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Wed, 23 Jun 2021
Northern province city, Jaffna will soon see the establishment of startup incubators to support budding entrepreneurs with the Prime Minister’s office having initiated the dialogue in this regard with the Mayor of Jaffna earlier today.
Despite the pandemic-related travel restrictions, Sri Lanka’s merchandise exports remained resilient in May, as exports recovered by 10.7 percent month-on-month (MoM) to US $ 884.2 million in the month from a five-month low in April, due to the ini
Sri Lanka’s national consumer prices in May 2021 rose at the highest level since September 2020, as the food prices skyrocketed due to the supply chain bottlenecks caused by the lockdowns, eroding people’s purchasing power and making them poorer.
The foreign holdings of government securities fell the most seen in a single week last week, as they sold the treasury bills and bond stock they held amid the worsening external and economic conditions here and due to the indications by the United St
The Central Bank was again forced to pump massive amounts of liquidity into the government, as the state coffers were running dry, since the authorities reimposed the business and job-killing restrictions, which generate tax incomes to the government
The economy has already shown deeper cracks from the business and job-crippling restrictions since the third week of April and the private sector credit became the latest casualty, as ICRA Lanka believes the momentum to have been severely affected du
The interest rate could stay lower for longer than expected, as the economy battered by the virus-related restrictions will require increasingly more fiscal and monetary support at a time when the government’s revenue has come significantly under p
In its most recent efforts to support the nation during turbulent times, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider once again joined hands with TV Derana under the ‘Dialog with Manusath Derana’ umbrella initiative to provide
“Making of the Iconic Ahasa One Sky Bridge”, a special documentary that takes the viewers on an informative, in-depth journey of Colombo’s newest landmark is now available for viewing on YouTube. Having being aired on several leading local TV c
A recent resolution by the European Parliament to consider a temporary withdrawal of the Generalised Scheme of Preferences (GSP+) is the latest blow to the less than two-year-old Gotabaya Rajapaksa government. The European Parliament resolution, ado
Sri Lanka stands to lose US$ 700 million in its trade surplus with the European Union (EU), if the EU decides to move ahead to halt the GSP Plus scheme to the country.
Sri Lanka’s seafood industry could face a massive hit should the European Union (EU) withdraw the GSP Plus concession. However, stakeholders of the sector said they were getting prepared to “live without it”.
Sri Lankans who subscribed for new internet connections rose at a phenomenal speed during the year through March 2021 as the pandemic upended how people work,
Despite various claims to the effect of readiness to provide fuel at a subsidised rate, the State Finance Minister, Ajith Nivard Cabraal said so far no one or no ministry had requested concessions for the parties affected by the increase in the fuel
The yields of Sri Lanka-issued International Sovereign Bonds (ISBs) jumped last week ahead of next month’s settlement of a billion dollar bond with the biggest increase seen in the bond maturing on July 27, 2021 as investors grow cautious of the co
Encouraged by recent financial performances, JAT Holdings, Sri Lanka’s market leader in the wood coatings sphere and latest listing applicant on the Colombo Stock Exchange (CSE) is moving ahead with plans to set up a new state-of-the-art R&D facili
In what could be the biggest travesty to-date, it transpired last week that the data compilers had provided misleading daily COVID-19 related death numbers to the country’s executive president prompting him to reverse the lockdown order removal on
The Colombo Stock Exchange (CSE) has announced changes in S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2021 mid-year index rebalance.
A decade and half ago we would not have expected a tuk tuk driver, a fishmonger or a farmer to carry a smartphone.
The Securities and Exchange Commission of Sri Lanka (SEC) and Colombo Stock Exchange (CSE) are gearing to introduce a Delivery vs Payment (DVP) system for stock market transactions.
Following the X-press Pearl container vessel fire that started in May, the UK government is providing marine pollution expertise to help respond to the impact on the marine life and coastal habitats of Sri Lanka.
Dialog Axiata PLC, the first in Sri Lanka to launch an uptime Tier III-certified data centre, announced the launch of its latest fully-owned data centre in Piliyandala, built to the latest ISO and global data centre standards with the highest level o
Emirates is ramping up its operations and expanding services across its network to meet strong leisure travel demand over the summer, as entry restrictions ease for travellers.
The recently concluded Sri Lanka Investment Forum 2021 (SLIF 2021), organised by the Board of Investment (BOI), Ceylon Chamber of Commerce and Colombo Stock Exchange (CSE), facilitated one-to-one meetings between foreign investors and FDI project pro
Victoria’s Secret is considering bringing back a “re-imagined” version of its runway show as the lingerie giant embarks on a “dramatic shift” for the brand.
Shares of companies controlled by Indian billionaire Gautam Adani recorded their biggest weekly losses ever. The six stocks cumulatively lost 1.91 trillion Indian rupees (US $ 25.83 billion) of value over five days through yesterday.
Amidst the prolonged travel restrictions and recent spikes in COVID-19 cases, the President of the Association of Private Hospitals and Nursing Homes (APHNH) outlined the crucial role of the private sector in the national response to the pandemic, at
Suren Cooke Agencies completes a decade of successful strategic partnership with Riken Keiki Co. Ltd., acting as Sri Lanka’s sole representative to procure and calibrate the industrial safety devices offered by this globally renowned brand.
The COVID-19 pandemic exerted significant downward pressure on global trade as well as the global economy at large.
Several economic centres including the ones in Narahenpita and Bokundara opened yesterday.
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