Ajith Nivard Cabraal, who resigned from Parliament yesterday as a National List MP, is expected to assume duties as Governor of the Central Bank, on Thursday (16th).

The Central Bank has given instructions to licensed finance and leasing companies to extend the relief afforded to their pandemic-affected borrowers through the end of September, as the most recent round of relief expired on August 31, 2021.

Salt Collective (Pvt.) Ltd, a French hospitality development venture, will invest almost US $ 4 million to set up a 16-room boutique hotel in Ahungalla, in the southern coast of Sri Lanka.

Driven by long-term prospects and discounted prices, the Esufally family yesterday strengthened its controlling stake in Hemas Holding PLC by a further 1.68 percent, as a foreign shareholder divested its entire stake.

With 180 MW solar and wind power projects awaiting the approval of the government for over 10 months, two key players in the renewable energy sector expressed concerns on possible moves to undermine the competitive bidding methodology adopted to deve

Sri Lankan shares hit a near three-week low yesterday, ending down about 4 percent, as industrial stocks dropped. The CSE All-Share index was down 3.70 percent at 8,536.88 points at the closing bell, logging its worst day since February.

Sri Lanka’s foreign currency reserve assets recouped in August after sinking to post-war low in July as the country took receipts of new foreign inflows to prop up its reserves which came under severe pressure from foreign debt repayments and highe

One of Southeast Asia’s largest brush manufacturers and Sri Lanka’s pioneer in recycled plastic products, BPPL Holdings PLC, has become the only Sri Lankan company to enter Forbes 2021 ‘Asia’s 200 Best Under a Billion’ list.

Developing an effective and realistic master plan to conserve Sri Lanka’s forest ecosystem is critical for the development of the island nation, the World Bank (WB) stressed recently, since preserving the forest sector is essential for the economy,

WindForce PLC, the pioneers of renewable energy in Sri Lanka, is set to acquire Sky Solar (Pvt) Ltd owned by Sunshine Energy (Pvt) Ltd for a total consideration of Rs.265 million.

While claiming the upcoming appointment of the current State Minister Ajith Nivard Cabraal as the Central Bank (CB) Governor as “totally unacceptable,” former State Minister of Finance and Opposition MP Eran Wickramaratne voiced grave concerns on

Sri Lanka’s top consultancy service provider, EML Consultants Limited is set to become the second listed entity on the Empower Board of the Colombo Stock Exchange (CSE), as it gears to list 90.9 million voting shares of the company by way of an Int

Ambeon Holdings PLC remains acquisitive after the sale of its subsidiary, South Asia Textiles Limited to Hayleys Fabric PLC in April this year in a deal valued at little under Rs.4 billion as the diversified group is looking at consolidating its key

Work on the Galle Face Green Development Project is continuing despite the quarantine curfew currently in force, as the officers of the Navy were seen busy at work at this oceanfront in Colombo.

Malaysia’s Top Glove Corp said yesterday it has been allowed to resume sales to the United States, after customs authorities lifted a year-long ban imposed for alleged forced labour found at the world’s largest medical glove maker.

Ford Motor is ending vehicle production in India, shutting down its two large plants there and terminating thousands of employees, as CEO Jim Farley restructures the automaker’s operations as part of a turnaround plan.

The Joint Apparel Association Forum (JAAF) yesterday said, as at September 9, over 90 percent of the workers at the factories have been vaccinated with one dose, with over 70 percent of the workforce receiving both doses.

The Executive Programme, launched by the Colombo Stock Exchange (CSE) and University Canada West (UCW), is set to commence on September 27, 2021.

Sri Lanka’s renewable energy sector is likely to see US $ 200 million worth of foreign inflows to the sector, through the banking sector over the next six to eight-month horizon, as the government moves to commit for 70 percent power generation thr

Financial sector regulator, the Central Bank of Sri Lanka (CBSL), announced recently that it had recognised domestic credit rating entity, Lanka Rating Agency Ltd (LRA) as an acceptable external credit assessment institution.

The European Union (EU) envoy in Colombo recently fired a warning urging Sri Lanka to respect World Trade Organization (WTO) rules as import restrictions currently in place are hurting trade with partner countries.

Dialog Axiata PLC has signed a Memorandum of Understanding (MoU) with the Ministry of Education to deploy 10 education channels, which are provided absolutely free over Dialog Television and in ViU App.

Sri Lanka Economic Association (SLEA) is organising a webinar on ‘Road to Sri Lanka’s Economic Recovery, 2021-2026,’which will be held on September 16th, from 5.00 p.m. to 7.00 p.m. online via Zoom.

On’ally Holdings PLC has announced plans to propose a rectification plan to remedy the non-compliance to Colombo Stock Exchange’s (CSE) Listing Rules with regard to the minimum public holding requirement once the Court case filed by its second la

Sri Lanka’s banking sector Return on Equity (ROE) hit the highest levels in more than three years supported by the robust earnings during the first half of this year, as banks rode on the heightened demand for loans, made possible by the lowest eve

Sri Lanka’s transitioning to the next level in improving human capital outcomes require focused attention on addressing issues on child stunting and shortfalls in learning, the World Bank (WB) said.

Sri Lanka’s number one corrugated carton manufacturer Ex-Pack in a statement issued to media yesterday officially announced its impending initial public offering (IPO) and listing on the Colombo Stock Exchange.

Coca-Cola’s journey in Sri Lanka began 60 years ago on April 1961, when consumers tasted their first ice-cold sip of Coca-Cola from a 300-millilitre glass bottle.

SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, continuing to reaffirm the universal appeal of its marketing communication content, won a Gold award for its campaign ‘#SriLankanPromises’ in the categor

Facebook has partnered with the Computer Society of Sri Lanka (CSSL) to launch a training programme for the Teacher Education Administrative Branch of Sri Lanka’s Education Ministry.