The Employees’ Provident Fund (EPF) has suffered close to Rs. 20 billion in losses from bond and equity market investments, with an additional Rs. 12 billion in foregone earnings, as a result of bypassing due process and investing in unlisted equity, according to a new report by Verité Research.
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The Colombo stock market yesterday began the new month of March on a dismal note with a sharp dip in indices and lacklustre turnover.The benchmark ASPI was down by 1.9% and the active S&P SL20 by 2.1%. Turnover was Rs. 1.5 billion involving 65.2 million shares.
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Current account achieves higher surplus of $ 130.2 m in January 2025 compared to $ 81 m a year ago due to improvement in surplus in services and secondary income accounts despite wider trade deficitThe Central Bank of Sri Lanka (CBSL) has begun publishing the monthly external sector current account statistics starting from January 2025.
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Sri Lanka’s tourist arrivals grew 9.5 percent from a year ago to 240,217 in February 2025, with India and Russia top source markets, data from the state tourism development office showed.
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The government may have to resume maize imports in the near future despite the current suspension, Minister of Livestock, Land, and Irrigation K.D. Lalkantha stated during a recent parliamentary committee meeting.
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The Employees’ Provident Fund (EPF) has suffered close to Rs. 20 billion in losses from bond and equity market investments, with an additional Rs. 12 billion in foregone earnings, as a result of bypassing due process and investing in unlisted equity, according to a new report by Verité Research. The report has calculated these losses and foregone earnings by analysing …
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China has once again extended its financial and strategic support to Sri Lanka, providing much-needed economic relief through credit lines and grants.
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The Joint Apparel Association Forum (JAAF), in collaboration with the Monash Business School and the Postgraduate Institute of Management (PIM), successfully hosted the International Conference on the Apparel Industry 2025 recently in Colombo.
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Sri Lanka’s China-backed Hambantota International Port said a car carrier from Japan had discharged 196 vehicles destined to the local market after imports were allowed after a 5-year ban.
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Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe urged the banking sector to prepare for Sri Lanka’s third Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) framework evaluation, warning that a negative listing in the assessment could severely undermine the country’s economic progress.
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