As the coronavirus pandemic pushes India into a lockdown, the call centres and IT services firms that function as the world’s back office are struggling to piece together work-from-home solutions and other business-continuity plans.

Fitch Ratings yesterday revised Sri Lanka’s banking sector outlook for 2020 to ‘Negative’ from ‘Stable’ amid coronavirus pandemic posing increased risks to the anticipated expansion in the economy and credit demand, which according to ratin

Sri Lanka has to prepare for post COVID-19 era, where the way global economy works would change, former Central Bank Governor and current Senior Advisor on Economic Affairs to the Prime Minister Ajith Nivard Cabraal said.

Sri Lanka’s tourism authorities yesterday said arrangements are in place for international tourists to get to their home countries, and charter flights will be allowed to fly them out on request.

Sri Lanka is likely to qualify for bi-lateral debt relief as the World Bank Group (WBG) and the International Monetary Fund (IMF) on Wednesday in a statement to the G20 called on official creditors to suspend debt repayment from IDA countries to help

Keeping true to its long devotion to the best interests of its customers, Hutch yesterday introduced another key initiative ensuring continuity and access to telecommunication services at a time when the country is grappling with the COVID-19 crisis.

Supporting the nation that is using every means to combat the spread of the coronavirus (COVID-19) among citizens, Hemas FMCG donated a large quantity of personal care items to the Sri Lanka Army, recently.

Many responsible citizens have been joining in to support the efforts of the government to fight COVID-19 and the Abans group too has lent a hand.

The Ceylon Chamber of Commerce completed 181 years of serving the private sector and contributing to the national economy, on March 25, 2020.

The headline inflation measured by the National Consumer Price Index (NCPI) rose by a sharp 8.1 percent in the 12 months to February 2020, from 7.6 percent in January, as the food prices spiked and the base effects kicked in.

Sri Lanka’s sprawling ride-hailing industry dominated by PickMe and Uber fell victim to what appears to be a protracting coronavirus pandemic, throwing thousands of gig workers in the industry into hot water.

HSBC, the largest international bank in Sri Lanka, is offering a range of relief measures for its personal and corporate customers given the challenges presented by the ongoing novel-coronavirus (COVID-19) pandemic.

At a time when calamity strikes us, when every one of us in the whole wide world (www) are caught off guard how many of us – citizens, would have some kind of financial support to meet this sort of unexpected crisis situation.

In view of the extension of the ongoing curfew in the districts of Colombo, Gampaha and Puttalam, the Colombo Stock Exchange has declared the period from March 25 to 27, 2020, as market holidays. Accordingly, the market will be closed from March 25

The Colombo Stock Exchange (CSE) yesterday said market halts are a well-coordinated, pre-defined measure to mitigate the sudden effects of an extreme price decline, in the best interest of capital market investors.

Sri Lanka’s exporters were taken by surprise this month when they were suddenly told that they had to pay double the rates they were paying for airfreight until early March and are now in quandary, waiting for redress from the government.

Tens of thousands of migrant labourers from Laos and Myanmar flooded bus stations and border crossings in Thailand yesterday, defying requests to stay put to prevent exporting infections of the deadly coronavirus.

Sri Lanka’s Inland Revenue Department (IRD) extended the deadline for the submission of 2018/2019 Transfer Pricing Disclosure Form (TPDF), from March 31 to April 30, in light of the prevailing situation in the country.

Sri Lanka’s economy is not spared by the massive shocks delivered by the coronavirus (COVID-19) pandemic, and due to the current multifaceted vulnerabilities, the country is likely to witness negative growth.

Sri Lanka’s largest export revenue earner, the apparel industry, is bracing for a massive blow amid increased order cancellations as coronavirus (COVID-19) pandemic is crippling the economies of its key buyers.

Trico Logistics Limited (TLL), partnering with Strategic Insurance Brokers (SIB), recently announced the launch of a Marine Risk Insurance portal (tricologi.net) for all TLL customers who hail from a wide-ranging international client base. TLL will b

The government has recognized the importance of isolating the population to stop the spread of the COVID-19 virus by driving Work from Home initiatives.

As initiated and facilitated by the Government of Sri Lanka, SriLankan Airlines, brought back 829 Sri Lankans who were stranded in India.

Sri Lanka’s largest digital learning content platform Guru.lk has announced it is offering access to its vast resource of digitised material to schools and private tuition institutes whose regular classes have been suspended to retard the spread of

In line with the Ceylon Chamber of Commerce’s initiative to tackle how the new coronavirus affects industries and businessmen, the Ceylon Chamber hosted an interactive webinar on ‘COVID-19: Are We Prepared?’ for its member organisations.

As Sri Lanka is witnessing its economy coming to an almost stagnant state due to the unavoidable measures taken by the government to contain the coronavirus (COVID-19) outbreak, a leading economist in the country stressed the priorities of the politi

The Central Bank yesterday introduced urgent measures to ease pressure on exchange rate and prevent financial market panic due to the COVID-19 pandemic. The three key measures included: 1) the suspension of importation of all types of motor vehicles

Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) yesterday welcomed President Gotabaya Rajapaksa’s initiative to remove taxes on face masks and suspend the recovery of loans to businesses and SMEs by banks in response to th