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Fitch affirms rating of some Sri Lanka banks

Sri Lanka, Sept. 3 -- Fitch Ratings has affirmed the long-term issuer default ratings (IDR) of the following Sri Lanka-based banks: National Savings Bank (NSB) at 'B'; outlook stable Bank of Ceylon ... Read More


Condominium Mgmt Authority, National Gem & Jewellery Authority to share information with Financial Intel Unit

Sri Lanka, Sept. 3 -- In terms of the provisions of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), the Financial Intelligence Unit (FIU) of Sri Lanka entered into Memoranda of Underst... Read More


PM hails Sri Lanka's constitutional reform in address to Maldivian legislature

Sri Lanka, Sept. 3 -- Prime Minister Ranil Wickremesinghe is on an official visit to the Maldives where he has recently addressed the Maldivian Parliament. He will also chair the Indian Ocean Summit o... Read More


American Chamber of Commerce in Sri Lanka calls upon Govt to approve MCC

Sri Lanka, Sept. 3 -- The American Chamber of Commerce in Sri Lanka calls upon the Government to approve the Millenium Challenge Corporation (MCC) Compact, considering the advantageous impact the MCC ... Read More


People's Bank privatization rumour is baseless & politically motivated: Finance Ministry

Sri Lanka, Sept. 3 -- Sri Lanka's Government emphasizes that the proposed amendments to the People's Bank Act never aims to privatize People's Bank. According to the Finance Ministry, the only object... Read More


CSE to amend listing rules in improving public market access, IPO process

Sri Lanka, Sept. 3 -- Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC), is proposing to revise the regulatory framework governing the initial listing of share... Read More


Prime stands tall among 'Most Respected Entities in Sri Lanka'

Sri Lanka, Sept. 2 -- Prime Group was selected as the Most Respected Real Estate Organization among Sri Lanka's 'Most Respected Entities' in 2019 for the third time, through an independent ranking com... Read More


Capitol TwinPeaks, calls for grading system to safeguard condominium buyers and lenders

Sri Lanka, Sept. 2 -- Capitol TwinPeaks, the flagship residential venture of the Sanken Group, addressed a panel of industry peers at the 'Future of Condominium living in Sri Lanka' on the issues face... Read More


Kia Motors revs up for growth with Rs.800Mn Malabe complex

Sri Lanka, Sept. 2 -- Korean automaker KIA is to strengthen its presence in Sri Lanka with a distributor dealership model following the recent corporate structure change which saw Managing Director Ma... Read More


Sri Lanka Foreign Secretary says Post 21/4, a litmus test for protecting HR while fighting terrorism

Sri Lanka, Sept. 2 -- Sri Lanka's Foreign Secretary Ravinatha Aryasinha says that post 21/4 has been a 'litmus test' on Sri Lanka's resolve to adhere to human rights standards, while fighting terroris... Read More