Sri Lanka’s producer prices, a measure of inflation before it hit the end consumer, continued to climb in December, predominantly pushed up by the soaring agriculture producer prices but the monthly index changes pointed to some signs of easing in

In response to the forecasts made by certain factions over the value of the rupee in the near future, indicating a steeper loss in value in relation to the United States dollar, the Central Bank believes that the rupee will hold steady.

Sri Lankan shares ended marginally higher yesterday, extending gains to a third straight session, supported by financial and communication services stocks.

Industrial production in Sri Lanka added more heft in December, in a sign of rebound in manufacturing activities, which were repeatedly disrupted by the lockdowns and other mobility restrictions imposed intermittently in response to the virus resurge

The government has neither banned nor imposed controls on imports except for vehicles and gold, as some have commented at various occasions and thus anybody can import anything without an issue, according to the Central Bank.

Property Development PLC (PDL), the owner of Bank of Ceylon Tower and a subsidiary of Bank of Ceylon (BOC), announced plans to delist its shares on the Colombo Stock Exchange (CSE), with an attractive exit offer.

Aitken Spence PLC reported its best ever 3Q performance with a profit before tax (PBT) of Rs.3 billion in 3Q22, with the group’s businesses, including the tourism sector, showing positive momentum.

Boeing, the world’s largest manufacturer of airplanes and aerospace equipment, has been instrumental in improving the quality of Sri Lanka’s aviation industry.

Hambantota International Port (HIP) had a robust start to the New Year, with 6 supply cargo ships at the port in January 2022, discharging raw materials for the cement industry.

The National Chamber of Exporters of Sri Lanka (NCE) recently concluded its Annual Export Awards for 29th consecutive year, celebrating the best performance of Sri Lankan exporters. The ceremony was held on 21st January at Hotel Shangri-La, Colombo,

Dipped Product PLC saw its revenues languishing and profits diving amid rising costs in the three month ended December 31, 2021 (3Q22),

Sri Lanka’s foreign exchange reserves are plummeting, essential imports are stalling and Opposition leaders and some experts warn that time is running out to avoid a sovereign default that would further upend the economy.

Bogala Graphite Lanka PLC has appointed Non-Executive, Independent Director Coralie Pietersz as the Chairperson of its board with effect from February 10, 2022.

The head of the World Health Organization has said the acute phase of the pandemic could end this year, if about 70 percent of the world gets vaccinated.

Access Engineering PLC recorded a strong December quarter (3Q22) as the post pandemic boom in construction and real estate activities propelled the group’s fiscal performance.

With the sudden policy shift to organic farming, which resulted in reduced harvest for Maha Season, Sri Lanka’s rice imports are set to hit a five-year-high this year, according to a latest report published by the United States Department of Agricu

While denying any significant shortages of imported essential commodities in the country, the government blamed the errant traders for increasing the prices of these commodities arbitrarily and hiding behind the prevailing foreign exchange crisis. Th

For digital currencies to have wider acceptance, the International Monetary Fund (IMF) said the policymakers must deal with many open questions, technical obstacles and policy trade-offs.

Sri Lanka’s tourist arrivals crossed the 30,000 mark in the first 10 days of February. The provisional data from the Sri Lanka Tourism Development Authority (SLTDA) released yesterday showed that the island nation welcomed a total of 31,343 tourist

Samsung, the South Korean multinational electronics corporation, has stepped up its efforts in the sustainability front by innovating a new material that gives ocean-bound plastics new life.

The local social media influencers have been called on by the Sri Lanka Tourism Development Authority (SLTDA) to come on board to create fresh digital content and promote the island nation to target markets.

WindForce PLC, the largest renewable energy developer in Sri Lanka, reinforced its commitment for greener energy choices by unveiling plans for commissioning two solar power plants by end-2022.

Banking studies in the country should take into consideration the prospects that would emerge in the next ten years, at least, so that the local banking sector remains on par with global standards, the Central Bank said.

The lockdowns and the subsequent restrictions on economic activities had an enormous impact on the employed population in all sectors with at least 7 percent of the paid workers having either lost or quit their employment during the first cycle of lo

Six South Asian nations, including Sri Lanka, are set to benefit from a new US$ 21.5 million (EUR 18 million) funding from the European Union (EU), which will help to accelerate climate-smart, inclusive infrastructure investments in their regions.

The Colombo Stock Exchange (CSE) is in the process of admitting new Trading Members under revised criteria to carry out Repurchase (REPO) transactions on debt securities on its Over The Counter (OTC) platform.

Tokyo Cement Company (Lanka) PLC reported higher top and bottom line performance for the three months ended December 31, 2021 on higher retail price, but cement volume declined due to the wet weather that prevailed for two months inhibiting construct

Independent research firm First Capital Research (FCR) is of the view that equities have significant upside in the near term due to the strong earnings spell and the continued negative yields, but cautioned investors to brace for a possible shock in

The Cabinet this week cleared the path for Sri Lanka to secure a grant from India to procure a personal identity verification device based on biometric data and a digital identification tool to implement the Unitary Digital Identity framework project