State regulators closed New York-based Signature Bank on Sunday, the third largest failure in the U.S. banking history, two days after authorities shuttered Silicon Valley Bank in a collapse that stranded billions in deposits.

HSBC has swooped in to buy the UK arm of collapsed US Silicon Valley Bank (SVB), bringing relief to the UK tech firms, who warned they could go bust without help.

Sri Lanka’s higher interest rates continued to yank credit to the private sector from banks as such credit recorded a sharper pull back to start the year in January.

Despite recent appreciation of the rupee and improvements in the external account, the government remains cautious on lifting...

Jobs growth in the US remained strong last month, as the world’s largest economy continued to defy expectations of a slowdown. Employers....

Sri Lanka received US$ 169.9 million from the tourism trade in February, slightly up from US$ 169.4 million in the same month, a year ago.

Saudi oil giant Aramco has announced a record profit of US$ 161.1billion (£134bn) for 2022, helped by soaring energy prices and bigger....

Sri Lanka’s market leader in project logistics and heavy cargo transportation, Advantis - Project Logistics, a subsidiary of the Advantis....

Sri Lanka may need deeper diagnosis and more robust correction mechanisms with regard to the crisis of governance to recover....

Silicon Valley Bank’s collapse last week sent tingles of panic down investors’ spines as it highlighted a larger problem across....

Workers’ remittance inflows continued their strong run in February as well with migrant Sri Lankan workers sending over US$ 400 million to their families who are undergoing difficult times.

AIA Sri Lanka has announced the appointment of Upul Wijesinghe as an Executive Director of the board of directors, with effect....

HNB Assurance PLC (HNBA) was honoured with the title of Best Life Bancassurance Provider in Sri Lanka 2023, for the third consecutive....

The nations’ insurer, Sri Lanka Insurance (SLIC), entered into a strategic partnership with the Cine Star foundation to provide a comprehensive....

Commercial Bank of Ceylon has opened the 270th branch in its Sri Lanka network in Anamaduwa, a rapidly developing area steeped.....

Asia Securities, Sri Lanka’s leading independent stockbroking and research firm, hosted an investment forum as part of its Wealth Insights....

In a bid to achieve long-term debt sustainability, senior economist Steve Hanke said Sri Lanka needs institutional reforms.

Sri Lanka is making good progress towards unlocking the International Monetary Fund (IMF) bailout package but its Restricted Default (RD) status would only come off after the debt restructuring process reaches completion, rating agency Fitch said yes

Selendiva Investments Limited Company and Selendiva Leisure Investments Limited, a real estate and property development company fully owned by the government Treasury, have informed the Supreme Court that the two companies are in the process of volun

The national tea sales average for the month of February 2023 recorded Rs.1,438.20 (US $ 3.96), which is a dip from the previous month.

The Global Research team of Standard Chartered Bank, which was in Sri Lanka recently, provided key insights on the global and Sri Lankan economic outlook at its research briefing.

Staying true to its brand ethos of delivering ‘The Future. Today.’, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, introduced ‘WiFi 6’ - the next-gen standard in Wi-Fi technology for the first time in Sri Lanka.

The loss-making state-owned entities in the power and energy sector will not receive incentives and will see limitations in their pay upgrades going forward.

The prime minister has said “confidence is returning” after official figures showed the economy grew by more than expected in January.

For the first time in history, the lots at the Colombo rubber auction went entirely unsold this week.

The US dollar-rupee exchange is likely to remain at Rs.300-325 range in the very near term, while up to US$ 1 billion inflows are expected into the country’s foreign exchange reverses over the next six-month period following the approval of the US$

Tourist arrivals to Sri Lanka crossed the 30,000 mark during the first eight days of March, bringing the cumulative arrivals for the year to-date to 241,270.

The Government of Japan has extended an additional US$ 6.6 million to the United Nations World Food Programme (WFP) to provide critical food and nutrition assistance to over one million Sri Lankans.

Due to combined effects of recent steep appreciation of the rupee and upturn in market performances, the Colombo Stock Exchange (CSE) has become the second-best performing stock exchange in the world just behind Laos, according to Bloomberg.

Central Bank Governor Dr. Nandalal Weerasinghe says inflation is likely to come down faster than earlier forecast, even by the Central Bank, and Sri Lanka could achieve the 4-6 percent preferred inflation band by early part of the fourth quarter of t