Sri Lanka’s cement production and imports bounced back strongly in June by 42.6 percent year-on-year (YoY) indicating a considerable pick up in construction activities in the month emerging from COVID-19-induced disruptions, according to Central B

Price competition among non-life insurers is projected to intensify in the short-term amid the slowing down of new vehicle registrations, but the sector is expected to speed up expansion into non-motor business to make up for the lower motor insuran

The policy direction set out by the government would lead to another economic shock, preventing a ‘V-shaped’ recovery as anticipated and triggering a ‘W-shaped’ recovery path instead, a leading equity research house based in Colombo said.

Local foodies will be able to taste Sri Lanka’s food heritage come October with Lanka Exhibition & Conference Service (LECS) organising ‘The Street Food Festival’ to promote the nation’s cuisine.

Developing Asia will witness dampened economic growth this year, a contraction that will take place for the first time in six decades, the Asian Development Bank (ADB) said.

The micro, small, and medium enterprise (MSME) sector in Sri Lanka accounts for 90 percent of all businesses in the country, provides 45 percent of employment, and contributes 52 percent to the nation’s GDP.

Digital Transformation has become the talk of the town after the coronavirus pandemic and most private and public sector companies have had to adapt overnight to the new norm.

The Central Bank, together with financial institutions and LANKAQR, last weekend launched the Ratapuraama LANKAQR public awareness campaign in Matale, under the theme of ‘Mataleta LANKAQR’ (Taking LANKAQR to Matale). The chief guest of this inaug

Moody’s Investors Service has flagged concerns about possible constrains to Sri Lanka’s ability to have continued flexibility in its monetary policy, as the country is set to settle a billion dollar bond next month, using its external reserves, w

Sri Lanka’s trade deficit narrowed by US $ 509 million in July 2020 to US $ 209 million, from US $ 717 million in July 2019, as exports increased while imports recorded a decline.

CNBC, the world’s leading channel for consumer and business news, extended its support to Sri Lanka Tourism by providing US $ 100,000 worth of advertising on CNBC, gratis.

The United Nations Development Programme (UNDP) has partnered with Brandix Apparel Limited to promote renewable energy in Sri Lanka through the facilitation of model fuelwood plantations for a sustainable energy supply in Sri Lanka.

Sri Lanka’s manufacturing sector is ploughing ahead, beating the odds of the pandemic-induced disruptions, as the Index of Industrial Production (IIP) has reached pre-pandemic levels in July, with major manufacturing activities advancing ahead desp

The Delegation of the European Union (EU) to Sri Lanka and the Maldives in collaboration with the University of Peradeniya announced the EU-funded Capacity Building for Higher Education (CBHE) projects for 2020, on September 10, 2020.

State Pharmaceutical Corporation of Sri Lanka (SPC), the state-owned manufacturer and distributor of medicinal drugs, is considering expanding its reach significantly by establishing 100 new drug stores within the retail outlets of Sathosa and Co-op

President Gotabaya Rajapaksa has instructed officials to implement a short-term and long-term plan in collaboration with the public, private sectors and small-scale farmers to meet the local demand for liquid milk.

State Pharmaceutical Corporation of Sri Lanka (SPC), the State-owned manufacturer and distributor of medicinal drugs is considering expanding its reach significantly by establishing 100 new drug stores within retail outlets of Sathosa and Co-op Super

According to the World Health Organisation (WHO), non-communicable diseases (NCDs) accounted for 83 percent of all deaths in Sri Lanka in 2016. Even more concerningly, the WHO states that those with pre-existing NCDs, such as cardiovascular diseases,

The media reported some days ago of a proposal by the prime minister, to bring legislation to stop cattle slaughter and apparently majority of the government MPs are supportive of his proposal. Many Buddhist monks have also risen vehemently supporti

The future of MCC remains bleak. Last year, the government appointed an experts panel to review the content of the agreement and the panel report was presented to the members of the Cabinet for their recommendations before the last parliamentary elec

State Minister of Money, Capital Markets and State Enterprises Reforms Ajith Nivard Cabraal has appointed an Enterprise Development Advisory Board to make local industries competitive in the international market while protecting and empowering them.

Sri Lanka’s exporters appear to be chugging along vigorously in their respective fields since the coronavirus related restrictions eased, as they generated nearly a billion dollars in earnings in August, the third such consecutive month, despite so

Sri Lanka’s official foreign reserves, often used to gauge the strength of a country’s external position, continued to accumulate assets during August as the Central Bank remained a net buyer of foreign exchange in the forex market, but the trend

Identifying the crucial role of non-vessel operating common carriers (NVOCC) in regional trade, feeder-shipping operators are increasingly looking at owning their own NVOCC lines to jointly develop regional business.

Sri Lanka raised a fresh Rs.96.6 billion last Friday by offering bonds maturing in between 3 to 8 years as the government borrowed extended maturities to lock in lower borrowing cost for the medium to long-term.

Dr. Samadhi Rajapaksa took office as the third Chairman of National Authority on Tobacco and Alcohol (NATA) in January this year.

The Colombo stock market has recorded a noteworthy turnaround in recent months, driven by a progress in the indices and improved investor interest.

SEOUL (AFP) - A US$ 2billion-plus deal for a South Korean property developer to take over loss making Asiana Airlines collapsed yesterday in the wake of the coronavirus pandemic, with state-owned banks mounting a bailout to try to save 9,000 jobs. Th

HONG KONG (AFP) - Asia markets were mixed yesterday as investors largely brushed off another tech-led rout on Wall Street but they remain concerned about high valuations, while the failure of US la

The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) and the Friedrich Naumann Foundation for Freedom (FNF) in Sri Lanka co-organized a Kick-Off conference on their initiative ‘Sustainable Supply Chains as driver for global c