The currency in circulation rose the most during the first half of the year, as the Central Bank provided unprecedented stimulus by way of liquidity injections, which gained pace since the onset of the pandemic last year.

In what appears to be a sign of renewed optimism for the economy to jump start from the perceived setback in the second quarter, the Central Bank indicated it expects the banking sector to unleash anywhere north of Rs.800 billion in fresh private sec

Fitch Ratings has assigned Siyapatha Finance PLC’s (A(lka)/Stable) proposed Sri Lankan rupee subordinated listed debentures an expected National Long-Term Rating of ‘BBB+(lka)(EXP)’.

Rank Holdings fame Ravi Wijeratne yesterday announced a mandatory offer to acquire the remaining shares of SMB Leasing, after increasing his stake in the company over the 30 percent threshold, following a right issue.

Sanjeeva Jayawardena, President’s Counsel, has been reappointed to the Monetary Board of the Central Bank of Sri Lanka (CBSL), for a fresh term of six years, up to June 2027, by President Gotabaya Rajapaksa, consequent to his nomination being appro

Sri Lankan shares closed higher for a fourth straight session yesterday, helped by gains in financial stocks and consumer staples.

Sri Lanka has further eased restrictions for tourists by allowing quarantine-free entry for those fully-vaccinated, a step that would provide the much required impetus for the struggling industry.

The shipping industry is divided over the recent guidelines issued by the Director General of Merchant Shipping (DGMS), imposing caps on maximum charges payable by importers to service providers in recovering their import consignments, which was lobb

Manohari Abeyesekera, Director/Chairperson Audit Committee of National Savings Bank (NSB), has been elected by the CIMA Members to represent South Asia in the Chartered Institute of Management Accountants (CIMA- UK) Global Council for a three-year te

The Event Management Association Sri Lanka (EMASL) this week called on the government to stop giving the industry step motherly treatment since it is on the​​ brink of collapsing with hardly any work since the beginning of the pandemic.

WindForce Ltd., has been approved by the Institution of Engineers Sri Lanka (IESL) as a training organisation for graduate engineers for corporate membership in electrical engineering.

CIPM Sri Lanka aims to revamp the current landscape for employee reward management by producing specialized human resource professionals with a strong focus and understanding of its practical aspects through the recently announced Certificate Course

Sri Lanka Ports Authority (SLPA) has initiated the structural design work and preparation of tender documents for civil engineering work to develop and operate the East Container Terminal (ECT) under State’s full ownership.

The government has taken a decision to popularise electric vehicles in Sri Lanka, although the importation of personal vehicles to the country—electric or gasoline—had been completely barred since April 2020 amid the country’s dwindling foreign

Tourism sector stakeholders yesterday welcomed the appointment of Basil Rajapaksa as the Finance Minister, and expressed confidence in receiving his support for industry revival.

Tourism Ministry this week received the Cabinet nod to promote Sri Lanka as a favourable destination for ‘digital nomads’, an effort that would assist the hard-hit industry to steer though the new normal.

Browns Investment PLC (BIL), under which LOLC’s non-financial services businesses are structured, yesterday announced its move to acquire a luxury hotel in Mauritius owned by PL Resort Ltd.

Former MP Jayantha Ketagoda and National Youth Services Council Chairman Theshara Jayasinghe have been appointed as the new Chairmen of Sri Lanka Insurance Corporation (SLIC) and Litro Gas Lanka Limited.

Sri Lankan shares closed higher yesterday, boosted by gains in financial and consumer staples stocks. The CSE All-Share index settled up 0.60 percent at 7,913.47.

The Board of Investment (BOI) of Sri Lanka yesterday announced that it had successfully administered the first dose of vaccinations against the COVID-19 pandemic to employees of all 14 export processing zones across the country, while carrying out a

The Ceylon National Chamber of Industries (CNCI), the pioneering chamber for industries in the country, has organised a webinar on tripartite agreement and payment of salaries during the restricted periods.

Kumar Sangakkara and Mahela Jayawardena need no introduction when it comes to the world of cricket. What may be less commonly known is that they are also intrepid entrepreneurs, seeking out meaningful, quality investments to positively impact everyda

Leading global premium streaming platform STARZ has launched its direct-to-consumer Over-The-Top (OTT) app ‘Lionsgate Play’ in Sri Lanka, expanding its presence in Asia, following the successful launch of Lionsgate Play in India, followed by Indo

Sri Lanka finally having opened up to appoint a full-time finance minister could be the solution to iron out the issues faced in the country’s public finance management, according to Colombo-based think tank Advocata Institute, as the role requires

A press statement by the International Monetary Fund (IMF) Board yesterday said on July 9, IMF Managing Director Kristalina Georgieva submitted her proposal for a general allocation of Special Drawing Rights (SDRs) equivalent to US $ 650 billion to t

The government has infused fresh equity to the tune of Rs.45.7 billion to SriLankan Airlines in two tranches through April 2021, under the capital enhancement and restructure programme announced last year to help the airline stand on its own.

Brussels-based Belgian Investment Company for Developing Countries (BIO) has entered into an agreement with Sanasa Development Bank (SDB bank) to subscribe to 20 percent of the bank’s upcoming secondary public offering (SPO) by investing Rs.924.82

Sri Lanka’s banking sector performance indicators, including the mostly watched asset quality, capital adequacy, liquidity and shareholder returns, improved substantially in the first quarter of this year.

Sri Lankan shares closed higher yesterday, boosted by gains in industrial and consumer discretionary stocks.

For the first time in Sri Lanka’s history, Microsoft Corporation has recognised a Sri Lankan company with a main partner award during Microsoft’s Partner of the Year Awards for 2021.