The Lanka Micro Finance Practitioners’ Association (LMFPA) said it was concerned over several protests and media reports over indebtedness seemingly due to alleged malpractices of microfinance institutions.

The Central Bank issued fresh instructions to the banks preventing them from purchasing Sri Lanka-issued International Sovereign Bonds (SLISBs) “until further notice”, ending the month-long stop-gap instructions issued thus far.

Palm oil importers and producers cultivators suffered a major blow as Sri Lanka banned imports of the world’s most-consumed cooking oil and ordered to get rid of all the tropical trees in the country in phased manner.

The Sri Lanka market for tyres, Passenger Car Radials or PCR in particular, has witnessed a shortage over the last two years due to heavy dependence on imports market sources revealed.

The Commercial Bank of Ceylon has become the first Sri Lankan bank to achieve carbon neutrality for the entirety of its operations

airman billionaire businessman Dhammika Perera is continuing its business expansion with its latest acquisition of South Asia Textiles Ltd. (SAT) for Rs. 4 billion or 2.5 times book value.Sri Lankan multinational conglomerate Hayleys Plc headed by its Chairman Mohan Pandithage and Co-Ch

As part of furthering capital market development, the Securities and Exchange Commission (SEC) is promoting several new investment options, some of which are first-of-their-kind in Sri Lanka.

The Lanka Micro Finance Practitioners’ Association (LMFPA) said this week it was concerned over several protests and media reports over indebtedness seemingly due to alleged malpractices of microfinance institutions.

Palm oil import ban by cash strapped government issuing a gazette notification on April 06 along with guidelines without any clarity is leaving the local industry and importers in distress due to delay in implementing guidelines.