The Central Bank has continued to purchase dollars from the domestic foreign exchange market for the second consecutive month in March, despite the recent pressure on the currency, as the Central Bank collects non-borrowed assets to shore up its fore

Global trade has prospects for speedy recovery this year with the expansion of merchandise trade, however the recovery process will be uneven after the COVID-19 pandemic shock, the World Trade Organisation (WTO) said last evening.

National carrier SriLankan Airlines today flew in a consignment of Sinopharm (BBIBP-CorV) vaccines manufactured in China.

The Sri Lankan Rupee (LKR) hit a record low of Rs 202.04 per US dollar today, data from the Central Bank (CBSL) revealed.

SLT-MOBITEL today issued a statement categorically denying that the malicious messages circulating on social media regarding the installation and propagation of a spyware, claiming the telecom service provider, are complicit in an alleged unlawful ac

PGP Glass Private Limited, previously known as Pristine Glass, and a part of US-based private equity giant Blackstone Group, yesterday bought the controlling stake of Sri Lanka-based Piramal Glass Ceylon PLC in a Rs.6.2 billion deal.

Sri Lankan shares closed lower yesterday, weighed down by losses in industrial stocks and heavyweight conglomerate Expolanka Holdings.

Top lawyer Dr. Harsha Cabral has been appointed as the Acting Chairman of Hatton National Bank PLC (HNB), following the resignation of top professional Dinesh Weerakkody as the bank’s Chairman with effect from March 30, 2021.

Sri Lanka’s largest private lender Commercial Bank of Ceylon PLC yesterday announced the appointment of Thushara Wijewardena to its board of directors as a Non-Executive Independent Director with effect from March 31, 2021.

Cabinet nod has been granted for Department of Motor Traffic (DMT) to obtain service facilities from State-owned Sri Lanka Telecom (SLT) to implement a pre-booking system with SME alerts for the public at the Head Office and all other district office

The Cabinet of Ministers has granted approval for Sri Lanka Land Development Corporation (SLLDC) to implement identified flood minimising projects worth of Rs 2.8 billion in risk-prone Colombo and its suburbs as well as in other areas in the country

The Cabinet of Ministers has granted the approval to setup a cyclotron-based radiopharmaceuticals production center to manufacture radioactive dye Fluorodeoxyglucose (18F-FDG) that is used in positron emission tomography (PET) and computerised tomogr

The Cabinet nod has been received to establish an independent and transparent mechanism to regulate the country’s petroleum industry under the Ministry of Energy and Sri Lanka Public Utilities Commission (PUCSL).

International Air Transport Association (IATA) is urging governments to accept best-in-class rapid antigen tests in fulfillment of COVID -19 testing requirements following a research report by OXERA confirming accuracy of results.

Sri Lanka’s unemployment rate reached 5.8 percent in the third quarter of 2020 (3Q20), the highest-ever recorded in recent years

Following the resignation of top professional Dinesh Weerakkody as the Chairman of Hatton National Bank PLC (HNB) with effect from today due to personal reasons, Dr.Harsha Cabral has been appointed as the Acting Chairman of the bank during an emergen

The Colombo Stock Exchange today saw the sale of 56 percent of Piramal Glass Ceylon PLC.

With the establishment of the Special Economic Zone in Colombo Port City (CPC), the government has granted sweeping powers to the proposed Economic Commission, for the promotion and regulation of CPC as a leading international business hub in the reg

State-owned National Savings Bank (NSB) yesterday announced its financial performance for the year 2020, which was characterised by strength and resilience, despite the heightened uncertainty due to the impact of the COVID-19 pandemic.

World oil prices rebounded yesterday, reversing earlier losses after a warning that the Suez Canal container ship blockage remains a challenging situation.

The regulatory framework to develop Sri Lanka’s boatbuilding industry was officially handed over to the implementing agencies under the patronage of Trade Minister Dr. Bandula Gunawardena yesterday, at the Trade Ministry.

The World Health Organisation (WHO) warned yesterday against a widening gap between the number of coronavirus vaccines in wealthy countries and those distributed to poorer nations through the global Covax initiative.

Sri Lankan shares ended higher yesterday, helped by gains in industrial and financial stocks.

As the Central Bank brushed aside the recent uptick seen in the yields of the government securities as an indicator of the overall lending rates in the market, ICRA Lanka Limited said the authorities would however have to rein in the bond yields to e

The government yesterday expressed its willingness to work with the world’s largest economy, China, to expand cooperation in fields such as infrastructure and tourism.

Taxi hailing app, Uber announced today it will provide discounted three-wheel rides for its customers travelling to 13 vaccination centers located across Colombo.

According to the draft law on Colombo Port City Economic Commission, those employed at the special economic zone will only be remunerated in a designated foreign currency, other than in Sri Lankan rupee (LKR).

AFP: Egypt’s Suez Canal Authority said Monday the Ever Given container ship, which has been blocking the crucial waterway for nearly a week, has been turned in the ’’right direction’’

Recently, the government announced a plan to obtain the services of a foreign constancy firm to promote foreign direct investment (FDI).

Private sector credit growth, which reflects the speed of economic recovery, accelerated in February from a month with private individuals and businesses borrowing for consumption and investment.