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Central Bank stays the course with monetary policy

Sri Lanka, April 9 -- The Central Bank continued its accommodative monetary policy stance and accordingly Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Cen... Read More


Port City to be open for investment

Sri Lanka, April 9 -- As the Colombo Port City will be insulated from the domestic financial system there will be a more lax approach to foreign exchange controls in the special economic zone. The For... Read More


Lanka benefits from long-term partnership with China - Cabraal

Sri Lanka, April 7 -- State Minister of Capital Markets Ajith Nivard Cabraal noted that Sri Lanka has benefited over the long term with strong relations with the Chinese government. In the long-term,... Read More


CSE sets May end deadline on reform

Sri Lanka, April 7 -- The Colombo Stock Exchange (CSE) has set an end of May deadline for the announced reforms to the market. The market hopes to change to a Delivery versus Payments system for trans... Read More


Regulatory fixes sought for legislative rigidity in capital markets

Sri Lanka, April 7 -- The Colombo Stock Exchange and Securities and Exchange Commission are looking for regulatory fixes to legislative issues that are preventing the development of the capital market... Read More


PNF calls for timely abolishment of Provincial Councils

Sri Lanka, April 2 -- Head of the Government Medical Officers Association and a member of the Professional's National Front (PNF) Anuruddha Padeniya called for the timely abolishment of the Provincial... Read More


SEC calls for public consultation on corporate governance rules

Sri Lanka, March 31 -- The Securities and Exchange Commission of Sri Lanka has through a consultation paper asked market stakeholders to provide feedback on revised corporate governance rules for list... Read More


FITIS calls for pricing flexibility on internet connections

Sri Lanka, March 31 -- In order to have a more financially viable outlay of internet connectivity the Federation of Information Technology Industry Sri Lanka (FITIS) has advocated allowing digital con... Read More


Dialog Finance streamlines operations

Sri Lanka, March 31 -- Dialog Finance PLC, the financial Service provider subsidiary of the Dialog Axiata Group has streamlined its operations. Accordingly, the number of employees at the organization... Read More


Suez blockade to disrupt shipping for four weeks

Sri Lanka, March 29 -- Rohan Masakorala CEO of Shippers Academy Rohan Masakorala noted that the disruption caused by the Suez blockade could continue for about four weeks. Masakorala was certain that... Read More