Sampath Bank PLC’s debenture issue attracted applications exceeding Rs. 10 billion, surpassing the maximum amount available under the offer. In a stock exchange disclosure, the bank said the issue would close at 4.30 p.m. on October 20 in accordance with its prospectus. The basis of allotment will be announced to the Colombo Stock Exchange in […]
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Sri Lanka’s banks increased lending to overseas borrowers by more than 50 percent in the year to June 2026, with offshore loans accounting for over a third of their outstanding foreign currency credit, even as emerging risks linked to the Middle East conflict placed growing pressure on loan portfolios, according to Central Bank of Sri […]
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Sri Lanka’s Cabinet of Ministers have approved the publication of a new bill to establish a National Agency for Public-Private Partnerships (PPPs) and provide the legal framework to promote and facilitate PPP projects in the country. Approval to introduce the legislation was initially granted at the Cabinet meeting held on 2 June 2025. Accordingly, the […]
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The Sri Lanka–Thailand Business Council (SLTBC) has sought a clear roadmap for implementing the Sri Lanka–Thailand Free Trade Agreement (FTA) and details on proposed employment opportunities for 10,000 Sri Lankan workers in Thailand. The Council’s delegation, led by President Rizan Nazeer and comprising several executive committee members, met Thai Ambassador to Sri Lanka Paitoon Mahapannaporn […]
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Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited, has appointed Chithrasumana Motors as an authorised sales distributor in Malabe. Located at No. 506, 7th Lane, Malabe, Chithrasumana Motors offers customers access to Hayleys Mobility’s portfolio, comprising OMODA & JAECOO, KAIYI and SRM. The range includes electric, hybrid and petrol-powered vehicles, catering to diverse […]
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Hatch, Lankan Angel Network and BOV Capital join forces, with First Capital Holdings PLC committing LKR 300 million as anchor limited partner in a fund built on a commercial investment case. Starting a business is difficult. Building one that can grow, compete and endure is harder still. For Sri Lankan founders, the challenge doesn’t end […]
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Premium International Injectable (Private) Limited is advancing the development of its pharmaceutical manufacturing facility in Sri Lanka, marking a significant step in the company’s commitment to strengthening local manufacturing capabilities and establishing a foundation for future growth in the country’s pharmaceutical sector. The state-of-the-art facility, which is being developed to European standards within a Board […]
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Sri Lanka and China have discussed ways to deepen bilateral relations and expand economic cooperation to support the island’s economic development. The discussions took place on Thursday (14) at the Finance Ministry during a meeting between Chinese Ambassador to Sri Lanka Wei Huaxiang and Labour Minister and Finance and Planning Deputy Minister Dr. Anil Jayantha […]
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Sri Lanka must earn free trade agreements (FTAs) through deep domestic reforms rather than expect them to follow from negotiation alone, Industry and Entrepreneurship Development Deputy Minister Chathuranga Abeysinghe said. The Government is now moving to dismantle import levies left untouched for two decades and is seeking entry into Asia’s largest trade bloc. “We only […]
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In a major move to boost industrial and economic cooperation between Sri Lanka and the European Union (EU), a special high-level discussion was held on October 15, chaired by Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe. The meeting focused on leveraging the EU’s multi-billion-euro ‘Global Gateway’ strategy to drive fresh investments into Sri […]
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