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 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

“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 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,

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”.

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

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.

The Central Bank has granted access to licensed commercial banks (LCBs) and the National Savings Bank (NSB) to purchase Sri Lanka issued international sovereign bonds (SLISBs) after six months since they were barred from doing so, but under certain

Sri Lanka’s income inequality further worsened last year as the poorest suffered the largest proportionate earnings shock, while the smallest proportionate income losses were suffered by the rich due to mobility restrictions imposed to contain the

The General Administration of Customs of China (GACC) has changed the health certificate for importing fish to the country with effect from next month, Sri Lanka’s embassy in Beijing said.

Renewing the calls to reopen the country, the State Minister of Finance Ajith Nivard Cabraal said that livelihoods matter as much as lives as one cannot do without the other as a strangled economy is unable to either support virus response or those w

Access Engineering PLC, the Balance of Plant (BOP) subcontractor of the Mannar Wind Power Plant, is nearing the completion of the scope of work assigned for this ambitious project which is a flag bearer to drive Sri Lanka to a future of clean renewab

People’s Leasing & Finance PLC is gearing to raise up to Rs.8 billion via a listed debt issue.

Sri Lanka’s trade deficit widened in April for the second consecutive month amid rising global oil prices and slowing down of exports.