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Opinion: Cabraal's criticism of $ 2.4bn sovereign bond offering undermines CBSL

Sri Lanka, March 22 -- Former Governor of the Central Bank of Sri Lanka (CBSL) during the Mahinda Rajapaksa administration, Ajith Nivard Cabraal, has come out with criticisms of the pricing and intere... Read More


BOI clarifies news report regarding oil refinery project in Hambantota

Sri Lanka, March 22 -- Issuing a statement the Board of Investment of Sri Lanka said they are aware that there is no agreement signed between Oman's Ministry of Oil and Gas and Silver Park Internation... Read More


Sri Lanka to discuss draft national policy on LNG

Sri Lanka, March 22 -- The Ministry of Highways and Road Development together with Petroleum Resources Development has developed the draft national policy on natural gas with a view to establish and d... Read More


Commercial Bank wins 19th global finance 'Best Bank in Sri Lanka' award

Sri Lanka, March 22 -- (PRESS RELEASE) The Commercial Bank of Ceylon has been adjudged Sri Lanka's Best Bank in 2019 by the USA-based Global Finance magazine, giving the Bank its 19th such accolade f... Read More


Concessional loan of USD 989Mn from China's EXIM Bank for Central Expressway

Sri Lanka, March 22 -- The Export- Import Bank of China (EXIM Bank) has agreed to provide a concessional loan amounting to US 989 million dollars covering 85 percent of the contract price, for the Cen... Read More


Sri Lankan Banks manage capital impact of SLFRS 9

Sri Lanka, March 22 -- Sri Lankan banks have been able to manage the capital impact of first-time adoption of SLFRS 9 accounting standards, in line with our expectations, due to capital infusions ahea... Read More


"Open, free, secure and resilient cyberspace vital for development and democracy" British HC to SL

Sri Lanka, March 22 -- At the launch of the "Cyber Resilience for Development" project, British High Commissioner to Sri Lanka James Dauris noted the importance of an open, free, secure and resilient ... Read More


Dispute avoidance in construction contracts a must in developing countries

Sri Lanka, March 22 -- Standing dispute adjudication boards in construction projects should seriously practice their role in dispute avoidance in contracts,Malith Mendis, country representative of the... Read More


BOI takes to twitter to quell firestorm related to $ 3.85bn refinery project

Sri Lanka, March 21 -- A media firestorm has erupted over a US$3.85bn refinery project that was trumpeted by Sri Lankan government politicians as the largest FDI in the history of Sri Lanka. The India... Read More


Sri Lanka's NBFIs pressured by weak economic growth and vehicle sales

Sri Lanka, March 21 -- Fitch Ratings expects Sri Lankan non-banking financial institutions (NBFI) to continue to face pressure on asset quality and profitability in the medium term. The ratings agenc... Read More