The electricity sector regulator, the Public Utilities Commission of Sri Lanka (PUCSL), yesterday said a proposal put forward by the Ceylon Electricity Board (CEB) to interrupt power would not be allowed until February 4, 2022.

The PUCSL will hold another round of talks with private and public sector parties that have the estimated capacity of generating up to 300MW via the generators in their possession.

The Central Bank yesterday said the country’s non-bank financial institutions (NBFI) sector has seen “significant improvement” in terms of regulatory capital requirements, as a result of its Masterplan for Consolidation of Non-Bank Financial In

Sri Lanka’s consumer durables industry is expected to face fresh headwinds from weaker consumer sentiments, lower disposable incomes amid acceleration in inflation and the potential for further tightening of import controls amid the foreign currenc

The balance of payment (BOP) deficit continued to widen from its previous high, as the 11-month deficit in 2021 reached a record US $ 3,674 million, reflecting the continuous bleeding of foreign exchange in the country’s dealings with the rest of t

The government is targeting US$ 15 billion from merchandise exports for this year as such earnings in 2021 reached an all-time high crossing the US$12 billion mark for the first time in a challenging year.

Expolanka Holdings PLC continued to push its limits as the logistics giant delivered another record high top and bottom line performance for the quarter ended December 31, 2021 (3Q22), on its core business which had been growing at a blistering pace

Trade Minister Bandula Gunawardane is seeking the President’s intervention to secure the cess revenue from international trade to fund export development programmes, which are critical to meet the country’s export targets.

The Ambassador of the EU Delegation in Sri Lanka, Denis Chaibi together with Chairperson of Sri Lanka Tourism, Kimarli Fernando, launched the initial stage of the island’s first ever long distance walking trail, with the unveiling of the signage at

The container throughput at the Port of Colombo hit an all-time high of 7.25 million TEUs recording growth of 5.84 percent in 2021 over the previous year, Sri Lanka Port Authority (SLPA) data showed.

JAT Holdings PLC delivered sturdy sales and profits for the three months ended December 31, 2021 (3Q22), as the company capitalised on the construction sector rebound and the soaring commodities prices, which enabled it to adjust prices.

Despite the prevalent elevated consumer prices, the Central Bank said it would maintain its mid-term inflation band between 4 to 6 percent levels, as officials expressed optimism that prices would decelerate as demand cools down and supply chain tro

Aitken Spence PLC, the diversified blue-chip organisation recently partnered with the Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka).

EFL Global Freeport (Pvt.) Ltd, a wholly-owned subsidiary of Expolanka Holdings PLC, has signed up with Sino Lanka Power Gen for the installation of solar PV at its facility located at the Katunayake BOI zone.

According to the preliminary annual financial statements, the company generated sales of EUR 17.1 billion (2020: EUR 14.4 billion) corresponding to an increase of 18.5 percent or 19.0 percent adjusted for currency effects.

Tokyo Cement Group announces the appointment of Sade Greenwood as the group’s Social and Sustainability Ambassador.

A consortium of investors put together and managed by private equity firm Tempest PE Partners (a joint venture between Capital Alliance and Insite Holdings) and led by Associated Electricals Corporation Limited has partnered a management buyout of SL

The 11th edition of Top 50 Professional and Career Women Awards saw HNB Chair Aruni Goonetilleke being conferred the pinnacle award of Trailblazer of the Year.

The Board of Investment (BOI) enterprises raised serious concerns yesterday on the proposed two-hour power outage, a step, if implemented, would deliver a massive hit to the industries, as they look to recover from the impacts from the COVID-19 pande

Persistently high inflation will haunt the world economy this year, according to a Reuters poll of economists who trimmed their global growth outlook on worries of slowing demand and the risk interest rates would rise faster than assumed so far.

The electronic and electrical sector has recorded a 30 percent increase in its export earnings, compared to US $ 328 million recorded last year, despite the COVID pandemic challenges.

Weddemulla Tea Factory situated in Ramboda of Agalawatte Plantations PLC and owned by Damro Group achieved an all-time record price at the weekly tea auction held on January 25 and 26, 2022, by securing an attractive price of Rs.1,080 per kg for FBOP

Sri Lanka Humanity Movement, an effort dedicated to resolving the prevailing forex crisis and other issues, which have led to an economic turmoil in Sri Lanka, will kick off the Sri Lankan Humanity Forum today.

In a bid to save US $ 15 million in forex outflows, the Cabinet nod has been granted for State Pharmaceutical Corporation (SPC) to enter into a purchase agreement with Cologne Life Sciences (Pvt.) Ltd to procure domestically manufactured Sterile Liqu

The tourism officials called on all citizens to portray and communicate a positive image of the island nation, so that the international travellers become more confident in visiting Sri Lanka.

A joint United Nations (UN) report published this week asserted the need for G20 leading industrialised nations to embrace their role as influential leaders against climate change, by aligning development and economic recovery with international natu

Sri Lanka is negotiating with bondholders and is contemplating a programme with the International Monetary Fund (IMF), Finance Minister Basil Rajapaksa had told Financial Times based in London (FT.com).

The newly appointed members of the Board of Investment (BOI) director board met with Aviation and Export Zones Development State Minister D. V. Chanaka and BOI Chairman Eng. Raja A. Edirisuriya, recently.

Standard Chartered Sri Lanka has arranged a Senior Secured Syndicated Term Loan Facility amounting to US$ 225 million to Waterfront Properties (Private) Limited, acting as the sole mandated lead arranger and bookrunner.

Turkey is set to explore new avenues with Sri Lanka to increase the bilateral trade volumes to US$ 500 million, from the current US$ 175 million, under the Turkey-Sri Lanka Joint Economic Commission.