Mar 31 (CP) Colombo- The deficit in the merchandise trade account narrowed significantly in February 2023, compared to a year ago the Central Bank reported in its Performance review for the month on Friday. The deficit in the merchandise trade account narrowed to US$ 39 million in February 2023, from US$ 780 million recorded in February 2022, due to the significant moderation of import expenditure, the report said.
[Full Story]

Mar 31 (CP) Colombo- People’s Leasing Company, a provider of financial solutions in the non-banking financial institutions sector in Sri Lanka, has been awarded the European Society Quality Research (ESQR) “Best Practices 2022” award, which is given annually to evaluate best practices.
[Full Story]

Mar 31 (CP) Colombo- Hold onto your hats, kiddos! The much-anticipated 2023 Avurudu Collection for kids by Tropic Of Linen has finally arrived - and it’s packed to the brim with quirky prints and playful detail.
[Full Story]

Mar 30 (CP) Colombo- SLT-MOBITEL is serving as a proud sponsor of the ongoing Future Minds Higher Education Exhibition, in its capacity as the National ICT Solutions Provider of Sri Lanka.
[Full Story]

Mar 30 (Forbes) Companies develop globally. Especially in the technology sector, there has been a track record over the last quarter century (if not longer) of working with innovation hub offices in various nations world nations away from home soil.
[Full Story]

Mar 29 (CP) Colombo- SLT-MOBITEL, the national ICT Solutions Provider signed an agreement recently with Prime Lands Residencies PLC to provide comprehensive ICT solutions with SLT-MOBITEL Fibre connectivity for its prestigious and ultra-luxury masterpiece Residences, ‘The Grand’, located at Ward Place, Colombo 7.
[Full Story]

Mar 28 (CP) Colombo- To expand the reach of small and medium enterprises (SMEs), including women-owned small businesses, the International Finance Corporation (IFC) is supporting the Commercial Bank of Ceylon (CBC) launch a digital marketplace in Sri Lanka, helping business owners connect with more customers locally and abroad.
[Full Story]

Mar 27 (CP) Colombo- The Sri Lankan government has received the approval of the cabinet to allow entry of three global fuel giants to the country’s fuel retail market. The cabinet of ministers has granted approval to award licenses to China’s Sinopec, United Petroleum of Australia and RM Parks of USA in a collaboration with British multinational Shell Plc to enter the retail fuel market in Sri Lanka.
[Full Story]

Mar 27 (CP) Colombo- With the rising number of breast cancer cases among women in Sri Lanka, one of the country’s leading private healthcare providers, Hemas Hospitals, introduced its new, state-of-the-art Selenia Dimensions mammography system in an effort to combat the growing trend and facilitate advanced detection and prevention capabilities for patients.
[Full Story]

Mar 31 (Reuters) - Sri Lankan shares closed higher on Friday, helped by gains in industrials and consumer discretionary stocks. The CSE All-Share index rose 0.79% to 9,301.09.
[Full Story]

Mar 29 (Reuters) - Sri Lankan shares closed higher on Wednesday after posting losses for two straight sessions, helped by gains in financials and industrials stocks.
[Full Story]

Mar 28 (Reuters) - Sri Lankan shares closed lower for a second straight session on Tuesday, dragged by consumer staples and financial stocks. The CSE All-Share index closed 0.56% to 9,233.40.
[Full Story]

Mar 31 (CP) Colombo- Sri Lanka’s inflation, as measured by the change in the Colombo Consumers’ Price Index (CCPI) marginally eased to 50.3 percent in March 2023 from 50.6 percent in February, the Department of Census and Statistics reported Friday.
[Full Story]

Mar 31 (CP) Colombo- Dr. P. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka and Mr. K M Mahinda Siriwardana Secretary to the Treasury and Ministry of Finance presented the “Sri Lanka’s IMF program and macro-fiscal framework” at a virtual Investor Presentation held on Thursday, March 30.
[Full Story]

Mar 30 (Reuters) - Sri Lanka will kick off a reworking of part of its domestic debt next month and aims to finalise it by May, central bank and treasury officials told creditors during a virtual presentation on Thursday.
[Full Story]

Mar 30 (CP) Colombo- In an exciting and highly positive development for Sri Lanka’s rebounding tourism industry, Hunas Holdings PLC – the company that owns the legendary, multigenerational favourite, the Hunas Falls Hotel – has announced a landmark partnership with Azotels – a company owned and managed by the ‘Hotelier of the Century’, Adrian Zecha.
[Full Story]

Mar 29 (CP) Colombo- Considering the recent public inquiries and the developments observed relating to cryptocurrencies, which are also commonly referred to as “crypto”, the Central Bank of Sri Lanka (CBSL) reiterated to the public of the significant risks associated with using and investing in cryptocurrency.
[Full Story]

Mar 29 (CP) Colombo- The Commercial Bank of Ceylon recently hosted a special program for more than 100 female entrepreneurs engaged in micro, small and medium enterprises, with business leaders present to share their experiences and knowledge.
[Full Story]

Mar 27 (CP) Colombo- Softlogic Finance PLC, a subsidiary of Softlogic Capital PLC, has announced the appointment of Ivon Brohier as its Chief Executive Officer (CEO) with effect from 27th of March 2023.
[Full Story]

Mar 27 (CP) Colombo- The world’s newest passenger plane Boeing 787-10 Dreamliner arrived at Bandaranaike International Airport (BIA) at Katunayake early today (27) for the first time.
[Full Story]

Mar 27 (CP) Colombo- AIA Insurance was humbled to be a part of Run For Their Lives 2023, in raising funds for the Apeksha Cancer Hospital. The charity run aligns with AIA’s brand purpose of helping people live healthier, longer, better lives
[Full Story]

Mar 30 (Reuters) - Sri Lankan shares ended lower on Thursday, dragged down by communication services and financials stocks. The CSE All-Share index fell 0.47% to 9,228.50.
[Full Story]

Mar 29 (CP) Colombo- Fitch Ratings has assigned Seylan Bank PLC’s (A-(lka)/Rating Watch Negative (RWN)) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated debentures of up to LKR7 billion a final National Long-Term Rating of ‘BBB(lka)’/RWN.
[Full Story]

Mar 27 (Reuters) - Sri Lankan shares closed lower on Monday, weighed by losses in industrial and financial stocks. The CSE All-Share index fell 1.42% to 9,285.21.
[Full Story]