The trade deficit continued its descent in September from a year ago, amid the rise in export earnings while the temporary restrictions on non-essential imports and low oil prices kept a check on the import bill, assisting the external sector of the

The banking sector asset quality held up during most of the third quarter, albeit weakening somewhat from the levels seen at the beginning of the year.

MTD Walkers PLC lost Rs.4.5 billion for the fiscal year ended in March 2020 (FY19/20), along with a Rs.3.4 billion hole in the balance sheet, the long overdue financial results filed with the Colombo Stock Exchange (CSE) showed.

Sri Lanka’s private sector credit, a key measurement of economic activities, expanded at a faster pace in September than a month before, continuing a momentum set forth in August as both individuals and businesses borrowed to sustain their consumpt

Sri Lanka Telecom PLC (SLT) reported stronger top and bottom line results for the three months ended in September (3Q20) as demand for telecommunication services surged as the pandemic upended how people work, shop, educate, interact and entertain.

People continue to shun credit card debt for the second month in a row in September although they appear to be signing up for new cards.

The Sri Lanka Association of Inbound Tour Operators (SLAITO) has thanked the government and Central Bank for taking the initiative to grant a further three-month moratorium on COVID-19 working capital loans taken by the industry.

The relief package extended by the government to the tourism sector was welcomed by stakeholders, however, the industry said further relief is required to stay afloat as the country grapples with the second wave of COVID-19.

Operations of Bodyline apparel factories of MAS Holdings in Horana and Agalawatte will begin as soon as health authorities give clearance for it, the management said yesterday.

Sri Lanka’s external foreign reserves in October were at just under six billion dollars even after the government settled a billon dollar sovereign bond earlier in the month, while the remaining outstanding dollar denominated debt for the remainder

The Central Bank yesterday said the six-month grace period extended for 4 percent working capital loan scheme would be extended to nine months in light that most of the borrowers have experienced difficulties in revamping their businesses as expected

Vision Care, Sri Lanka’s pioneering eye care service provider, donated a cold centrifuge to the Medical Research Institute to contribute towards Sri Lanka’s battle against the COVID-19 pandemic.

British budget carrier EasyJet is in talks with the German government for aid to manage the fallout from the coronavirus pandemic, its CEO said in an interview with a German business magazine.

Offering customer’s greater avenues of convenience coupled with a future-fit payment security model Genie, Sri Lanka’s first PCI-DSS-certified payment app, powered by Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has adopted tok

Sri Lanka Insurance (SLIC), the national insurer has facilitated an array of payment channels at this hour of need honouring customer needs while ensuring their safety and wellbeing.

The COVID-19 pandemic has in many ways compromised the meaningful engagement of youth in achieving the 2030 agenda for sustainable development.

Most Asian markets rose yesterday after the week’s strong gains with traders upbeat as the chances of Joe Biden winning the US election increased and after the Federal Reserve indicated it could provide further economic support.

Government failures to prepare for Brexit mean the UK faces “significant disruption” when it is fully free of the European Union on January 1, an official watchdog said yesterday.

Faster than anticipated recovery in business activities and strong consumer demand lifted performance at John Keells Holdings PLC (JKH) as most of its businesses reached pre-pandemic levels barring the leisure segment.

Hayleys group subsidiary, Dipped Products PLC, emerged a winner during the September quarter (2Q21) with its revenues and earnings surging amid higher demand for rubber gloves due to health requirements necessitated by the COVID-19 pandemic.

Diversified conglomerate LOLC Holdings PLC’s focus on overseas expansion has allowed the group to emerge as the most profitable listed entity for two consecutive years, a path that it would continue to explore as Sri Lanka’s economy looks to adju

India’s Adani Group is the front-runner to develop Sri Lanka’s stalled East Container Terminal in Colombo port, people with knowledge of the matter said, helping billionaire Gautam Adani expand his port business overseas.

Sri Lanka Economic Summit (SLES) 2020, organised by the Ceylon Chamber of Commerce (CCC), will be hosted as a virtual event for the first time, due to the ongoing global health crisis.

The government has extended the last date to file income tax returns without a penalty to February 28, 2020, the Inland Revenue Department (IRD) said.

National sales average for tea leaped by Rs.24.37 for the month of October from the previous month, an increase despite a dip in production.

Amidst a backdrop of uncertainty, Hatch and London Stock Exchange Group (LSEG) SL successfully completed the fourth iteration of the KICKASS Bootcamp, a one-month long development program designed to address fundamental business development skills an

The European Union (EU) recently highlighted concerns with regard to Sri Lanka’s import restriction that is currently in place to prevent the outflow of foreign exchange, calling the ban “unfair”.

Poultry company Crysbro has commended the government’s initiative to revive and reinforce Sri Lanka’s maize cultivation industry, in a bid to bolster the country’s food security agenda.

Deposit rates fell further in October, continuing its descent into the 10th consecutive month since the Monetary Board turned dovish in January, reflecting the highest level of monetary policy transmission efficacy in recent history.

The pent-up demand drove Cargills Ceylon PLC to peak sales during the three months to September (2Q21), as the group more than recouped the lost sales during the pandemic-hit previous quarter to eclipse its last year’s performance.