Bussiness

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Fitch Ratings Warns of Heightened Collateral Price Risk for Sri Lanka’s Finance and Leasing Companies Due to Surge in Gold-Backed Lending

CeylonWire

November 20, 2023

Fitch Ratings has raised concerns about the increasing reliance on gold-backed lending within Sri Lanka’s finance and leasing companies (FLCs)

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Lanka E-mobility Solutions (LEMS) Propels Sri Lanka into a Greener Future with the Revolutionary ‘e-wheel’

CeylonWire

November 18, 2023

In a pioneering move towards eco-friendly transportation, Lanka E-mobility Solutions (LEMS) is set to transform the landscape of Sri Lanka’s

#apparel

Sri Lanka’s Apparel Sector Targets Billion-Dollar Growth in Indian Market Amidst Challenges

CeylonWire

November 16, 2023

Despite subdued hopes for the US$6 billion export earnings milestone this year, Sri Lanka’s apparel sector is strategically pivoting towards

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Fitch Ratings Raises Concerns Over Sri Lanka’s Ambitious Fiscal Targets, Citing High Implementation Risks

CeylonWire

November 15, 2023

In a statement released today, Fitch Ratings has expressed apprehension regarding the ambitious fiscal targets set by the Sri Lankan

#Agreements

SriLankan Airlines Revolutionizes Travel Experience with Self-Service Check-In and Bag Drop at BIA

CeylonWire

November 15, 2023

In a groundbreaking move, SriLankan Airlines has introduced self-service check-in and self-bag-drop services at the Bandaranaike International Airport (BIA) in

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Moody’s Identifies Pakistan and Sri Lanka as High-Risk in South Asia for Balance of Payments Crises

CeylonWire

November 13, 2023

Moody’s Investors Service has identified Pakistan and Sri Lanka as two of the South Asian countries most susceptible to the

#Approves

Sri Lanka: World Bank Approves $150 Million to Strengthen Financial Sector

CeylonWire

November 10, 2023

The World Bank’s Board of Executive Directors today approved $150 million in financing for Sri Lanka to strengthen the resilience

#Adani_Group

Ministry expedites MoU signing with Adani Group for Mannar wind Project : Charitha Herath

CeylonWire

November 9, 2023

According to reports, the Power and Energy Ministry is expediting the signing of documents for a Memorandum of Understandings (MOUs)

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LIOC responds to reports of substandard products released to the market

CeylonWire

November 8, 2023

Lanka IOC (LIOC) has raised concerns over certain media reports alleging the release of sub-standard petroleum products into the market.

#Approves

IMF Executive Board Approves a Proposal to Increase IMF Quotas

CeylonWire

November 8, 2023

The Executive Board approved today a proposal to be considered by the Board of Governors to conclude the 16 th General Review of Quotas