The Bank of Ceylon (BoC) has announced plans to issue 100 million debentures valued at Rs. 100 each, totaling Rs. 10 billion. The bank also intends to issue an additional 50 million debentures worth Rs. 5 billion if there is high investor demand, bringing the potential total to Rs. 15 billion.
Fitch Ratings has assigned a National Long-Term Rating of A(EXP)(lka) to this debenture issue, indicating strong credit quality within the Sri Lankan context.
Financial literacy means knowing how to manage money in a smart way. It is about understanding the basic things we need in our daily life, such as how to earn, spend, save, borrow, and invest money. A person with financial literacy has the knowledge and skills to make good decisions about money. This is important…
– Nanda Wanninayaka Multipockets: Good morning, Mr. President. Mr. Double Pockets wants to see you. Pocket Billiards: I see, what seems to be the problem with him now? Multipockets: Education! Pocket Billiards: Isn’t it too late now to do anything about it? He has already “mustered” some sort of degree from Kelaniya Tertiary Montessori, hasn’t…
Opposition Leader Sajith Premadasa has sounded the alarm over the looming collapse of the Pelwatta and Sevanagala sugar factories—two institutions that have long served as economic lifelines for thousands of rural Sri Lankan families. Speaking at a gathering of sugarcane farmers and factory workers at Sri Chandra Madhuraramaya in Buttala on August 2, Premadasa described…
Over the past year, an increasing number of restaurants in Sri Lanka have adopted BYOB (Bring Your Own Bottle) policies. BYOB means Bring Your Own Bottle, and the customers can bring alcohol and consume it at such places. BYOB dining is not unique to Sri Lanka—it’s a growing global trend across Europe, North America, and…
Colombo, Sri Lanka – A cabinet paper has been submitted proposing a ban on the sale of unpackaged coconut oil, citing escalating health concerns among consumers. The move, aimed at safeguarding public health, seeks to regulate the distribution of coconut oil, a staple in Sri Lankan households. The proposal comes amidst growing apprehension regarding the…
Recently, the US government imposed a 30% tariff on Sri Lankan exports, effective August 1, 2025. While this is lower than the initially threatened 44%, it’s still significantly higher than tariffs faced by some of Sri Lanka’s competitors, like Vietnam (20%). This new US tariff puts significant pressure on Sri Lanka’s crucial apparel sector, which heavily…
