As 2021 hits its halfway mark, the Hambantota International Port (HIP) has recorded an overall growth in their volumes and diversification of services.

A friendly meeting between the High Commissioner of Bangladesh to Sri Lanka Tareq Md Ariful Islam and the Chairman of the Sri Lanka Ports Authority (SLPA) Capt. Nihal Keppetipola was held recently.

Maga Engineering has been awarded the contract for the design and construction of new Railway Operation Headquarters (OHQ) and Train Control Centre (TCC) in Maradana.

Emerald Sri Lanka Fund, a pioneering private equity fund that supports small and mid-sized businesses in Sri Lanka, has announced its divestment in Panasian Power PLC (PAP), one of Sri Lanka’s leading renewable energy solution providers and supplie

R I L Property PLC yesterday acquired 62 percent of renewable energy player Panasian Power PLC, for Rs.1.65 billion.

The United States is contributing to Sri Lanka’s economic resilience through the provision of a financial facility of US $ 150 million.

Additional interest up to 2 percent per annum will be extended for two years for Special Deposit Accounts (SDAs), the Central Bank said yesterday.

The Central Bank this week said local companies, barring companies engaged in the finance business, are permitted to purchase the International Sovereign Bonds (ISBs) issued by the Sri Lankan government in the secondary market.

Canada-based Ceylon Graphite Corp., which is involved in the exploration and production of graphite in historic resource jurisdictions in Sri Lanka, this week announced the execution of a memorandum of understanding (MoU) dated June 30, 2021, with tw

The Asian Development Bank (ADB) and Government of Sri Lanka yesterday signed loan agreements for US $ 150 million under the Asia Pacific Vaccine Access Facility (APVAX) for the procurement of vaccines and other related consumables.

Sri Lanka’s foreign exchange reserves were maintained at US$ 4.0 billion by June-end, virtually unchanged from a month ago, but the buffer could dip if the full line up of inflows does not materialise to make up for the billion-dollar outflow sched

JAT Holdings hosted an informative virtual investor forum yesterday for their upcoming Initial Public Offering, following the official launch event held on the same day.

Alliance Finance Co PLC (AFC) has renewed its partnership with FMO, the Dutch Entrepreneurial Development Bank, by receiving a fresh funding line of US$ 10 million in June 2021 to financially empower and facilitate the development of the micro, small

Following the appointment of Bail Rajapaksa as a national list MP, he assumed duties of Minister of Finance yesterday morning, taking over key responsibilities related to macro-economic policies, annual budget, fiscal management, local and foreign sa

The government’s decision to relax rules for incoming passengers from non-travel restricted countries was well received by the tourism sector, which remains optimistic of further easing of regulations in the coming months once 60 percent of the pop

Despite the government’s assurance that the country is in possession of sufficient fertilizer stocks for tea plantations for the remainder of the year, the tea industry forecasts 10-15 percent hit on tea output in the fourth quarter of this year if

While maintaining its concerns over Sri Lanka’s medium-term debt sustainability, London-based Barclays Bank recommended investors to purchase the country’s short-dated International Sovereign Bonds (ISB), as the immediate risk of a debt-adjustmen

The Cabinet of Ministers this week approved a proposal to allow entrepreneurs and investors to disclose and invest their undisclosed incomes and assets a.k.a. black money, subject to only one percent tax on voluntary disclosure.

SriLankan Airlines will resume weekly flights to the Russian capital Moscow, from July 30.

Sri Lanka attracted a total of 1,614 tourists in June, bringing the total number of arrivals for the first half to 16,908.

Amid concerns that the Central Bank would be forced to put breaks on its current stimulus drive anytime soon to arrest the rising prices, Standard Chartered Bank (StanChart) expects the current dovish stance would remain through the end of 2021.

Pleas for relief packages from the government to stay afloat continues with the latest call being made by the Sri Lanka Retailers’ Association (SLRA), for support to brave through the ongoing crisis.

The Monetary Board is likely to maintain the current low interest rates at its upcoming Monetary Policy meeting to provide further support to the economy, which was knocked off course by the third wave of the pandemic, although any moves beyond that

The government’s efforts in speeding up the vaccination drive across the country was well received by the local business community as it is the only viable path to facilitate the reopening of the country, Sri Lanka’s largest oldest business chamb

The Colombo Stock Exchange (CSE) has taken the initiative to introduce a new Over the Counter (OTC) platform to carry out REPO transactions on debt securities.

Dialog Axiata PLC could invest half a billion rupees annually in its finance company subsidiary to stay above the minimum regulatory capital needs, although that will not pressure the leverage or the rating of the parent company due to its higher deb

Sri Lanka’s banks would do well in 2021 despite the temporary setback in the second quarter due to virus related-restrictions as demand for private sector credit picks up on the expectation of possible recovery in economic activities during the rem

Banking veteran Nilantha De Silva, who is already on the board of Hatton National Bank PLC (HNB), has been appointed as the new Chairman of Sri Lanka’s second largest private bank, with effect from July 5, 2021.

Sri Lanka’s largest tourism trading association yesterday warned the government that the continuation of maintaining tight regulations is detrimental to the hard-hit industry and said that the limited easing makes little to no sense.