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ComBank appoints new Chairman and Deputy Chairman

Sri Lanka, April 16 -- Commercial Bank of Ceylon PLC has announced the appointment of top international investment banker Mr Sharhan Muhseen as Chairman, and financial services professional Mr Raja Se... Read More


SL debt repayment period to be extended from 2028 to 2042, with a lowered interest rate of around 2-pct

Sri Lanka, April 9 -- Sri Lanka is in the final stages of negotiations with its creditors, spearheaded by Japan, to suspend debt repayments until 2028. The repayment period will be extended from 2028... Read More


Interview: Three questions to Frank Dandy about moving production to Sri Lanka

Sri Lanka, April 8 -- BLOG SWEDEN SRI LANKA BUSINESS (https://blogg.sslbc.se) Since 2017, Daniel Hornqvist has been the CEO of the Swedish fashion brand Frank Dandy. When he took over, he brought wit... Read More


SOE Losses Costing LKR 141,809 per Sri Lankan Household

Sri Lanka, April 5 -- The soft pedaling by the government to carry out crucial reforms of State Owned Enterprises is forcing taxpayer's wallets to take the brunt of the hit, says Colombo based think t... Read More


Fitch Rates Hatton National Bank's Basel III Subordinated Debt 'BBB+(EXP)(lka)'

Sri Lanka, April 5 -- Fitch Ratings has assigned Hatton National Bank PLC's (HNB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR12 billio... Read More


ADB partnership strategy 2024-28 for SL to foster sustainable recovery, build resilience, and revive growth

Sri Lanka, April 4 -- The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Sri Lanka covering the period 2024-2028. The strategy will focus on restoring the count... Read More


Indian Political Parties Clash Over Katchatheevu Creating A Political Hot Potato for Elections

Sri Lanka, April 4 -- Indian prime minister Narendra Modi has accused the Congress party of "callously giving away" the island of Katchatheevu to Sri Lanka. The tiny island was claimed by both countri... Read More


Visa sees 35%+ surge in debit card spends; trend expected to continue in upcoming Avurudu season

Sri Lanka, April 3 -- Visa (NYSE: V), the global leader in digital payments, today announced that Visa debit card spends saw a significant increase of over 35% in the past year, indicating healthy gro... Read More


Actions be taken to accrue maximum benefit to masses even by selling the public assets: Eran

Sri Lanka, April 2 -- Eran Wickramaratne MP for SJB commenting on the privatization of state enterprises said that people still presenting obsolete opinion that SoEs belong to the government and canno... Read More


World Bank upgrades Sri Lanka's growth forecast to 2.2-pct in 2024

Sri Lanka, April 2 -- In Sri Lanka, growth is expected to turn positive, to 2.2 percent in 2024, a 0.5 percentage point upgrade from the previous forecast, with modest recoveries in reserves, remittan... Read More