SriLankan Airlines has secured the Cabinet nod to call international tenders to procure its first dedicated freighter on lease basis as the airline eyes significant contribution from cargo segment to support its plans to return to profitability at th

Telecommunication companies, which became early winners of the pandemic, will continue to ride on that momentum, as Fitch Ratings this week painted a brighter outlook for the sector with an accelerated growth for broadband services through 2021.

The Cabinet of Ministers this week approved a proposal to empower 25,000 young female entrepreneurs in Samurdhi beneficiary households by initiating a new programme under ‘home-shop’ concept with a view to strengthen the local food distribution n

The confirmation of India’s Adani Group’s involvement in the West Container Terminal of the Port of Colombo failed to lift stock market sentiments yesterday, as both indices ended in red.

John Keels Holdings (JKH), Sri Lanka’s largest listed entity on the Colombo Stock Exchange (CSE) yesterday affirmed its involvement in the development of the West Container Terminal (WCT), and announced a concession agreement to carry forward the p

After banks were asked to come on board to provide extended relief on leases on passenger transportation sector, the finance company sector too has been requested to join the bandwagon to provide similar assistance to their borrowers as Central Bank

The Purchasing Managers’ Index (PMI) for February showed that both manufacturing and services activities in the country sustaining their expansion at robust levels while the expectations for further normalisation of business activities continuing

The foreign financing of the budget in 2020 continued to be in the negative as the government settled more of its outstanding loans to foreigners in the eleven months to November compared to net foreign borrowings in the same period in 2019.

India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class.

Twenty Regional Plantation Companies (RPCs) have filed a writ application in the Court of Appeal challenging the decisions of the Wages Boards for the Tea and Rubber Growing and Manufacturing Trade for deciding to increase the minimum wage of workers

Data showed that the Central Bank hasn’t sold a single dollar during February in defence of the rupee, although the currency came under pressure starting from the second week of January 2021.

Sri Lanka’s industrial production continued to hum as the index, which captures the manufacturing firepower of the country, added gains in January with wearing apparel making a comeback after a decline in December 2020.

Sri Lanka’s local cement production extended its growth momentum to January this year after recording 15.9 percent Year-on-Year (YoY) growth in 2020 driven by the pent-up construction demand following the slowdown during the first half of the year.

Sri Lanka was ranked among the countries with the poorest internet quality in 2020, according to a survey conducted by virtual private network provider, Surfshark.

More than two thirds of the foreign currency exposure of Sri Lanka’s banking sector to the State is on international sovereign bonds (ISBs) and development bonds while the rest composes of loans to the State and the State-owned enterprises (SOEs).

EFL Global LLC – USA, a fully owned subsidiary of Sri Lanka’s Expolanka Holdings PLC acquired three logistics companies in the United States (US) for US$ 2.2 million to expand its logistics operations based out of New York’s John F. Kennedy (JF

In what could be a new round of concessions for those who became a direct casualty of the pandemic effects, the Central Bank issued fresh instructions to provide payment holidays on leases on vehicles engaged in the passenger transport sector.

Money and Capital Market and State Enterprise Reforms State Minister Ajith Nivard Cabraal yesterday expressed surprise over the response of the International Monetary Fund (IMF), with regards to Sri Lanka securing a US $ 1.5 billion currency swap fac

People’s Bank yet again came forward to serve the national interests by extending support to the Sri Lankan government’s efforts to procure and import the first 500,000 doses of the Oxford/AstraZeneca vaccine to Sri Lanka.

Saranga Goonawardena was elected as the new Chairman at the Chamber of Young Lankan Entrepreneurs (COYLE) 22nd Annual General Meeting, held on March 10, 2021, at Shangri-La Hotel, Colombo.

Digital Reality (Pvt.) Ltd, a joint venture between St. Anthony’s Property Developers (Pvt.) Ltd (SAPD) and Dialog Broadband (Pvt.) Ltd, announced the appointment of highly respected banking veteran, technologist and business transformation special

The government is preparing to resume direct flights between Jaffna and Chennai, which were suspended due to the COVID pandemic.

In a fresh gazette on Wednesday, the Central Bank (CB) has granted a 14-day period to exporters and the banking sector to convert 25 percent of repatriated export proceeds, after considering the practical issues faced by the banking sector in convert

The sixth EY Future Consumer Index, a survey of 14,500 consumers across 20 countries fielded in January-February 2021, finds that consumers are more worried than four months ago about their health, their families and their futures.

Despite rising metal prices in tandem with the recovery in global demand, ICRA Lanka Limited said that local importers could hold the prices of metal through the medium-term as they might have built loss absorption capacity, as they didn’t revise d

Sri Lankan-born businessman Benedict Sirimanne, who leads California-based CSDS Aircraft Sales & Leasing Inc. is planning to commence international charter flight operations from Sri Lanka under ’Air Colombo’ brand.

Hotel sector employees have expressed dissatisfaction over the ongoing Covid-19 national vaccination drive, as no progress been made despite the industry being told they are listed as priority group.

HSBC recently joined People’s Bank in assisting the Sri Lankan government’s efforts to slowdown the spread of COVID-19 and accelerate the country’s return to normalcy.

Norges Bank Investment Management, which manages Norway’s US$ 1.3 trillion Government Pension Fund Global, saw a reduction in its equity investments in Sri Lanka for the first-time since the fund’s entry into the country in 2015.

Wages in Sri Lanka are continuing to make gains while general consumer prices remain subdued making the wage earners economically better off. However, higher wages have made businesses and industries to scramble to find affordable labour to stay comp