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Sri Lanka’s Textile Industry Enhances Competitiveness Through UK’s DCTS Initiative
The United Kingdom’s updated Developing Countries Trading Scheme (DCTS), set to commence in January 2026, offers significant advantages for Sri Lanka’s garment industry, particularly benefiting small and medium-sized enterprises (SMEs) as they seek to establish a stronger presence in a crucial market. The key advantage of the revised scheme is its practicality. By simplifying the
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Vallibel Finance Plans to Secure Rs. 2.12 Billion to Strengthen Capital Foundations and Propel Growth Initiatives
Vallibel Finance PLC has revealed its intention to secure roughly Rs. 2.12 billion through a Rights Issue of new ordinary voting shares. This initiative is part of a strategic effort to enhance its Tier I…
Business Updates
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Deputy Minister Reveals Sri Lankan Banks Denying SMEs Access to Rs95 Billion Credit Facility
FINANCIAL CHRONICLE – The Ministry of Industries in Sri Lanka has urged business owners to connect with regional development officers and circumvent “uncooperative” bank branches in order to access a subsidized credit facility amounting to…
Economy
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CB Governor asserts that deflation has positively impacted Sri Lanka rather than causing harm.
FINANCIAL CHRONICLE – According to Central Bank Governor Nandalal Weerasinghe, Sri Lanka’s recent experience with low inflation and a brief period of deflation has positively impacted the nation’s economic recovery. Weerasinghe addressed the media, stating,…
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Sri Lanka’s stock market ends in the red, with increased turnover driven by large trades.
FINANCIAL CHRONICLE – On Tuesday, the Colombo Stock Exchange witnessed a decline, as reported by their official data. The All Share Price Index (ASPI) fell by 0.12 percent, equating to a drop of 26.06 points,…
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