The Central Bank is upbeat on the possibility of Sri Lanka achieving an economic growth of 5 percent in 2021.

While the reset in the monetary and fiscal policies and, structural reforms such as import substitution and export promotion would provide a medium to long-term fix to the current external sector woes confronting the Sri Lankan economy, a quick fix c

Sri Lanka Tourism is gearing to unveil the second edition of ‘Couch Safari’ by live-streaming the Wilpattu National Park to the global audience.

SLTMobitel has teamed up with DP Education to launch ‘Videsa DP Education’, a dedicated educational channel on CH.215 of SLTMobitel–PEOTV, ensuring school children from Grade Five to Advanced Level have access to a high-quality learning experie

The Purchasing Managers’ Index (PMI) for both manufacturing and services activities shrank in August as the virus began spreading again with brutal force, forcing the government to re-impose lockdowns which dealt a blow on wider economic activities

Local banks have raised concerns on the usage of debit and credit cards for foreign currency transactions due to the current volatility in the market, and have started taking on their own a set of measures to minimise the hit on the sector.

Thornton Engineering, the Nextventures-owned civil engineering company, has announced the acquisition of a 100 percent stake in Dane Engineering (Pvt.) Ltd for Rs.350 million, creating a construction business with a combined portfolio of Rs.5.9 billi

The Motor Vehicle Industry Report, prepared by the Economic Intelligence Unit of the Ceylon Chamber of Commerce (CCC), provides a detailed analysis and overview of Sri Lanka’s motor vehicle industry, covering both 2019 and 2020.

The Planters’ Association of Ceylon (PA) and Plantation Human Development Trust (PHDT) announced major progress in their collective efforts to safeguard all residents of Sri Lanka’s estate community, with over 85 percent of the community across s

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has organised a webinar, which aims to provide a forum to discuss best practices and challenges in relation to dissemination of financial and non-financial information, which public l

While he knows that the governorship of the Central Bank at this juncture is a crown of thorns, he is ready to wear it with much happiness as challenges excite him, according to Ajith Nivard Cabraal, who assumed duties as the Central Bank’s 16th Go

Sri Lanka’s poor performance across multiple areas in the economy is linked to the economic governance of the country weakening over the years, despite an ever expanding public sector, according to some leading economists and practitioners of law i

The government has decided to appoint an expert committee to undertake a detailed study on the country’s unutilised mineral deposits, in order to come up with a programme to utilise such minerals formally for economic purposes.

Swiss-based IPEK S A Switzerland has expressed interest to infuse Rs.84 million into Tess Agro PLC via a private placement, subscribing to 168 million new voting shares of the company and consequently becoming the largest shareholder of the firm, sub

The Colombo Stock Exchange (CSE) yesterday announced the introduction of a new Over the Counter (OTC) platform to facilitate the repurchase (REPO) transactions on corporate debt securities, with effect from today.

As Sri Lanka is only two months away from its 2022 budget, the government is facing the tough choice between raising the taxes to bridge an expanding budget hole caused by the pandemic-induced disruptions and maintaining a stable tax policy, which th

Amid strong speculations of a possible income tax hike as State coffers have run dry, the government yesterday denied moves to increase income taxes including a five percent tax on anyone receiving a monthly allowance above Rs.100,000 proposed by Tra

The Cabinet nod was given this week to obtain consultancy services for the construction, maintenance and supervisiion of the elevated highway to Kelaniya New Bridge (NKB) via Rajagiriya connecting Outer Circular Highway at Athurugiriya, which is to b

The Central Bank, which continued to accumulate foreign exchange from the domestic forex market, became a net seller in August, making an about turn from a six-month long streak as the crunch in foreign exchange liquidity turned sour.

Adding to the woes facing the country’s external sector liquidity caused by the pandemic-induced economic challenges, Sri Lanka’s migrant workers appear to be taking a ‘wait-and-see’ approach’ before sending their moneys back into their hom

Sri Lankan shares gained nearly 2 percent yesterday, bouncing back from a near three-week low hit in the previous session, helped by gains in industrial and financial stocks and as the government appointed a new Central Bank Governor.

Indicating a possible shift in market dynamics, investors are becoming a key driver in Sri Lanka’s condominium real estate market with increased participation supporting the market to retain the momentum as they line up to take advantage of the pre

The Ministry of Power is expected to issue general policy guidelines to the Ceylon Electricity Board (CEB) shortly to prepare the ‘Minimum-Cost Long-Term Generation Plan’ in accordance with the recent government policy decision of meeting 70 perc

The 20th SLIM Brand Excellence Awards press conference was held online this year on September 8, 2021.

Ride-hailing company PickMe recently partnered with LankaQR (LQR) to facilitate direct payments.

The Quest, one of Sri Lanka’s leading experiential travel companies, launches an ambitious campaign, where fully vaccinated people are eligible to participate in a competition that will see one of them winning a fully-paid, exclusive weekend vacati

Costa Rican economist Rebeca Grynspan took up her new role as Secretary General of UNCTAD on September 13, for a four-year term.

HNB Finance PLC (HNBF) recently announced the appointment of Lalith Withana to the company’s board of directors as a non-independent, non-executive director, effective from September 10, 2021.

First Capital Holdings PLC, a Janashakthi Group company with over 35 years of industry knowledge, recently concluded its Annual General Meeting presenting the annual report 2020-21, on the theme of ‘Performance First’ to its shareholders.

Standard Chartered affirmed its position as one of the largest trade finance counter parties of the Asian Development Bank (ADB), winning the Most Responsive Bank Against COVID-19 Award, at Trade and Supply Chain Finance Programme Awards 2021.