The Colombo Stock Exchange (CSE) yesterday said the market would be closed from tomorrow onwards until the curfew is lifted.

Sri Lanka (B2 stable) is among low-rated emerging markets with large near-term international bond repayments that are likely to face a marked weakening in debt metrics following the coronavirus outbreak and sharp commodity price declines, internation

European stock markets extended gains yesterday after a largely positive showing across Asia and as oil prices rebounded from 18-year lows, with a jump in Chinese factory activity providing a surprise boost for the virus-hit global economy.

Standard Chartered announced this week that it will globally commit US$ 1 billion of financing for companies that provide goods and services to help the fight against COVID-19, and those planning the switch into making products that are in high deman

The Employers’ Federation of Ceylon (EFC) this week spelt out measures companies should take to carry out operations in the coming days with the island-wide curfew set to continue at least till April 4, which requires the business community to make

The confederation representing micro, small and medium enterprises have called for a Rs. 500, 000 interest-free loan, repayable in three years to resurrect micro and small scale entrepreneurs engaged in agriculture-based industries and manufacturing.

The banking and financial services industry will kick off a number of efforts starting this week to push the country towards embracing digital transaction methods, a decision that was collectively taken by the sector together with the Central Bank to

A special ‘Tashi Air’ charter flight operated yesterday from Colombo to Paro, Bhutan, to carry Bhutanese students studying in various universities in Sri Lanka back to Bhutan.

Sri Lanka’s Regional Plantation Companies (RPCs) have stepped up to provide immediate relief to all plantation workers while ensuring health and safety protocols are followed amidst the islandwide curfew imposed to slow the spread of the coronaviru

While the COVID–19 outbreak in the country has forced all citizens to remain indoors and has brought many banking activities to a halt, NDB has taken several steps to assist the bank’s customers to perform their banking transactions in a secure a

Sri Lanka’s earnings from exports dipped and imports surged, widening the hole in the trade deficit for January, as the country braces for deeper troubles in the trade account for months to come when the world battles what appears to be a prolonged

SriLankan Airlines, continuing to answer the call of the nation, airlifted a consignment of medical aid from Shanghai, China, on March 28, 2020.

The government has so far raised Rs.311 billion to fulfil over Rs.2 trillion debt servicing obligations for this year, which includes US$ 4.5 billion in foreign debt servicing obligations.

The Sri Lanka Export Development Board (EDB) welcomes moratorium on debt capital and interest and concessionary working capital scheme extended to export-related enterprises that are adversely impacted by the COVID-19 pandemic.

Strategy 1:Return approximately 20 percent of the balances amounting to around Rs.500 billion of the Employees’ Provident Fund, lying to the credit of members, directly to the members.

Sri Lanka’s hard hit tourism sector has made a fresh appeal to the government to extend a new relief package to industry stakeholders in addition to what has been already proposed by President Gotabaya Rajapaksa.

The National Chamber of Exporters (NCE) yesterday said it offers services on its digital platform, a facility operational for several years to provide Certificates of Origin (COs) and related documents.

In view of the extension of the curfew by the Government, the Colombo Stock Exchange (CSE) yesterday said the CSE would remain closed for trading today (March 30). Accordingly, March 30th will be considered a market holiday.

The China Merchants Port Group (CMPort)— one of the largest port operators in the world donated 1000 pieces of protective suits to the Sri Lankan government to support the ongoing national mission against Coronavirus Disease 2019 (COVID-19) outbre

Sri Lankan workers at the frontline of battling the COVID-19 outbreak received close to half a million serves of food and beverage products from Nestlé, worth Rs. 15 million.

Stepping up its efforts to combat the COVID-19 pandemic, Hayleys Group subsidiaries- Haycarb PLC, Dipped Products PLC (DPL) and Eco Solutions delivered Rs. 10.6 million worth of urgently required medical and Personal Protective Equipment (PPE), towar

Global retailers including Adidas and H&M sparked outrage in Germany yesterday after announcing they planned to stop paying rent on stores that have been forced to close over the coronavirus outbreak.

HONG KONG (AFP) - Asian equities mostly rose and the dollar extended losses yesterday, with traders buoyed by government and central bank pledges to prop up the global economy as the coronavirus sends countries into lockdown. Despite the painful toll

MAS Holdings Chairman Mahesh Amalean in a Twitter message yesterday stressed the seriousness of the COVID-19 crisis and its impact on Sri Lanka’s as well as the global economy. “In my lifetime, I have never experienced a crisis of this magnitude

The plantation and agriculture sectors are gathering steam to ensure the country’s demand for food is fulfilled at a time when almost the entire world is in a lockdown, an effort that would continue with th

Local dairy milk processor, Pelwatte Dairy Industries Ltd., while being highly concerned of the ongoing COVID-19 situation in the country, has ensured that they would continue to collect milk from local dairy farmers. The firm has made this pledge t

Minor International Company Limited (MINT), a multinational hospitality player that has operations in Sri Lanka, announced that its properties, Anantara Kalutara and Avani Kalutara, have been temporarily consolidated into a single operation, to reduc

(Paris) REUTERS: High-end fashion labels Saint Laurent and Balenciaga will start making face masks to ease shortages during the coronavirus crisis, their French parent group Kering said recently. Dwindling stocks of protective gear across France have