The relief package extended by the government to the tourism sector was welcomed by stakeholders, however, the industry said further relief is required to stay afloat as the country grapples with the second wave of COVID-19.

Operations of Bodyline apparel factories of MAS Holdings in Horana and Agalawatte will begin as soon as health authorities give clearance for it, the management said yesterday.

Sri Lanka’s external foreign reserves in October were at just under six billion dollars even after the government settled a billon dollar sovereign bond earlier in the month, while the remaining outstanding dollar denominated debt for the remainder

The indices at Colombo Stock Exchange gained further yesterday after the benchmark index crossing the 6, 000-point threshold on Thursday as local investors appeared to be determined to keep the momentum going despite new COVID-19 cases in the country

The Central Bank yesterday said the six-month grace period extended for 4 percent working capital loan scheme would be extended to nine months in light that most of the borrowers have experienced difficulties in revamping their businesses as expected

Vision Care, Sri Lanka’s pioneering eye care service provider, donated a cold centrifuge to the Medical Research Institute to contribute towards Sri Lanka’s battle against the COVID-19 pandemic.

British budget carrier EasyJet is in talks with the German government for aid to manage the fallout from the coronavirus pandemic, its CEO said in an interview with a German business magazine.

Offering customer’s greater avenues of convenience coupled with a future-fit payment security model Genie, Sri Lanka’s first PCI-DSS-certified payment app, powered by Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has adopted tok

Sri Lanka Insurance (SLIC), the national insurer has facilitated an array of payment channels at this hour of need honouring customer needs while ensuring their safety and wellbeing.

The COVID-19 pandemic has in many ways compromised the meaningful engagement of youth in achieving the 2030 agenda for sustainable development.

Most Asian markets rose yesterday after the week’s strong gains with traders upbeat as the chances of Joe Biden winning the US election increased and after the Federal Reserve indicated it could provide further economic support.

Government failures to prepare for Brexit mean the UK faces “significant disruption” when it is fully free of the European Union on January 1, an official watchdog said yesterday.

The Central Bank today said the six-month grace period extended for 4 percent working capital loan scheme would be extended to nine months given that most borrowers have experienced difficulties in revamping their businesses as expected due to the se

The main All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) yesterday crossed the 6, 000-point threshold as investors reacted positively to the government’s decision to lift police curfew in the Western province on Monday and implying

Faster than anticipated recovery in business activities and strong consumer demand lifted performance at John Keells Holdings PLC (JKH) as most of its businesses reached pre-pandemic levels barring the leisure segment.

Hayleys group subsidiary, Dipped Products PLC, emerged a winner during the September quarter (2Q21) with its revenues and earnings surging amid higher demand for rubber gloves due to health requirements necessitated by the COVID-19 pandemic.

Diversified conglomerate LOLC Holdings PLC’s focus on overseas expansion has allowed the group to emerge as the most profitable listed entity for two consecutive years, a path that it would continue to explore as Sri Lanka’s economy looks to adju

India’s Adani Group is the front-runner to develop Sri Lanka’s stalled East Container Terminal in Colombo port, people with knowledge of the matter said, helping billionaire Gautam Adani expand his port business overseas.

Sri Lanka Economic Summit (SLES) 2020, organised by the Ceylon Chamber of Commerce (CCC), will be hosted as a virtual event for the first time, due to the ongoing global health crisis.

The government has extended the last date to file income tax returns without a penalty to February 28, 2020, the Inland Revenue Department (IRD) said.

National sales average for tea leaped by Rs.24.37 for the month of October from the previous month, an increase despite a dip in production.

Sri Lanka Economic Summit (SLES) 2020, organised by the Ceylon Chamber of Commerce (CCC), will be hosted as a virtual event for the first time, due to the ongoing global health crisis.

Amidst a backdrop of uncertainty, Hatch and London Stock Exchange Group (LSEG) SL successfully completed the fourth iteration of the KICKASS Bootcamp, a one-month long development program designed to address fundamental business development skills an

Amidst the severe disruptions triggered by the COVID-19 pandemic, it is important for economies to formulate and implement effective policies to mitigate the negative impacts induced by the crisis. As noted by the International Monetary Fund (IMF), t

Now that the executive and legislature have all that they asked for it is time to get down to the most critical aspect of business – meaningful action!

The Narahenpita Dedicated Economic Centre, along with the other economic centres in Ratmalana, Hokandara and Veyangoda, was reopened yesterday,

The European Union (EU) recently highlighted concerns with regard to Sri Lanka’s import restriction that is currently in place to prevent the outflow of foreign exchange, calling the ban “unfair”.

Poultry company Crysbro has commended the government’s initiative to revive and reinforce Sri Lanka’s maize cultivation industry, in a bid to bolster the country’s food security agenda.

Deposit rates fell further in October, continuing its descent into the 10th consecutive month since the Monetary Board turned dovish in January, reflecting the highest level of monetary policy transmission efficacy in recent history.

The pent-up demand drove Cargills Ceylon PLC to peak sales during the three months to September (2Q21), as the group more than recouped the lost sales during the pandemic-hit previous quarter to eclipse its last year’s performance.