In an attempt to mitigate the pressure on forced selling and its impact on overall market performance when the market re-opens today, the Security and Exchange Commission (SEC) of Sri Lanka has relaxed regulatory margin levels on credit facilities ex

Soaring interest rates in the economy is seen as a welcome factor for life insurance companies, specially the ones with large life funds as that could significantly enhance their investment incomes and potential lower transfers to insurance contract

The Central Bank, making good on a policy promise made on April 8, removed rate caps applicable on select lending products in view of the sharp rise in bank lending rates and thereby allowed the banks to decide on their respective pricing of loans de

Sri Lanka’s consumer prices measured by the National Consumer Price Index hit a fresh high in March 2022 as the headline prices soared 21.5 percent over the same month a year earlier reflecting that the country has fast entered into a hyper inflati

Leading private sector stakeholders of the tourism industry yesterday joined hands in appealing yet again to the government to change the leadership at the Sri Lanka Tourism Development Authority (SLTDA).

It has come to light that the decision to fully float the currency without any anchor on March 7 was unilateral as the collective decision by the Monetary Board was to devalue it only up to Rs.230 to a dollar.

An immediate flare up is seen in remittances after the rupee float appeared to have fizzled out, as the March remittance income had come just about half of what was witnessed in the same month last year.

Sri Lanka saw the establishment of a global campaign to hold political elites and their allies accountable with the launch of the Global Centre for the Monitoring and Prevention of Political and Economic Crimes in Sri Lanka.

Israeli film production house United Channel Movies (UCM) is currently in Sri Lanka to shoot its latest feature film ‘Arugam Bay’ in the eastern region of the island nation.

The tea exports for the month of March 2022 totalled 23.17 Mnkgs, showing a decrease of 2.64 Mnkgs when compared with the corresponding month of the previous year.

This week’s Colombo Tea Auction saw that the overall volumes were barely maintained around 5.0 MnKgs. However, there was excellent demand all-round with prices often strengthening substantially as the sale progressed.

The Committee on Public Accounts (COPA) has made recommendations to the Excise Department to expedite the preparation of the Computer Data Base System to streamline the process of calculating the excise revenue.

World stocks hit five-week lows, U.S. stock index futures indicated a lower Wall Street open and bond yields soared to multi-year highs yesterday as investors brace for rate hikes in the United States, Britain and the euro zone.

The plantation sector yesterday said its activities are coming to a standstill due to the government failing to take the necessary action to allow industry to function with minimal impacts amidst the ongoing turmoil.

Sri Lanka has further relaxed the entry requirements to the country by removing the need for on-arrival PCR tests for non-vaccinated and partially vaccinated travellers.

Sri Lanka is becoming a popular example in the South Asian region as to how an economy should ‘not’ be managed with poor decision making that supports political agendas instead of prioritising the wellbeing of the people.

Following MAS Holdings, Dialog Axiata PLC and John Keells Holdings yesterday joined the people’s call for systemic change and good governance.

Despite concerns on Sri Lanka’s worst-ever economic crisis spiraling into port operations, transshipment container volumes at the Port of Colombo recorded a modest 5.2 percent year-on-year (YoY) growth in March while import and export container vol

India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters this week, a step that could aid New Delhi’s goal of reducing China’s influence on the island nation, now grappling with a severe economic crisis.

The industrial production in February has endured the troubles in the macro-economy, which caused authorities to impose daily power cuts from around the mid part of the month, although the index reflects the brewing challenges underlying the sector.

India will provide an additional US$ 500 million in financial assistance to Sri Lanka for it to buy fuel, Sri Lanka’s Foreign Minister told reporters on Wednesday, adding Bangladesh was also willing to postpone a US$ 450 million in swap repayments.

The Delegation of the European Union in Sri Lanka (EU) and Sri Lanka Tourism Development Authority (SLTDA) awarded the first three grants worth of Rs.1 million rupees each to small tourism enterprises to help them accelerate their post-COVID recovery

Watawala Dairy Limited Chief Executive Officer Binesh Pananwala was unanimously elected as the new President of the All-Island Dairy Association (AIDA) at the private sector body’s third Annual General Meeting, which was held virtually.

The World Bank (WB) expressed its deep concerns on the ongoing economic crisis in Sri Lanka, especially its impact on the livelihoods of the people.

Former Central Bank Governor Ajith Nivard Cabraal in a statement yesterday said the decision to float the rupee taken by the Monetary Board chaired by him is being continued by the current Central Bank governor and Treasury secretary.

As the prevailing foreign exchange crisis in Sri Lanka has severely impacted the country’s dairy industry, the All Island Dairy Association (AIDA) yesterday called for immediate action to prioritize the importation of raw materials to help sustain

The Treasury bill yields continued their upward trajectory across the tenures, albeit at a much more modest level than the last two weeks, with the one-year bill yield surpassing 24 percent.

Sri Lanka could begin tapering off its nearly Rs.2.0 trillion balance sheet after the rates were hiked and start ending injecting new liquidity through Treasury bills and bonds, as the government is reforming its own finances with a substantial cut i

As the March quarter earnings season began yesterday, with Asia Asset Finance PLC becoming the first corporate to release the interim financial accounts, stock market analysts say this could be the final quarter that the listed entities could see a d

Apparel manufacturing giant MAS Holdings yesterday called on the nation’s leaders to heed the voice of the people and act on it, while respecting legal and constitutional due process.