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.

The prolonged closure of the Colombo Stock Exchange (CSE) is not a step in the direction in establishing an orderly and fair capital market, investment professionals have expressed in a recent survey.

Ceylon Tobacco Company PLC (CTC) announced the appointment of senior member of the Legal profession Kushan D’ Alwis, President’s Counsel, as an Independent Non-Executive Director to its Board with effect from 20th April 2022.

The General Manager and the Director of ISIN Lanka (Pvt) Ltd, Jatinder Biala retained his position as Chairman of the Free Trade Zone Manufacturers Association (FTZMA) as members voted in favour of extending the term of the current office for another

Joining the other two global rating agencies, Moody’s Investors Service on Monday cut Sri Lanka’s sovereign rating to Ca, one notch above the lowest in their rating scale from Caa2, after the country announced that it would suspend payments of mo

Sri Lanka’s tourist arrival rate has started to witness a dip in the month of April due to the ongoing economic crisis.

The Purchasing Managers’ Indices (PMI) for both manufacturing and services continued to expand during March, but the sub-indices reflected the brewing macro-economic challenges,

State-owned People’s Bank yesterday acquired Arjun Aloysius-owned W. M. Mendis & Company’s distillery located in Kaluwamodara, Aluthgama, after the company defaulted on its debt repayments, according to industry sources.

Sri Lanka’s request for a Rapid Financing Instrument (RFI) from the International Monetary Fund (IMF) has received a positive response form the multilateral agency, a Finance Ministry communiqué said.

Prices of confectionery items in the market will witness an increase in the coming days with manufacturers unable to absorb the shocks stemming from the economic crisis any longer.

Coca-Cola once again underscored its position as Sri Lanka’s No.1 beverage by bagging two awards – ‘Youth Beverage Brand of the Year’ and ‘Beverage Brand of the Year’ – at the SLIM Kantar People’s Awards 2022 held recently.

Dmaxx Dinara Clothing (Pvt) Ltd., won the Gold Award in the large-scale textiles and associated products category at the Industrial Excellence Awards 2022 organised by the Industrial Development Board (IDB).

Multichemi International Ltd under the brand name ‘dash’ recently launched their ‘dash 3 in 1 Super Detergent Powder’.