Business

192 Articles
Business

Fitch upgrades 10 Sri Lankan banks’ national ratings

Fitch Ratings has upgraded the National Long-Term Ratings of 10 Sri Lankan banks following the recent sovereign upgrade and recalibration of the agency’s...

Business

Sri Lanka and China renew currency swap agreement till 2027

The People’s Bank of China (PBOC) and the Central Bank of Sri Lanka have extended the bilateral currency swap agreement, with a total...

Business

CBSL lists companies engaged in pyramid schemes

The Central Bank of Sri Lanka has conducted investigations and determined 21 companies that have engaged in a scheme prohibited under Section 83...

Business

Utilities, communication services stocks boost Sri Lanka shares

Sri Lankan shares closed higher on Friday, buoyed by gains in utilities and communication services stocks. The CSE All-Share index settled up 0.26%...

Business

President engages in strategic discussions with top Chinese firms

President Anura Kumara Dissanayake held a series of strategic discussions with several globally acclaimed leading Chinese corporations following his participation in an investment...

Business

Prime Lands launches $65 million ‘Colombo Border’ project

Prime Lands Residencies PLC, synonymous with innovation in real estate, is set to transform Sri Lanka’s urban landscape with its ambitious Colombo Border...

Business

Sri Lanka signs $3.7 bn oil refinery project with China’s Sinopec

Sinopec has agreed to invest USD 3.7 billion to construct a “state-of-the-art oil refinery” with a capacity of 200,000 barrels in the southern...

Business

Lyca Mobile recognised with the “Good Choice” award for the third year running

Lyca Mobile has been awarded the Good Choice 2025 Award for the third consecutive year in the No-Commitment Mobile Rate category. The award,...