S&P downgrades Sri Lanka on debt servicing risks
Rating agency S&P slashed Sri Lanka’s credit rating to “CCC+/C” on Friday, citing concerns that risks to the island nation’s debt servicing capacity have...
East Container Terminal development mired in indecision
Reports suggest, there is an attempt to release the Colombo Port’s East Container Terminal (ECT) to India’s Adani group.
On the 22nd of October, a...
DFCC Bank ranked as the No 1 Cash Management Service Provider...
DFCC Bank, the Bank for Everyone, was recently awarded the Number One Ranking for Best Service by the acclaimed 2020 Euromoney Cash Management Non-...
Brexit and China tensions weigh on shares as pound gets hit
World shares and other risk assets fell on Monday as growing risks of a no-deal Brexit that hit the pound hard and fresh Sino-U.S....
Doors open for Sri Lankan Jewellery Industry in South Africa
The outgoing South African High Commissioner in Colombo Robina P. Marks called on Foreign Minister Dinesh Gunawardena at the Foreign Ministry on 04 December...
SriLankan Airlines named the ‘World’s Leading Airline to the Indian Ocean’...
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance has won the prestigious ‘World’s Leading Airline to the...
BIA departure public concourse reopened for visitors
The departure public concourse of the Bandaranaike International Airport (BIA) in Katunayake has been reopened for visitors from 9.00 am today (05).
However, only one...
China’s factory activity expands at fastest pace in over three years
China’s factory activity expanded at the fastest pace in more than three years in November, while growth in the services sector also hit a...
A fixed fuel price will be maintained amidst fluctuating world oil...
Hon Minister of Energy Udaya Gammanpila, stated that maintaining a fixed fuel price amidst the fluctuating world oil prices is the policy of the...
Treasury says rating action by Fitch Ratings based on uncorroborated facts
The Treasury refuted the yesterday rating action of ‘CCC’ by Fitch Ratings saying it fails to recognize the robust policy framework of the new...
