The Export Development Board (EDB) announced it would implement a financial assistance scheme to help SMEs engaged in the food sector get their products on the shelves of international markets, especially to the UK.

An effective vaccination strategy is a necessity for countries to move beyond COVID-19. However, it also requires careful policymaking to balance the financial cost of purchasing and delivering vaccines while stimulating economic growth.

Sri Lanka is in a conundrum. its present governance has approved China’s extra-jurisdictional Special Economic Zone (SEZ) in Colombo Port City, right next to its commercial port.

NBFI sector NPLs rose sharply to 13.9% in 2020, from 10.6% in 2019, steadily rising from 5.3% in 2016 Sri Lanka is planning to set up a dedicated institution where the banks can sell their distressed assets for third party institutions for their sepa

Malaysia and Indonesia, perturbed by the government’s decision to slap a ban on palm oil imports, have asked for the removal of it, Mirror Business learns.

As the historically low interest rates upended the asset allocation decisions of people and firms alike, the mutual fund industry stood to benefit immensely out of that phenomenon, as its assets under management (AUMs) soared to over Rs.200 billion b

Sri Lankan shares closed higher yesterday, helped by gains in financial and consumer staples.

The total market turnover of the Colombo Stock Exchange (CSE) demonstrated a positive growth of 29.43 percent in the month of April compared to the previous month.

Sri Lanka managed to maintain the momentum in the number of tourist arrivals with 4,168 international travellers visiting the country in April.

PGP Glass, a unit of US-based private equity fund Blackstone, has increased its stake in Piramal Glass Ceylon PLC (PGC) to at least 78.65 percent,

LB Finance PLC (LBF) has succeeded in raising US $ 15 million on a four-year tenure from FMO, the Dutch Entrepreneurial Development Bank.

The All Ceylon Metal Foundry Industrialist Association (SLMFIA) in a media release yesterday hailed the banning of export of scrap metal and thanked Industries Minister Wimal Weerawansa for the decision.

The newly-appointed Country Director and Representative of the United Nations World Food Programme (WFP) Sri Lanka, Abdur Rahim Siddiqui, formally presented his letter of credentials to Foreign Minister Dinesh Gunawardena at the Ministry premises.

Exploring avenues to increase foreign exchange earnings, the local construction sector has initiated dialogue with Nepal to connect the industries of the two countries.

The provisions of the Port City Bill, if enacted, will erode the legal and political sovereignty of Sri Lanka in a number of ways.

The State sector borrowings soared in March as salaries and bonuses fell due for the country’s bloated public sector while supplier bills needed settlement ahead of New Year holidays.

MAS Holdings yesterday announced, that in line with its long-term strategic objectives, it has concluded the sale of its subsidiary attune Lanka (Private) Limited to Rizing LLC, a privately held, US-based boutique firm.

The Cabinet of Ministers granted approval to setup container-based cross-fit gyms across the country at an estimated cost of Rs.625 million in a bid to inculcate an active lifestyle among the youth while providing some catalyst for progress in sports

As cyber threats have continued to mount during the pandemic due to alternative work arrangements, cybersecurity should be made a topic of the boardroom and given extra attention, the Central Bank of Sri Lanka (CBSL) said.

The Cabinet of Ministers cleared the path to table the Central Bank Annual Report 2020 in Parliament as per the provisions of the Monetary Act.

Ministry of Health (MoH) has issued revised ‘Operational guidelines on the preparedness and response for COVID- 19 outbreak for banks and Non-Bank Financial Institutions’ (NBFI), considering the sector’s high vulnerability for the transmission

The Cabinet of Ministers has decided to award Rs.541.80 million contract to Colombo-based Slim Pharmaceuticals (Pvt) Ltd. to procure 840,000 prefilled Enoxaparin Sodium vaccines (4000 IU, 0.4mm) which are used treat harmful blood clots in heart patie

The government has decided to award US$ 13.1 million contract to India’s Mukesh Ambani-controlled Reliance Life Science (Pvt.) Ltd to supply 112,500 vials of human immunoglobin (BP 5 — 6 grams) based on recommendation of the Cabinet-appointed Sta

Sri Lanka came under fresh global spotlight in the 2Q21 with CNN promoting the country as a safe holiday destination to visit during the ongoing COVID-19 pandemic.

As work from home (WFH) arrangements place information systems at high risk, entities are urged to allocate adequate budgets to boost IT security.

The media reported, a few days ago the Presidential ban on agrochemicals from the next Maha season, apparently with a total Cabinet nod.

The success of the Colombo Port City is not dependent on the Colombo Port City Economic Commission Bill (“Bill”) itself, but in building an ecosystem that fosters sustainable financial industry growth.

Ahead of the parliamentary debate on the Port City Economic Commission Bill, Director – Sales and Marketing of the Port City Yamuna Jayaratne spoke to Mirror Business about the economic importance of the project and the plans in place for its attra

Sri Lanka’s fiscal deficit for 2020 exceeded both the deficit target for the year and the deficit in 2019, as the pandemic-induced economic disruptions put a strain on revenues, while the tax cuts failed to produce their desired economic resurgence

Pan Asia Banking Corporation PLC delivered its best quarterly performance in the three months ended in March 2021 (1Q21), as the bank opened its lending spigots giving more loans in a resurgent economy characterised by strong consumer spending.