions the institution among Sri Lanka’s premier non-bank financial institutions.
DFCC Bank has been recognised as one of the five winners in the Best Sustainability Project Awards 2025 at the Best Corporate Citizen Sustainability (BCCS) Awards 2025, organised by the Ceylon Chamber of Commerce.
SDB bank has announced the appointment of Aruna Jayasekera as its new Chief Human Resources Officer (CHRO), marking another milestone in the Bank’s strategy to bring in proven industry experts who can elevate organisational standards and accelerate its transformation journey.