Today, good governance is at the helm of discussion on corporate boards globally. In a hyper connected digital era, and post COVID-19, the importance of digital governance in an organisation’s sphere is in the limelight more than ever before.

Sri Lankans appeared to have spent less on their credit cards as they had limited opportunities to spend while they sheltered-in-place for almost two months under COVID-19 lockdowns.

Industrial Asphalts (Ceylon) PLC (IAC), the country’s pioneer in the bitumen business has embarked on an ambitious expansion plan banking on the government’s plans for rapid infrastructure development.

Retail sales rose in the United States in June but weekly data indicated a steady flow of layoffs, and with the coronavirus outbreak worsening, analysts fear further deterioration in the economy’s health.

Cuba will eliminate Monday the 10 percent tax it has previously levied on the use of the US dollar and widen the categories of products for which it can be used to pay in response to the country’s economic crisis caused by the coronavirus pandemic

Most Asian markets edged up yesterday following an across-the-board sell-off the previous day, but disappointing recent data has jolted optimism over the economic recovery that has helped drive gains for the past few months.

Singapore is now aspiring to increase its food self-sufficiency from less than 10 percent (2019) to 30 percent by 2030

Uber announced the appointment of Prabhjeet Singh as President Uber India and South Asia, tasked with overseeing the next phase of growth in the company’s mobility business and ensuring safety for riders and drivers across India, Sri Lanka and Bang

The leaders of the European Union held their first face-to-face summit in five months yesterday, but the reunion seems unlikely to bridge their divide over a post-virus economic rescue plan.

As Sri Lanka needs to urgently look at realigning its international trade efforts to become a strong contender in the post COVID-19 global market,

In a bid to preserve foreign reserves amid slowdown in foreign inflows from trade and services, and upcoming debt repayments, the Monetary Board and the government have jointly decided to extend the current controls on capital account transactions fo

Non-bank finance company sector asset quality hit a fresh low even before the full effects coming from the pandemic had a bearing on the repayment capacity of borrowers as non-performing loans (NPL) in the sector rose to a new high in the three month

Crude oil tanker ‘Marine Hope’ sailing under the Marshall Islands flag called at the Hambantota International Port (HIP) for repairs recently.

Catering to the rapidly increasing demand for digital payment solutions Hatton National Bank PLC(HNB) and Lanka IOC PLC recently launched phase 1 of contactless payment options via the Solo Digital Payment App by HNB at 41 Lanka IOC petrol sheds acro

Following the recent update from Melsta Hospitals – Ragama, where a staff member was tested positive for Covid-19, it has now been confirmed that all other staff members of the hospital who were identified as the first line of contact have tested n

Almas Organisation (Pvt) Ltd. along with its connected party, Carlines Holdings has increased their combined stake in Sierra Cables PLC to over 10 percent with the recent purchase of 2.25 million shares of Sierra Cables, according to a stock exchange

Taking into consideration the potential adverse impact of COVID-19 pandemic on the country’s tourism sector, the Central Bank (CB) has extended the six-month moratorium on loans of tourism sector businesses and individuals by a further six months.

Stock markets pulled back yesterday as investors, weighing hopes for a coronavirus vaccine against fears of new waves of infections, consolidated recent gains.

Since the lockdowns were lifted in mid-May, Sri Lanka’s economy appeared to have gathered steam with the recommencement of manufacturing activities amid improving order books and pent-up demand.

The Sri Lanka Tourism Development Authority (SLTDA) has created a provisional licensing method to assist SME tourist service providers, enabling them to obtain the COVID-19 health certification to host tourists once Sri Lanka opens its borders.

The Central Bank yesterday announced the assumption of duties of three new members—Sanjeewa Jayawardena PC, Dr. Ranee Jayamaha and Samantha Kumarasinghe— as serving members of the Monetary Board of the Central Bank of Sri Lanka (CBSL).

Sri Lanka’s non-bank financial institutions (NBIFs) yesterday urged the policymakers and regulators to recognise their role facilitating economic growth and financial inclusiveness, particularly with regard to the country’s SME sector.

National telecommunication services provider Sri Lanka Telecom PLC (SLT) will deploy a fibre-to-the-home (FTTH) network, based on Nokia’s fibre technology.

A mutual fund, which invests primarily in the shares listed on the Colombo Stock Exchange (CSE), has sought the consent of the unit holders to delay the exit date of the fund, as the pandemic erased much of the value of the stocks, impacting the net

Standard Chartered Sri Lanka yesterday announced Brandix as the latest company to complete a drawdown from the bank’s global US $ 1 billion COVID-19 financing commitment, underscoring its ongoing efforts to support local businesses in the pandemic

Chitra Sathkumara, CEO/Executive Director of Ceybank Asset Management Ltd, managers of Ceybank Funds, retired yesterday after 27 years at Ceybank.

The Acting Indian High Commissioner in Sri Lanka has agreed to fully support Sri Lanka’s bid to obtain US$ 1.1 billion from Reserve Bank of India (RBI) under a proposed special SWAP facility to strengthen the country’s foreign reserves.

The State-imposed temporary import restrictions are likely to have a considerable impact on Sri Lanka’s consumer durables market over the short-to-medium term, says Singer (Sri Lanka) PLC.

Sri Lanka’s apparel sector, which has been undergoing an extremely tough time due to the economic malaise created by COVID-19 pandemic, is yet to see any light at the end of the tunnel with little orders coming from international buyers.

Sri Lanka’s industrial production in the manufacturing sector has recorded a strong rebound in May as lockdown measures were relaxed starting from the month, although well below the pre-COVID-19 levels, according to the Index of Industrial Producti