The Moscow branch of a Chinese state bank has seen a surge in enquiries from Russian firms wanting to open new accounts, a person familiar with the matter said, as the country’s businesses struggle with international sanctions after its invasion of

China’s borders remain effectively sealed as the country continues to pursue a zero-tolerance approach to a virus that other parts of the world have accepted as endemic.

Grafeio One (Pvt) Ltd recently inked an investment agreement with Sri Lanka’s apex investment promotion agency, the Board of Investment (BOI), to set up an office complex in Colombo 03.

Uplifting Sri Lanka’s challenged fisheries sector needs renewed thinking and approaches to unleash its full potential and increase contribution to exports and GDP, the World Bank said this week.

As the economic andfinancial Advisor to the government, the Central Bank also presented an eight point policy package as follows to complement with its monetary policy actions.Most of the policies proposed are the reforms advocated by the IMF this we

Sri Lankan shares fell more than 2 percent yesterday, weighed down by losses in industrial and financial stocks, a day before the Central Bank’s rate decision. The CSE All-Share index ended down 2.14 percent at 11,162.66.

The Treasury bill yields across all maturities surged at record levels this week fuelling expectations for another rate hike today by the Central Bank as bondholders expect higher yields to beat soaring inflation.

Chamath Palihapitiya took advantage of his insider role as chairman of Virgin Galactic Holdings Inc. to sell 10 million shares of the struggling space travel company for US$ 315 million before he abruptly quit the board last month, a shareholder alle

A U.S. judge has ruled that venture investor Chamath Palihapitiya, Clover Health Investments Corp and its executives must face a lawsuit that claims they misled investors about the health insurance company when it went public via one of Palihapitiya

Lanka Industrial Estates Limited (LINDEL), a subsidiary of DFCC Bank Group is set to go public with an Initial Public Offering (IPO) on the Colombo Stock Exchange (CSE).

Sri Lankan exporters are currently in the process of reducing their exposure temporarily suspending exports to the Russian and Ukrainian markets, a leading export chamber in the country said.

Pest control company Exterminators Limited plans to open its Initial Public Offering (IPO) on the Empower Board of the Colombo Stock Exchange (CSE) on 14th of this month offering 20 percent stake or 10 million ordinary voting shares of the company in

Tourism sector earnings are already showing signs of contraction due to the implications stemming from the ongoing invasion of Ukraine by Russia.

Indian Oil Corp will supply gasoil, gasoline and jet fuel to Sri Lanka, the company told Reuters, as the island nation fights a crippling economic crisis that has caused an acute fuel shortage.

Poultry group Bairaha Farms yesterday announced its intentions to make investments in the country’s real estate and property sector using its surplus funds.

The Board of Investment (BOI) of Sri Lanka recently entered into an agreement with EY Global Delivery Services (EY GDS) to offer business and technology consulting and audit services anchored on advanced digital skills.

At the recently held eighth Annual General Meeting at Taj Samudra, T.S. Prakash was elected as the new President of the Indian CEO Forum-Sri Lanka (ICF).

A 20-member high-level business delegation from the Oman Chamber of Commerce and Industry (OCCI), headed by OCCI President Eng. Readh Bin Juma Al Saleh, will arrive in Sri Lanka on March 5, 2022, to explore trade and investment opportunities in Sri L

Hutch, Sri Lanka’s fastest-growing mobile broadband operator, accomplished yet another major milestone in its rapid transformation journey, successfully implementing the latest Oracle Fusion Cloud Enterprise Resource Planning (ERP) system in the mi

In commemoration of the World Hearing Day, the Ratmalana Audiology Centre (RAC), a collaboration between Dialog Axiata PLC and the Ceylon School for the Deaf and Blind Ratmalana, will be conducting free hearing tests for the public from March 3 to 16

Samsung, Sri Lanka’s No.1 smartphone brand, unveiled its most premium flagships - Galaxy S22 5G series for pre-orders recently with amazing bundle offers ranging from free Galaxy Buds to free data.

Sri Lanka is aligning with innovation and accelerating into a new, digital-centric space, with the government working to create an inviting regulatory environment for blockchain use-cases to flourish, offering the country fresh and entirely new econo

‘We Think Digital’ is Meta’s global digital literacy programme that aims to develop digital skills to create a positive and safe culture online.

The economic analysts at First Capital Research (FCR) are betting on a back-to-back policy interest rate hike by the Central Bank when they meet today for the second time of the year to determine if the current monetary policy is adequate to blunt th

Standard Chartered Global Research in an economic alert yesterday said the Central Bank is likely to maintain the status quo at its March 4 monetary policy meeting amid inflationary pressures.

The Central Bank of Sri Lanka (CBSL) is expected to raise rates for the second time this year on Friday, as a sharp surge in domestic inflation and a continuing foreign exchange crisis threaten to further derail the domestic economy.

President Gotabaya Rajapaksa has assured the Public Utilities Commission of Sri Lanka (PUCSL) that all necessary action will be taken immediately to avert the electricity crisis prevailing in the country.

The Public Utilities Commission of Sri Lanka (PUCSL) this week blamed the misguided financial management of the Central Bank (CB) for the current power crisis, as it explores legal actions to secure US $ 150 million required to import fuel to power t

Sri Lanka’s apparel exports in January 2022 achieved the highest level for that month in the last five years. This performance demonstrates the industry’s underlying strength, as it bounced back from the sustained shocks from the impact of the pa

The Ceylon Chamber of Commerce (CCC) yesterday expressed serious concern about the adverse effects brought on its members and all sectors of the economy in general as a result of the ongoing interruptions to the supply of electricity coupled with the