Sri Lanka rupee weaker, bond yields drop
Sri Lanka’s rupee was quoted at 308.95/309/05 to the US dollar in the spot market Thursday, weaker from 308.80/90 the…
Category: Economy
Sri Lanka’s Hela Apparel says banks to recast debt on Rs3-4bn capital injection
Sri Lanka’s Hela Apparel Holdings says bankers have agreed to restructure debt provided key shareholders invest 682 million and any…
Sri Lanka sells Rs43bn Treasury bills; yields flat
Sri Lanka has sold 43 billion rupees of Treasury bills at an auction, data from the Ministry of Finance’s Public…
ComBank ranked No 1 in Business Today’s Top 40 for 2024–25
The Commercial Bank of Ceylon has been ranked No 1 in the Business Today Top 40 for 2024–25, reaffirming its…
Hela advances talks on Rs. 4.4bn strategic investment amid widened interim losses
Hela Apparel Holdings PLC is advancing plans to raise up to Rs. 4.4 billion from a strategic investor as part…
Flood-hit borrowers to get debt relief, new loans under CBSL directive
The Central Bank, in conjunction with licensed banks, presented a pandemic-era style relief package for flood-affected borrowers, including a debt…
Colombo Gateway One Announced as the Future Landmark Shaping Port City Colombo’s Skyline
Canary Wharf Holdings Pte Ltd, based in Singapore, marked a major milestone on the 27th of November 2025 with the…
A Resilient Tea Industry—Ready To Meet the Challenge
The Colombo Tea Traders’ Association is the private sector apex body of the tea industry. The Committee of the association…
Suwanda Industries (Cycle Pure Incense – Sri Lanka) Recertified as ZeroCarbon® Manufacturer for 2025
Suwanda Industries, known globally under the brand name Cycle Pure Incense, is proud to announce its recertification as a ZeroCarbon® Manufacturer…
Sri Lanka’s annual debt repayments estimated at US$ 3.5bn
Sri Lanka’s foreign currency debt repayment per annum from 2028 onwards is estimated at between US$ 3.25 billion to US$…