The All Ceylon Egg Producers Association says an increase in egg prices might be inevitable, considering the higher input and transport costs, which could stem from the recent fuel price increase, at a time when the people are already grappling with

The banking sector credit growth could start to pick up from the second half of this year (2H21) after a setback in the 2Q21 due to lockdown-like restrictions, which crippled most business and consumer activity for over two months, according to Acuit

The Cabinet nod was given to move ahead with the proposed Multifunction Commercial Building Project in 6-acre land plot owned by B. C. C. Lanka Company Limited in Colombo 12.

The Ceylon Chamber of Commerce elected Vish Govindasamy as its Chairman during the Chamber’s 182nd Annual General Meeting held yesterday.

As the debt of Sri Lanka’s crippled tourism sector exceeds Rs.300 billion, the Hotels Association of Sri Lanka (THASL) called on the government to respond to their repeated pleas for assistance.

As South Asia’s debt continues to escalate due to poor performing State-owned-enterprises and banks (SOEs and SOBs), the World Bank (WB) yesterday advised it is essential for nations within the region to embark on serious reforms to steer away from

The banking sector gave higher amount of credit to the government and to public sector enterprises during May as the State revenues ran dry amid the closure of large swaths of the economy while rising oil prices amid State sector inefficiency engulfe

Sri Lankan shares ended lower yesterday, after touching a more than four-month high in the previous session, dragged down by losses in consumer and industrial stocks.

Sri Lanka’s conglomerates with finance company subsidiaries could face pressure on their leverage and thereby their credit ratings as the finance companies’ growth amid weak operating conditions may demand increased support from the parents, whic

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

Sri Lanka came under the fresh international spotlight with a team from the University of Colombo (UoC) bagging the World Trade Institute’s (WTI) 2021 John H. Jackson Moot Court Competition.

Lockdowns and restricted mobility have devastated labour markets across the world. According to the International Labour Organization (ILO), the equivalent of 225 million jobs was wiped away globally due to employment and working hour losses in 2020

The impact of COVID 19 virus not only infected lungs of humans but also the heart of Sri Lankan economy at large in terms of employment, gross domestic product, worker remittance, foreign reserves, income distribution and many other economic and soci

Chairman of Ceylon Petroleum Storage Terminal Ltd (CPSTL) M. Uvais Mohamed, in an interview with Daily Mirror explains how the financial situation of his organization improved in the recent past. Excerpts of the interview:

Central Bank Governor Prof. W.D. Lakshman in a fairly detailed statement issued yesterday dismissed the repeated concerns raised by certain quarters of an imminent external sector crisis brewing in the country, often citing weaker external reserves,

The Central Bank yesterday printed the highest amount of money recorded in a single day to bridge a budget hole, amid shrinking tax income, largely due to virus-related lockdowns and increased expenditure to contain the virus.

Sri Lanka inking a preferential trade agreement (PTA) with Bangladesh should have no strings attached tariff as a key feature to ensure its success, a paper by the researchers at the economic think tank Institute of Policy Studies (IPS) suggested.

Sri Lanka remains an outlier among the Fitch-rated Asia Pacific (APAC) region frontier economies for weaker external sector buffers such as liquidity and reserves, while the others in the bloc strengthened their external sector positions with the exc

LOLC Development Finance PLC yesterday eclipsed the country’s largest private bank Commercial Bank (Ceylon) PLC, to become the listed entity with the fourth largest market capitalisation on the Colombo Stock Exchange (CSE).

Contrary to the expectations that the interest rates would stay lower for longer, ICRA Lanka expects the near-term Treasury yields could see some upward pressure from the rising consumer prices, which could be exacerbated by the recent hike in fuel p

The Labour Ministry and International Organisation for Migration (IOM) a.k.a. the UN migration agency, have reached an agreement to launch the ‘Dream to Departure’ (D2D) project,

National carrier SriLankan Airlines has become the first carrier in the South Asian region to receive the Diamond accreditation from Airline Passengers Experience Association (APEX) and SimpliFlying, an upgrade received for the added measures taken t

Consumers can now buy protection online with a state-of-the-art buying experience. Clicklife by Union Assurance is a digital life insurance product which can be purchased under five minute

The Central Bank of Sri Lanka (CBSL) issued a statement to the media a short while ago on concerns raised regarding the foreign currency liquidity issue in the domestic market.

The Central Bank injected Rs.23 billion worth liquidity last Friday, taking the printed money stock in excess of Rs.900 billion as the monetary authority is now forced to provide liquidity to the cash-strapped government after the latter closed down

Bank credit to the private sector continued in May, although losing momentum from the recent high in March, indicating that loan disbursements had continued despite a semi-dormant economy due to COVID-19 related lockdowns during the month.

Sri Lanka failed to sell nearly two-thirds of Sri Lanka Development Bonds (SLDBs) offered at the auction held last week to rollover similar styled bonds worth US$ 178.57 million despite claims that these bonds consistently see active demand from bank

BBC: A single-dose COVID vaccine made by Janssen has been approved for use in the UK by the medicines regulator.

Industrial production in Sri Lanka fell sharply in April from March in a reflection of the damage’s extent the restrictions imposed on travel and other economic activities from the third week of April have had on the manufacturing base of the count

In a major surprise, the MSCI last week proposed to downgrade the Pakistan Stock Exchange (PSX) to its Frontier Markets (FM) Index from the Emerging Markets (EM) Index in November 2021.