Financial - NEWS EJUSTICE

LOLC’s Group’s Browns Investments eyes coal supply deal to Norochcholai

dailymirror.lk Browns Investments, a unit of LOLC Group, expects to enter into a negotiations with the Sri Lankan authorities to secure an unsolicited bid to supply coal to Norochcholai power...

No new financing for Sri Lanka without macroeconomic policy framework: WB

dailymirror.lk The World Bank on Tuesday said it is not planning to provide any new financing to Sri Lanka until an adequate economic policy framework has been put in place....

Sri Lankan economic crisis brings opportunity for Indian tea industry

ceylontoday.lk Gripped by a severe economic crisis, Sri Lanka, a major player in the global tea market, has not been able to export tea, creating an opportunity for the Indian...

Fitch places 12 Lankan NBFIs on Rating Watch Negative

By Dilini Madushanki – ceylontoday.lk. Fitch Ratings has placed the National Long-Term Ratings of 12 Sri Lankan non-bank financial institutions (NBFIs) on Rating Watch Negative (RWN). The entities are: Finance...

Poverty in Sri Lanka to spike this year, warns World Bank

By Dilini Madushanki – ceylontoday.lk More Sri Lankans will slip into poverty this year, the World Bank has warned, as it urged the debt-ridden island nation to undertake urgent policy...

EU strongly urges SL to lift forthwith import restrictions

dailymirror.lk The European Union (EU) strongly urged Sri Lanka to lift forthwith import restrictions preventing many European products from entering its market. During the Joint Commission meeting by the European...

Aitken Spence Elevators continues its commitment to environmental responsibility, plants 1,000 saplings

island.lk Aitken Spence Elevators, in their continuous commitment towards the environment, successfully planted a tree belt recently along the Southern Expressway. The tree belt includes plants such as Kumbuk -760,...

Exterminators to list on the Colombo Stock Exchange

Marlon Ferreira Founder Managing Director Sri Lanka’s premier environmental enhancement solutions provider announces that the company is planning to list on the Colombo Stock Exchange, subject to obtaining relevant regulatory...

Sri Lanka Presidents Secy asks for police probe over Indian fertilizer allegation

economynext.com ECONOMYNEXT – Sri Lanka’s President Secretary P B Jayasundera has urged a police probe following a media report which alleged that he had influenced a state bank to open...

Renewable energy sector poised to receive US $ 200mn inflows over next 6-8 months

dailymirror.lk Banks, with CB’s permission, promote SL’s renewable energy goals to raise foreign funds for sector Majority of foreign funds expected to come into country for solar energy sector development ...