Despite the government’s recent success in securing funding from multilateral or bilateral partners to build up the country’s foreign exchange reserves, S&P Global Ratings this week warned that such credit lines and budgetary assistance alone may

The Cabinet of Ministers this week granted approval to import the required carbonic fertilizer and natural minerals for 60 percent of paddy cultivations in the upcoming Maha season and 600,000 hectares of cultivated land of other crops in line with t

The Commercial Bank of Ceylon has once again been declared the ‘Best Bank in Sri Lanka’ at the 2021 FinanceAsia Country Awards, taking its place among global and regional giants adjudged the best domestic banks in their respective countries.

FoodBuzz Pvt. Ltd., the local franchisee of Singapore based boutique bakery chain, has its classification changed from a ‘subsidiary’ to ‘non-current asset held for sale’, the interim financial accounts of the R I L Property PLC (RIL) said.

Cargills (Ceylon) PLC reported higher revenues for the quarter ended March 31, 2021 (4Q21) as demand returned to its expansive food and beverages business, but the contribution from the group’s key supermarket business languished.

Consumer prices in the Colombo district accelerated in May as prices of both foods and non-food items rose from a month earlier, quite contradictory to the behaviour of prices when large swaths of the economy remain shuttered due to virus related res

The Cabinet of Ministers has cleared the path to award three long-term petroleum import bids to PetroChina International and one remaining bid to Swiss Singapore Overseas Enterprises.

Sri Lanka will not face a shortage of salt, assured Minister Udaya Gammanpila while addressing the Cabinet briefing session today.

President Gotabaya Rajapaksa has appointed members to the Colombo Port City Commission, the President’s Media Division announced.

Billionaire businessman Dhammika Perera-controlled Royal Ceramic Lanka (RCL) PLC is gearing to enter into biscuit and chocolate production through its non-operational subsidiary Rocell Ceramics Limited, which was recently renamed as Biscuits and Choc

Recently the Sri Lankan parliament passed the Colombo Port City Economic Commission Bill, creating a city-based special economic zone.

In a world where confrontational geopolitics and the concentration of production of crucial industrial components like semiconductors and medical supplies in particular locations are high, the call for self-reliance has become a political stampede.

Tobacco use is a major global healthconcern claiming eight million lives annually. Sri Lanka has made major strides in reducing the overall smoking prevalence rate in recent years, but tobacco still claims more than 20,000 lives each year.

Globally diversified financial conglomerate LOLC Group posted a record-breaking performance for the financial year ending on March 31, 2021, achieving unprecedented Rs.57 billion in profit before tax (PBT) and a profit after tax (PAT) of Rs.53 billio

Funds to settle nearly two-thirds of Sri Lanka Development Bonds (SLDBs), which are due this year, have been raised, as these bond issuances are continuously seeing active demand from banks and other financial service sector entities, the Central Ban

Billionaire businessman Dhammika Perera-controlled Royal Ceramic Lanka (RCL) PLC is gearing to enter into biscuit and chocolate production through its non-operational subsidiary Rocell Ceramics Limited, which was recently renamed as Biscuits and Choc

The Board of Investment (BOI), Ceylon Chamber of Commerce and Colombo Stock Exchange (CSE) are all set to unveil the first-ever virtual platform in Sri Lanka to attract foreign investments and Asia’s first and largest virtual investor forum from Ju

State borrowings fell in April after the government raised a massive amount of debt from the Central Bank and banking sector in March, according to the latest data released by the Central Bank.

Sri Lanka saw funds flowing into priority and productive segments of the economy before the virus restrictions disrupted the flow, the Central Bank data available through March-end, showed.

The banks have been asked to look for more than one’s Credit Information Bureau (CRIB) score when granting loans, as the assessment of creditworthiness solely based on this score may not always give the true picture, given the circumstances created

The Colombo Stock Exchange (CSE) has recorded 9.3 percent growth in Year-to-Date (YTD) All Share Price Index (ASPI) within the first 05 months of 2021.

As Sri Lanka began expanding its COVID-19 vaccination programme beyond the Western Province, Emirates SkyCargo supported the process by transporting a consignment of Sputnik V vaccines from Russia to Colombo.

Sri Lanka will allow passenger travel to its international airports from 1 June, State Minister of Aviation D. V. Chanaka announced a short while ago, however, visitors from Vietnam will not be allowed to disembark due to the identification of a new

The global cold chain logistics market for pharmaceuticals is expected to grow by US$ 9.48 billion during 2020-2024, revealed a report launched by Technavio today.

In what appears to be the beginning of a spell of poor economic readings, the credit consumed by the private sector lost momentum in April, largely due to virus related restrictions and partly to New Year holidays.

John Keells Holdings PLC (JKH) indicated that its future investment cycle would entail the development of Colombo Port’s West Container Terminal (WCT), as the company is estimating US$ 70 to 80 million investments during the terminal’s four-year

The White House on Friday sent Congress a US$ 6 trillion budget plan that would ramp up spending on infrastructure, education and combating climate change, arguing it makes good fiscal sense to invest now, when the cost of borrowing is cheap, and red

Sunshine Holdings PLC returned to pre-pandemic performance during the three months to March 2021 (4Q21) as the group, which has interests in healthcare rode on the pandemic-fuelled demand while its consumer and agribusinesses did well on the consumer

Local dairy producer Pelwatte Dairy has welcomed the government’s move to ban the chemical fertilizers from next Maha season towards endowing a healthy future generation to the country.

Melstacorp PLC reported solid top and bottom line performance for the three months ended March 2021 (4Q21) reaching pre-pandemic levels, led by Distilleries Company of Sri Lanka PLC (DCSL).