The Central Bank yesterday announced the plans to publish a comprehensive monetary policy report (MPR) under the Forecasting and Policy Analysis System (FPAS), commencing in the second half of this year.

The Central Bank wants the banking sector credit to the private sector to grow by a robust 14 percent this year, reinforcing its lending bias to power the economy, while hinting that the Monetary Board is likely to remain dovish throughout the year.

Labour Minister Nimal Siripala de Silva is expected to present four drafted amendments to Parliament today (5th), to amend the existing laws and regulations in order to increase the minimum age of employment from 14 to 16 years of age.

Sri Lanka’s tourism industry yesterday stressed the need to welcome international travellers without further delay to uplift the economy and service providers, who have firsthand witnessed the harsh reality of the pandemic, while strictly adhering

The Sri Lanka Tourism Development Authority (SLTDA), the government body tasked with overseeing the development of the country’s tourism industry, is observed to be taking the backseat in the recent efforts of opening Sri Lanka for international tr

Browns Investment PLC and Expolanka Holdings PLC emerged as two of the most improved listed corporates on the Colombo Stock Exchange (CSE), in terms of market capitalisation, at end-2020.

The listed entries on the Colombo Stock Exchange (CSE) are projected to record double-digit growth in earnings in 2021, supported predominantly by a pickup in consumer demand driven by lower interest rates, which could remain through the first half o

The market turnover for the day topped Rs.4.9 billion. According to NDB Securities, the ASPI was pushed upwards by price gains in counters such as Ceylon Tobacco Company PLC, Browns Investments PLC and Expolanka Holdings PLC.

Credit card spend continued to slide for the fourth consecutive month in November as the virus scare continued to haunt people’s lives from going about their normal consumption patterns from shopping trips to dining outs to holidaying.

Sri Lanka is contemplating to open its airports for both local and foreign travellers from end of January after a 10-month long closure, the Ministry of Aviation and Investment Zone Development announced yesterday.

Prices of turmeric are expected to come down from their current astronomical levels by at least mid-February as local growers are expected to release their first batch of harvest into the market, which could meet at least 75 percent of the national r

Eyeing to capitalize on the unified brand equity as well as to support the government’s efforts to create a technology driven-economy, Sri Lanka Telecom (SLT), joining forces with its subsidiary and mobile arm, Mobitel, recently unveiled their unif

The current managers of the Sri Lankan economy have every reason to avoid going back to the International Monetary Fund (IMF) as preconditioned austerity measures and fiscal tightening that will typically accompany such a package could further suffoc

CNBC: Singapore and Vietnam have been successful in controlling the coronavirus in 2020 and are likely to keep the situation contained in 2021, an economist said this week.

Credit to the private sector continued to grow in November defying pandemic related restrictions, but it briefly lost some momentum as businesses entered the year-end holiday season.

Britain and Vietnam signed a free trade agreement this week, Vietnam’s trade ministry said, days before Britain completes its transition out of the European Union.The deal that will for Britain replace the existing EU-Vietnam Free Trade Agreement (

Hambantota International Port (HIP) marked its third year in operation with a donation of 100 tree saplings.

A fleet of 273 buses belonging to Sri Lanka Transport Board (SLTB) which were taken out of service due to dilapidation were repaired and re-added to passenger transportation on Thursday (31) at an event held at the Galle Face Green under the patronag

The Commercial Bank of Ceylon has won the Banking and Financial Services Category Award presented by Sri Lanka Association for Software Services Companies (SLASSCOM) at its Robotic Process Automation (RPA) Awards Conference 2020.

Since the beginning of the pandemic when countries and individuals were pushed to seek virtual alternatives to doing business and life in general, the Marketing Forum of Sri Lanka Association for Software Services Companies (SLASSCOM) was proactive i

The inauguration of Sri Lanka Insurance business operations for year 2021 took place yesterday at Sri Lanka Insurance head office with the participation of Chairman, corporate management and the staff of SLIC.

National Savings Bank (NSB) ceremoniously commenced the first working day of the New Year, at the bank’s head office premises in Kollupitiya yesterday.

To mark its 70th anniversary, the Central Bank has issued an uncirculated commemorative coin in the denomination of Rs.20, with the following key features.

Dispelling the politically-motivated negative comments being perpetuated in the market that the state banks are facing difficulties in conducting their international and trade-related banking activities, People’s Bank yesterday asserted that not a

Milco Private Limited managed to end its streak of losses in 2020, as the state-run dairy producer and marketer has reported a profit exceeding Rs.400 million for 2020, while the management is hopeful of increasing it to a billion rupees in the comin

The local construction sector is gearing to embrace 2021 with a positive mindset, given the emphasis it received in the 2021 budget but the industry expressed concerns if the plans would be implemented as promised, to give the stakeholders the much s

The government has announced plans to amend Employees’ Provident Fund (EPF) Act No. 15 of 1958, to expedite the recovery of approximately Rs.12 billion worth of dues owed by employers to the fund over the years, as the current provisions under the

The troubled construction major, MTD Walkers PLC, yesterday said a share sale and purchase agreement entered into with its Malaysian parent was terminated, making the company’s future prospects bleaker.

The Hotels Association of Sri Lanka (THASL) yesterday welcomed the arrival of the first group of tourists to Sri Lanka since the country reopened its borders for tourism this week.

The yields of international sovereign bonds (ISBs) issued by Sri Lanka continue to moderate as investors appear to be re-evaluating their overreaction to the resurgence of COVID-19 and are now beginning to look past the market turmoil brought in by t