Amidst adverse economic conditions, compounded by a month-long island-wide lockdown, JAT Holdings reported outstanding performance in 1Q of FY22, with a record revenue of Rs. 1.4 billion during the period.

CEAT Kelani Holdings has announced a production increase of 84,000 radial tyres per year for passenger cars and vans, in its second expansion in this segment within the past four months.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), which has played a leadership role across the South Asian region over many decades to develop the accounting profession, conducted a programme aimed at facilitating technical support

The Central Bank was able to maintain net absorptions of foreign exchange amid the most difficult circumstances created in the domestic foreign exchange market with slowdown in inflows, and heightened outflows with regard to imports and other foreign

The Colombo Stock Exchange (CSE) has decided to revisit the methodology of ASPI computation to determine the possibility of index movements being linked to the public float (as opposed to the total market capitalization which is the current practice)

The Cabinet of Ministers, concerned by the current pressure on foreign liquidity, which has been fast drying up, has decided to authorize a study to explore the possibility of further raising the amount of mandatory conversions out of export proceeds

Setting the record straight, the Central Bank Governor Professor W.D. Lakshman last week reiterated that there is neither a serious discussion nor intention to seek the support of the International Monetary Fund (IMF) to overcome the current economic

The Securities and Exchange Commission of Sri Lanka (SEC) along with the Colombo Stock Exchange (CSE) continue to drive digital advancement in Sri Lanka’s capital market with the launch of the second phase of the digitalization of the Stock market

Pressures on Sri Lanka’s economy have sent food prices soaring in recent months, and June witnessed the highest increase according to Advocata’s Bath Curry Indicator (BCI), which showed changes in food prices recording a jump to 14.3 percent.

While Sri Lanka will get over the near term foreign currency debt challenges with recent measures taken,

As 2021 hits its halfway mark, the Hambantota International Port (HIP) has recorded an overall growth in their volumes and diversification of services.

A friendly meeting between the High Commissioner of Bangladesh to Sri Lanka Tareq Md Ariful Islam and the Chairman of the Sri Lanka Ports Authority (SLPA) Capt. Nihal Keppetipola was held recently.

Maga Engineering has been awarded the contract for the design and construction of new Railway Operation Headquarters (OHQ) and Train Control Centre (TCC) in Maradana.

Emerald Sri Lanka Fund, a pioneering private equity fund that supports small and mid-sized businesses in Sri Lanka, has announced its divestment in Panasian Power PLC (PAP), one of Sri Lanka’s leading renewable energy solution providers and supplie

R I L Property PLC yesterday acquired 62 percent of renewable energy player Panasian Power PLC, for Rs.1.65 billion.

The United States is contributing to Sri Lanka’s economic resilience through the provision of a financial facility of US $ 150 million.

Additional interest up to 2 percent per annum will be extended for two years for Special Deposit Accounts (SDAs), the Central Bank said yesterday.

The Central Bank this week said local companies, barring companies engaged in the finance business, are permitted to purchase the International Sovereign Bonds (ISBs) issued by the Sri Lankan government in the secondary market.

Canada-based Ceylon Graphite Corp., which is involved in the exploration and production of graphite in historic resource jurisdictions in Sri Lanka, this week announced the execution of a memorandum of understanding (MoU) dated June 30, 2021, with tw

The Asian Development Bank (ADB) and Government of Sri Lanka yesterday signed loan agreements for US $ 150 million under the Asia Pacific Vaccine Access Facility (APVAX) for the procurement of vaccines and other related consumables.

Sri Lanka’s foreign exchange reserves were maintained at US$ 4.0 billion by June-end, virtually unchanged from a month ago, but the buffer could dip if the full line up of inflows does not materialise to make up for the billion-dollar outflow sched

JAT Holdings hosted an informative virtual investor forum yesterday for their upcoming Initial Public Offering, following the official launch event held on the same day.

Alliance Finance Co PLC (AFC) has renewed its partnership with FMO, the Dutch Entrepreneurial Development Bank, by receiving a fresh funding line of US$ 10 million in June 2021 to financially empower and facilitate the development of the micro, small

Following the appointment of Bail Rajapaksa as a national list MP, he assumed duties of Minister of Finance yesterday morning, taking over key responsibilities related to macro-economic policies, annual budget, fiscal management, local and foreign sa

The government’s decision to relax rules for incoming passengers from non-travel restricted countries was well received by the tourism sector, which remains optimistic of further easing of regulations in the coming months once 60 percent of the pop

Despite the government’s assurance that the country is in possession of sufficient fertilizer stocks for tea plantations for the remainder of the year, the tea industry forecasts 10-15 percent hit on tea output in the fourth quarter of this year if

While maintaining its concerns over Sri Lanka’s medium-term debt sustainability, London-based Barclays Bank recommended investors to purchase the country’s short-dated International Sovereign Bonds (ISB), as the immediate risk of a debt-adjustmen

The Cabinet of Ministers this week approved a proposal to allow entrepreneurs and investors to disclose and invest their undisclosed incomes and assets a.k.a. black money, subject to only one percent tax on voluntary disclosure.

SriLankan Airlines will resume weekly flights to the Russian capital Moscow, from July 30.

Sri Lanka attracted a total of 1,614 tourists in June, bringing the total number of arrivals for the first half to 16,908.