BUSINESS

Central Counterparty Mechanism to boost Sri Lanka Capital Market

The Securities and Exchange Commission of Sri Lanka (SEC) has taken a key initiative in taking the Capital Market of Sri Lanka to the...

Foreign exchange crisis cripples shipping trade

The ongoing forex crisis has impacted the shipping trade as well with giant Maersk urging customers to pay in dollars. It said due to the current dollar...

Commercial banks at risk amid deficit of Rs. 455 billion

The commercial banks in Sri Lanka are suffering from a deficit of Rs. 455 billion, revealed former deputy Governor of the Central Bank of...

BOI Loopholes Exploited – Foreign Nationals Blatantly Flout Laws

With the country currently being hit by a severe foreign currency crunch, it appears that even companies registered with the Board of Investments of...

Rubber based export sector becomes one-billion-dollar Industry this year

Sri Lanka’s merchandise exports increased by 55.11% to US$ 1,215.6 Million in November 2021 compared to November 2020 as per the data released by...

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