Amending the export proceed conversion rule for the third time via a fresh gazette notification published last Friday (28th), the Central Bank (CB) reinstated the earlier rule of requiring exporters to convert 25 percent of repatriated proceeds with

Marking an important milestone of its 60 years’ history, People’s Bank began construction of its all-new Head Office building. The Prime Minister, Mahinda Rajapaksa inaugurated the construction by unveiling the ceremonial plaque digitally on the

With the onset of the pandemic and wide-scale lockdowns in many parts of South Asia in early 2020, the transshipment volumes at the Colombo Port and South Asia Gateway Terminals (SAGT) dropped sharply,

Oil and gas giant Total will be rebranded as TotalEnergies as it shifts some of its focus towards renewable energy sources.

This might sound slightly difficult to believe but it’s true. A man paid Rs.18,000 for a flight ticket and travelled as the only passenger onboard an Emirates flight from Mumbai to Dubai on May 19. Bhavesh Javeri, 40, thus enjoyed an exclusive flig

The Sri Lanka Export Development Board (EDB) is implementing an assistance scheme to enable farmers and processors in Sri Lanka to obtain organic certification as per the Sri Lanka Organic Standard - SLS 1324:2018.

Goldman Sachs said it no longer saw China as the centre of commodities pricing, reasoning the pace of demand recovery in developed markets suggested Beijing as a buyer has been crowded out by Western consumers.

Sri Lanka’s rural road network will receive an upgrade in the coming months, with the government having signed a US $ 200 million loan agreement with the Asian Development Bank (ADB), yesterday.

The seafood exports from Sri Lanka will not be impacted due to the contamination of the waters by the chemical spillage from the burning container ship X-Press Pearl, as the bulk is sourced from the Northern region, assured the seafood exporters.

Sri Lanka’s rural road network will receive an upgrade in the coming months with the government having signed a US$ 200 million loan agreement with the Asian Development Bank (ADB) earlier today.

Traditionally, retailers always had a strong hold in people’s hearts as the go-to destination to grab essentials, pick up a treat, get advice and spend time with friends. But, over time, those levels of familiarity and trust have weakened, as the s

The Transgenerational Entrepreneurship Practices (STEP) Project, Global Consortium and KPMG Private Enterprise came together in June of 2020 to find out what family business leaders around the world were doing to respond to the impact of COVID-19. Da

Sri Lankan Navy soldiers removing debris washed ashore from the Singapore-registered container ship MV X-Press Pearl,

The borrowers affected by the expansive restrictions imposed to control the COVID-19 third wave have been granted with another round of relief, the fourth round since the outbreak of the virus in March 2020 as the Central Bank has been seeing a flood

President Gotabaya Rajapaksa has instructed the relevant officials to take steps to provide organic fertilizer required for the ‘Maha’ season to farmers without any shortage, a statement from the President’s Media Division (PMD) said.

Sales soared at Tokyo Cement Company (Lanka) PLC as the cement maker benefitted from a stronger rebound in housing and construction activities in the first quarter of 2021 which made the company to add more heft to its production.

The ban imposed on non-essential imports is likely to remain longer than it was initially anticipated as the country battles a slowing economy, with mounting job losses, loss in livelihoods and personal incomes amid spike in COVID-19 cases and result

The government has issued passes to all factories functioning in the BOI Export Processing Zones and outside to facilitate the transport of employees between the places of residence and the workplace.

Sri Lanka’s agriculture sector is slated to receive fresh impetus with the Ministry of Finance and the World Bank (WB) having signed a new grant from the European Union (EU).

The government has issued passes to all the factories functioning in BOI Export Processing Zones and outside to facilitate the transport of employees between the places of residence and the workplace.

President Gotabaya Rajapaksa has instructed the relevant officials to take steps to provide organic fertilizer required for the ’Maha’ Season to farmers without any shortage, a statement from the President’s Media Division (PMD) said.

The Ministry of Finance and the World Bank recently signed a new grant from the European Union to support the Agriculture Sector Modernization Project (ASMP). This grant is part of the EU’s EUR 25 million support to the US$ 125 million project and

It’s as good a time as any to discuss cryptocurrencies and blockchain technology. The reason being that we seem to be in a truly transitional period of time. To anyone paying attention, it might appear evident that the traditional economic structur

Asian consumer groups engaged with reducing smoking and tobacco-related harm charged that health authorities and western anti-tobacco lobby groups often got in the way of shifting consumers towards less harmful products.

Asia-Pacific emerging and frontier markets continue to evolve rapidly. With insights from authors based in 11 local markets, this publication offers insights about regulatory developments, market structure and financial history in the region.

Sri Lanka’s apparel sector fears about the likelihood of a shift in trade taking place, which will be difficult to reverse, as the industry is faced with mounting challenges in delivering its orders on time.

The Central Bank appears to be settling for a lower private sector credit growth for the year than it earlier anticipated was possible, as the economy and its actors are beginning to feel the crunch from the ongoing extended restrictions on the econo

UK tourism is set for a slow recovery from the pandemic, with spending by holidaymakers this year expected to be just half the level of 2019.

Hambantota International Port (HIP) will partner Intertek Lanka (Pvt.) Ltd to establish a state-of-the-art petroleum-testing laboratory, which will be unique to Sri Lanka.

Neighbouring India is in the midst of conceptualising stimulus packages for the worst-hit segments of the economy, a move that would assist sectors that are heavily impacted by the pandemic to move towards a revival path.