MRP Rs. 1,575 cement sold for Rs. 2,100
Due to the prevailing cement scarcity in Sri Lanka, a 50 kg cement bag, which has a maximum retail price (MRP) of Rs. 1,575, is sold at Rs. 2,100, stated National Construction Association of Sri Lanka Read More »
Port Authority calls investments for Galle Port
The Sri Lanka Ports Authority (SLPA) unveiled the Galle Port Development Project at the Galle Port Development Symposium held on Wednesday (26) and called for investments in this $ 175 million project Read More »
Sri Lanka downgraded five times in six years by Fitch
According to data compiled by the Public Finance website, powered by Verité Research, Sri Lanka has been downgraded five times since December 2015 from BB- to CC by Fitch Ratings. Read More »
BOI to revive existing investment strategies
With the newly appointed members to the Board of Directors of the Board of Investment (BOI), Sri Lanka is to revive the existing investment promotion strategies at the BOI and to make it more effectiv Read More »
Standard Chartered grants $ 225 m to refinance Cinnamon Life project
A Senior Secured Syndicated Term Loan Facility amounting to a total of $ 225 million has been arranged by Standard Chartered Sri Lanka to Waterfront Properties (Pvt.) Ltd., acting as the Sole Mandate Read More »
Fitch downgrades Lakdhanavi to ‘AA-’
Fitch Ratings has downgraded the Sri Lanka-based Lakdhanavi Ltd.’s national long-term rating to “AA-(lka)” from “AA+(lka)”. The outlook is Stable. Read More »
Sri Lanka’s apparel industry must target opportunities arising from post-Covid-19 rebalancing of global trade
Small and medium scale apparel producers have called on the authorities to assist the sector in expanding Sri Lanka’s apparel production capacity, to capitalise on the opportunities stemming from the Read More »