Sri Lanka has been successful in implementing only seven policy measures that were gender sensitive during the COVID-19 crisis, much lower that the implementation of its regional peers such as Pakistan, India, anSri Lanka has been successful in imple

With the vaccines against the coronavirus gaining momentum in Sri Lanka and across the globe, Fits Aviation (Pvt.) Limited (FitsAir), Sri Lanka’s sole private sector-owned airline with operations in both cargo and passenger segments, eyes major exp

Sunimalee Madurawala is a Research Economist at the Institute of Policy Studies of Sri Lanka (IPS). Her research interests include health economics, gender and population studies. Madurawala holds a BA (Economics Special), with First Class Honours an

As the economy is expected to recover from a contraction in last year to a positive growth of 3.3 percent this year, the Central Bank yesterday stressed that the country does not need an episode of high growth but rather stable and shared growth to b

The Central Bank of Sri Lanka (CBSL) and People’s Bank of China (PBoC) have entered into a bilateral currency swap agreement, with a view to promoting bilateral trade and direct investment for economic development of the two countries and to be use

In an about-turn, Standard Chartered Bank (StanChart) upgraded its outlook on the Sri Lankan economy, after the country received the approval from China’s Central Bank for a US $ 1.5 billion equivalent currency swap arrangement.

Plantations Minister Ramesh Pathirana has ordered to establish the Kithul Development Board, to regulate and develop kithul (fishtail palms) as a main plantation crop in Sri Lanka.

Sri Lanka’s Cabinet of Ministers has granted approval to ratify the landmark International Labour Organisation (ILO) Convention on Eliminating Violence and Harassment in the world of work and to draft sweeping new laws and regulations to prevent vi

Headline inflation, as measured by the year-on-year (YoY) change in the Natio nal Consumer Price Index (NCPI), increased to 4.2 percent in February 2021, from 3.7 percent in January 2021.

The Hotels Association of Sri Lanka (THASL) yesterday stressed that the moratorium alone is insufficient to tackle the ongoing crisis faced by the tourism sector and measures should be taken to extend an “innovative” stimulus package.

The remittance income from Sri Lankan migrant workers continued its climb in February, extending gains to its 10th consecutive month since last May.

The Central Bank of Sri Lanka (CBSL) and the People’s Bank of China (PBoC) have entered into a bilateral currency swap agreement with a view to promoting bilateral trade and direct investment for economic development of the two countries, and to be

The Sri Lanka Association of Printers (SLAP) is calling all printers in the country to observe a ‘Black Day’ today to protest against the unprecedented increase in the price of paper and other raw materials, which has resulted in the overall cost

Sri Lanka requires attention towards policy-oriented research activities, a pre- requisite if the country is to avoid growth stagnation, the Central Bank of Sri Lanka (CBSL) said this morning.

Deposit rates, which declined sharply throughout last year, appear to have ended their run, according to the latest available data for January 2021.

Fits Aviation Pvt Limited (FitsAir) is gearing to commence flight operations from unpaved dirt-strips, targeting cities and locations with congested and time-consuming road networks such as Kandy and Nuwara-Eliya.

The State Oil Company of Azerbaijan Republic (SOCAR) this week said the company expects to join Sri Lanka’s upcoming LNG development programme by partnering with the Pearl Energy project.

Businesses tend to prefer consistent bad policies to inconsistent good policies, as such provides predictability when taking business decisions including expansions and new investments, a top private sector executive says.

The Colombo Stock Exchange (CSE) and Securities and Exchange Commission (SEC) are encouraging family-owned businesses to go public to make use of the concessions offered to new listings, while boosting the country’s capital market’s liquidity.

Announcing further relief to those who lost their savings to now defunct finance companies, the Central Bank last week said the maximum compensation that a depositor receives will be increased from Rs.600,000 to Rs.1.1 million.

Tesla boss Elon Musk strongly denied Saturday that his cars, which gather large amounts of data, could ever be used to spy on China despite fears raised by Beijing, the Wall Street Journal reported.

Singer Finance (Lanka) PLC last Friday disclosed its plans to raise up to Rs.2 billion via a listed debenture issue.

REUTERS: Beleaguered casino operator Crown Resorts Ltd said on Monday it received a buyout offer from private equity company Blackstone Group Inc that values the company at A$8.02 billion (US $6.19 billion).

The State Oil Company of Azerbaijan Republic (SOCAR) announced it is eying Sri Lanka to set up its upcoming LNG development by partnering with the Pearl Energy project.

In an effort to extend further relief measures to depositors of finance companies, the Monetary Board of the Central Bank has decided to increase the maximum compensation payment under Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS

The interest rate caps hinder the formal banking sector’s penetration into the microfinance sector, as the default risks in the sector have increased substantially, while the banking sector braces for a rise in general market interest rates, on the

Grand Oriental Hotel (GOH), an icon of generations past, is opening its doors to a new era of splendour, bringing to life its rich colonial architecture.

The digital chapter of the Federation of Information Technology in Sri Lanka (FITIS) is gearing up to launch the first-ever Sri Lanka Internet Day 2021, this April.

Hosts BOI Chairman at embassy with representatives of Korean Businessmen’s Association On March 18, 2021, Ambassador of the Republic of Korea Santhush Woonjin Jeong had hosted Board of Investment of Sri Lanka (BOI) Chairman Sanjaya Mohottala, at t

China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles.