The Planters’ Association of Ceylon (PA) yesterday called on government and Public health officials to ensure that estate sector workers are made a top priority in the COVID-19 vaccination drive, given their essential contributions to the national

Sweden-based global asset management company, Tundra Fonder’s Tundra Sustainable Frontier Fund has subscribed to an equity stake in WindForce Limited by taking part in the Fund’s first IPO issuance in Sri Lanka.

Sri Lankan banks became extra cautious and extremely prudent when accounting for the losses that might arise from the possible bad loans on the facilities that were on moratoria through March 31, 2021,

Oil prices were lower yesterday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude.

While the overall asset quality in the banking sector improved sharply, despite the worst predictions and pandemic-related headwinds, the loans to the manufacturing sector reported the highest non-performing loans (NPLs) compared to the other key sec

Sri Lanka’s hard-hit tourism sector, which has entered into a path of gradual recovery, could be in for another slowdown, as its key source markets are grappling with the third wave of the COVID-19 pandemic.

Sri Lankan shares closed lower yesterday, led by losses in industrial and financial stocks, as a surge in coronavirus cases stoked fears of fresh restrictions in the country.

ICRA Lanka Limited yesterday said private sector credit is likely to have expanded at similar pace or faster in March, after a spurt in private credit in February, which defied its earlier expectations.

Another solid earnings season is about to get underway as listed companies are set to report their financial performance for the January-March quarter shortly, providing a catalyst for the share market, which took a breather after the wild run in Jan

Sri Lanka’s vehicle registrations were observed to be keeping up with the recovery witnessed in February this year, although March figures show a marginal month-on-month (MoM) dip of just two units.

The Central Bank’s net purchases of foreign currency from the domestic foreign exchange market reached the highest since August 2020 as the monetary authority continued to accumulate foreign exchange despite the recent volatility seen in the rupee

Earnings from merchandise exports flirted to near pre-pandemic levels in a sign of gradual recovery of international trade with the normalising of economic activities in Sri Lanka’s key export markets.

While expressing full confidence on the government’s willingness and ability to honouring future debt obligations, a leading asset manager wants the Central Bank (CB) to consider offering higher interest rates for future US$-denominated Sri Lanka D

Oil rose above US $ 67 a barrel yesterday, gaining for a fifth session, as a stronger demand outlook and signs of economic recovery in China and the United States offset rising COVID-19 infections in some other major economies

Asian markets rose yesterday as record Chinese economic growth reaffirmed the country’s strong recovery, while traders tracked a Wall Street surge fuelled by blockbuster reports on US consumer spending and jobless claims.

China’s economy expanded at a record pace in the first quarter as the country continued its rapid recovery from last year’s pandemic-fuelled slump, official data showed yesterday.

The Maldives will soon offer visitors vaccinations on arrival as part of its three-pronged initiative aimed at reviving the country’s hard-hit travel sector, according to its tourism minister.

Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East. The US banking group will instead run these operations from four hubs in Singapore, Hong Kong, the United Arab Emirates and London.

From May 1, 2021, Singapore Airlines will increase its flight frequency to Sri Lanka from three times to five times weekly, operating the Airbus 350-900MH aircraft.

The secondary market yields of the Sri Lanka issued International Sovereign Bonds (SLISBs) fell soon after the country secured the second tranche of the China Development Bank loan for budget support, propping up its reserves.

Sri Lanka’s manufacturing activities recorded a nine-month high in March while the services sector maintained its growth momentum for the fourth consecutive month, the Purchase Managers’ Index (PMI) released by the Central Bank showed yesterday.

A fresh set of criteria was issued by the Monetary Board in respect of future borrowings made by the licensed finance company sector in foreign currency in order to minimise unwarranted volatilities in the sector and also to provide a risk management

The container throughput at Port of Colombo recorded a slowdown in the first two months of the year driven by declines in domestic and transshipment volumes due to global developments and sluggish trade.

Economist Deshal de Mel has been appointed as an Independent Non-Executive Director of Janashakthi Insurance PLC with effect from April 15, 2021.

The local confectionery industry will come under stress in the coming weeks as a shortage of palm oil, due to the overnight ban imposed by the government, will negatively impact the sector’s output and lead to a possible price increase for consumer

Industrial production, which primarily measures the manufacturing heft of local factories, slipped in February from the levels seen in January, but apparel and textiles manufacturing made stronger gains continuing the momentum set forth this year.

While Sri Lanka frequently engages with the International Monetary Fund (IMF) for technical assistance, and the two parties are also planning for the upcoming Article IV consultations towards the end of this year, the Central Bank reiterated that no

Once seemingly untouchable, Alibaba founder Jack Ma has endured a tumultuous run that saw his Chinese e-commerce giant hit with a record 18 billion yuan (US$ 2.75 billion) antitrust fine on Saturday, resolving one key uncertainty even as others persi