Amid concerns that the Central Bank would be forced to put breaks on its current stimulus drive anytime soon to arrest the rising prices, Standard Chartered Bank (StanChart) expects the current dovish stance would remain through the end of 2021.

Pleas for relief packages from the government to stay afloat continues with the latest call being made by the Sri Lanka Retailers’ Association (SLRA), for support to brave through the ongoing crisis.

The Monetary Board is likely to maintain the current low interest rates at its upcoming Monetary Policy meeting to provide further support to the economy, which was knocked off course by the third wave of the pandemic, although any moves beyond that

The government’s efforts in speeding up the vaccination drive across the country was well received by the local business community as it is the only viable path to facilitate the reopening of the country, Sri Lanka’s largest oldest business chamb

The Colombo Stock Exchange (CSE) has taken the initiative to introduce a new Over the Counter (OTC) platform to carry out REPO transactions on debt securities.

Dialog Axiata PLC could invest half a billion rupees annually in its finance company subsidiary to stay above the minimum regulatory capital needs, although that will not pressure the leverage or the rating of the parent company due to its higher deb

Sri Lanka’s banks would do well in 2021 despite the temporary setback in the second quarter due to virus related-restrictions as demand for private sector credit picks up on the expectation of possible recovery in economic activities during the rem

Banking veteran Nilantha De Silva, who is already on the board of Hatton National Bank PLC (HNB), has been appointed as the new Chairman of Sri Lanka’s second largest private bank, with effect from July 5, 2021.

Sri Lanka’s largest tourism trading association yesterday warned the government that the continuation of maintaining tight regulations is detrimental to the hard-hit industry and said that the limited easing makes little to no sense.

Janashakthi Insurance PLC has appointed ace cricketer Mahela Jayawardene to its board of directors as a Non-Executive/Independent Director, with effect from July 5, 2021.

If the government and Central Bank (CB) continue to hold onto the current short-term policy measures, without honestly addressing the worsening crisis in the country’s external account, the Sri Lankan rupee is likely to come crashing down even beyo

Sri Lanka’s foreign currency debt repayment schedule for 2021 showed that the country will have a less daunting task of meeting its foreign currency obligations in the remainder of the year,

JAT Holdings recently announced the firm’s intention to enter an Initial Public Offering (IPO) on 20th of July 2021.

Reiterating its commitment to expanding connectivity to every corner of the nation, Dialog Axiata PLC, the widest network in Sri Lanka, launched its 4,000th network tower in Thihawa village, Kurunegala, to further expand coverage to rural communities

First Capital Research (FCR) expressed optimism that Sri Lanka would hit its year-end target set for private sector credit in 2021, despite the temporary setback during the second quarter, which stemmed from the myopic restrictions imposed by the gov

Laugfs Gas PLC reported nearly a billion-rupee loss for the three months ended March 2021 (4Q21) as the company was repeatedly prevented from raising gas prices in tandem with the rising world market prices of LP gas, forcing the company to absorb lo

Although the Central Bank lifted its six-month long restriction on purchasing Sri Lanka issued International Sovereign Bonds (ISBs) in mid June, some banks will have only limited appetite to invest their dollar denominated funds in them, according to

The Central Bank last Friday tightened exchange controls on foreign exchange outflows on myriad transactions, including the ones made by companies for cross border investments,

Tourism industry stakeholders yesterday welcomed the decision made by the government to permit the industry to resume operations, a move that would allow the industry to stay afloat.

Concerns by Sri Lankan trade unions regarding the resolutions passed by the European Parliament and the possible risk of GSP Plus withdrawal were discussed yesterday, at the Foreign Ministry.

Access Engineering PLC, the pioneers in flyover construction in Sri Lanka, was recently awarded the sub-contract to construct a flyover at the Gatambe junction, a permanent solution to lessen the heavy traffic congestion at the Gatambe junction in Pe

Officials from 130 countries have agreed to overhaul the global tax system to ensure big companies “pay a fair share” wherever they operate.

The industry stakeholders must step up the efforts in maintaining the fresh aroma of the Ceylon Tea cuppa, as the gradual drop in the quality of the end product going unaddressed would result in the sector learning an expensive lesson, one that would

Indian cryptocurrency exchanges are scrambling to secure viable, permanent payment solutions to ensure seamless transactions after banks and payment gateways started cutting ties with them, six industry insiders said.

For the first time in Sri Lanka, Dialog Direct Cloud Connect (DDCC), powered by Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, has pioneered the means for Sri Lankan businesses to have a truly local cloud experience built to glo

The pandemic turned out to be a blessing in disguise for life insurers in Sri Lanka who have been grappling for years with low penetration levels compared to the regional peers as people became more conscious of their health amid the increased risk t

Following Securities and Exchange Commission (SEC) going on record saying that they had begun looking into the unusual share price fluctuation of LOLC Development Finance PLC (NIFL), the company’s Chairman Kapila Jayawardena, yesterday had written

NDB Bank this week disclosed that they have secured a long term funding line of US$ 75 million from the Development Finance Corporation of the United States to further the bank’s support for Small and Medium businesses and infrastructure funding du

Chinese ride-hailing giant Didi Global has ended its first day on the New York Stock Exchange with a valuation of US$ 68.49 billion (£49.6 billion).