The authorities appear to have largely contented with the pace of credit growth into the key sectors of the economy through the first half of this year, since they set forth an ultra-accommodative monetary policy stance along with targeted measures t

Sri Lanka’s tea export volumes in July declined by 8.9 percent year-on-year (YoY) to 25.54 million kilos, driven by the restricted shipping logistics combined with the possible disruptions caused by the latest COVID-19 wave, according to Forbes and

Some local banks have temporarily suspended issuing payment cards or commonly known as ATM cards to their customers, due to a supply hiccup caused by the shortage of microchips embedded in such cards globally.

Samsung, Sri Lanka’s number 01 consumer electronics and smartphone brand, has introduced a new UV sterilizer with wireless charging that can be used to quickly disinfect any smartphone, buds, spectacles, and smartwatches in just 10 minutes, whereve

Sri Lanka Export Development Board (EDB) is planning to hold the 24rh Presidential Export Awards ceremony for the financial years 2019/20 and 2020/21 on December 3rd at the Bandaranaike Memorial International Conference Hall (BMICH) under the patrona

The Ceylon Chamber of Commerce in collaboration with the Australian Government-funded Market Development Facility (MDF) will host a series of events titled, ‘The Business Case for Climate Change Adaptation for Agribusinesses,’ to increase awarene

Breaking barriers in the non-bank financial services space, First Capital introduces ’digital onboarding’ to facilitate non-face-to-face account opening for unit trusts and government securities clients for the first time in Sri Lanka.

The 9th Capital Market Conference (CAPM) is scheduled to be held today (August 24).

After reports and a bevy of queries if certain foreign currency transactions via credit and debt cards are restricted, the Central Bank reiterated that no such restrictions were imposed nor additional charges had been levied on credit card payments m

The Central Bank intends placing a ceiling on rates of dollar deposits held by exporters in a bid to narrow the gap between the rates offered between the deposits denominated in rupees and dollars, and rupee loans.

The Central Bank has assisted importers in clearing their shipments since the country started experiencing foreign exchange shortages amid slowdown in foreign earnings and sizeable foreign debt settlements.

Backed by government support, Sri Lanka solar industry is upbeat over the ability of achieving 2700 MW target in installed capacity by 2030, which in result stands to save as much as US$ 495 million in foreign exchange outflows per annum to the count

Sri Lanka is expecting to receive the US$ 250 million swap facility entered into with Bangladesh Bank in multiple tranches starting immediately and a few other inflows during the month of August as part of the stop-gap measures by authorities to rebu

Sri Lanka is holding discussions to explore the possibility of obtaining credit lines from importing countries for big ticket imports such as petroleum to lessen the burden on the foreign exchange and thereby the balance of payment created by the pan

Gas World (Pvt) Ltd, a wholly owned subsidiary of Industrial Gases Pvt Ltd, recently announced its plans to add yet another ASU plant to increase their Medical and Industrial Oxygen production capacity.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will host two important accounting assemblies in Colombo in October this year.

The Institute of Policy Studies of Sri Lanka (IPS) in collaboration with the Sri Lanka Medical Association (SLMA) and the Center for Policy Impact in Global Health of the Duke University, USA, has organised a Virtual Policy Dialogue on ‘Planning fo

On 25 June 2021, the first-ever Standard Operating Procedures (SOP) manual for Wilpattu National Park was handed over to the Department of Wildlife Conservation.

Abans PLC has reported a commendable performance in 1Q22, despite the pandemic-induced economic slowdown intensified by a month-long island wide lockdown.

Norwegian Ambassador Trine Jøranli Eskedal called on Finance Minister Basil Rajapaksa yesterday.

The concerted efforts by Sri Lanka Tourism to promote the island globally through its integrated and strategic campaign continues to bring attention to the island.

Sri Lanka’s only local cement manufacturer continues to supply its range of retail and industrial cement products to the market and geared up its production to full capacity.

Samsung, Sri Lanka’s No.1 smartphone brand, recently launched Galaxy Tab S7 FE in Sri Lanka.

The Ceylon Chamber of Commerce (CCC) recently held an informative webinar to brief the prospective applicants for Best Corporate Citizens Awards 2021 (BCCS Awards).

The Confederation of Micro, Small and Medium Industry Sri Lanka (COSMI) requests the President to shut down the country for a minimum period of two weeks, in order to break the fast escalating fourth wave of the pandemic within the country.

During the time of the Covid-19 pandemic, which is rapidly spreading across the island, the people living in rural areas face greater risks due to the lack of facilities and resources.

The Colombo Stock Exchange (CSE), stockbroker firms and the staff of the Securities and Exchange Commission of Sri Lanka (SEC) collaborated recently on a community engagement project focused on donating Rs. 9.6 million worth COVID-19 related medical

HSBC has committed Rs.48.2 million for Project CORE (Climate-smart Opportunities through Restoration and Education): a first of its kind, science-backed restoration initiative combining nature-based knowledge, ecosystem best practices, youth involvem

Ceylinco Life recently celebrated the 20th edition of its ‘Pranama’ scholarships programme with its first ever virtual ceremony to felicitate and reward 162 students who excelled in academic and extracurricular activities with Rs 11.8 million in

Continuing its efforts to support the lives and livelihoods of people along with preserving the nation’s rich heritage in its newest initiative, Pan Asia Bank is partnering the Irrigation Department to rehabilitate rural area tanks and anicuts unde