Last Updated : 2021-03-08 11:27:00
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Mon, 08 Mar 2021 Today's Paper
29 Jan 2021
Sri Lanka’s tea industry ended the year 2020 on a dampened note as both production and exports witnessed a contraction compared to the previous year with the global pandemic leaving negative implications on
28 Jan 2021
The Colombo Stock Exchange (CSE) yesterday saw a changing of the guard with the diversified LOLC Holdings dethroning the long-time top dog John Keells Holdings PLC (JKH) as the most valuable listed entity on the CSE.
27 Jan 2021
After securing the Cabinet nod to increase the daily minimum wage of plantation workers up to Rs.1000 under the provisions of the Wages Board Ordinance, Labour Minister Nimal Siripala de Silva has issued one-week ultimatum to Regional Plantation Companies (RPCs) and plantation sector trade unions to reach a consensus to implement the proposed wage hike through the collective bargaining process.
26 Jan 2021
Sri Lanka’s state-run Bank of Ceylon (BOC) and People’s Bank (PB) are likely to secure a US $ 180 million loan from China-led Asian Infrastructure Investment Bank (AIIB), under sovereign guarantees.
25 Jan 2021
Sri Lanka’s fiscal deficit for the first 10 months of 2020 expanded by nearly Rs.488 billion from the same period in 2019 as revenues, mainly coming from taxes declined. According to the latest fiscal data available from January through October, the government recorded a budget deficit of Rs.1, 317.2 billion compared to Rs.829.3 billion in the same period in 2019.
23 Jan 2021
Turnover tops Rs.12.8bn amid highest number of trades carried out in a single day
The Colombo Stock Exchange’s (CSE) phenomenal ascent continued yesterday also, renewing records set just the previous day and market turnover hitting double-digits.
22 Jan 2021
Sri Lanka’s stocks yesterday hit fresh highs with benchmark All Share Price Index (ASPI) crossing the 8,000-point mark for first time in Colombo Stock Exchange’s (CSE) 35-year history amid more than dozen Hayleys group companies announcing share splits.
21 Jan 2021
Sri Lanka has recorded an income of US $ 9.9 billion from merchandise exports in 2020, surpassing the US $ 9.5 billion new target set in the middle of the year, after the pandemic crippled trade flows, forcing the authorities to revise down the US $ 13.5 billion target set at the beginning of the year.
20 Jan 2021
While deciding to keep policy rates unchanged at the maiden policy meeting held for this year on Monday, the Monetary Board of the Central Bank yesterday announced the introduction of lending targets for small business to accelerate the money flow into the productive economy.
19 Jan 2021
The indices at the Colombo Stock Exchange (CSE) entered new territory yesterday, breaking all the previous records, while recording over Rs.12 billion turnover for the second consecutive day, amid heightened market activity.
18 Jan 2021
With the latest attempt to reach a consensus between Regional Planation Companies (RPCs) and trade unions on a wage structure to grant Rs.1, 000 minimum daily wage to plantation workers bearing no fruit, Labour Minister Nimal Siripala de Silva is looking forward to seek the approval of the Cabinet of Ministers this week to grant the proposed wage increase under the provisions of the Wages Board Ordinance.
16 Jan 2021
The Colombo Stock Exchange (CSE) continued its bull run full steam ahead yesterday, smashing records and setting new ones, amid tremendous local investor bullishness, though foreigners continued to keep away.
15 Jan 2021
The first phase of South Asia’s largest tyre manufacturing plant, Ferentino Tyre - which was formerly known as Rigid Tyre - was opened by President Gotabaya Rajapaksa yesterday.
14 Jan 2021
President Gotabaya Rajapaksa yesterday stressed that the East Container Terminal (ECT) of the Colombo Port would not be sold or given on lease to any outside party.
13 Jan 2021
The continuing poor performance of rubber plantations could pull down the entire industry in the near future, including the manufacturers who are making steady progress, unless new strategies are conceptualised, a senior industry representative said.
12 Jan 2021
LanwaSanstha Cement Corporation Limited expects to commission the operations of its US $ 75 million state-of-the-art cement manufacturing cement plant in May this year, adding three million metric tonnes (MT) to Sri Lanka’s cement output.
11 Jan 2021
Amid continuous opposition from the Regional Plantation Companies (RPCs) to implement the proposed Rs.1, 000 daily wage for plantation workers, Labour Minister Nimal Siripala de Silva is expected to present a proposal to the Cabinet of Ministers today compelling the RPCs to grant the wage increase.
09 Jan 2021
Indian External Affairs Minister Dr. S. Jaishankar on Thursday interacted with the captains of Sri Lankan business and industry that represented prominent business conglomerates and manufacturing entities in the country.
08 Jan 2021
The local tourism sector was issued with a fresh set of health guidelines this week to accommodate international travellers in the coming months with the anticipated opening up of the country’s airports for tourism by end of this month.
07 Jan 2021
Sri Lanka’s tea output is projected to recover this year, following an estimated 10 percent or 30 M/Kgs year-on-year (YoY) decline in the output in 2020, mainly due to the adverse weather conditions prevailed in the country, according to Forbes & Walker Tea Brokers.
06 Jan 2021
The World Bank projects Sri Lanka’s economy to grow at the modest rate of 3.3 percent this year before decelerating to 2 percent in 2022, the global lender said in its January 2021 Global Economic Prospects report released this week.
05 Jan 2021
With Sri Lanka’s economy estimated to have recorded a contraction in 2020, the country’s Central Bank (CB) yesterday assured continuous monetary and fiscal interventions to support the economy to regain its “lost momentum” to the COVID-19 pandemic and to return to the envisaged high growth path.
04 Jan 2021
Losses of State-owned enterprises (SOEs) spiked to Rs.10.4 billion in the eight months to August, 2020, from a combined loss of Rs.1.1 billion in the whole of 2019, predominantly due to the earnings swoon in key State-run banks and the insurance company.
02 Jan 2021
Headline inflation, as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index (CCPI) increased marginally to 4.2 percent in December 2020 from 4.1 percent in November 2020.
01 Jan 2021
The Sri Lankan stock market ended 2020 on a positive note yesterday, marking a year in which the Colombo Stock Exchange (CSE) has seen indices indicate noteworthy resilience and attract record-breaking levels of trading activity.
31 Dec 2020
Stakeholders of Sri Lanka’s tourism industry yesterday assured that the ongoing pilot project carried out as a first step towards re-opening the country for tourists, is going ahead as planned despite some expected hiccups, for which appropriate courses of action has been planned out.
30 Dec 2020
The Ministry of Tourism on Sunday (27) put out a set of modified protocols that are to be followed and the responsibilities of each stakeholder so that the execution of the ongoing pilot project aiming to review the country’s tourism industry amid the COVID-19 pandemic is successfully carried out.
28 Dec 2020
President Gotabhaya Rajapaksa on Saturday (26) visited Pahalagama, Elapattu in Anuradhapura and inspected the damage caused to maize cultivation by the fall armyworm caterpillar.
25 Dec 2020
Sri Lanka’s merchandise export earnings suffered for the second consecutive month in November due to the adverse impact of the second wave of COVID-19 pandemic that began in early October, which slowed down manufacturing and disrupted port related activities.
24 Dec 2020
Taking a cue from the success of the smallholder sector, Sri Lanka’s Regional Plantation Companies (RPCs) have handed over a fresh proposal aimed at radically expanding worker earnings during a recently concluded meeting with the Labour Minister and trade union leaders.
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