The newly-appointed Governor of the Central Bank of Sri Lanka (CBSL), Deshamanya Professor W.D. Lakshman, assumed duties in his new post on December 24, at the Governor’s office in Colombo.

On Tuesday, just before Christmas, banks reached a consensus with the government on how to go about the small and medium-sized enterprise (SME) loan moratorium, which had sparked unease within the country’s banking sector.

November’s headline inflation as measured by the year-on-year (YoY) change in the National Consumer Price Index (NCPI) fell sharply to 4.1 percent, from 5.6 percent in October, partly due to the statistical effect of a higher base prevailed a year

The research arm of an investment banking unit has lowered the probability of a policy rate cut to 50 percent, from the previously projected 100 percent, amid the sweeping tax cuts and loan moratorium announced for small and medium-sized enterprise (

The Asian Development Bank (ADB) has signed a US $ 5 million financing facility with PT SASL and Sons Indonesia (PTSASL), a subsidiary of Silvermill Group – one of Sri Lanka’s largest manufacturers and exporters of coconut-based products – to e

Jaykay Marketing Service (Pvt.) Ltd, the retail arm of John Keells Holdings PLC, which operates the Keells supermarkets, has chosen Manthan System’s Vendor Link solution to enable its supplier collaboration platform, as part of its digital transfor

Sri Lanka’s vehicle registrations, led by motorcycles, motorcars and three-wheelers, fell in November, according to the vehicle registration data compiled by JB Securities, a Colombo-based equity brokerage and research house.

We are quite happy that the new President Gotabaya Rajapaksa in his election manifesto has given an undertaking that an additional 100,000 university places will be found for students qualifying at the GCE A/L exams.

The Cabinet of Ministers has given its nod to allocate Rs.28.04 billion for a brand-new rural development programme named ‘Sapiri Gamak’, which is to be implemented from next January, covering all 14,021 Grama Niladhari (GS) divisions in the coun

As parties failed short to reach a consensus on the proposed loan moratorium yesterday, the bank chiefs are expected to meet the top government officials today to arrive at a more mutually agreeable solution on the SME loan moratorium announced last

Colombo Dockyard PLC yesterday delivered two pilot launches as per an agreement signed with Sri Lanka Ports Authority (SLPA) on February 1, 2019.

Colombo Coffee Company (CCC), Sri Lanka’s leading coffee solutions provider and café operator, has reached an agreement with Akbar Brothers for a Rs.100 million growth equity investment.

LOLC Group subsidiary LOLC Finance PLC (LOFC) has signed an agreement with Swedfund, the Swedish government’s development finance institution (DFI), to receive a total of US$10 million in a senior loan. LOFC is a leading financial institution in Sr

Fitch Ratings does not expect the government to adopt a cost-reflective tariff structure for electricity ahead of elections in next year despite its precarious financial position.

Fitch Rating expects Sri Lanka Telecom PLC’s (SLT) negative free cash flow (FCF) to continue during the current financial year as cash flow from operations is likely to be insufficient to fund rising capex requirements to expand the firm’s planne

The new President Gotabhaya Rajapaksa pledged during his campaign that he would create a well-disciplined, efficient, and productive public sector. He said without an efficient and productive Government we cannot take the country forward. He pointed

Sri Lanka’s Petroleum Resources Development Secretariat (PRDS) is expected to soon seek Cabinet approval to award bids to commence development of oil and natural gas discoveries in M2 block of Mannar Basin, eyeing first commercial production within

Sri Lanka’s banks, which are already grappling with increased bad loans, fear far-reaching negative impacts on the sector from the recent government directive to extend a one-year moratorium on small and medium-sized enterprise (SME) loans.

Kyriad, a historical brand of France-based Louvre Hotels Group’s (LHG) is entering Sri Lanka with plans to manage 2,000 rooms in 15 hotels across the country in five years, while targeting to bring over one million additional tourists to the Island

Tea industry veteran Jayampathy Molligoda has been appointed as the Sri Lanka Tea Board Chairman.

A group of top investors from China’s Jilin Province were in Sri Lanka recently to explore investment opportunities in the country.

The Colombo Stock Exchange (CSE) has announced changes to the S&P SL 20 index constituents made by S&P Dow Jones Indices at the 2019 year-end index rebalance.

Robert Allen Iger (born February 10, 1951) is an American film producer, author and businessman, who is Chairman and Chief Executive Officer (CEO) of The Walt Disney Company. Before working for Disney, he served as President of ABC Television during

STOCKHOLM (AFP) - China has called off two business delegation visits to Sweden, China’s ambassador to Stockholm said, after Culture Minister Amanda Lind defied a Chinese threat of “counter-measures” by presenting a rights prize to dissident Gu

BERLIN (AFP) - German consumers are slightly more pessimistic heading into January, a key survey found yesterday, as fears mount that a global slowdown could trigger job losses in the export-driven powerhouse.

PARIS (AFP) - France’s competition authority has fined Google 150 million euros (US$ 167 million) for abusing its dominant position on the market for advertising linked to web searches, the regulator announced yesterday.

WASHINGTON (AFP) - A wave of debt in emerging and developing nations has grown faster and larger than in any period of the last five decades and could end with another crisis, the World Bank warned Thursday.

General Daya Rathnayake, former Commander of the Army and former Commissioner General of Rehabilitation assumed duties as the new Chairman of Sri Lanka Ports Authority (SLPA) yesterday.

President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa who is also the Minister of Finance, Economy and Policy Development have issued directives to Chairmen and CEOs of all banks to suspend recovery of loans obtained by the SME sector.

Asian markets were mixed yesterday as investors await fresh catalysts to drive business, though with the China-US trade deal agreed and Christmas approaching many are in wind-down mode.