In a bid to encourage foreign currency account holders to save in designated currencies, Sri Lanka’s most customer-centric private sector bank HNB PLC offered Foreign Currency Advantage (FC Advantage) savings account holders with higher returns.

Sri Lanka’s preferential access to the vital European Union (EU) market faces fresh challenges after the European Parliament’s special resolution adopted in June 2021.

Fully vaccinated tourists with a negative PCR result at the time of departure will be allowed to enter the country without the need for an on-arrival test from today.

Cancer diagnosis and treatment is a stressful and difficult event in life. Cancer treatment is complex and it must be taken care of by trusted professionals with confidence.

The Central Bank (CBSL) today restored the licenses of several Money Changers who were unable to meet the targets due to issues stemming from the Covid-19 pandemic

Although a debt restructuring effort seems vital for Sri Lanka, as repeatedly called upon by some economic experts in the recent past, the government last week ruled out the need for such an endeavour, as it remains confident of honouring all its deb

A leading asset manager in the country yesterday urged the authorities to avoid a debt restricting exercise, which is being advocated by several economists as the only solution to the country’s debt problem exacerbated by a foreign exchange crisis.

E M L Consultants Limited commenced trading on the Empower Board of the Colombo Stock Exchange (CSE) yesterday.

Sri Lankan shares closed over 3 percent higher yesterday, notching their biggest intraday gain since March, boosted by financial and industrial stocks.

Oil prices rose for a fifth straight day yesterday with Brent at its highest since October 2018 and heading for US $ 80 amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions.

The yield curve, which plots the yields for government securities (G-Secs) at their each maturity, moved upwards last week, specially at the shorter end of the curve, after the Central Bank removed a price ceiling in place for months on treasury bill

As a rare positive outcome of the ongoing pandemic, nearly the entire population of Sri Lanka has now been connected to internet within a very short span of time, which otherwise would have taken years, as people sought online connectivity when their

The Industrial Association of Sri Lanka (IASL) held its 30th Annual General Meeting recently on a virtual platform.

In commemoration of the National Pharmacist Day observed on September 24th 2021, SLT-Mobitel and eChannelling together with the Ministry of Health and Society of Government Pharmacists (SGP), launched the nation’s first National Pharmacy Helpline,

The 42nd National Conference of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the 20th Conference of the Confederation of Asian and Pacific Accountants (CAPA) will raise the curtains on October 06th to unveil one of the bigge

Sri Lanka’s economy is reeling under a foreign currency crisis during pandemic economic turbulence. An old addiction to imports has finally caught up to drain foreign exchange reserves, already straining under large debt repayments in the absence o

Sri Lanka Tourism Development Authority (SLTDA) today kicked off World Tourism Day 2021 celebrations by putting the picturesque city Haputale under focus.

Granada Suppliers (Pvt) Ltd, the owning company of the popular online grocery, Groceries by Granada, (GBG) has recently divested the Grocery Unit to S.A.K.Z. Groceries (Pvt) Ltd

In a letter addressed to commercial bank chiefs, the Central Bank last week requested banks to refrain from facilitating foreign exchange requirements of importers outside the official banking channels to maintain the US dollar/rupee exchange rate be

The Central Bank (CB) plans to directly finance the country’s petroleum import bill for the next three months with its reserves, amid concerns of fuel shortages that may occur due to scarcity of dollars in the country.

Cargills Bank Limited continued to cut its losses as the bank maintained its growth in new loans during the period ended in June 2021 (2Q21) defying the virus related economic malaise.

The Palm Oil Industry Association of Sri Lanka (POIASL) is hoping that the authorities would revisit the current ban on oil palm cultivation keeping in mind the benefits it will have on the country’s foreign exchange situation.

Restrictions imposed on economic activities, primarily the once which require close proximity to people in the services industry, have sparked a wave of voluntary resignations and retirements as prolonged closures of the businesses cut into employee

The Colombo Stock Exchange (CSE) has given its approval in principle for a proposed Rs.1 billion debenture listing by the fully owned subsidiary of LOLC Group,

Although the weaker sovereign credit profile has presented challenges in securing foreign liquidity for Sri Lankan banks, foreign banks and funding lines have broadly defied the sovereign risks to provide them the liquidity support, an assessment by

Australian property management company, :Different, with offices in Colombo, Sydney and Melbourne has recently raised US$ 25 million in a Series B round to expand its presence nationally, build its diverse team of property managers, and scale-up its

The Institute of Certified Management Accountants of Sri Lanka holds its 18th annual event the CMA National Management Accounting Conference 2021 on the theme ‘Reviving Sri Lanka Economy – COVID 19 and Beyond’ on September 27th , 28th and 29th

The Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal met with Bangladesh High Commissioner to Sri Lanka,

Dialog Axiata PLC launched ‘Suwa Diri’, a free communications facility for the healthcare sector, paying tribute to all healthcare staff supporting the national efforts in curbing the pandemic and working tirelessly on the front-line to care for