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.

Hela Clothing, an ethical and sustainable apparel manufacturer with factories across Kenya, Ethiopia and Sri Lanka, has been recognised as a leading example of resilience and ingenuity during the pandemic by President Uhuru Kenyatta of Kenya.

Prime Lands Residencies Limited, the condominium property arm of Prime Group, recently debuted its initial public offering (IPO) proposition.

Sri Lankan shares ended marginally higher yesterday, driven by gains in financial and consumer staples’ stocks.

The Central Bank has stressed that it is imperative to explore new markets for Sri Lankan migrant workers since the importance of remittance inflows as a non-debt creating source of foreign exchange has increased in the face of the pandemic.

The growing restrictions imposed on the daily lives of people, claiming to contain the virus spread, are making more damage than the virus itself, rendering large swaths of people out of their livelihoods, who mostly earn a living out of their daily

Sri Lanka will soon see the establishment of a comprehensive cross border and foreign currency transaction monitoring system with the Central Bank (CB) implementing an International Transactions Reporting System (ITRS).

The transportation of goods and passengers, including warehousing activities, contracted by 6.7 percent in 2020 in value-added terms, in comparison to the growth of 1.4 percent recorded in 2019, the Central Bank (CBSL) said.

The Asian Development Bank (ADB) announced this week that its energy policy is being upgraded, so that it can better assist its developing member countries to provide clean, green, reliable, adequate and affordable energy for inclusive growth

The Central Bank of Sri Lanka (CBSL) on Friday asserted that to promote sustainable finance, in line with the roadmap, it intends to initiate an array of suitable instruments after taking into account market developments and needs.

Logistics carry dreams. Back in 2007, when I applied to graduate schools in the United States, nothing could beat the excitement of handing over my applications to FedEx,

International Chamber of Commerce Sri Lanka (ICCSL) Chairman Dinesh Weerakkody points out that the private sector is the engine of economic growth.

Remittance incomes from Sri Lankans working abroad continued its climb for the eleventh consecutive month as March earnings accelerated over 24 percent over the same month in 2020, marking the recent highest jump since the current run began in May la

Sri Lanka Institute of Nanotechnology (SLINTEC), the country’s top nano and advanced technology and research institute is seeking emergency regulatory approval for its low-cost COVID-19 test kit based on RT-LAMP technology, which has the ability to

Expolanka Holdings PLC produced its best ever financial performance in the three months ended March 31,

Inflation measured by the Colombo Consumer Price Index (CCPI) for all categories of goods and services rose by 3.9 percent during the twelve months to April 2021, but the prices of food staples rose by 9.0 percent, continuing their growth to near dou

The private sector credit, a key gauge of economic dynamism in the country picked up pace during March, marking the third month in raw such credit grew, in a sign of reactivating ‘animal spirits’ in the economy ahead of the New Year.

Sri Lanka being import dependent on several major food commodities in the food balance sheet requires the facilitation of regional and cross-country food trading to ensure food security.

Weighing in on the tourism trade which has been struggling to recover since the re-opening of borders, the Central Bank last week said that it is crucial to employ innovative strategies to keep the industry going under the new normal designed by the

Work-from-home (WFH) arrangement implemented in the public sector during the pandemic was not fully successful, the Central Bank (CBSL) said, due to issues related to ICT infrastructure and literacy.

In what appears to be a structural change in the Sri Lankan economy, people have taken more into agriculture from industry and services with the latter having seen the biggest exodus after the virus-related restrictions hampered the sector.

World stocks held near a record high and the euro was on course for its best month in nine as strong U.S. data and corporate earnings plus the Federal Reserve’s commitment to support the economy fuelled investors’ appetite for risk.

Huawei announced its business results for the first quarter of 2021 recently, which were in line with the forecast.

Sri Lanka’s frothy housing market gained steam after the Central Bank cut interest rates to record lows and set a ceiling rate since December last year, sending the appetite and prices of housing soaring.

Chevron Corp’s (CVX.N) first-quarter profit fell 29 percent compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset sale that benefited results

In a move to shift towards a more sustainable economic growth path, President Gotabaya Rajapaksa announced this week his goal to make Sri Lanka the first country in the world to do away with chemical fertilisers.

In terms of Section 35 of the Monetary Law Act No. 58 of 1949, the seventy first annual report of the Monetary Board of the Central Bank of Sri Lanka was presented to Prime Minister and Finance Minister Mahinda Rajapaksa by Central Bank Governor Desh

In an effort to move Sri Lanka towards embracing environment friendly agricultural practices, the government said it will take all the necessary measures to promote organic fertilizer production at district level.

There’s mounting opposition from all fronts against the government’s plan to change the existing Tourism Act. Having been a member of the team that helped draft the current act around 15 years ago, I felt that I should also lend my voice to the

Sri Lanka’s edible oil market has received considerable attention in recent weeks due to a series of events: the banning of palm oil importation in a bid to promote the coconut industry, detection of aflatoxins in imported coconut oil, importation