While Sri Lanka’s banks may get affected by the impending debt restructuring, Acuity Stockbrokers believes that the sector may not need additional capital infusions in the short term but cautioned that the fallout from the deteriorating economic co

Fitch Ratings said Sri Lanka’s insurers would face elevated risks from the challenging operating conditions caused by the macroeconomic challenges, which stemmed from the persistent foreign exchange shortages and hotter inflation.

Chevron Lubricants Lanka PLC, Sri Lanka’s lubricant market leader, is perturbed by the government’s move to grant licences to nine new players to enter the country’s lubricants industry, increasing the number to 22.Last year, the Energy Ministr

Former Central Bank Governor Ajith Nivard Cabraal, who is at the receiving end for the country’s botched rupee float, yesterday said the new Central Bank governor and Finance Ministry secretary can change the present “flexible” exchange rate po

Chinese Ambassador Qi Zhenhong, who reiterated the importance of a free trade agreement (FTA) between Sri Lanka and China, said the Secretary to Prime Minister Mahinda Rajapaksa had been assigned to arrange the Sri Lankan negotiation team.

As the world’s dominant creditor, China must demonstrate leadership in addressing the growing debt problem facing many low-income and emerging market countries around the world, this year’s leader of the Group of 20 finance officials told Reuters

Keshini Subasinghe assumed her role as Director Marketing of Heineken Lanka Limited recently.

Udupussellawa Plantations PLC and Hapugastenne Plantations PLC, which are operated under Browns Plantations, have appointed four new Non-Executive Directors to its boards effective March 30, 2022; Dr. Pradeep Uluwaduge, Kamantha Amarasekara, Sunjeeva

In the wake of difficulties experienced by Sri Lanka, the Embassy of Italy in Colombo yesterday annouced that the Republic of Italy will be granting an in-kind emergency contribution to Sri Lanka of around Rs.125 million (Euro 341,115) for the purcha

Hapag-Lloyd Lanka, a subsidiary of Aitken Spence PLC and the local representation for Hapag-Lloyd-AG- Hamburg won two Customer Service Awards for the Europe and Mediterranean Trade at the recently held award ceremony by the Institute of Chartered Shi

In an attempt to mitigate the pressure on forced selling and its impact on overall market performance when the market re-opens today, the Security and Exchange Commission (SEC) of Sri Lanka has relaxed regulatory margin levels on credit facilities ex

Soaring interest rates in the economy is seen as a welcome factor for life insurance companies, specially the ones with large life funds as that could significantly enhance their investment incomes and potential lower transfers to insurance contract

The Central Bank, making good on a policy promise made on April 8, removed rate caps applicable on select lending products in view of the sharp rise in bank lending rates and thereby allowed the banks to decide on their respective pricing of loans de

Sri Lanka’s consumer prices measured by the National Consumer Price Index hit a fresh high in March 2022 as the headline prices soared 21.5 percent over the same month a year earlier reflecting that the country has fast entered into a hyper inflati

Leading private sector stakeholders of the tourism industry yesterday joined hands in appealing yet again to the government to change the leadership at the Sri Lanka Tourism Development Authority (SLTDA).

It has come to light that the decision to fully float the currency without any anchor on March 7 was unilateral as the collective decision by the Monetary Board was to devalue it only up to Rs.230 to a dollar.

An immediate flare up is seen in remittances after the rupee float appeared to have fizzled out, as the March remittance income had come just about half of what was witnessed in the same month last year.

Sri Lanka saw the establishment of a global campaign to hold political elites and their allies accountable with the launch of the Global Centre for the Monitoring and Prevention of Political and Economic Crimes in Sri Lanka.

Israeli film production house United Channel Movies (UCM) is currently in Sri Lanka to shoot its latest feature film ‘Arugam Bay’ in the eastern region of the island nation.

The tea exports for the month of March 2022 totalled 23.17 Mnkgs, showing a decrease of 2.64 Mnkgs when compared with the corresponding month of the previous year.

This week’s Colombo Tea Auction saw that the overall volumes were barely maintained around 5.0 MnKgs. However, there was excellent demand all-round with prices often strengthening substantially as the sale progressed.

The Committee on Public Accounts (COPA) has made recommendations to the Excise Department to expedite the preparation of the Computer Data Base System to streamline the process of calculating the excise revenue.

World stocks hit five-week lows, U.S. stock index futures indicated a lower Wall Street open and bond yields soared to multi-year highs yesterday as investors brace for rate hikes in the United States, Britain and the euro zone.

The plantation sector yesterday said its activities are coming to a standstill due to the government failing to take the necessary action to allow industry to function with minimal impacts amidst the ongoing turmoil.

Sri Lanka has further relaxed the entry requirements to the country by removing the need for on-arrival PCR tests for non-vaccinated and partially vaccinated travellers.

Sri Lanka is becoming a popular example in the South Asian region as to how an economy should ‘not’ be managed with poor decision making that supports political agendas instead of prioritising the wellbeing of the people.

Following MAS Holdings, Dialog Axiata PLC and John Keells Holdings yesterday joined the people’s call for systemic change and good governance.

Despite concerns on Sri Lanka’s worst-ever economic crisis spiraling into port operations, transshipment container volumes at the Port of Colombo recorded a modest 5.2 percent year-on-year (YoY) growth in March while import and export container vol

India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters this week, a step that could aid New Delhi’s goal of reducing China’s influence on the island nation, now grappling with a severe economic crisis.

The industrial production in February has endured the troubles in the macro-economy, which caused authorities to impose daily power cuts from around the mid part of the month, although the index reflects the brewing challenges underlying the sector.