Despite the lockdowns, both manufacturing and services activities expanded in September from a contraction in August indicating that economic activities have mostly adjusted to operate safely under the guidelines, although rising global commodities p

While commending the government’s decision to allow imports of nitrogen-based fertilizer for the tea industry, the Planters’ Association of Ceylon (PA) called for the distribution to be fast-tracked in order for the tea sector to immediately reco

Verité Research hosted the online discussion themed ‘Steering out of the Debt Crisis: Recipe for Budget 2022’ on October 14th.

The Sri Lanka Association for Software Services Companies (SLASSCOM) has embarked on yet another pioneering initiative, this time to achieve its goal of social transformation, creating an impact through technology, by launching the SLASSCOM Foundatio

The Sri Lanka Export Development Board (EDB) Advisory Committee on Ornamental Fish Exports was established on October 12th, and the first meeting was held via Zoom under the patronage of Trade Minister Bandula Gunawardane.

MTI Consulting has just completed an assignment to independently review possible repercussions and opportunities for Pakistan’s economy in case it decides to accede to WTO’s Information Technology Agreement (ITA).

The Court of Appeal has ordered to set aside a decision made by the Divisional Secretary of Hanguranketha to award a sum of Rs.14 million as compensation for a land acquired from the co-owners of Joansland Estate, in the Nuwara Eliya district and hel

Commercial Bank of Ceylon has become the first bank in Sri Lanka to link the Import and Export Control Department (IECD) to a digital platform with LankaPay, enabling customers to pay their licence fees to the department conveniently, without having

The budget for 2022 is scheduled to be presented in Parliament on November 12 and the final vote on budget is set on December 10.

As Sri Lanka gears up to revive its tourism sector, the island nation has secured a position as one of ‘The Best Countries to Travel to’ by the Conde Nast 2021 Readers’ Choice Awards.

Thilak Weerasinghe, representing Lanka Sportreizen, was unanimously re-elected as President of the Sri Lanka Association of Inbound Tour Operators (SLAITO).

Trade Minister Bandula Gunawardena has appointed several Export Advisory Committees to overlook 24 sectors for the 2021-2026 period.

The U.S. Agency for International Development’s (USAID) Private Sector Development project signed a memorandum of understanding (MoU) with Hatton National Bank PLC (HNB) to expand financing to micro, small and medium enterprises (MSMEs) in Sri Lank

Legal approval has been received for mobile number portability (MNP), Telecommunications Regulatory Commission of Sri Lanka (TRCSL) Director General Oshada Senanayake said.

Moneys sent back by Sri Lankans working abroad continued their descent for the fourth consecutive month in September, further widening the gap between the cumulative remittance income received during the nine months in 2020 and 2021.

The conditions that mostly favour a suppliers market at present with higher global commodities prices could soon start changing to a buyers market in which the latter starts commanding terms, when supply chains begin to come out of the current strain

As the government is dealing with some strenuous fiscal conditions amid the steep loss of revenues inflicted by the prolonged pandemic, it has resorted to some sizeable spending cuts on social and welfare expenditure as well as capital expenditure fo

The government plans to draft legislation to update the Civil Procedure Code (Chapter 101) to permit the use of modern communication methods such as mobile phone messages and emails for the process of issuance and service of summons in a lawsuit.

The Cabinet of Ministers this week gave its approval to formulate new cybersecurity legislation in two separate bills including a ‘Defence Cyber Commands’ bill and a separate bill covering general cybersecurity laws including provisions to estab

The government’s move to withdraw the several gazette notifications that imposed price controls is a step in the right direction, said Colombo-based economic think-tank Advocata Institute while pointing out that the step fosters competition and imp

Trend setter in the supermarket industry, Softlogic Glomark has expanded its presence to Negombo, with another one of a kind global supermarket experience.

Anods Cocoa (Pvt.) Ltd, which offers a premium selection of chocolates to the consumer, took a bold step to tap into several strategic export markets under the brand name Puredale Nature’s Crest, to support the national economy overcome the current

H-Connect International, a fully-owned subsidiary of The Hirdaramani Group and a leading provider of global business process management (BPM) services, announced the appointment of Deshaka Perera as Chief Operating Officer.

Hemas Consumer Brands is guided by its moral compass: its values. It is those values that hold it together in meeting success and providing its customers with high-quality products with the best standards.

Hemas Holding PLC has divested its entire stake in its sub-subsidiary Spectra Logistics (Pvt.) Limited for Rs.1.27 billion to GAC Logistic (Private) limited.

In a major step towards supporting the private sector in Sri Lanka amid a significant economic downturn, IFC yesterday announced the issuance of its first-ever rupee-denominated bond in the country.

State-owned National Savings Bank (NSB) has successfully raised Rs.11.54 billion via an unlisted rated redeemable senior debenture issue, through private placement.

Top business cycle economist and senior banker Dr. Kenneth de Zilwa has been reappointed as Chairman of the Financial System Stability Consultative Committee (FSSCC) of the Central Bank, with effect from October 6, 2021, by the newly-appointed Govern

Sri Lanka braving through the present economic challenges and getting on the recovery track would require the government to focus on ensuring the resources are equally distributed throughout society in the 2022 budget and make sure the effort is at t

Industrial production, which measures the country’s manufacturing firepower, added a little bit more strength in August, as the apparel sector gained steam with manufactures ramping up production amid strong order books.