Sri Lanka’s government bonds fell heavily yesterday as the United States ratcheted up pressure on the country’s government over its ties with China.

Softlogic Holdings PLC (SHL) suffered revenue and profit losses during the April-June quarter (1Q21) as coronavirus related lockdowns forced people to remain inside for nearly half of the period while doors for tourism business remained closed.

The Commercial Documents Registration Division (CDRD) of the Ceylon Chamber of Commerce with the purpose of providing an uninterrupted service to its customers is now geared to service 24x7 via its online documents verification service https://e-co.l

The tectonic shift across the globe due to the ongoing COVID-19 pandemic has pushed corporates to rethink the approach towards human resources management (HRM) since the health crisis has led to significant skill gaps, shifted priorities and accelera

The Export Development Board (EDB) yesterday said it was taking necessary measures to ensure that the operations of export industries remain uninterrupted during the curfew period in the country.

As Sri Lanka awaits a national budget for the year 2021 next month, after a hiatus with no national budget presented for 2020, an analysis has shown that 41 percent of the proposals in the Budget 2019 were not implemented.

Hatton National Bank PLC (HNB) yesterday announced a landmark agreement with Proparco, the private sector funding arm of the French development bank, Agence Française de Développement (AFD), to secure US$ 60 million in funding.

Online shopping platform Takas.lk has been taken over by Ideal Group, a diversified business headed by business leader Nalin Welgama.

State banking giant, Bank of Ceylon (BOC) said it has approved Rs.43.8 billion loans under Central Bank’s Rs.150 billion Saubagya COVID-19 loan scheme and has already disbursed Rs.34.6 billion, which is almost 83 percent of the total number of loan

Sri Lanka’s life insurance market leader Ceylinco Life has posted consolidated income of Rs.26 billion for the nine months ending September 30, 2020, achieving noteworthy top line growth of 14 percent in a period dominated by adverse business condi

As the domestic political landscape getting fired up with the arrival of US Secretary of State Mike Pompeo as part of his South Asian tour, and some commentators raising concerns that Sri Lanka has become an indirect victim of the US-China trade war,

As the Central Bank sponsored Saubagya COVID-19 credit scheme came to an end fortnight ago, another loan re-finance scheme aimed at small businesses, this time sponsored by the Asian Development Bank (ADB) and implemented by the Finance Ministry is e

The indices at the Colombo Stock Exchange (CSE) ended in negative territory yesterday, amid concerns regarding a higher number of COVID-19 positive cases discovered throughout the island.

The Colombo Stock Exchange (CSE) and market intermediaries operated normally but completely based on remote functionality yesterday, with its offices and those of several market intermediary firms being located in areas subject to quarantine curfew.

Colonial heritage property Mount Lavinia Hotel is currently carrying out a series of soft refurbishments, an opportune time to uplift the premises before it opens doors to the public and tourists in the coming months, the hotel’s top management sai

Sanasa Development Bank PLC (SDB bank) reported strong financial results for the lender’s third quarter ended on September 30, 2020 (3Q20), the interim financial accounts released to the Colombo Stock Exchange showed.

Sri Lanka’s largest brush-ware maker and exporter, BPPL Holdings PLC, is seeing a strong demand for both its generic brushes and own-branded products while the company has also experienced its product and market diversification strategy yielding re

Money raised through commercial papers has reached near pre-pandemic levels in a short span, since the new issuances sunk amid the concerns over rollover challenges faced by the issuers and their likely preference towards cheaper bank borrowings over

Both indices at the Colombo Stock Exchange (CSE) lost 3 percent each during last week after a positive run with the discovery of higher number of COVID-19 positive cases throughout the country, though the government maintaining that there is no commu

Despite serious setbacks to its leisure and tourism investments, the MMBL-Pathfinder Group joint venture portfolio is expected to reach foreign exchange earnings of over US$ 200 million in the 2020 calendar year.

Sri Lanka Telecom PLC (SLT) has once again put their customers first. With the launch of the sltgo Wi-Fi solution, SLT broadband customers and overall internet consumers of Sri Lanka will be able to enjoy Wi-Fi connectivity on the go via community Wi

CIC Holdings PLC reported some solid financial performance for the September quarter (2Q21), continuing the momentum as most of its business segments are either geared to weather the pandemic’s effects or they are in fact helped by the new conditio

The government is unlikely to raise excise duties on alcoholic beverages for the sake of revenue, and instead any move on taxing the sprits could be more gradual as steeper raise in duties could boomerang by way lower tax income as higher alcohol pri

Foreign holdings in government securities fell the most last week as the Central Bank faces a difficult balancing act between offering higher returns for foreigners who hold Sri Lankan treasuries and supporting the domestic economy by keeping interes

The local agri and processed food sector is offered a platform to be showcased in India with the launch of the Sri Lanka Agri products and Processed Food Promotion Programme in Mumbai.

Global stocks remained within a tight range yesterday, less than two weeks before the U.S. presidential election, with traders looking for a breakthrough in stimulus talks in Washington.

Two of Apple’s latest iPhone 12 models went on sale in China yesterday, after early pre-order data showed strong consumer interest in the 5G-enabled device in the firm’s second-largest market.

Amongst many initiatives to support the expansion of the startup ecosystem in Sri Lanka, the catalyst that drives Sri Lanka’s digital economy, the Information Communication Technology Agency of Sri Lanka (ICTA) recently announced its Digital Econom

Japan and the United Kingdom signed a post-Brexit bilateral free trade agreement yesterday, paving the way for its implementation Jan. 1 next year to ensure continuity in trade and investment beyond the end of London’s transition period out of the

The Central Bank (CB) kept policy interest rates unchanged at the current levels yesterday with recent pick up in private credit and falling market lending rates while betting on a short-lived COVID-19 outbreak in the country.