Sri Lanka welcomed the first group of tourists from Germany and Switzerland last week (January 21), flown in by national carrier SriLankan Airlines, which resumed direct flights from Frankfurt, after a lapse of more than four years.

The Colombo bourse continued its climb unfettered yesterday too, with the benchmark index reaching a new all-time high and market turnover flirting with Rs.15 billion.

In consultation with the Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE) has issued a set of guidelines on best practices for stockbroker firms, which are required to be adopted and implemented with immediate e

State Pharmaceutical Corporation (SPC) has saved at least Rs.1.1 billion during 2020, due to the avoidance of emergency drug purchases, a common practice widely used by the state-owned manufacturer and distributor of medicinal drugs.

Adding another one to the recent measures implemented to contain the excess volatility in the foreign exchange market, the Central Bank yesterday suspended the licensed commercial banks from entering into forward rate agreements for foreign exchange

With a record-breaking week behind, investors at the Colombo Stock Exchange (CSE) are poised for another week of buoyancy beginning from today, with strong December quarter results expected to hit the market.

Ceylon Cold Stores PLC (CCS) reported robust top and bottom line performances for the three months ended December 2020 (3Q21), as the company managed to maintain its revenues intact despite the sporadic COVID-19 related lockdowns, which impacted cons

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider and the first and only network to offer Voice over WiFi (VoWiFi or WiFi Calling), VoLTE (Voice over LTE) and eSIM capabilities for the newest Samsung Galaxy range, recently announced pre-

Sri Lankan-born serial entrepreneur and Silicon Valley investor Insaaf Mohideen is in Sri Lanka for a brief visit under the ‘investor bubble’ scheme, sources at the State Ministry of Money & Capital Markets and State Enterprise Reforms said.

The Central Bank last week said they have been talking with the US internet-based payment gateway provider, PayPal Holdings Inc. for the launching of their services in Sri Lanka for almost 9 years without a breakthrough.

Sri Lanka’s industrial firepower measured by the Index of Industrial Production (IPP) slipped in November 2020 despite the resilience shown by the country’s manufacturing sector in facing the COVID-19 pandemic.

Backed by the low interest rates regime and increased mobility following virus-related lockdowns, Sri Lanka’s condominium sector made a marked recovery in the third of quarter of last year (3Q20) with the sale of condominium units reaching highest

The Central Bank this week said it has received information regarding several types of financial frauds and scams being operated through social media, Internet-based applications and mobile payment applications.

The United States remains a “beacon of technology” to be emulated and China’s Huawei Technology should consider cutting products in the wake of U.S. actions against it, the Chinese firm’s founder Ren Zhengfei said in remarks made public yeste

Alphabet Inc is shutting down Loon after concluding the business, which offers balloons as an alternative to cell towers, is not commercially viable, Google’s parent company said on Thursday.

As Sri Lanka opened its borders for international travel on Thursday, the first tourism trade delegation from Germany arrived at Bandaranaike International Airport (BIA) yesterday, at 1:40 a.m., for an Ayurvedic holiday in Sri Lanka.

Airtel Lanka may seek either a merger or an acquisition with a larger counterpart, as the telco company will continue to be mired in intense competition while it will be required to spend heavily on network expansion and new generation of technologie

Expressing the unanimous and unreserved condemnation of all 21 Regional Plantation Companies (RPCs), the Planters’ Association of Ceylon (PA) issued a statement decrying the shocking violence instigated by Member of Parliament (MP) M. Rameshwaran,

The Central Bank this week said they believe deposit rates, which plunged in 2020, have now bottomed-out, in a potential assurance to those live on interest on bank deposits.

British-born financier and a member of Rothschild family, Nathaniel Rothschild said his recent visit to Sri Lanka was to explore the country’s suitability as a manufacturing location for electronics, while calling the island nation “a true gem wi

Sri Lanka’s countrywide headline inflation as measured by the year-on-year (YoY) change in the National Consumer Price Index (NCPI) decreased to 4.6 percent in December 2020 from 5.2 percent in November 2020.

The members of the Employees’ Provident Fund (EPF) have received approximately 9.0 percent return on their balances in 2020 after receiving 9.5 percent in 2019, as the Central Bank vowed to maintain an attractive return for the incumbent year as we

Cinnamon Bentota Beach, a property of Cinnamon Hotels & Resorts, welcomed guests yesterday, becoming the first hotel in Sri Lanka to welcome a group of tourists, with the opening of the Bandaranaike International Airport.

First Capital Holdings PLC yesterday revealed plans to raise up to Rs.2 billion via a listed debt issue.

Sri Lanka yesterday reopened its doors to international travellers for the first time since the pandemic struck, and the tourism sector is hopeful that with the kick start, it will be able to make a double-digit percentage contribution to the nationa

Sri Lanka’s vehicle registrations recorded a slight recovery in December 2020, compared to the previous month, as the Motor Traffic Department reopened in the month, following its closure in November, with the outbreak of the second wave of COVID-1

The latest in a string of measures by the Monetary Board to ensure that the banks operate with adequate liquidity and capital, the Central Bank (CB) this week issued fresh guidelines suspending any cash dividend payouts or profit repatriations for 20

The Labour Ministry wants the Health Ministry to consider relaxing certain health guidelines to expedite the repatriation of Sri Lankan migrant workers living abroad.

Sri Lanka’s foreign reserve buffers have improved by US $ 200 million during December to end the year with a total reserve position of US $ 5.7 billion, a safe level compared to all the headwinds during 2020.

Despite the endless attempts to portray that the government was losing money from the income tax cut granted at the beginning of 2020, the government collected significantly more tax income from corporate income taxes in 2020, reinforcing the fact th