Sri Lanka has been placed on the agenda for the next Millennium Challenge Corporation (MCC) Board meeting scheduled for December 15.

THE EDITION: The Maldives Immigration last Friday revealed that over 35,000 tourists visited the Maldives during the month of November, marking the highest number of monthly arrivals since the country reopened its borders on July 15.

Foreign financing of the budget deficit during the eight months to August recorded a net repayment, underscoring the government’s commitment towards reducing its reliance on foreign debt in the years ahead.

Sri Lanka’s wage growth, measured by the Nominal Wage Rate Index (NWRI) of the informal private sector, gained by 1.5 percent in October from a year earlier levels, continuing a momentum set off months ago.

Kanishka Weerasinghe will step down as Director General/Chief Executive Officer of the Employers’ Federation of Ceylon (EFC), early next year.

Sri Lanka’s Dilmah Ceylon Tea came under fresh spotlight recently for being recognised by Forbes under ‘Asia’s Best Under A Billion 2020’, becoming the only company in the country to be listed in the category.

Sri Lanka’s Coconut Development Authority (CDA) has abandoned its regular coconut auctions since late September, amid the second wave of the COVID-19 virus and soaring farm gate prices of coconuts, due to shortages.

Lankem Ceylon PLC yesterday revealed plans to raise Rs.677 million from the shareholders, to support its working capital requirements.

The value of new commercial paper issuances during the nine months to September eclipsed the total amount issued during the whole of 2019.

Labour Minister Nimal Siripala de Silva has said that a programme will be implemented to ensure the plantation sector workers will receive the daily wage of Rs.1, 000 as promised in budget 2021.

The benchmark prime lending rate touched a new low last week indicating that interest rates have still more room decline in response to the monetary easing measures taken by the Monetary Board so far this year while the excess liquidity in the money

The National Chamber of Exporters of Sri Lanka (NCE) in a statement congratulated Suresh De Mel for his appointment as the Export Development Board (EDB) Chairman.

Following the COVID-19 pandemic the supply chain focus of global markets has shifted. Historically, there were four primary factors that were considered in developing the sourcing supply chain—cost, quality, quantity (bulk) and reliability.

Despite achieving economic growth for the past 15 years, Sri Lanka’s high-level of informal employment of 70 percent remains a concern, according to the World Bank (WB).

Samsung Sri Lanka has recorded its highest-ever sales turnover of Rs.3.5 billion for November 2020, further consolidating its position as the Number 1 smartphone brand in Sri Lanka.

Sri Lanka’s industrial production was up in September, the third month in a row that the country’s key manufacturing gauge recorded a gain against last year’s levels, reflecting the sector’s resilience amid the challenges and negative forecas

The government’s revenue shortfall during the first eight months through August is measured at Rs.298.6 billion compared to the same period in 2019, amid the coronavirus toll on the economy and the tax cuts introduced in December 2019.

Farmers take part in a protest against the central government’s recent agricultural reforms at the Delhi-Haryana state border

SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance has won the ‘World’s Leading Airline to the Indian Ocean’ title once again at the World Travel Awards Grand Final held in Moscow.

Global food commodity prices rose sharply in November to their highest level in nearly six years, the UN food agency said this week, due in part to adverse weather conditions.

Investors pushed Asian markets higher yesterday on continued optimism over vaccines and on signs of progress on a new US stimulus, though surging infections and deaths highlighted the painful, immediate reality of the coronavirus crisis.

European doubts over a post-Brexit trade deal with Britain boiled over yesterday, with France threatening a veto even as intense negotiations entered what could be their final hours.

Britain insisted yesterday it can meet a new commitment to cut greenhouse gas emissions by more than two-thirds this decade compared to 1990 levels, the fastest reduction target of any major economy.

Boeing on Thursday picked up its first major order for the 737 MAX since the aircraft was grounded for 20 months following two fatal crashes, as Irish no-frills airline Ryanair signed a deal to acquire 75 of the planes.

The Monetary Board (MB) of the Central Bank this week issued fresh guidelines to licensed finance companies (LFCs), capping the maximum number of shares held by a single shareholder or a group of shareholders acting in concert, effective from 2022 an

Lanka Realty Investments PLC, formerly known as Ascot Holdings PLC, yesterday said it purchased 47.2 million shares of On’ally Holdings PLC, which constitutes to 50.8 percent for Rs.1.4 billion, paying Rs.30.20 a share.

The Hotel Association of Sri Lanka (THASL) applauded President Goabaya Rajapaksa’s recent call to gradually restart the country’s tourism industry but expressed the need for greater clarity on the “burning issues” faced by the tourism sector

Ceylon Graphite Corp yesterday said its common shares have been approved for trading on the OTCQB Venture Market, effective December 3, 2020.

The licensed operator of the Sri Lankan stock market, the Colombo Stock Exchange (CSE), marked a historic milestone yesterday, as it completed its 35th year.

Export Development Board (EDB) Chairman Prabhash Subasinghe has stepped down after heading the country’s apex export promotion agency for one year.