Sri Lanka posted an overall budget surplus of 9.5 billion rupees for the first half of the year. This marks a major reversal from the steep 405.6 billion rupee deficit recorded during the same period last year.
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Bank of Ceylon (BOC) successfully closed its historic Basel III compliant Tier 2 Debenture Issue. The issue was oversubscribed 3.8 times over its initial allocation on its opening day.
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The European Union has officially agreed to fund a major €10 million sustainable trade project with Sri Lanka. The strategic bilateral initiative will span over a four-year implementation phase.
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Sri Lanka’s rupee closed slightly weaker at 332.75/80 against the US dollar spot. This marks a fractional depreciation from the 332.65/70 level recorded in the previous session.
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The Ceylon Chamber of Commerce hosted a high-level business delegation from China’s Yunnan Province to implement new “Three Free,
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Fitch Ratings has upgraded the National Long-Term Ratings of three major bank-owned non-bank financial institutions (NBFIs). The institutions include People’s Leasing and Finance PLC (PLC),
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