The year 2020 saw close to 1.6 billion students from over 180 countries being kept out of schools for extended periods of time, in response to the COVID-19 pandemic. Despite the commendable efforts by many countries to put in place alternative remote

The Ceylon Motor Traders Association (CMTA) has expressed its concerns on the government’s decision to import 400 vehicles—including 227 luxury SUVs–to a value of Rs. 3.7 billion through the Bank of Ceylon.

The Central Bank last week indicated its intention to re-enter into a swap line for US$ 400 million to shore up country’s foreign reserves, which are increasingly running thin amid the impending crisis brewing in the country.

Prices of all confectionary items and products will increase by about 8 to 10 percent starting this week, Mirror Business learns, as the cost of production has expanded by many folds.

The Central Bank last week slashed Sri Lanka’s growth for this year from 6.0 percent to below 5.0 percent as virus restrictions are taking a massive toll on the economy with thousands of businesses going out of business, while many millions more wh

The remittance income from Sri Lankans working abroad has continued to plough ahead amid the brewing economic crisis at home as global economies are advancing with the ease of virus restrictions.

Sri Lanka lost nearly half a billion dollars in foreign exchange reserves in May, losing nearly the entirety of the loan proceeds received from the China Development Bank in April.

The World Bank’s Board of Executive Directors has approved US $ 40 million in additional financing for Sri Lanka to expand water supply, sanitation and hygiene services in seven districts through the Water Supply and Sanitation Improvement Project

Malaysia Airlines will operate limited service with 85 percent reduction across its network during the Movement Control Order (MCO), from June 1 to 14, 2021.

US inflation surged in April from a year earlier as the economic recovery picked up.

The Colombo City Centre Residences project is the most celebrated living space in Colombo, especially during the prevailing conditions and circumstances in the country. The residents at Colombo City Centre (CCC) expressed that it is extremely conveni

The Sri Lanka Institute of Tourism and Hotel Management (SLITHM) has entered into a memorandum of understanding (MoU) with EHL Advisory Services Llp, to conduct a gap analysis study in Sri Lanka, with the aim to improve the quality of tourism educati

Switzerland could become the first European country to ban artificial pesticides in a June 13 referendum, which backers of the initiative hope will trigger similar prohibitions elsewhere.

An increasing number of children are at risk with global child labour figures expanding by 8.4 million within the last four years, the International Labour Organisation (ILO) warned.

Increasing number of children are at risk with global child labour figures expanding by 8.4 million within the last four years, the International Labour Organisation (ILO) warned.

The government is likely to end up with a blowout in the fiscal gap this year with the deficit potentially reaching double digits amid slowing tax income due to COVID-19 related restrictions and heightened expenditure on virus control and welfare spe

Chairman of tourism-heavy Aitken Spence PLC, Harry Jayawardena called for a wage subsidy model from the government to safeguard the livelihoods of nearly half a million people employed in the leisure industry, which has been dealt a double whammy—f

Sri Lanka’s oldest non-bank financial institution (NBFI), Alliance Finance Company (AFC) PLC warns that the recent amendment with regard to the classification of non-performing loans (NPLs) in the NBFI sector would lead to a significant contraction

Virtusa Corporation, this week announced the appointment of Santosh Thomas as its new Chief Executive Officer (CEO).

Chinese Ambassador to Sri Lanka Qi Zhenhong, in his remarks to Sri Lanka Investment Forum has suggested Sri Lanka to create a better policy framework in order to attract foreign investments to the country.

The government called for greater support for the ongoing Port City development since it is acknowledged to be the key to Sri Lanka getting its macroeconomic fundamentals right.

The global crude oil prices have gradually passed the US$ 70 a barrel and are advancing further, worsening the external and economic crisis brewing in Sri Lanka.

Virtusa Corporation today announced the appointment of Santosh Thomas as its new Chief Executive Officer (CEO).

The government called on businesses to carry out operations in a manner in which they do not violate the health protocols since the economy cannot handle a complete lockdown in the current circumstances.

The Central Bank this week extended relief to the borrowers of finance and leasing companies, nearly two weeks after it decided to give relief to the borrowers of the banking sector, as the economic fallout of the extended lockdowns are reaching disp

At least two development finance institutions (DFI) have expressed interest in participating in Sanasa Development Bank’s (SDB bank) upcoming Rs.4.53 billion secondary public offering (SPO), which is likely to be the last capital raising endeavour

The Cabinet of Ministers this week approved a programme to beautify hundred cities, with the assistance of all state institutions and all other parties entrusted with the supply of infrastructure facilities.

The Cabinet of Ministers this week cleared a proposal to launch the organic fertiliser production pilot project across all Divisional Secretariat divisions in the North Central Province (NCP), drawing capital from the Land Reform Commission Fund, as

The country’s tourism sector is lobbying the government to get the interest component of their loans waived off during the period of moratorium, as the industry sees no light at the end of the tunnel with the latest round of restrictions imposed si

The Information and Communication Technology Agency (ICTA) expects the banking sector to boost lending to worthy tech companies by adopting the recently introduced Credit Evaluation Framework in their credit evaluation and approval process, when lend