Buoyed by positive local investor sentiment, the main All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) rose 2.54 percent or 147.07 points last week to 5, 945. 79, while the more liquid S&P SL20 Index rose 0.93 percent or 21.93 points

The recovery in private credit and the broader economic revival post-coronavirus are expected to lift many economic participants and sectors other than finance companies, as they could be left behind due to intense competition from banks, while leasi

Sri Lanka produced a record paddy harvest in 2020 as both cultivation seasons gave a bumper crop as favourable weather, robust policy assistance and assurance of guaranteed prices gave hope and certainty to the farming community to cultivate a larger

Following the Minuwangoda factory outbreak that has become the biggest COVID-19 cluster in the country, over 15, 000 PCR tests have been carried within factories under the Board of Investment (BOI) in the last few days.

Following a routine PCR testing at Hirdaramani Industry, an employee associate attached to the Kahathuduwa facility had tested positive for COVID-19.

The Central Bank has approved Rs.178 billion worth of loans under its Saubagya COVID-19 Renaissance facility from April 1 through October 15, surpassing the originally determined limit of Rs.150 billion committed for businesses and individuals hurt b

The release of the second quarter (2Q) gross domestic product (GDP) estimates are set to get further delayed till December 15 as the Department of Census and Statistics (DCS) is capturing economic activities carried out digitally while collecting dat

Following a routine PCR testing at Hirdaramani Industry, an employee associate attached to the Kahathaduwa facility has tested positive for COVID-19.

Following the Minuangoda factory outbreak that continues to increase the number of Covid-19 positive cases, over 15000 PCR tests have been carried within factories under the Board of Investment (BOI) in the last few days.

Holger Seubert , Newly appointed Ambassador for the Federal Republic of Germany to Sri Lanka paid a courtesy call on Susantha Ratnayaka, Chairman Board of Investment at his office in the WTC.

Sri Lankan exporters are more positive in their outlook with expectation for a moderate growth for export business and the economy over the next 12 months as the country rebounds from the impact of COVID-19, according to a leading business survey on

Stock markets were mixed yesterday, with gainers supported by bargain-buying after the previous day’s sell-off, with investors growing increasingly concerned about new lockdown measures in Europe as a second wave of coronavirus takes hold.

The Philippines has lifted a moratorium on oil and gas exploration in the disputed South China Sea, which the government said yesterday could fast-track talks with Beijing on a joint energy project.

Hong Kong’s budget carrier HK Express joined airlines offering “flights to nowhere” on Thursday with an inaugural journey filled with media and influencers, sparking criticism from environmentalists.

Although Ceylon Tea production dampened in the month of September, the sector has managed a Year-on-Year (YoY) increase of Rs. 108.02 in the national sales average.

UB Finance Co. Ltd. a subsidiary of Union Bank of Colombo PLC is committing to a rights issue amounting to Rs.1.6 billion to strengthen its balance sheet and meet the capital guidelines of the Central Bank of Sri Lanka (CBSL) by 31st December 2020 as

Programmatic Colombo, the first event of its kind, was successfully held in Sri Lanka recently, organised by Adstudio.Cloud, at The Kingsbury Hotel, Colombo.

Prime Minister Mahinda Rajapaksa yesterday visited premier blue chip John Keells Holings’ flagship project Cinnamon Life.

Contrary to the popular belief that Central Bank’s Monetary Board would stay pat at the next week’s policy meeting, ICRA Lanka observes more reasons are building up for the rate setting committee to consider a rate cut as opposed to why it should

Sri Lanka’s manufacturing activities expanded at a higher rate with an index value of 59.8 in September 2020, an increase of 1.9 index points from August, according to the Purchasing Managers’ Index compiled by the Central Bank.

Sri Lanka’s tea exports for the month of September recorded a drop in terms of volumes, but in terms of value, higher revenues were fetched compared to the corresponding month in the previous year.

As Sri Lanka’s massive debt burden limits the government’s ability to extend a sizeable stimulus package beyond the coronavirus recovery stage, the country was urged to look at a more sustained growth path that is built on productivity-driven gro

Catering arm of the national carrier, SriLankan Catering will soon be launching a range of heat-and-eat frozen meals for both local and overseas supermarkets under the brand name ‘Cuisine Gastronome’ in a bid to create other revenue generation av

Sri Lanka’s industrial production slipped in August amid deceleration in a few key sectors but held at pre-pandemic levels reached in July demonstrating resilience of the country existing industries and the new ones entering the sector buoyed by ro

Weligama Bay Marriott Resort and Spa management says operations would continue sans new room bookings, though a guest tested COVID-19 positive following nine days after his departure.

Cargills Bank Limited reported Rs.306 million net loss for the three months ended June 30, 2020 (2Q20) on top of Rs.242.6 million loss in the previous quarter (1Q20), amid the bank’s management seeking the assistance of external consultants to turn

Catering arm of the national carrier, SriLankan Catering will soon be launching range of heat-and-eat frozen meals for both local and overseas supermarkets under the brand name ‘Cuisine Gastronome’ in a bid to create other revenue generation aven

The International Monetary Fund (IMF) this week forecasted Sri Lanka’s economy to contract by 4.6 percent, significantly higher than a 0.5 percent contraction it predicted in April, as the coronavirus pandemic-related disruptions continuing to take

As the ‘Ceylon’ brand continues to be misused in the global market, especially in the case of tea and cinnamon, the government announced its decision to amend the current intellectual property laws to accommodate the Geographical Indication (GI)