Sri Lanka Agripreneurs’ Forum calls for President Gotabaya Rajapaksa’s intervention to implement ‘National Agri Enterprise Resource Planning (ERP) System under a proposed National Steering Committee for agriculture with majority private sector

The Italian government yesterday announced a slew of new measures to save its struggling economy amid fears the coronavirus pandemic could force a contraction of more than 10 percent of gross domestic product this year.

Swift measures by the Central Banks in easing monetary policy will help banks in Sri Lanka to have access to funding requirements and liquidity although the operating context is turning more dour, said Moody’s Investors Service.

Equities rallied again yesterday and oil prices built on the previous day’s surge as investors began to see a glimmer of light at the end of the tunnel in the fight against coronavirus, following news of a possible breakthrough in the search for a

The Central Bank (CB) says the implementation of a coherent policy framework for surveillance and quarantine is essential to restrict future cross-border transmission of diseases to the country via movements of people and goods, as evidenced by the r

In a bid to assist the revival of the construction sector that has been badly hit by the economic woos induced by the coronavirus, the industry has called on the government to prioritise kick starting the construction projects no sooner some normalcy

Sri Lanka may recalibrate its sourcing of pharmaceutical drugs as the country seeks to reduce its over-reliance on pharmaceutical imports amid the government-imposed controls to preserve foreign exchange in its battle against COVID-19.

The Association of Private Hospitals and Nursing Homes (APHNH) in a statement said it would extend all possible assistance to the national operations programme to control the COVID-19 outbreak, in conducting the much-needed PCR tests, to help control

As the behaviour of future travellers in the post-COVID-19 era is expected to be different, Sri Lanka’s hospitality sector is preparing to welcome them by retraining its staff, according to a leading resort chain in the country.

Sri Lanka’s merchandise export earnings in March plunged a record 42 percent year-on-year (YoY) to US $ 646 million, with the COVID-19 pandemic spreading across the country’s key export markets coupled with disruptions to supply chains, according

Former Central Bank Governor and present Senior Economic Advisor to Prime Minister Ajith Nivard Cabraal is proposing the setting up of a fund syndicated by a group of investors to provide liquidity support to those companies battered by the mandatory

Sri Lanka’s exporter community pleads with the government to lend a hand in support to sustain its workforce, as the sector’s financial position due to the global coronavirus (COVID-19) crisis continues to worsen making it difficult for export b

The coronavirus-induced economic pain will weaken the operating environment for Sri Lankan banks, dampening the demand for loans and triggering widespread defaults in 2020, said Moody’s Investors Services extending its negative outlook for the sect

Sri Lanka’s market leader in lubricant sales, Chevron Lubricants Lanka PLC says it has adequate cash flows to continue seamless operations overcoming the expected hit on its financial performance from the prevailing negative business environment ca

The clearance of cars at the Hambantota Port is slow, and the port is concerned that they would not meet the April 30th deadline for clearing imported vehicles.

Determined to get back on track despite being badly hit by the ongoing pandemic, a senior representative of the apparel industry said the sector players are continuing to explore avenues to keep the work flow active while understanding that getting t

Fitch Ratings has downgraded the rating on SriLankan Airlines Limited’s (SLA) US$ 175 million government-guaranteed 7 percent unsecured bonds due on 25 June 2024 to ‘B-’, from ‘B’.

Uber Eats has introduced an in-app tipping feature enabling users to tip their favourite restaurants as well as delivery partners, to support the industry during the ongoing COVID-19 pandemic.

Diversified conglomerate Aitken Spence PLC expects a significant negative impact on its revenue and profits in the first and second quarters of the financial year 2020/21, due to the adverse impacts stemming from the COVID-19 pandemic, in particular

Equity markets rallied yesterday as countries eased coronavirus lockdown measures, but oil prices tumbled as a supply glut offset output cuts.

The Telecommunication Regulatory Commission of Sri Lanka (TRCSL) said it had come to notice that illegal DTH connection service providers (DTH service/Dish TV) are advertising through social media platforms.

Cable manufacturer Sierra Cables PLC expects an over Rs.1 billion hit on its top line from the impact of the COVID-19 pandemic, though the company expects to mitigate the impact with the potential government tenders and exploiting new market opportun

Hundreds of Bangladesh’s garment factories defied a nationwide coronavirus lockdown to reopen on Sunday, raising fears the industry’s vulnerable and largely female workforce could be exposed to the contagion.

As COVID-19 is altering almost everything including how people shop for their day-to-day needs, some chief executives expect such changes are here to stay even after the pandemic passes and therefore, they are making some crucial changes to their bus

Tourist arrivals to Sri Lanka plunged in March and earnings slumped as COVID-19 continues to decimate the tourism sector, which accounts for 12.5 percent of Sri Lanka’s gross domestic product (GDP), according to World Bank estimates.

Dialog Axiata PLC, pledged Rs.200 million for urgently required ICU capacity development in hospitals selected by the Ministry of Health (MOH).

The local construction sector is set to slump further with its pleas to the government to release due payments, which are in excess of Rs.50 billion, continuing to fall on deaf ears.

The Colombo Tea Auction cleared 5.2 million kilograms of tea at the third e-auction concluded last Friday, despite an increase in unsold teas.

The Monetary Board of the Central Bank has granted approval to Union Bank of Colombo PLC (UBC) to cease its operations as a primary dealer with effect from May 1, 2020.

First Capital Research said their projections point to a decline in Sri Lanka’s banking sector profits in 2020, the third consecutive year in a row, gives rise to a rare phenomenon seen in two decades as the sector is seen capitulating in front of