Sri Lankan shares closed higher for a third straight session yesterday, fuelled by gains in financial and industrial stocks.

China allows Sri Lankan fish imports

ICRA Lanka Limited yesterday raised serious concerns about a looming crisis at the country’s external sector, amid continuous rise in the global oil prices, base metal prices and falling tea prices, a scenario which gets further exacerbated by the

Fitch Ratings expects Sri Lanka’s government to meet its remaining external debt maturities for the rest of the year, including a US $ 1 billion International Sovereign Bond (ISB) maturing in July, with the partial easing off external liquidity pre

The cinema industry, impacted by the pandemic-induced restrictions, says the recovery would be a long drawn out affair, even after the returning of normalcy, as it now contends with a fresh challenge from online platforms, as stay-at-home patrons te

Sri Lanka inked a loan agreement amounting to US $ 100 million with India yesterday, to increase the proportion of renewable energy source to the national grid.

Malaysian telecoms firm Axiata Group Bhd and Norway’s Telenor will seal a deal to merge their Malaysian mobile operations within days, Axiata’s CEO said on Tuesday.

Sri Lanka’s producers are facing prices as high as 10 percent, similar to the end consumers who are now forced to foot the bill of the endless lockdowns, which has crippled supply chains and dampened business and personal incomes.

Sri Lanka’s struggling tourism sector is gearing up to tread on the sustainability and eco-friendly path to generate traffic, an effort taken up by the authorities to reposition the island nation as the pandemic eases.

Sri Lanka inked a loan agreement amounting to US$ 100 million with India earlier today to increase the proportion of renewable energy sources to the national grid.

Sri Lanka’s fiscal landscape left much to be desired even before the repercussions of the COVID-19 pandemic were felt. One year into the pandemic, the country’s already tight fiscal space has become further constricted, leaving some tough decisio

Global crude oil prices are further advancing in the hope of robust global recovery while the refined petroleum products are closing in on US$ 80 a barrel in the global futures exchanges, reaching multi year highs.

The Cabinet nod has been received to commence negotiations for a preferential trade agreement (PTA) with Bangladesh to bolster trade flows between the two countries.

PetroChina International has won another long-term petroleum import contract to supply diesel to State-owned Ceylon Petroleum Cooperation (CPC) after securing the Cabinet nod this week.

Emirates said Dubai’s government would continue to support the airline through the coronavirus pandemic after posting an annual loss of US$ 5.5 billion, its first in more than three decades.

The Central Bank struggled to purchase dollars from the domestic foreign exchange market in May amid falling export earnings and other inflows largely due to disruptions to economic activities from ongoing virus related restrictions.

The Ceylon Petroleum Corporation (CPC) signed a Memorandum of Understanding with the Hambantota International Port Group (HIPG) last week to develop Hambantota Port as a strategic energy centre in Sri Lanka.

Manufacturing activities contracted during May due to adverse impacts of the third wave of COVID-19 pandemic and related restrictions imposed to contain the virus spread.

The Cabinet of Ministers has granted approval to award the contract to build 10MW and 5MW wind power plants in Mannar to WindForce Ltd on build-own-operate (BOO) basis at an estimated investment of Rs.3.1 billion.

Emirates said Dubai’s government would continue to support the airline through the coronavirus pandemic after posting an annual loss of $5.5 billion, its first in more than three decades.

The Hambantota Port will be developed to become a strategic energy center in Sri Lanka with the Ceylon Petroleum Corporation (CPC) and the Hambantota International Port Group (HIPG) having entered into an MoU.

The continuous COVID-19-related restrictions are making the government’s low tax regime completely useless, as the consumer and producer prices have surged significantly, adding a much higher tax on people than a true legislated tax imposed on them

The board of directors of Nations Trust Bank PLC (NTB) has decided to raise up to Rs.44 billion via an unlisted, rated unsecured, senior, redeemable debenture issue.

Sri Lanka’s hard-hit apparel sector yesterday expressed serious concerns in the manner in which its buyer communities are treating the industry and stated it is saddening to note the “lack of partnership” shown by them during the ongoing challe

Vidullanka PLC, a pioneer in renewable energy development, successfully completed raising additional capital of Rs.253 million to fuel its expansion drive in the solar power sphere.

Shares of India’s Adani group companies trimmed losses yesterday after they said reports the National Securities Depository Ltd (NSDL) had frozen the accounts of three foreign funds that are among the top stakeholders in the firms were erroneous.

Bahrain has stopped issuing new work permits to citizens of Sri Lanka along with India, Pakistan, Bangladesh and Nepal, which have been placed on the ‘red list’ amid domestic lockdown as part of anti-coronavirus measures, a media report said.

The consumer prices are surging at exponential levels, as lockdown-styled restrictions on wide swathes of economic activities have crippled supply chains in almost every sector, leaving the hapless consumers to contend with sky-high prices for even t

The non-life insurers, which saw their profits improving in 2020, due to record low claims among other favourable performance matrices, are poised for a decline in profits from the rising claims from both motor and medical sectors, while the weakenin

The much hyped Fuel Price Stabilisation Fund (FPSF) set up to do exactly what its title suggests, that is to stabilise fuel prices at the pump against the volatile global oil prices and to safeguard the consumer,