Foreign investors sold Sri Lanka rupee bonds and exited for a third straight week in the week ended on November 5, Central Bank data showed, despite slight appreciation in the rupee currency. With the latest outflows, the island nation has seen net foreign selling in five of the last 21 weeks. Offshore investors sold a […]
The Government of Sri Lanka and the Asian Development Bank (ADB) today signed a loan agreement for USD 100 million to implement the Skills Development System Transformation Programme, financed under the result-based modality. The agreement was signed at the General Treasury in Colombo by Dr. Harshana Suriyapperuma, Secretary of the Ministry of Finance, Planning and […]
Rocell has been honoured with a Silver Award in the Mineral-Related Manufacturing category at the Presidential Environment Awards 2026, recognising its commitment to environmental sustainability and responsible manufacturing practices. Organised by the Central Environmental Authority (CEA) under the Ministry of Environment, the Presidential Environment Awards celebrate individuals and institutions that demonstrate outstanding dedication to environmental […]
Sri Lanka’s Inland Revenue Department (IRD) has deferred the mandatory requirement to submit a Taxpayer Identification Number (TIN) Certificate for specified transactions until April 1, 2027, after people panicked and lined up to get registered. In light of the administrative bottleneck that followed, the government has decided to push back the deadline. The rule, which […]
The newly concluded European Union-India Free Trade Agreement could reshape the competitive landscape for Sri Lankan exports, even as the government moves to safeguard preferential access to a vital market. Deputy Minister of Finance and Planning Anil Jayantha Fernando stated that Indian exporters are expected to gain duty-free or concessionary access to the European Union […]
The “National Single Window for Trade” system was officially launched Yesterday (05) under the leadership of the Ministry of Finance, Planning and Economic Development, marking a major milestone in Sri Lanka’s trade facilitation efforts. As part of the initial phase, exporters are being onboarded sector-wise, with the coconut and tea sectors selected for the first […]
The Government is working to expand cooperation with Germany and other international partners in advanced manufacturing, investment and trade with the aim of elevating Sri Lanka’s industrial sector to the international stage, Deputy Minister of Industry and Entrepreneurship Development Chathuranga Abeysinghe said. He made these remarks while attending the “Top German Brands 2026 – The […]
The new division extends the 1905-founded engineering company’s capabilities into a sector critical to protecting people, property and business operations. Jinasena (Pvt) Ltd has launched its Fire & Safety Projects Division, marking a strategic expansion into the fire protection and safety sector. The move extends the company’s established engineering expertise into Sri Lanka’s commercial, industrial […]
Sathosa Motors PLC (SML), the authorized dealer for Isuzu automobiles in Sri Lanka, has entered into a strategic sponsorship partnership with CR & FC Premier Rugby Club, becoming an Official Co-Sponsor of the club until 2028. The sponsorship agreement was formally signed at the CR & FC Grounds, Colombo, in the presence of senior representatives […]
Sri Lanka’s rupee was quoted at 332.70/80 to the US dollar spot on Wednesday, weaker from 332.65/70 the previous day, while bond yields were quoted lower, dealers said. An auction of 90,000 million rupees Treasury bills was ongoing. A bond maturing on 01.03.2030 was quoted at 11.35/45 percent. A bond maturing on 01.08.2030 was quoted […]