Severe long-term effects of the COVID-19 pandemic could push an additional 207 million people into extreme poverty on top of the current pandemic trajectory, bringing the total to over 1 billion by 2030, according to United Nations Development Progra

Farmers take part in a protest against the central government’s recent agricultural reforms at the Delhi-Haryana state border

SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance has won the ‘World’s Leading Airline to the Indian Ocean’ title once again at the World Travel Awards Grand Final held in Moscow.

Global food commodity prices rose sharply in November to their highest level in nearly six years, the UN food agency said this week, due in part to adverse weather conditions.

Investors pushed Asian markets higher yesterday on continued optimism over vaccines and on signs of progress on a new US stimulus, though surging infections and deaths highlighted the painful, immediate reality of the coronavirus crisis.

European doubts over a post-Brexit trade deal with Britain boiled over yesterday, with France threatening a veto even as intense negotiations entered what could be their final hours.

Britain insisted yesterday it can meet a new commitment to cut greenhouse gas emissions by more than two-thirds this decade compared to 1990 levels, the fastest reduction target of any major economy.

Boeing on Thursday picked up its first major order for the 737 MAX since the aircraft was grounded for 20 months following two fatal crashes, as Irish no-frills airline Ryanair signed a deal to acquire 75 of the planes.

The current global outbreak of COVID-19 that has already disrupted the lives of the people would further entrench the existing gender inequalities in many ways. In most contexts, women and girls are disproportionately impacted due to their relatively

Consequent to the second wave of COVID-19 infections, apparel companies have been working to the guidelines issued by the Environment, Occupational Health and Food Safety Directorate under the Health Ministry, which set out in detail the steps to be

Central Bank Governor Professor W.D. Lakshman this week called out to the doomsayers, who fail to understand the alternative policy platform unleashed by the government and Central Bank, which is already showing some encouraging results.

The Monetary Board (MB) of the Central Bank this week issued fresh guidelines to licensed finance companies (LFCs), capping the maximum number of shares held by a single shareholder or a group of shareholders acting in concert, effective from 2022 an

Lanka Realty Investments PLC, formerly known as Ascot Holdings PLC, yesterday said it purchased 47.2 million shares of On’ally Holdings PLC, which constitutes to 50.8 percent for Rs.1.4 billion, paying Rs.30.20 a share.

The Hotel Association of Sri Lanka (THASL) applauded President Goabaya Rajapaksa’s recent call to gradually restart the country’s tourism industry but expressed the need for greater clarity on the “burning issues” faced by the tourism sector

Ceylon Graphite Corp yesterday said its common shares have been approved for trading on the OTCQB Venture Market, effective December 3, 2020.

The licensed operator of the Sri Lankan stock market, the Colombo Stock Exchange (CSE), marked a historic milestone yesterday, as it completed its 35th year.

Export Development Board (EDB) Chairman Prabhash Subasinghe has stepped down after heading the country’s apex export promotion agency for one year.

Lanka Realty Investments PLC, formerly known as Ascot Holdings PLC, today said it purchased 47.2 million shares of On’ally Holdings PLC, which constitutes to 50.8 percent for Rs.1.4 billion, paying Rs.30.20 a share.

Export Development Board (EDB) Chairman Prabhash Subasinghe has stepped down after heading the country’s apex export promotion agency for one year.

The local tourism sector yesterday was presented with the harsh reality that it simply isn’t doing enough to reach its aspirations as planned and to make any real progress it is essential for the authorities to smartly relook at the industry’s ma

In an unexpected move, the government has decided to shut down the Public Utilities Commission of Sri Lanka (PUCSL) based on a budget proposal to reform the laws governing the country’s power sector regulator and the utility, the Ceylon Electricity

George Steuart & Company Limited (GS&Co) yesterday announced a voluntary offer to acquire all the issued shares of HVA Foods PLC, with the latter’s majority shareholder agreeing to sell the controlling shareholding of the company.

The asset quality of the non-bank finance institution (NBFI) sector further improved in September, continuing the momentum gained in August.

As state-owned enterprises (SOEs) continue to make losses and depend on the Treasury for bailouts, a tweak in rules required for listing would need to be accommodated to encourage such entities to enter the Colombo bourse, a top Colombo Stock Exchang

The Colombo Stock Exchange (CSE) from next year plans to open up its Multi-Currency Board to local companies, for both equity listings and debenture issuances, to raise funds in foreign currencies to facilitate their expansion plans outside Sri Lanka

It has been turned out that people are stockpiling notes and coins at a faster pace than before, indicating that they have become cautious in coming into contact with physical currency, due COVID-19 fears.

Sanasa Development Bank PLC (SDB Bank) raised Rs.1.53 billion via a rights issue concluded in November, becoming the first such fundraising carried out online, signalling that stocks and bond issuances could be successfully carried out via online cha

Standard Chartered Sri Lanka yesterday announced the facilitation of financing for Industrial Clothing Limited (Midas Safety Sri Lanka) as well as Hayleys PLC’s subsidiaries Dipped Products PLC and Haycarb PLC, to enhance their manufacturing capaci

The Central Bank, at its recent monthly monetary review meeting, decided to continue its accommodative monetary policy stance to boost economic growth while recognising the absence of demand-driven inflationary pressures. Accordingly, the Central Ban

Way back in 1945, renowned author Kumarathunga Munidasa wrote in ‘Virith Vekiya’: “A nation that does not invent and produce new things will not thrive.” The visionary Munidasa clearly understood the importance of innovation for economic and