India will provide an additional US$ 500 million in financial assistance to Sri Lanka for it to buy fuel, Sri Lanka’s Foreign Minister told reporters on Wednesday, adding Bangladesh was also willing to postpone a US$ 450 million in swap repayments.

The Delegation of the European Union in Sri Lanka (EU) and Sri Lanka Tourism Development Authority (SLTDA) awarded the first three grants worth of Rs.1 million rupees each to small tourism enterprises to help them accelerate their post-COVID recovery

Watawala Dairy Limited Chief Executive Officer Binesh Pananwala was unanimously elected as the new President of the All-Island Dairy Association (AIDA) at the private sector body’s third Annual General Meeting, which was held virtually.

The World Bank (WB) expressed its deep concerns on the ongoing economic crisis in Sri Lanka, especially its impact on the livelihoods of the people.

Former Central Bank Governor Ajith Nivard Cabraal in a statement yesterday said the decision to float the rupee taken by the Monetary Board chaired by him is being continued by the current Central Bank governor and Treasury secretary.

As the prevailing foreign exchange crisis in Sri Lanka has severely impacted the country’s dairy industry, the All Island Dairy Association (AIDA) yesterday called for immediate action to prioritize the importation of raw materials to help sustain

The Treasury bill yields continued their upward trajectory across the tenures, albeit at a much more modest level than the last two weeks, with the one-year bill yield surpassing 24 percent.

Sri Lanka could begin tapering off its nearly Rs.2.0 trillion balance sheet after the rates were hiked and start ending injecting new liquidity through Treasury bills and bonds, as the government is reforming its own finances with a substantial cut i

As the March quarter earnings season began yesterday, with Asia Asset Finance PLC becoming the first corporate to release the interim financial accounts, stock market analysts say this could be the final quarter that the listed entities could see a d

Apparel manufacturing giant MAS Holdings yesterday called on the nation’s leaders to heed the voice of the people and act on it, while respecting legal and constitutional due process.

The prolonged closure of the Colombo Stock Exchange (CSE) is not a step in the direction in establishing an orderly and fair capital market, investment professionals have expressed in a recent survey.

Ceylon Tobacco Company PLC (CTC) announced the appointment of senior member of the Legal profession Kushan D’ Alwis, President’s Counsel, as an Independent Non-Executive Director to its Board with effect from 20th April 2022.

The General Manager and the Director of ISIN Lanka (Pvt) Ltd, Jatinder Biala retained his position as Chairman of the Free Trade Zone Manufacturers Association (FTZMA) as members voted in favour of extending the term of the current office for another

Joining the other two global rating agencies, Moody’s Investors Service on Monday cut Sri Lanka’s sovereign rating to Ca, one notch above the lowest in their rating scale from Caa2, after the country announced that it would suspend payments of mo

Sri Lanka’s tourist arrival rate has started to witness a dip in the month of April due to the ongoing economic crisis.

The Purchasing Managers’ Indices (PMI) for both manufacturing and services continued to expand during March, but the sub-indices reflected the brewing macro-economic challenges,

State-owned People’s Bank yesterday acquired Arjun Aloysius-owned W. M. Mendis & Company’s distillery located in Kaluwamodara, Aluthgama, after the company defaulted on its debt repayments, according to industry sources.

Sri Lanka’s request for a Rapid Financing Instrument (RFI) from the International Monetary Fund (IMF) has received a positive response form the multilateral agency, a Finance Ministry communiqué said.

Prices of confectionery items in the market will witness an increase in the coming days with manufacturers unable to absorb the shocks stemming from the economic crisis any longer.

Coca-Cola once again underscored its position as Sri Lanka’s No.1 beverage by bagging two awards – ‘Youth Beverage Brand of the Year’ and ‘Beverage Brand of the Year’ – at the SLIM Kantar People’s Awards 2022 held recently.

Dmaxx Dinara Clothing (Pvt) Ltd., won the Gold Award in the large-scale textiles and associated products category at the Industrial Excellence Awards 2022 organised by the Industrial Development Board (IDB).

Multichemi International Ltd under the brand name ‘dash’ recently launched their ‘dash 3 in 1 Super Detergent Powder’.

Exterminators, Sri Lanka’s premier pest management and environmental enhancement technology brand was a winner at SLIM Brand Excellence 2021 under the SME category.

Atlas, Sri Lanka’s leading stationery brandproved its continued popularity amongst people, with consumers voting them in as the ‘School Supply Brand of the Year 2022’ for the third consecutive year at the SLIM-Kantar People’s Awards 2022.

Alpha Apparels was named ‘winner’ for ‘Manufacturing- Apparel Textile and Leather Products Sector’ at the recent National Business Excellence Awards 2021, organized by the National Chamber of Commerce of Sri Lanka (NCCSL).

‘Clogard Chooty’, a leading kid’s oral care brand, won the Silver award for the ‘Best New Entrant Brand of the Year’ at the SLIM Brand Excellence Awards 2021 recently.

As Sri Lanka entered into a technical default of its foreign currency borrowings last week, the Central Bank made clear that the Sri Lanka Development Bonds (SLDBs) and other foreign currency debt held by the domestic investors would not be subjected

Fitch Ratings slashed Sri Lanka’s economic growth in 2022 to mere one percent amid the expected deceleration in demand, due to tightening monetary policy and the ongoing foreign exchange troubles, which have caused massive shortages of key commodit

Sri Lanka’s President Gotabaya Rajapaksa announced 17 new ministerial appointments yesterday - but notably left out some members of his own family in the wake of protests over the government’s handling of a devastating economic crisis.

The Colombo Chief Magistrate’s court yesterday further extended its order preventing ex-Central Bank Governor Ajith Nivard Cabraal from leaving the country until May 2.