The container throughput at Port of Colombo recorded a slowdown in the first two months of the year driven by declines in domestic and transshipment volumes due to global developments and sluggish trade.

Economist Deshal de Mel has been appointed as an Independent Non-Executive Director of Janashakthi Insurance PLC with effect from April 15, 2021.

The local confectionery industry will come under stress in the coming weeks as a shortage of palm oil, due to the overnight ban imposed by the government, will negatively impact the sector’s output and lead to a possible price increase for consumer

Industrial production, which primarily measures the manufacturing heft of local factories, slipped in February from the levels seen in January, but apparel and textiles manufacturing made stronger gains continuing the momentum set forth this year.

Maldives will soon offer visitors vaccinations on arrival as part of its three-pronged initiative aimed at reviving the country’s hard hit travel sector, according to its tourism minister.

The Sri Lankan rupee dipped further today against the US dollar, as the selling rate of a dollar was recorded at Rs.204.62.

Sri Lanka and India have taken a progressive step to integrate expertise in the area of science and technology with scientists from both the nations gearing up to undertake joint research.

The Monetary Board of the Central Bank has suspended the business of Swarnamahal Financial Services PLC (SFSP) with effect from 5.00 p.m. yesterday (April 12) due to the company’s deteriorating financial condition and non-availability of a viable r

The Sri Lankan rupee hit a new record low today against the US dollar, as the selling rate of a dollar was recorded at Rs.203.73.

From 01 May 2021, Singapore Airlines will increase its flight frequency to Sri Lanka from 3 times to 5 times weekly, operating the Airbus 350-900MH aircraft.

While Sri Lanka frequently engages with the International Monetary Fund (IMF) for technical assistance, and the two parties are also planning for the upcoming Article IV consultations towards the end of this year, the Central Bank reiterated that no

In the immediate aftermath of the onset of the COVID-19 pandemic and the unprecedented health and economic crises it unleashed, there was a widespread backlash in sentiment against globalisation and open economic policies. The greatly increased human

It is one year into the COVID-19 pandemic and the global community still confronts extreme social and economic strain as the human toll rises and millions remain unemployed.

The prime lending rate touched a fresh low last week after the Monetary Board said it would maintain the current accommodative monetary policy, reaffirming markets that low interest rates are required to further support the current revival seen in th

While Sri Lanka frequently engages with the International Monetary Fund (IMF) for technical assistance, and the two parties are also planning for the upcoming Article IV consultations towards the end of this year, the Central Bank reiterated that no

Once seemingly untouchable, Alibaba founder Jack Ma has endured a tumultuous run that saw his Chinese e-commerce giant hit with a record 18 billion yuan (US$ 2.75 billion) antitrust fine on Saturday, resolving one key uncertainty even as others persi

While a large segment of the borrowers who were under the extended moratoria have seen their cash flows being restored to a larger extent, banks sense another 10 to 20 percent of customers might still find it challenging to restart repaying their loa

Central Bank has extended the relief measures afforded to licensed finance companies on mandatory liquidity standards by a further 3 months through June 30, 2021 to ride the pandemic-induced business challenges, after the earlier extension lapsed on

Despite the heavy toll of the COVID-19 pandemic on Sri Lanka’s economy and the lives of its people, the economy will recover in 2021, though challenges remain, said the latest World Bank Sri Lanka Development Update: Economic and Poverty Impact of

In a fresh gazette last Friday (9th), the Central Bank (CB) relaxed the earlier rule of requiring exporters to convert 25 percent of repatriated proceeds down to 10 percent, while also doubling the period given to exporters and banks to meet the dire

Aitken Spence PLC recently acquired Waltrim Energy Limited, a subsidiary of Sunshine Holdings PLC, for Rs. 900 million.

Completing Rs.175 billion worth tea sold during 50 weekly sales, CICRA Solutions (Pvt.) Ltd’s award-winning Colombo Tea e-Auction platform is celebrating its first year of operations.

HSBC and the Asian Development Bank (ADB) this week announced a US $ 300 million financing programme to help the region’s supply chains scale-up to deliver life-saving vaccines at both volume and pace.

SriLankan Catering yesterday announced the appointment of Mangala Wijesekera as Chief Executive Officer of SriLankan Catering, a subsidiary of SriLankan Airlines.

The Public Utilities Commission of Sri Lanka (PUCSL) has announced that interest will be paid to electricity consumers on their deposits made when applying for connections.

The Central Bank of Sri Lanka (CBSL) yesterday issued a fresh warning to those interested in investing in virtual currencies (VCs), stressing that currently there are no regulatory safeguards relating to the usage, investment or dealing in VCs in Sri

The key stakeholders of the local tourism industry yesterday slammed the Sri Lanka Tourism Development Authority (SLTDA) for pushing the drafting of a new Tourism Act, without consulting the private sector.

The Sri Lanka rupee dipped further to a new low today against the US dollar with the selling rate plunging to Rs.203.59 per dollar.

The Central Bank of Sri Lanka (CBSL) today issued a fresh warning to those interested in investing in virtual currencies (VCs) stressing that currently there are no regulatory safeguards relating to the usage, investment or dealing in VCs in Sri Lank