The Securities and Exchange Commission yesterday said the Colombo Stock Exchange (CSE) may remain closed during all public holidays announced by the government.

The Asian Development Bank (ADB) yesterday announced a US$ 6.5 billion initial package to address the immediate needs of its developing member countries (DMCs) as they respond to the novel coronavirus (COVID-19) pandemic.

The World Bank has increased the fast-track financing package by US$2 billion to US$14 billion, to assist companies and countries in their efforts to prevent, detect and respond to the rapid spread of COVID-19.

Sri Lanka’s business chambers and industries led by the Ceylon Chamber of Commerce yesterday expressed their fullest support to the government to contain the spread of COVID-19 in the country.

As the Central Bank aims for a less-cash society, an academic made a strong case for social media commerce over e-commerce, which is losing fashion, to get more people hooked up to buy stuff using social media platforms as they tend to scroll social

It is now nearly three months since China reported the case of a deadly new virus to the World. Since then new cases of the coronavirus are being reported daily around the world. This virus, is known as SARS-CoV-2, causing COVID-19 disease.China ha

The economic fallout of the Chinese New Coronavirus or COVID - 19 is far-reaching. It will eventually pass as any other pandemic or calamity the world has seen but will certainly change the political and economic playbook, which many countries, inclu

Sri Lanka yesterday signed agreements to receive a US $ 500 million concessional loan from China Development Bank (CDB).

The Hotels Association of Sri Lanka (THASL) is seeking a two-year moratorium and an interest waiver on all loans and overdrafts taken by tourism businesses from banks and non-bank financial institutions, with effect from April 1, 2020, as COVID-19 ta

Market participants are trying to comprehend what the Monetary Board’s emergency rate cut this week would mean and doubt its firepower to combat the economic fallout of COVID-19, Mirror Business learns.

The European Union (EU) sealed off its borders yesterday to try to put the brakes on the ferocious spread of the coronavirus pandemic, as the number of deaths on the continent soared past the toll in Asia.

The Central Bank (CB) urges the public to minimise visiting the Employees’ Provident Fund (EPF) office in Colombo while encouraging them to conduct more online banking transactions, as precautionary measures to mitigate the risk of spreading COVID-

Reversing a decision taken earlier yesterday to resume trading, the Colombo Stock Exchange (CSE) in a late night statement said the market would be closed for trading today.

Canadian finance leader Amal Ratnayake, FCMA, CGMA, the 86th President of the Chartered Institute of Management Accountants (CIMA),

In a sign of times to come, shaking hands, kissing cheeks, hugging and even high fives will be a thing of the past – thanks to the coronavirus.

If you’re on your company’s IT team, you’re probably used to preparing laptops for employees to use remotely and setting up mobile phones with access to company data. However, we’re looking at something much bigger than that today.

The Employers’ Federation of Ceylon (EFC) yesterday urged the private sector to comply with the government’s request of declaring the three-day special holiday so that the impact from the coronavirus (COVID-19) outbreak in the country can be mini

In a coordinated effort to combat the coronavirus (COVID-19) pandemic, the International Chamber of Commerce (ICC) and the World Health Organization (WHO) have agreed to work closely to ensure the latest and most reliable information and tailored gui

Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), the apex body of the country’s chamber movement, yesterday urged President Gotabaya Rajapaksa to consider drastic action including essential seven-day leave initially, with an o

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, in partnership with Wavenet International Pvt Ltd and MyDoctor (My Health Solutions Pvt Ltd), has launched a free trilingual hotline – 1390 for all Sri Lankans to receive information a

Russian airlines could sustain major losses and some might go bankrupt because of hits from the coronavirus, the government warned yesterday. Carriers face two major blows, cancellations of international flights and rising costs owing to the ruble’

As the government declared yesterday a public holiday with a view of preventing the spread of coronavirus across the country

Sri Lanka’s Central Bank yesterday jumped on the rate cut bandwagon with other central banks in the world cutting key policy rates by 25 basis points (bps) to support economic activity in the country amid the rapid global spreading of COVID-19 pand

Economists, analysts and researchers have joined the chorus in predicting mostly downbeat economic forecasts as the fallout from COVID-19 becomes far reaching with disrupted supply chains, absenteeism and closed factories and offices.

Hemtours (Private) Limited, a sub-subsidiary of Hemas Holdings PLC (HHL), has divested 80.1 percent stake in its Forbes Leisure Services (Private) Limited to Acorn Partners (Pvt)) Ltd., owned by HHL’s former Executive Director Malinga Arsakularatne

Sri Lanka’s tea industry is currently coping relatively better with the ongoing coronavirus (COVID-19) storm compared to other industries, but the prolonged disruption to its support industries could negatively impact the sector, industry stakehold

South Korea’s central bank announced a rate cut to a record low yesterday to combat the economic fallout of the coronavirus outbreak, hours after the US Federal Reserve slashed rates.

Faced with a growing economic shutdown from the coronavirus pandemic, that could cause the US economy to contract, the US Federal Reserve on Sunday announced drastic emergency measures to shore up confidence and keep the financial sector running, inc

The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) urging calm yesterday assured the public that despite the global impact of coronavirus, there is no shortage in availability of essential drugs in Sri Lanka.