The Asian Palm Oil Association (APOA) renewed its call to the Sri Lankan government, urging it to reconsider the temporary ban on oil palm cultivation.

The Colombo Stock Exchange maintained its upward momentum for the fifth consecutive session yesterday as foreign investors made significant contributions, resulting in the highest net foreign inflow to the market in recent times.

Pursuant to the demise of MJF Holdings Founder and Chairman Merrill J. Fernando, his two sons, Malik J. Fernando and Dilhan C. Fernando, wish to express their deep appreciation to the overwhelming number of people who joined them in their grief and i

In line with the government’s policy to focus on private sector-driven growth towards a strong export-oriented economy, a high-powered five-member committee comprising of well-known corporate leaders have been appointed to draft a new investment po

Inflation in the Colombo district retreated to what once appeared to be an elusive mid-single digit level in July, as food prices declined from a year ago, while the non-food prices eased to just above 10 percent, ending nearly two-year long price sp

Sri Lanka is eyeing to ink free trade agreements (FTA) with two more ASEAN members, Malaysia and Vietnam, in line with the country’s plans...

Sri Lanka’s largest private lender in terms of assets, Commercial Bank of Ceylon PLC, yesterday revealed plans to raise up to Rs.12 billion through a listed debenture issue

Sri Lanka will be seeking a minimum six-fold increase in duty free access for its ready-made apparel products from India with no fabric sourcing conditions under the proposed Economic and Technology Co-operation Agreement (ETCA)

The negotiations for the proposed China-Sri Lanka Free Trade Agreement (FTA) are expected to resume within the next one to two months after a six-year hiatus. “We are waiting for official communication from China on dates for the next round of FTA

The government on Monday announced easing of certain restrictions hitherto slapped on outward remittances since April 2020, amid improvements seen in the country’s domestic foreign exchange market.

Premier blue-chip company John Keells Holdings PLC reported modest top and bottom-line performance for the Krishan Balendra three months to June....

The Export Development Board (EDB) yesterday said Sri Lanka’s gem and jewellery sector is under serious threat, due to a surge in foreign traders’ involvement in key gem markets without the required licences, threatening the sector’s integrity

The Central Bank last week issued an ultimatum to banks to reduce lending rates, which have only fallen disproportionately, compared to the plunge in deposit rates in response to the easing in the monetary....

It is essential for Sri Lanka to ensure it goes ahead with the current reform efforts, else it runs the risk of having to face another Domestic Debt Optimisation (DDO) exercise, the Central Bank cautioned yesterday

The next two years would be critical for Sri Lanka’s recovery, the World Bank (WB) Country Director for Sri Lanka said, while cautioning that there are further significant headwinds that need to be closely monitored. WB Country Director for the Mal

Sri Lanka’s industrial sector heft took a surprising dive in May reflecting weaknesses in the apparel sector, which has been going....

With the foreign currency condition in the domestic market seeing a gradual improvement, the Central Bank (CB) appears to have taken a further conciliatory approach for imports, as it has recommended relaxing another batch of 900 goods but without ve

Sri Lanka has met all interim targets agreed with the International Monetary Fund (IMF) in return for the Extended Fund Facility....

The Sri Lankan government would want to see the Indian rupee used as much as the dollar, President Ranil Wickremesinghe said

With the government issuing less debt than before under the domestic debt optimisation (DDO) proposed recently

The government has finalised transaction advisors to assist in the proposed divestiture of seven state-owned enterprises (SOEs) as part of its SOE...

Analysts expect a further reduction of 100-200 basis points in policy interest rates by the Central Bank in the coming months, aiming to provide additional support for economic recovery, as inflation is projected to stabilise at the desired mid-singl

Credit extended by commercial banks to businesses and individuals has continued to contract for the 12th consecutive month in May amid Central Bank’s expectations that credit conditions should ease...

President Ranil Wickremesinghe this week called for more collaborative efforts among the regional peers, so that South Asia can boost its tourism sector.

The Central Bank slashed policy rates again by another 200 basis points yesterday, after delivering a 250 basis point cut in June

Amid the growing concerns among bank deposit holders regarding the potential negative consequences during the progress of the Domestic Debt Optimisation (DDO) initiative, senior economist and Verité Research Executive Director Dr. Nishan de Mel said

Barely into a year since the present administration opted for an International Monetary Fund (IMF)-assisted fiscal reset by raising taxes and rationalised spending, the budget is still running a higher deficit than....

There is a widespread expectation of an upcoming policy rate cut announcement by the Central Bank on Thursday (6th) to further relax the financing conditions in the market to support the economic recovery, as inflation expectations remain well-anchor

The food prices measured on a monthly basis rose for the second month in a row in June, albeit at a slow pace from a month ago, reflecting that the inflationary impulses still remain abound in the economy and the bulk of the heavy lifting in bringing

Given the anticipated shortfall in state revenue from the targeted levels, a former Central Banker casted doubts on the narrow scope in the proposed Domestic Debt Optimisation (DDO) strategy providing sufficient leeway for the government to get the f