Sri Lanka’s preferential trade access to the European Union, which is the biggest market for its US$ 5 billion apparel industry, is in doubt with an investigation into the island country’s human rights and governance concerns set to start on Mond

Sri Lanka will return to its previous system of carrying out the on-arrival PCR test at level –1 hotels, as the attempt to test tourists for COVID-19 at the airport premises itself failed to bring out the expected outcome.

The Cabinet nod has been granted to add twenty new occupations including domestic services and jobs related to beauty culture to the list of hazardous jobs for minors (16-18 years) and to present the draft regulations to Parliament.

As the country targets to reduce road accidents by 50 percent in five years under a new action plan, the government plans to complete the establishment of a National Road Safety Commission (NRSC) as the lead road safety authority within this year in

Prime Minister Mahinda Rajapaksa has advised the Finance Ministry to provide US$ 50 million immediately to shippers to get over 800 containers stuck in the Colombo Port released.

The government this week decided to remove maximum retail prices (MRPs) imposed on rice with immediate effect and to import 100,000 metric tonnes of rice to address rice shortages in the market indicating a failure in price control measures.

‘Catering to the Post-Pandemic Consumer’, the first session at the upcoming Sri Lanka Retailers Forum 2021 will focus on customer value as online / digital platforms become a core part of the business while exploring the role played by digital sh

While congratulating the government on the recent opening of the PCR testing facility at the Bandaranaike International Airport (BIA), private hospitals made an appeal to the government to consider local partners for initiatives such as this, taking

CFA Society Sri Lanka will host the local leg of the CFA Institute Global Research Challenge scheduled to kick off on October 14th.

Sri Lanka’s pioneering startup acceleration programme Venture Engine has launched its 2021 edition, with applications now open until midnight on October 22nd.

Access Engineering PLC (AEL) has joined hands with the University of Moratuwa, supported by the Cambridge Centre for Smart Infrastructure and Construction (CSIC) of the University of Cambridge, and the University of Oxford to collaborate in the resea

Although a debt restructuring effort seems vital for Sri Lanka, as repeatedly called upon by some economic experts in the recent past, the government last week ruled out the need for such an endeavour, as it remains confident of honouring all its deb

A leading asset manager in the country yesterday urged the authorities to avoid a debt restricting exercise, which is being advocated by several economists as the only solution to the country’s debt problem exacerbated by a foreign exchange crisis.

E M L Consultants Limited commenced trading on the Empower Board of the Colombo Stock Exchange (CSE) yesterday.

Sri Lankan shares closed over 3 percent higher yesterday, notching their biggest intraday gain since March, boosted by financial and industrial stocks.

Oil prices rose for a fifth straight day yesterday with Brent at its highest since October 2018 and heading for US $ 80 amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions.

The yield curve, which plots the yields for government securities (G-Secs) at their each maturity, moved upwards last week, specially at the shorter end of the curve, after the Central Bank removed a price ceiling in place for months on treasury bill

As a rare positive outcome of the ongoing pandemic, nearly the entire population of Sri Lanka has now been connected to internet within a very short span of time, which otherwise would have taken years, as people sought online connectivity when their

The Industrial Association of Sri Lanka (IASL) held its 30th Annual General Meeting recently on a virtual platform.

In commemoration of the National Pharmacist Day observed on September 24th 2021, SLT-Mobitel and eChannelling together with the Ministry of Health and Society of Government Pharmacists (SGP), launched the nation’s first National Pharmacy Helpline,

The 42nd National Conference of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the 20th Conference of the Confederation of Asian and Pacific Accountants (CAPA) will raise the curtains on October 06th to unveil one of the bigge

In a letter addressed to commercial bank chiefs, the Central Bank last week requested banks to refrain from facilitating foreign exchange requirements of importers outside the official banking channels to maintain the US dollar/rupee exchange rate be

Cargills Bank Limited continued to cut its losses as the bank maintained its growth in new loans during the period ended in June 2021 (2Q21) defying the virus related economic malaise.

The Palm Oil Industry Association of Sri Lanka (POIASL) is hoping that the authorities would revisit the current ban on oil palm cultivation keeping in mind the benefits it will have on the country’s foreign exchange situation.

Restrictions imposed on economic activities, primarily the once which require close proximity to people in the services industry, have sparked a wave of voluntary resignations and retirements as prolonged closures of the businesses cut into employee

The Colombo Stock Exchange (CSE) has given its approval in principle for a proposed Rs.1 billion debenture listing by the fully owned subsidiary of LOLC Group,

Although the weaker sovereign credit profile has presented challenges in securing foreign liquidity for Sri Lankan banks, foreign banks and funding lines have broadly defied the sovereign risks to provide them the liquidity support, an assessment by

Australian property management company, :Different, with offices in Colombo, Sydney and Melbourne has recently raised US$ 25 million in a Series B round to expand its presence nationally, build its diverse team of property managers, and scale-up its

The Institute of Certified Management Accountants of Sri Lanka holds its 18th annual event the CMA National Management Accounting Conference 2021 on the theme ‘Reviving Sri Lanka Economy – COVID 19 and Beyond’ on September 27th , 28th and 29th