Hats off to Prime Minster Mahinda Rajapaksa for at last realising that hard truth that “we would have been better off economically, had the country adopted a policy of focusing on producing import alternatives – rather than depending on other cou

The indices at the Colombo Stock Exchange (CSE) entered new territory yesterday, breaking all the previous records, while recording over Rs.12 billion turnover for the second consecutive day, amid heightened market activity.

The Labour Ministry has initiated discussions with the relevant stakeholders to limit the current workweek to five days while maintaining maximum weekly working hours to 45.

Fitch Ratings yesterday said the roll-out of fifth generation (5G) mobile network in Sri Lanka is likely to be delayed beyond 2022.

Former Finance Minister Mangala Samaraweera has endorsed the decision taken by the government led by President Gotabaya Rajapaksa to develop the East Container Terminal (ECT) of the Colombo Port with the involvement of foreign investors.

Sri Lanka will offer the “quarantine-free” experience to foreign tourists when the country opens its airports this Thursday for commercial flights, the Sri Lanka Tourism Development Authority (SLTDA) said.

Equity analysts have joined economists to caution against the possible fallout of overdoing monetary policy easing, as it could be a recipe for sparking inflation, leading to overheating of the economy.

The local tourism sector has been issued with a renewed set of ‘safety protocols’, one that is relaxed and allows international travelers experience the island nation with fewer restrictions.

With the latest attempt to reach a consensus between Regional Planation Companies (RPCs) and trade unions on a wage structure to grant Rs.1, 000 minimum daily wage to plantation workers bearing no fruit, Labour Minister Nimal Siripala de Silva is loo

The Sri Lankan rupee came under acute pressure last week amid a temporary drought in inflows, deferred payments for imports coming in and exporters showing reluctance to convert foreign currency, causing some liquidity shortfall in the dollar market.

The Finance Minister has appointed retired Major General G.A. Chandrasiri as a Non-Executive Director to the board of State-owned Bank of Ceylon (BOC) with effect from January 8, 2021. Major General Chandrasiri is the current Chairman of Airport and

Mila Fashion, part of the Design Studio group, has entered into an agreement with Sri Lanka’s Board of Investment (BOI) for the setting up of a brand-new apparel manufacturing plant in Welioya.

Foreign holdings of Sri Lanka government securities have increased to-date during 2021, the official data showed.

The Securities and Exchange Commission (SEC) has decided to give full autonomy to the Colombo Stock Exchange (CSE) on the Initial Public Offering (IPO) process and has relaxed the Listing Rules on the same to encourage more listings on the Colombo b

Amid certain quarters finding fault with the Central Bank and the overall economy for not being able to sell the entire stock of Treasury bills at weekly auctions in recent times, a rating agency said the move was intentional and appeared to be in li

The Purchasing Managers’ Index (PMI) for both manufacturing and services continued its expansion in December indicating that economic activities are recovering much faster than expected and virus related restrictions are only having minimal impact.

The Colombo Stock Exchange (CSE) continued its bull run full steam ahead yesterday, smashing records and setting new ones, amid tremendous local investor bullishness, though foreigners continued to keep away.

The Sri Lanka Chamber of Small and Medium Industries (SLCSMI) yesterday welcomed the initiative of President Gotabaya Rajapaksa in appointing an 18-member deregulation commission for the simplification of the existing laws and regulations in the inte

The Australian government-funded Market Development Facility (MDF) has partnered with bio-resources development company Biomass Supplies (a subsidiary of Biomass Group) to promote a sustainable agro-energy model to protect Sri Lanka’s forests, supp

Finance Minister Bruno Le Maire expressed France’s stiff opposition to a possible near-US $ 20 billion takeover of Carrefour by Canada’s Alimentation Couche-Tard yesterday, driving the French retailer’s shares down by 4.5 percent.

SriLankan Airlines has been awarded the Platinum Standard status by APEX Health Safety, powered by SimpliFlying, following a full independent audit for the airline’s efforts in ensuring the highest standards for passenger safety and well-being duri

The government has decided to introduce a new mobile phone application for tourists visiting Sri Lanka, the Sri Lanka Tourism Development Authority (SLTDA) said.

Sri Lanka’s external sector performance continued to improve in November with the trade deficit narrowing further, mainly due to the restrictions imposed on non-essential imports and the lower fuel bill, despite the second COVID-19 wave taking a to

National carrier, SriLankan Airlines has been awarded ‘Platinum Standard’ status by APEX Health Safety, powered by SimpliFlying.

People’s Bank in a brief statement today clarified on recent news reports in media about the bank.

The global shock of the COVID-19 pandemic proves, once again, the old adage that ‘it takes a crisis’ and especially so in the world of education. From school leaders to students, educators and parents, are absorbing the lessons, rethinking past a

No 21st century organisation can survive without a central information system that integrates its work functions across the units and management layers. Some organisations do this with enterprise resource planning (ERP) software tools,

The first phase of South Asia’s largest tyre manufacturing plant, Ferentino Tyre - which was formerly known as Rigid Tyre - was opened by President Gotabaya Rajapaksa yesterday.

Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS) is slated to undergo certain revisions this year to expedite the payment of compensation to depositors of failed financial institutions.

Emerging market economies have seen fund inflows turning positive last November in a sign that global investors are rebalancing their fund allocations seeking higher yields and cheaper emerging market valuations, and the trend could set off a positiv