Sri Lanka’s remaining foreign currency denominated debt due for repayment during the remainder of the year falls below US$ 500 million as the Central Bank last week settled its US$ 1.0 billion sovereign bond, which was due on October 4, including t

The Central Bank has extended relief measures afforded to licensed finance companies (LFCs) on mandatory liquidity standards by further six months to ride pandemic-induced business challenges.

The incumbent Bank of Ceylon (BOC) Chairman Kanchana Ratwatte has been appointed as the Chairman of Merchant Bank of Sri Lanka (MBSL) with effect form September 30, 2020.

Laugfs Holdings Limited is planning to commence operations of its Rs.2.5 billion Intravenous (IV) solution (saline) manufacturing plant located in the Koggala Export Processing Zone (EPZ) within next 10-12 months.

Sri Lankan businesses added jobs at a faster pace in May through June, signaling a recovery in the job market from the temporary downturn caused by the coronavirus-induced lockdowns and the resultant business closures.

Cement production had recovered to pre-pandemic levels as early as in July indicating that the construction sector had resumed activities at a faster pace after a pause during coronavirus related lockdowns.

DFCC Bank PLC plans to raise up to Rs. 7 billion via a Basel III compliant debenture issue.

Japanese stocks edged up yesterday as they reopened after being shut down all the previous day by a technical fault, though markets across Asia were mixed in holiday-thinned trade with investors keeping an eye on stimulus talks in Washington.

EU leaders will hold a special summit next month to discuss Europe’s complicated relations with China, an official document showed on Thursday.

India’s leading brand for compliance announced its entry to Sri Lanka with the introduction of its global E-Governance and Compliance Platform with a leading Sri Lankan Enterprise Renewal and Change Specialist company recently.

The 40th Annual General Meeting of the Sri Lanka Association of Inbound Tour Operators (SLAITO) was held on September 29 at the Ramada Colombo.

Minister of Energy, Udaya Gammanpila reiterated the assurance of energy security and self sufficiency in the country recently, addressing energy sector employees at Lanka IOC head office.

Gearing Sri Lanka to a ‘5G ready status’ with its 5G trial network in select locations, across the country, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider partnered Huawei to unveil the highly anticipated mid-range 5G smartphone,

The accumulation of new debt has significantly decelerated in recent months as borrowings, which peaked during coronavirus, largely ceased while the government consciously cut spending to prevent the budget from recording a blowout deficit.

The second quarter (2Q) gross domestic product (GDP) figures are expected to be out by mid-October, after nearly a month’s delay as the pandemic-induced lockdowns had slowed the data gathering and processing to calculate the national output.

Leading agribusiness company Watawala Plantations PLC (WATA), has reached the next milestone in sustainable oil palm plantations development, achieving the Roundtable on Sustainable Palm Oil (RSPO) certification for the palm oil mill and concessions

The 31,000-strong team at Hayleys Group can now enjoy a working vacation from any Hayleys property around the country in a first time ‘Work-from-Hotel’ initiative offered by any Sri Lankan company.

SLFFA Cargo Services (SLFFACSL), the commercial arm of Sri Lanka Freight Forwarders Association (SLFFA) is planning to invest Rs.500 million to setup an off port facility to handle LCL cargo (less than a container load), transhipment cargo and entrep

Colombo district prices slowed for the second month in a raw in September mainly on higher base effects in the year earlier period, but the prices of both foods and non-foods rose during the month from August as coconut prices weighed on the food bas

While stressing on Sri Lanka’s neutral foreign policy, President Gotabaya Rajapaksa yesterday said the island nation is open for foreign investments.

Laugfs Gas PLC yesterday entered into a strategic partnership with Abans Group, enabling Sri Lankans to conveniently purchase their cooking-related products, including gas cylinders, gas cookers, freestanding cookers and other appliances, through the

MAS Holdings, the largest and leading design-to-delivery apparel solutions provider in South Asia, renewed its commitment yesterday to empower more of its employees by extending its original undertaking to provide health and well-being education and

As the formulation of Budget 2021 nears, the government is urged to explore the possibility of absorbing the cost of providing maternity leave benefits (MLB) by extending to the private sector a tax relief, so that discrimination against women at the

A historic memorandum of understanding (MoU) was signed virtually by Ceylon Chamber of Commerce Chief Executive Officer Manjula de Silva and Afghanistan Chamber of Commerce and Investment Chief Executive Officer Sayed Zaman Hashemi, witnessed by Amba

As the world celebrates the United Nations 75th anniversary and comes together to discuss how to respond and rebuild from the COVID-19 pandemic, leading social innovator EarthTech is launching Together in Action (TiA) to help bring people together an

While Sri Lanka is all set to settle a billion dollar sovereign bond maturing on October 4 and has repeatedly expressed its ability and willingness to meet all its upcoming debt obligations when they fall due, yields of Sri Lanka’s international so

Sri Lankan government bonds tumbled heavily yesterday, a day after one of the main credit rating agencies, Moody’s, warned about the mounting pressure on the country’s finances.

Poultry industry stocks gained sharply on the Colombo Stock Exchange (CSE) yesterday with the Cabinet of Ministers deciding to ban cattle slaughter in Sri Lanka.

Softlogic Capital PLC, the financial sector holding company of the diversified Softlogic Holdings PLC yesterday said it has agreed to buy the majority stake of Abans Finance PLC from Abans PLC in a Rs.995 million deal.

Moody’s Investors Service yesterday downgraded the long-term foreign currency deposit ratings of Bank of Ceylon (BOC), Hatton National Bank PLC (HNB) and Sampath Bank PLC to Caa1 from B3, and the banks’ long-term local currency deposit ratings to