An Echelon Media Company
Monday June 3rd, 2024

Defence Ministry clearance a must for Sri Lanka ex-servicemen applying for Russia visa

Sri Lankans being deployed in the Russia-Ukraine conflict

May 29, 2024 2 min read

Sri Lanka rubber sector collapse to worsen with wage hike order: official

"Just because our cost of production may rise, we cannot raise our sale prices, because we are not price makers"

Nethmi Rajawasam
May 29, 2024 2 min read

Permanent residence for persons of Sri Lanka descent, foreign spouses

Persons of Sri Lanka descent are those with a Sri Lankan parent, grand parent or great grand parent

May 29, 2024 2 min read

Sri Lanka new employment act will not prevent age discrimination: minister

“Ages it can be decide by the employer,” Nanayakkara said when asked about job advertisements that specify age.

Apsara Rodrigo
May 29, 2024 1 min read

Sri Lanka's Combank stock slides after capital call

The bank made a capital call from shareholders of 22 billion rupees

May 29, 2024 1 min read

Sri Lanka delegation to visit Moscow soon for discussions over ex-soldiers in Russia-Ukraine war

Sri Lanka has officially said at least 16 local combatants have already died

May 29, 2024 2 min read

Sri Lanka rupee opens stronger at 301.00/20 to US dollar

Bond yields broadly steady.

May 29, 2024 1 min read

Sri Lanka retail sales picking up, private credit expected to follow: CB Governor

Central bank would like to see new lending rates fall

May 29, 2024 5 min read

Sri Lanka tightens governance of state banks, limits lending to SOEs

Special unit to be set up at the Finance Ministry to monitor state banks

May 29, 2024 1 min read

Sri Lanka's Commercial Bank in rights issue to raise Rs22bn

1 for 5 voting at Rs85 and 1 for 5 non-voting at Rs69.

May 28, 2024 1 min read

Sri Lanka minority shareholders of Expolanka Holdings Plc challenge de-listing

Nine minority shareholders of Expolanka Holdings PLC holding approximately 0.012% of shares , have filed appeal

May 28, 2024 1 min read

Sri Lanka rupee closes weaker at 301.70/302.30 to US dollar

Bond yields were broadly steady.

May 28, 2024 1 min read

Sri Lanka stocks close down, selling pressure on banks and bluechips

Sampath Bank Plc which closed down at 77.80, saw the most active volumes traded in the day.

May 28, 2024 1 min read

Sri Lanka risks foreign retaliation over VFS visa deal

SriLankan enjoy visa exemption status to Maldives and Singapore

May 28, 2024 2 min read

Sri Lanka govt distances itself from UNP call for postponing elections

"Is Mr Palitha Range Bandara the government? He is the UNP secretary," the minister said.

May 28, 2024 2 min read

Sri Lanka Samurdhi banks, societies to be subjected to government audit

Samurdhi Act to be amended to bring microfinance activities under National Audit Office

May 28, 2024 2 min read

Sri Lanka merger of Ceylon Fertilizer, Colombo Commercial Fertilizer offers VRS scheme

Voluntary retirement scheme to be offered to 267 employees at a cost of 844 million rupees during the amalgamation

May 28, 2024 1 min read

Sri Lanka president's UNP proposes postponing elections by two years

Bandara said postponing the two elections would not be undemocratic

May 28, 2024 2 min read

Sri Lanka reforms have started to yield positive outcomes: State minister

"The Sri Lankan rupee has appreciated by approximately 8 % against the US dollar so far in 2024."

May 28, 2024 2 min read

Sri Lanka's WindForce Plc rated 'BBB+(lka) with stable outlook: Fitch

"The rating reflects WindForce's large exposure to Ceylon Electricity Board (CEB, BB+(1ka)/Stable) as the key offtaker."

May 28, 2024 6 min read