The export earnings recovered in December 2020 from the brief set back from the lockdowns set in since October, due to the second wave of COVID-19, as the gradual reopening of the key export markets in Europe and the United States is boding well for

The United Nations World Food Programme (WFP) and Government of Sri Lanka welcome a funding of CAD 1 million (Rs.151 million) from Global Affairs Canada, to help smallholder farmers cultivate nutritious crops for the National School Meal Programme.

Air Arabia, the Middle East and North Africa’s first and largest low-cost carrier, has announced the resumption of regular flights between Sharjah and Colombo, starting March 2, 2021.

With a pioneering vision to provide timely and trusted prescription medication service to the Sri Lankan public, Mymed.lk has become an essential part of peoples’ lives in the face of a pandemic.

The indices at the Colombo Stock Exchange (CSE) saw some wild fluctuations during intra-day trading yesterday, with negative sentiment creeping in mainly as a result of forced selling, though they closed on a strong note regaining some of the lost gr

The Securities and Exchange Commission of Sri Lanka (SEC) together with the Colombo Stock Exchange (CSE) met the CEO’s of stockbroker firms for a discussion on the current status of the stock market yesterday afternoon.

Meanwhile, in a brief statement, the Colombo Stock Exchange said despite yesterday’s slide in market indices, the benchmark All Share Price Index (ASPI) and S&P SL20 Index continued to maintain double-digit growth rates year-to-date.

Sri Lanka ‘s participation in regional value chains (RVC) recorded stronger growth relative to global value chains (GVC) during 2015-2019, according to a latest report by the Asian Development Bank (ADB).

Sri Lanka faced no pressure from China with regard to the East Container Terminal (ECT) project, Sri Lankan Foreign Minister Dinesh Gunawardena has said. “China did not pressure us in anyway. They will not interfere in Sri Lanka’s internal affair

Singer Sri Lanka PLC witnessed strong business across nearly all of its verticals led by IT products such as smartphones and laptops as people shifted their work, education and entertainment online as new coronavirus upended people’s usual lifestyl

The Rs.1,000 daily minimum wage recently approved for plantation workers by two industry wages boards is set to face major obstacle over the next couple of weeks, as the move could also impact wages in the tea smallholder sector and privately-owned t

On top of narrow fiscal buffers and high indebtedness, COVID-19 pandemic related impacts could worsen Sri Lanka’s vulnerabilities to shifts in global sentiment, according to the Institute of International Finance (IIF), a Washington-based global As

G7 nations will consider whether to use the IMF to mobilise US$ 500 billion in aid to the world’s poorest nations to respond to the Covid-19 pandemic, a French source said yesterday.

Newly elected chief of the Sri Lanka Apparel Exporters’ Association (SLAEA) Aroon Hidramani spoke to Mirror Business recently on how the country’s apparel sector is gearing up to tackle 2021 after a tumultuous year marred by a global pandemic.

Two thousand twenty-one will be a difficult year. For most economies – not just for Sri Lanka. One does not have to be a macroeconomist to predict that. This year carries a legacy from 2020 that has brought unprecedented economic shocks as the cons

Two thousand twenty-one—it’s finally here! I think we can all agree that the last year was both the longest and fastest year ever. One thing we will all remember from 2020 is how work and life collided and converged in an unprecedented way, makin

With the COVID-19 pandemic slowing down the global investment flows, the rapid implementation of the special economic zone (SEZ) framework proposed for Colombo Port City (CPC) stands to play a decisive role in placing Sri Lanka as a premier financial

Household consumption declines by 5% in Jan.-Sept., in comparison to 4.1% increase in 2019

The Cabinet of Ministers this week gave permission to allocate land plots to 22 investors from eight industrial zones, to initiate their projects worth over Rs.24 billion, which are expected to generate 3,326 direct employment opportunities.

State-controlled Sri Lanka Telecom PLC (SLT) fared better in the three months ended December 2020 (4Q20), as the telecommunication industry rode on the pandemic-fuelled demand for data and other virtual connectivity services, with people mostly hooke

Access Engineering PLC continues to push its top and bottom lines higher, as the group fared well in its most recent quarter ended on December 31, 2020 (3Q21), recovering from the pandemic-induced setbacks on the construction sector.

The Cabinet of Ministers this week cleared the path to award the remaining tenders to the selected bidders of the 150 MW solar power project of the Ceylon Electricity Board (CEB).

A working economy and a healthy growth in loans would keep the credit costs and non-performing loans (NPLs) under check, as the banking sector in Sri Lanka has largely shown its resilience before the adversities thrown in by the pandemic last year.

The lockdown, isolation and quarantine may have restricted access to food outlets but they certainly did not stop locals from making Sri Lanka’s very own ‘yellow rice and chicken’ the most sought-after meal in 2020.

Funded by the United States, Sri Lanka@100 (SL@100) selected its first round of seven high-potential companies to receive cutting-edge business advisory services to accelerate their growth. SL@100, a private sector-led platform focused on the growth

Responding to concerns raised by some sections on the potential of interest rates to increase towards the second half of the year, the Central Bank said the consumer prices, which is the often-used gauge to guide interest rates by the Monetary Board,

Gulf Air, the national carrier of the Kingdom of Bahrain will resume direct operations to and from Colombo’s Bandaranaike International Airport (BIA) with two weekly flights starting from February 15 on its new Airbus A320neo aircraft.

LOLC Holdings yesterday announced a plan to raise up to Rs.10 billion via a listed debenture issue.

Swiss Singapore Overseas Enterprises (Pvt) Ltd, a unit of India’s Aditya Birla Group and Singapore-based Agricultural Resources and Investments (Pvt) Ltd.have secured tenders to supply chemical fertilizer to the Ceylon Fertilizer Company (Lak Pohor

The Cabinet nod has been received to review the trade pacts that are under negotiation, and to explore possibility of entering into new bilateral and multilateral trade pacts.