Sole local representative for AstraZeneca and Pfizer in Sri Lanka, Hemas Pharmaceutical (Pvt) Ltd said it welcomes the request by the Ministry of Health (MoH) to the private sector to assist and facilitate vaccine purchase from any source. It affirme

The Colombo Stock Exchange (CSE) says trading will function as per regular trading hours despite the countrywide mobility restrictions coming into place from tonight.

Zoom, a leading modern enterprise video communications service provider, announced it will launch this summer an all-in-one solution that would provide customers with the tools to create a wide range of engaging virtual experiences.

Sri Lanka hopes to strengthen bilateral relations with all countries, especially in the Asian region, with regard to trade and investment, President Gotabaya Rajapaksa said.

The Monetary Board of the Central Bank, which met Wednesday to assess the current monetary policy stance decided to keep the key policy interest rates at the prevailing historically low levels as they were of the belief that the current policy stance

Small and medium enterprises (SMEs) are seeking fresh relief on their debt servicing and other operational impediments, which they increasingly confront due to the business and job killing restrictions imposed by authorities to slow the spread of COV

The Planters’ Association of Ceylon (PA) marking International Tea Day yesterday requested all policymakers and stakeholders to take a holistic and practical approach towards a sustainable way forward for the industry, while ensuring that producers

The Cabinet of Ministers this week approved the proposed investment facilitation structure for the newly formed Selendiva Investments Limited, allowing the firm to setup three investment portfolios under the private — public partnership (PPP) model

Strong revenue and profit growth in the fourth quarter at both group and company levels have enabled Teejay Lanka PLC to considerably minimise the impact of the pandemic-affected first quarter on the group’s full-year results and end 2020-21 on a r

Port City Colombo, Sri Lanka’s brand-new reclaimed land, slated as the ‘Gateway to South Asia’, has now officially become the country’s first service oriented Special Economic Zone (SEZ).

Despite recording an impressive 183 percent Year-on-Year (YoY) growth in merchandise export earnings to US$ 798.9 million due to low base impact,

The Central Bank yesterday insisted on striking a balance between the COVID-19 containing measures and their implications on the livelihoods of millions of people as the authorities contend on how to deal with the virus while maintaining a working ec

National carrier SriLankan Airlines announced today that it has entered into a memorandum of understanding (MoU) with US-based leading aerospace company Boeing.

It was with some amusement that I read the article titled ‘Interest rate policy: Is it a punitive measure?’ written by Chandrasena Maliyadde, which appeared in the Daily Mirror on May 17, last Monday. It is a critique of my article, ‘Low intere

In early 2020, when the COVID-19 lockdown began, Sri Lanka’s food supply chain was significantly disrupted, leaving farmers and consumers to face the adverse effects of the pandemic. Wholesale and retail markets were closed and traders were encoura

Sri Lanka’s outward labour migration declined sharply by 73.6 percent year-on-year (YoY) to 53,713 persons in 2020, with the spread of the COVID-19 pandemic worldwide.

The value of currency notes and coins in circulation accelerated for the first time in recent years, recording a 23.1 percent year-on-year (YoY) growth to Rs.834.2 billion in 2020, driven by unprecedented demand for physical currency, as a direct imp

The Financial Intelligence Unit (FIU) of the Central Bank said it has imposed penalties on two financial institutions, amounting to Rs.4.0 million, during the first quarter, for not complying with the anti-money laundering laws.

Haycarb PLC, the manufacturer of activated carbon from coconut shells, generated higher revenues and profits for the three months ended on March 31, 2020 (4Q21), on higher demand for its purifying products, as the company expanded market share.

The very first eco-friendly luxury boutique resort in Colombo made its debut when Waters Edge recommenced the construction of the much-anticipated 48-room project.

Hayleys PLC pulled off a stunning financial performance for the three months ended March 2021 (4Q21), as its key export companies manufacturing rubber gloves, purification products and fabrics became clear winners from the new conditions created by t

Sri Lanka absorbed more people to the inefficient public sector while the labour force or the economically active population in the country contracted, giving more headaches to the private sector, which remains hamstrung with shortages of manpower to

Piramal Glass Ceylon PLC reported robust sales and profits for the three months ended March 2021 (4Q21), amid increased demand for glass containers from industries such as food and beverages and pharmaceutical.

Sri Lanka will not permit disembarkation of passengers into the country for 10 days starting 21 March, the Civil Aviation Authority (CAA) announced a short while ago.

Charting the way forward to establish a vibrant tourism industry amid the COVID-19 pandemic, Sri Lanka held its first inter-ministerial committee meeting for National Tourism Policy development today.

The best starting point to healthy living is to have health on your mind. That done, focus on your Grocery Shopping – for the food that goes into your cart, is which goes into your body.

The Financial Intelligence Unit (FIU) of the Central Bank announced it has imposed penalties on two financial institutions amounting to Rs.4.0 million during the first quarter for not complying with anti-money laundering laws.

The government shared that it is looking to increase its efforts in fast tracking the Digital Sri Lanka agenda, and is currently in the midst of getting the relevant stakeholders on to one platform.

Trade deficit in March widened for the first time nearly in a year as imports recovered almost at the same pace as exports partly driven by seasonal demand, leading to a widening of the trade deficit in the first quarter, the latest data released by

The shares of Chrissworld Limited, which commenced trading on the Colombo Stock Exchange yesterday, performed impressively with the share closing more than double the issue price.