The Central Bank of Sri Lanka (CBSL) has released key findings of the SRS conducted for the first half of 2025. The SRS quantifies and tracks, market participants’ views on risks to, and their confidence in, the stability of the Sri Lankan financial system. The sampling frame of the survey includes licensed banks, licensed Finance…
Marks significant milestone in US foreign direct investment (FDI) in Sri Lanka Hayleys Fentons Limited, Sri Lanka’s premier one-stop provider for complex engineering services is set to embark on a high-profile project for Shield Restraint Systems Limited in establishing “SHIELD” — a new manufacturing facility within the Wathupitiwala Export Processing Zone (EPZ). This groundbreaking initiative…
Fitch Ratings: Sharp US tariff increases will disrupt corporate supply chains and affect economic growth and corporate earnings in APAC and globally, despite the 90-day pause on some of the larger tariff hikes announced on 2 April, says Fitch Ratings. However, few of our rated APAC corporates face a combination of high sector vulnerability, low…
IMF Staff Team Concludes Visit to Sri Lanka The International Monetary Fund (IMF) staff team had very productive discussions with the Sri Lankan authorities on economic performance and policies underpinning the Fourth Review under the IMF Extended Fund Facility (EFF) arrangement. Global uncertainty remains elevated and is contributing to financial market volatility. The government remains…
Reuters – Gold prices breached the key $3,200/oz level for the first time on Friday, fuelled by a weaker dollar and an escalating trade war that sent investors rushing toward safe-haven assets.Spot gold was up 1.4% at $3,217.78 an ounce as of 0350 GMT. Bullion scaled an all-time peak of $3,219.84 earlier in the session, and…
The Joint Apparel Association Forum (JAAF) extends its appreciation to the Government of Sri Lanka (GoSL) and President Hon. Anura Kumara Dissanayake for their swift and decisive engagement in addressing the recent announcement of US tariffs. JAAF commends the action taken by the GoSL led by President Anura Kumara Dissanayake, whose timely negotiations with the…
Hon. Speaker, (Dr.) Jagath Wickramaratne endorsed the certificate on the Value Added Tax (Amendment) Bill today (11) in Parliament. The Second Reading debate related to the Bill was held on 09.04.2025 and amendments were added to the sad Bill during the Committee Stage. The Value Added Tax (Amendment) Bill was then passed in Parliament following…
Reuters – International debt issued by small emerging economies generally viewed as riskier by investors suffered another sharp drop on Wednesday, raising concerns about the countries’ ability to borrow in future as a growing trade war blasted U.S. markets. U.S. Treasuries, the bedrock of the global financial system and benchmark for emerging market bonds, were…
The Government of Sri Lanka has extended financial assistance amounting to USD 01 Million to provide relief to the people of Myanmar affected by the recent earthquake. The relevant cheque was officially handed over Yesterday (10) at the Presidential Secretariat by the Secretary to the President, Dr. Nandika Sanath Kumanayake, to the Ambassador of Myanmar…
The Colombo Stock Exchange (CSE) posted a strong recovery on Thursday (April 10), echoing a broader rebound in global markets after the United States delayed the implementation of new import tariffs that had earlier shaken investor confidence worldwide. The benchmark All Share Price Index (ASPI) soared by 704.88 points, or 4.7%, to close at 15,580.83—marking…
Video Story
