Business News

Business News (242)

The Sri Lanka Convention Bureau, an entity under the Ministry of Finance, Economic Development, Policy Formulation, Planning and Tourism successfully concluded the Cultural Triangle Hoteliers Training Program on MICE Tourism on the 15th of October 2024 at the Habarana Village by Cinnamon.

The next review of the International Monetary Fund (IMF) will be delayed, the Central Bank confirmed on Friday.

Lanka IOC PLC (LIOC) reported higher revenues but profits tumbled in the quarter ended in September 2024 reflecting growing demand for fuel in a recovering economy, but the margins narrowed, taking a toll on the bottom-line.

People’s Bank announced yesterday that it has successfully concluded the issuance of its BASEL III Compliant Tier 2, Unlisted, Rated, Unsecured, Subordinated Redeemable Debentures with non-viability write-down, as required by the Central Bank of Sri Lanka (CBSL), raising over Rs. 10 billion last month.

The Department's Geology division is in possession of 271 gemstones which have been securely deposited at the Metropolitan Branch of the Bank of Ceylon since September 18, 1964, remains unassessed, the National Audit report in 2023 revealed.

The Colombo Port City Special Economic Zone (SEZ) is drawing significant interest from more than 100 companies, as revealed by its promoter.

Foreigners have purchased an additional Rs. 12 billion worth of Government Securities since 20 September, according to charts.lk

The government has taken measures to designate the Eastern Container Terminal (ECT) at the Colombo Port as a special project. With the approval of Cabinet of Ministers on Monday 21 .

The New government is to obtain a loan of US$ 30 million from the general capital resources of the Asian Development Bank (ADB), directly to the Ceylon Electricity Board (CEB) in two instalments, for the completion of the Moragolla hydropower project.

It has been revealed that the government has yet to receive the deposit of 660 million rupees held by the owners of a building in Rajagiriya, controversially acquired during the Yahapalana government for the Ministry of Agriculture.

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