The Securities and Exchange Commission of Sri Lanka (SEC) says it has approved the creation of a separate Listing Board and Listing Rules at the Colombo bourse to facilitate the entry of State-Owned Enterprises (SOEs) into the Capital Market

By Hiran H. Senewiratne The trading activities at the Colombo Stock Exchange (CSE) yesterday took place on a negative note although it rebounded a little with the announcement of the conclusion of the domestic debt restructuring exercise, stock market analysts said. However, in the end, the All Share Price Index was down by 25.9 points […]

Sri Lanka has received a stock of 352 tons of sunflower oil from Russia. The stock was received in line with the World Food Programme (WFP) project meant to assist Sri Lanka. Addressing the gathering at Veyangoda grain store, Russian Ambassador Levan Dzhagaryan said that one of the purposes of the Russian Foreign Policy is […]

The Asia Pacific Region of the World Organisation of Scout Movement will hold the Membership Growth Scout Meet hosted by Sri Lanka Scout Association from 13 to 17 September 2023 at Movenpick Hotel, Colombo 3. Sixteen countries from the Asia Pacific Region have confirmed their participation. The Meet will discuss the ways and means to […]

Former State Minister Dr. Nalaka Godahewa, MP, says that the ruling party politicians were labouring under the misconception that the very individuals responsible for the unprecedented economic crisis could be the architects of the economi recovery process. The Gampaha District MP said that unless that notion was challenged and publicly disapproved it could lead the […]

Sri Lanka has accepted offers to exchange about $10 billion worth of defaulted local debt for new bonds, the Finance Ministry said on Tuesday, taking it a step towards meeting debt restructuring requirements ahead of an International Monetary Fund (IMF) review.

The Cabinet of Ministers granted approval to the proposal submitted by the Minister of Foreign Affairs for Sri Lanka to sign the Treaty on Prohibition of Nuclear Weapons at the ceremony to be held in relation to the said treaty parallel to the General Assembly of the United Nations.

‘How come gold smuggling MP remains on Ethics and Privileges Committee’? By Shamindra Ferdinando The Opposition would seek the IMF’s commitment to rein in rampant corruption with the Wickremesinghe-Rajapaksa government in spite of the country being declared bankrupt over a year ago, former External Affairs Minister Prof. G. L. Peiris said yesterday (11). Addressing the […]

By Dr Laksiri Fernando President of Sri Lanka Ranil Wickremesinghe is undoubtedly a capable person compared to many other former Presidents in the country. Chandrika Kumaratunga could have been better, but the circumstances of the war prevented her achieving many of the socio-economic targets. In terms of modernizing the country, J. R. Jayewardene played a […]

Two persons have been taken into custody by the Sri Lanka Customs central intelligence directorate, for allegedly attempting to smuggle 4.5 million sticks of foreign-made cigarettes worth around Rs. 110 million into the country.

Monday 11th September, 2023 The effective date of the new Anti-Corruption Act––15 Sept. 2023––was announced on Saturday (09). The timing of that announcement could not have been more inappropriate. The gazette notification came less than one day after the government had made a mockery of its much-advertised commitment to eliminating bribery and corruption. On Friday, […]

Amendments are aimed at reinforcing investor confidence in the capital market Listed Companies required to establish policies for whistleblowing, anti-bribery and corruption Audit Committees, Related Party Transactions Review Committees also need to be established Fit and proper assessment criteria for directors and CEOs The Securities and Exchange Commission (SEC) of Sri Lanka has announced revis...

Newly appointed UK High Commissioner to Sri Lanka, Andrew Patrick called on Prime Minister Dinesh Gunawardena at the Temple Trees earlier this week to exchange views on bilateral ties and development cooperation between Sri Lanka and the United Kingdom.

Fitch Ratings, on Friday, reaffirmed Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating at ‘Restricted Default’, or RD.Fitch said that the country’s reserves levels will influence the rating only once they have moved it out of ‘RD’. ” Despite an increase in reserves over the last nine months to around 3.8 billion U.S dollars in July […]

Fitch Ratings has affirmed Sri Lanka s Long-Term Foreign Currency Issuer Default Rating at Restricted Default or RD .

Archbishop of Colombo, Malcolm Cardinal Ranjith on Wednesday (06) called for an independent international team to investigate the Easter Sunday attacks.The team must be supported by CID officials who were initially involved in the investigation but were transferred to other areas by a biased political authority, the Cardinal said. Minister Manusha Nanayakkara had said that […]

Former President Gotabaya Rajapaksa on Thursday ( 07) denied allegations made against him in a documentary on the Easter Sunday attacks by Britain’s Channel 4.Issuing a statement, he said that the documentary is an anti-Rajapaksa tirade and a bundle of lies Full text of Rajapaksa’s statement: “The central allegation made in the latest film on […]