Although the Central Bank lifted its six-month long restriction on purchasing Sri Lanka issued International Sovereign Bonds (ISBs) in mid June, some banks will have only limited appetite to invest their dollar denominated funds in them, according to

The Central Bank last Friday tightened exchange controls on foreign exchange outflows on myriad transactions, including the ones made by companies for cross border investments,

Tourism industry stakeholders yesterday welcomed the decision made by the government to permit the industry to resume operations, a move that would allow the industry to stay afloat.

The tourism sector received the nod from President Gotabaya Rajapaksa over the weekend to resume operations starting today (July 5) with limited capacity.

The Labour Ministry seeks proposals to amend key laws and regulations on child labour, with a view to eliminate child labour from Sri Lanka.

Concerns by Sri Lankan trade unions regarding the resolutions passed by the European Parliament and the possible risk of GSP Plus withdrawal were discussed yesterday, at the Foreign Ministry.

Access Engineering PLC, the pioneers in flyover construction in Sri Lanka, was recently awarded the sub-contract to construct a flyover at the Gatambe junction, a permanent solution to lessen the heavy traffic congestion at the Gatambe junction in Pe

Officials from 130 countries have agreed to overhaul the global tax system to ensure big companies “pay a fair share” wherever they operate.

The industry stakeholders must step up the efforts in maintaining the fresh aroma of the Ceylon Tea cuppa, as the gradual drop in the quality of the end product going unaddressed would result in the sector learning an expensive lesson, one that would

Indian cryptocurrency exchanges are scrambling to secure viable, permanent payment solutions to ensure seamless transactions after banks and payment gateways started cutting ties with them, six industry insiders said.

For the first time in Sri Lanka, Dialog Direct Cloud Connect (DDCC), powered by Dialog Enterprise, the corporate solutions arm of Dialog Axiata PLC, has pioneered the means for Sri Lankan businesses to have a truly local cloud experience built to glo

The nutritional status of children under five in Sri Lanka has not shown a significant improvement for the last 20 years, according to the Demographic and Health Surveys (DHSs) of the Census and Statistics Department.

Sri Lanka’s large banks, which hold the highest amount of foreign currency denominated government securities, have the most exposure to the sovereign credit risk and thereby the risk of deterioration in their credit profiles, according to Fitch Rat

The pandemic turned out to be a blessing in disguise for life insurers in Sri Lanka who have been grappling for years with low penetration levels compared to the regional peers as people became more conscious of their health amid the increased risk t

Following Securities and Exchange Commission (SEC) going on record saying that they had begun looking into the unusual share price fluctuation of LOLC Development Finance PLC (NIFL), the company’s Chairman Kapila Jayawardena, yesterday had written

NDB Bank this week disclosed that they have secured a long term funding line of US$ 75 million from the Development Finance Corporation of the United States to further the bank’s support for Small and Medium businesses and infrastructure funding du

Chinese ride-hailing giant Didi Global has ended its first day on the New York Stock Exchange with a valuation of US$ 68.49 billion (£49.6 billion).

Diversified listed conglomerate Melstacorp, that has a strong foothold in the private healthcare sector, has added another extension to its list of operations by venturing into the pharmacy business.

The Colombo Stock Exchange (CSE) and CHEC Port City Colombo signed a Memorandum of Understanding (MoU) to enhance the capital markets in Sri Lanka by taking advantage of Port City Colombo’s special emphasis on the Colombo International Financial Ce

State-owned Sri Lanka insurance Corporation (SLIC) yesterday declared a staggering life insurance bonus of Rs.8.6 billion for the year 2020 to its policyholders, recording the largest life insurance bonus ever to be declared in the insurance industr

District Farmers’ representatives came forward today to pledge their commitment to return to environment friendly farming practices and have urged President Gotabaya Rajapaksa to not reverse the decision to ban chemical fertilizers.

In a move to boost the capital markets in Sri Lanka, the Colombo Stock Exchange (CSE) entered into an MoU with CHEC Port City earlier today, so that a regionally recognized financial exchange is established within the country’s borders.

Union Assurance PLC offered vital medical equipment to four government hospitals as part of an initiative launched in response to combat the COVID-19 pandemic

In a bid to support the expansion plans of local firms outside of Sri Lanka, the Cabinet of Ministers this week decided to relax the foreign exchange controls to allow local firms to raise foreign funds via foreign currency-denominated equity listing

The Securities and Exchange Commission (SEC) yesterday confirmed that it had begun looking into the recent unusual price movement of the shares of LOLC Development Finance PLC (NIFL), amid allegations of market malpractice.

While big corporates manage to acclimatise to the lockdown-styled restrictions, small businesses are increasingly being pushed to a corner and could even be pushed to go out of business, according to a report by a Colombo-based equity brokerage.

JAT Holdings’ Rs.2.2 billion Initial Public Offering (IPO) on the Colombo Stock Exchange (CSE) is scheduled to open for investors on July 20, as the firm had secured the listing approval from the CSE.

The Cabinet of Ministers this week granted approval to obtain a US $ 150 million loan from the Asian Development Bank (ADB) to roll out the ‘Responsive COVID-19 Vaccines for Recovery Project’, which includes funding for vaccinations.

The consumer prices in Colombo soared in June, amid the escalating food prices caused by the disruptions to supply chains while the higher fuel prices since the second week of the month resulted in a chain reaction in almost all other sectors pushing

The Cabinet of Ministers granted approval to extend the current restrictions on capital outflows, which was to be expired today (July 1), by a further six months, citing potential risks to the foreign exchange market and to maintain the stability of