Sri Lanka would need to demonstrate the return to a credible fiscal path, a transition the country would have to make before the next debt repayment that is due mid this year by shoring up government revenue, according to a senior economist in the co

On behalf of their member airlines, three global airline alliances oneworld, SkyTeam and Star Alliance have jointly called on governments around the world and stakeholders to take action to alleviate the unprecedented challenges faced by the global a

With COVID-19 cases reportedly on the increase in Sri Lanka, a growing number of employees could soon be asked to change their routines, or just stay at home. While many employees, especially those in tech firms similar to WSO2, can do their jobs aw

(Riyadh) AFP: Saudi Aramco reported yesterday a 20.6 percent drop in 2019 net profit due to lower crude prices and production levels, in its first earnings announcement as a listed company amid an escalating price war. The world’s most valuable fir

The Federation of Information Technology Industry Sri Lanka (FITIS), the apex ICT industry body in the country, recently emphasized the importance of signing World Trade Organization’s (WTO) Information Technology Agreement (ITA) by Sri Lanka at a

In view of the government declaring Monday, March 16, a public and bank holiday, the Colombo Stock Exchange (CSE) has declared today a market holiday. “Accordingly, the market will be closed on March 16,” the CSE said in a statement.

The government has decided to temporarily close the Jaffna International Airport (JIA) for international flights for a period of two weeks, the Civil Aviation Authority (CAA) announced yesterday.

LOS ANGELES (AFP) - Disney will close its giant theme parks in Florida, California and Paris and pull the releases of major blockbusters including ‘Mulan’ over the coronavirus, it announced Thursday.

Entertainment in Sri Lanka is now set to reach new heights, and break mundane lifestyles and routines, with the launch of something truly exciting. With the purpose of giving people a unique experience of fun beyond bowling, with family and friends,

KATHMANDU (AFP) - Nepal yesterday barred climbers from all mountains - including Everest - over the coronavirus pandemic, in a major blow to its tourism industry. The Himalayan country, which has so far confirmed one coronavirus case, earns 4.4 milli

TOKYO (AFP) - Asian markets opened in freefall yesterday, extending a global rout that saw bourses experience their worst day in decades on fears of a recession caused by the coronavirus pandemic. Tokyo’s benchmark Nikkei index n

The Lanka Exhibition & Conference Services (LECS) has announced the indefinite postponement of ‘Construction Expo’ exhibition.

NEW YORK (Reuters) - Banks have hundreds of billions of dollars in credit lines extended to corporate America. Some companies are no longer banking on them. Airplane maker Boeing C

SINGAPORE (AFP) - Oil prices swung more than six percent yesterday, but were still on track for their biggest weekly loss in more than a decade owing to a price war and the spreading coronavirus pandemic.

Sri Lanka’s apparel sector has presented a paper assessing the possible impact of coronavirus (COVID-19) on the industry, which also contained proposed measures that would help safeguard the small and medium-sized industry players.

Sri Lanka’s hotel room occupancy levels have plunged below 40 percent amid the spread of coronavirus (COVID-19) in several key tourism markets of the country and global and local travel restrictions.

The director board of Browns Investments PLC has decided to raise Rs.19.1 billion through a rights issue.

Sri Lanka will be able to reap considerable socio-economic benefits from improved food security if the government stands ready to commit a budgetary commitment of US$ 122.5 million over the next 10 years, according to a United Nations Industrial Deve

Tighter regulations on classification and measurement of credit facilities for finance and leasing companies (FLCs) will accelerate recognition of bad loans in 2020-2022, which is likely to exert pressure on FLCs’ capitalisation due to the knock-on

ICRA Lanka, a part of Moody’s Investors Service, assigned a bullish outlook to Sri Lanka’s burgeoning real estate sector with higher prospects for vertical living being envisaged with limited availability of land.

Chicken farmers have been squeezed as the government banned the import of maize this week, in view of a bumper harvest, issuing import permits to political surrogates and price controls slapped on chicken.

The Central Bank has extended its credit support scheme introduced in January for small and medium-sized enterprise (SME) borrowers of the banking sector to non-bank financial institution (NBFI) borrowers.

Australia yesterday unveiled a massive US$ 11 billion spending plan designed to curb the economic hit from the coronavirus pandemic and avert the country’s first recession in 29 years.

The Sri Lanka Bureau of Foreign Employment (SLBFE) and Labour Relations Ministry request the Sri Lankans who intend to migrate to foreign countries for employment to temporarily postpone their plans, due to the coronavirus.

The workers’ remittance flows to Sri Lanka are expected to take a hit from COVID-19, which is playing havoc in at least two of the countries from where Sri Lanka gets a substantial amount of remittance income.

National Development Bank PLC (NDB) is confident of achieving 16 percent credit growth for this year but does not rule out the possible hiccups from the deadly coronavirus, which is threatening global growth and international trade.

The Securities and Exchange Commission of Sri Lanka (SEC) convened a special meeting yesterday to assess the current situation in the stock market and determine what regulatory relief and assistance needed to manage the impact arising from the global

Sri Lanka will come under pressure to sign the World Trade Organisation’s (WTO) Information Technology Agreement (ITA) this June, the Department of Commerce (DoC) said, as the government is expected to put forward its position at the agency’s upc

Oil prices tumbled yesterday after Saudi Arabia and Gulf partner UAE stepped up the price war with plans to flood the global markets while a rally in equities evaporated as investors nervously await a US coronavirus relief plan.