Sri Lanka is likely to see the national roll-out of the digital identity next year, providing every citizen with a unique identification (UID), potentially ending the endless time waste and hassles the citizenry and businesses undergo in their everyd

The rising funding costs and long shadow casted over the economy, due to the pandemic, may slow the pace of bank credit to the private sector and could upend the balance sheets of banks, according to ICRA Lanka Limited.

Sri Lanka’s tea industry will soon have access to chemical fertilisers, with the government having decided last week to allow the stakeholders to import the necessary boosters and stimulants under a licensing system,

Banks kept their lending taps wide open during August, making the most amount of credit to the private sector in a single month in years in a possible sign that businesses and people raced to borrow to lock in low cost funds when the rates were still

Credit card spend by Sri Lankans bucked the two-month long contraction, swinging to a sharp increase in July, days after the country removed month long restrictions in June in what appeared to be a reflection of some semblance of economic normalcy wh

The payment relief afforded to borrowers of finance and leasing companies affected by pandemic-induced economic hardships were granted with a further six month extension through March 2022, with the options for facility restructuring for longer perio

The Bandaranaike International Airport, Katunayake (BIA) has implemented a comprehensive digitalizing project to facilitate a smooth flow of passengers so that travellers are able to obtain airport services without hassle.

The apron area development project at the BIA, which will increase the aircraft parking facility, is slated to reach completion by November 2021.

David Pieris Holdings and Avonet Technologies announced the launch of a new joint venture that will power Affiniti FinTech Solutions and accelerate its global expansion.

Sri Lanka’s tourism landscape will receive the much needed international spotlight next year with the world’s biggest female adventure challenge, ‘Raid Amazones’ held in the island nation.

Sri Lanka’s foreign exchange reserves, which recouped part of the lost assets during August through inflows from the International Monetary Fund (IMF) and the currency swap with Bangladesh Bank, lost about a billion dollars in September as the gove

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct another knowledge sharing Continuing Professional Development virtual webinar on ‘New Securities and Exchange Commission of Sri Lanka Act no 19 of 2021’ tomorrow fr

Celebrating the success of its inaugural virtual AGM that took place on September 24th, Sri Lanka Gem and Jewellery Association (SLGJA) announced the election and appointment of their new Chairman Ajward Deen.

The Central Bank yesterday said following the recommendations of a Working Committee appointed to study and suggest new remittance channels to Sri Lanka, it has decided to implement the ‘SL-Remit’ mobile application to attract more remittances to

The Government Information Department yesterday announced the public and private sector experts, who have been appointed to the committee to formulate Sri Lanka’s national policy on digital banking, blockchain and crytocurrency mining.

Habitat for Humanity Sri Lanka, an international non-profit organisation dedicated towards providing every family in Sri Lanka with a safe and stable place to call home, appointed Lakshan Madurasinghe as its Goodwill Ambassador.

Sri Lanka’s leading e-commerce platform Kapruka.com (Private) Limited announced plans to commence accepting payments via cryptocurrencies within the next couple of weeks.

The Institute of Policy Studies of Sri Lanka (IPS) will host a public webinar series in conjunction with the release of the IPS’ annual flagship report ‘Sri Lanka: State of the Economy 2021’, on October 11, 13 and 14, from 3:00 p.m. to 4:00 p.m

As nations across the globe are gearing up to welcome tourists, the Maldives has been successful in attracting over 100,000 travellers for the fourth month this year since it opened its borders.

The Asian Development Bank (ADB) and the Government of Sri Lanka yesterday signed a loan agreement for US$ 110 million in additional financing to support the ongoing Health Sector Enhancement Project, which is aimed at improving the primary healthcar

Pandemic related economic stress could continue to drive down beer sales through March 2022 before staging a growth with the gradual restoration of economic normalcy, lifting of movement restrictions and the recovery of tourism trade, all of which co

The current milk powder shortage in the market will bode well on the domestic dairy producers such as Lanka Milk Foods PLC (LMF) as others have suspended imports due to the increase in controlled price by the government, according to Nation Lanka Equ

Oil prices fell sharply yesterday, extending losses from the previous session, as the United States said it was considering selling oil from its strategic reserves and as Russia said it was ready to stabilise the natural gas market. Brent crude price

Relief afforded to pandemic affected borrowers in the passenger transport sector affiliated to tourism in particular and others in general have been granted with an extension in line with the extensions granted separately for each sector effective fr

Tourist arrivals to Sri Lanka more than doubled in September from August, with over 13,000 travellers entering the country in September making it the first time since the Covid-19 outbreak for the country to welcome over 10,000 visitors in a month.

The medium term outlook for Sri Lanka is “clouded” by pre-existing macroeconomic weaknesses and scarring left by the Covid-19 pandemic, the World Bank (WB) said, although the economy is expected to expand by 3.3 percent in 2021.

Top Sri Lankan conglomerate E.B. Creasy & Co. PLC has declared a whopping 60 percent dividend payout, from the distributable profits of the company for FY2020/21.

Aitken Spence PLC was ranked amongst the top 15 in the Most Respected of the nation’s most admired corporations for 2021.

DIMO, a leading diversified conglomerate in Sri Lanka, further extends its commitment to the COVID-19 economic recovery of the nation by facilitating free technical inspections to the industrialists through DIMO TECH, the group’s general engineerin