December 2021 became the first profitable month since the outbreak of the Covid-19 pandemic for SriLankan Airlines as it reported a company profit of US$ 9.25 million and a group profit of US$ 10.66 million.

Relevant authorities must take urgent action to strengthen the Unique Selling Point (USP) of Ceylon Tea if Sri Lanka plans to retain and grow its global market share.

While Sri Lanka’s unemployment rate edged up to 5.2 percent in the third quarter of 2021 (the latest available data), it appears that the ongoing cooking gas shortage is providing new job opportunities to people, helping the government to counter i

The Rs.229 billion relief package announced by the government a week ago will reduces Sri Lanka’s scope for fiscal and debt consolidation, though it could support economic recovery, Moody’s Investors Service said in a brief statement today.

Contradictory as it may sound, senior economist Dr. Nishan de Mel said the settlement of the dollar bonds would plunge Sri Lanka and its people into further abyss and therefore the government should default on its debt come due next week, as debt rep

Sri Lanka has sold down a significant part of its gold reserves, which form part of its foreign exchange reserves during December 2021.

WindForce Limited, Sri Lanka’s largest private sector renewable energy producer, has withdrawn its offer to acquire 92.5 percent stake of Fairway Waste Management (Pvt) Ltd. as the sellers failed to fulfil the conditions stipulated in the share sal

Sri Lankan President Gotabaya Rajapaksa has sought debt relief and an import credit scheme from China.

A few days before the end of 2021, the Central Bank said it increased its foreign currency reserves above US$ 3.0 billion and would maintain such reserves at that level until the yearend, making good on its earlier pledge but failed to explain how it

Sri Lanka secured the first ever coco peat deal to Kenya where the first consignment of the natural fiber was shipped to the destination from the Colombo Port on 4 January 2022.

High net worth investor Dr. T. Senthilverl has increased his stake in Amana Bank PLC to 10 percent through Senthilverl Holdings (Pvt) Ltd. likely posting himself among the top three shareholders of the Islamic bank.

The Central Bank set the record straight on the repatriation and conversion of foreign exchange earnings as accusations poured through last week against licensed banks for forcibly converting foreign exchange earnings repatriated by migrants and thos

The available foreign reserves of the country can be used to either repay foreign creditors or to finance imports of essential goods and services required by its citizens.

Sri Lanka’s pristine beaches and lush green mountains were used to be the main attractions for international travellers, however, this time round it is the commercial capital of Colombo that is recommended by CNN Travel.

The government has spoken of both Rupee and Dollar shortages. The severity of these problems is reflected in the following startling data .

Over the past three decades, the Regional Plantation Companies (RPCs) have established themselves as a critical stakeholder of Sri Lanka’s plantation industry.

The Hambantota International Port (HIP) has received FSS certification (Fitness for Service) for their tank farm facility.

The ‘CMA Excellence in Integrated Reporting Awards 2021’ the highlight of Annual Reporting in Sri Lanka supported by the Colombo Stock Exchange is organized for the 7th year in succession and the awards will be presented on January 11th and will

Ceylinco Life has closed 2021 on a high note, winning its eighth consecutive title as World Finance magazine’s Best Life Insurer in Sri Lanka, in recognition of its sector-leading performance in another challenging but productive year.

The inauguration of Sri Lanka Insurance business operations for the year 2022 took place on January 3, 2022, at the Sri Lanka Insurance head office, with the participation of the chairman, corporate management and staff of SLIC.

Bank of Ceylon joined hands with the ‘Rata Purama QR’ nationwide campaign of Lanka QR, organised by the Central Bank of Sri Lanka last month in Tangalle, to boost the digital Payments by empowering the Sri Lankan community with the knowledge of L

Award-winning fintech software development provider Digital Payment Services (Pvt.) Ltd (DPS) has been selected to custom develop a comprehensive digital banking platform for Commercial Bank of Ceylon Bangladesh.

The 32nd anniversary convention of the Association of Professional Bankers (APB) will be held on January 18, 2022, at Grand Ballroom, Cinnamon Grand Hotel, from 8:30 a.m.-6:30 p.m. The theme of the convention this year will be ‘Sprinting Ahead wit

Seylan Bank PLC, the Bank with a Heart, has affirmed its position in the banking and financial industry of Sri Lanka, as the Number One in Customer Service Excellence for the third consecutive year.

Sri Lanka’s fastest-growing life insurer Softlogic Life PLC announced the appointment of Indu Attygala as its Deputy Chief Executive Officer, effective from January 1, 2022.

The key trade unions representing the private sector employees have requested Labour Minister Nimal Siripala De Silva to extend the Rs.5,000 allowance announced for the public sector last week to the private sector employees as well, through legislat

On January 6, 2022, Lanka IOC participated in the signing of several agreements and documents related to the development and use of the Trincomalee Oil Tank Farms (OTF).

Sri Lankan shares ended higher yesterday, hitting a record peak in the session and notching their best week in nearly a year, aided by a surge in industrial stocks and sustained buying from domestic investors.

The initial public offering (IPO) of LOLC General Insurance Limited was oversubscribed within minutes of opening on December 16, 2021.

The shares of Kapruka Holdings Limited (CODE: KPHL-N-0000) commenced trading on the Colombo Stock Exchange (CSE) yesterday.