Construction activity holds steady in October
Sri Lanka’s construction sector maintained strong momentum in October, with activity expanding sharply on the back of renewed project flows,…
Category: Economy
Flood damages likely to drive up crucial import bill
Sri Lanka’s import bill is likely to face upward pressure due to the ongoing floods, which have created an increased…
Revenue collection: Ports Authority to provide Rs. 5 b to Treasury
The Sri Lanka Ports Authority is expected to provide Rs. 5 billion of its profit to the Consolidated Fund. Following…
Mineral Sector Investments promoted in the UK by the Sri Lanka High Commission
The High Commission of Sri Lanka in London, in partnership with Capital Metals PLC, hosted a joint promotional event to facilitate discussions…
Ports Authority to provide Rs. 5 billion to the Treasury
The Sri Lanka Ports Authority is expected to provide Rs. 5 billion of its profit to the Consolidated Fund. Following…
Acquisitions of Small Sri Lanka Banks Neutral to BOC’s and PB’s Ratings
Fitch Ratings says the proposed transfers of state-owned shares – of Housing Development Finance Corporation Bank of Sri Lanka (HDFC,…
Treasury tightens rules on SOE sponsorships, donations and CSR effective 2026
The Treasury has issued a new Public Enterprises Circular introducing a revised framework to govern sponsorships, donations, Corporate Social Responsibility…
Target plans another $1 billion investment to jumpstart sagging sales
Target reported a bigger-than-expected drop in comparable sales on Wednesday and offered a wide range of profit outcomes for its…
SriLankan Airlines restructures defaulted bonds with 15-pct haircut
SriLankan Airlines has restructured its defaulted bonds with a 15 percent haircut which will exchange for cash and a 4.00…
Asia Asset Finance continues to shine with rapid growth in Business and PBT exceeding LKR 980Mn YOY
Asia Asset Finance PLC (AAF) has reported a remarkable performance for the six months ended 30 September 2025, reaffirming its…