The Central Bank has granted access to licensed commercial banks (LCBs) and the National Savings Bank (NSB) to purchase Sri Lanka issued international sovereign bonds (SLISBs) after six months since they were barred from doing so, but under certain

The General Administration of Customs of China (GACC) has changed the health certificate for importing fish to the country with effect from next month, Sri Lanka’s embassy in Beijing said.

Renewing the calls to reopen the country, the State Minister of Finance Ajith Nivard Cabraal said that livelihoods matter as much as lives as one cannot do without the other as a strangled economy is unable to either support virus response or those w

Access Engineering PLC, the Balance of Plant (BOP) subcontractor of the Mannar Wind Power Plant, is nearing the completion of the scope of work assigned for this ambitious project which is a flag bearer to drive Sri Lanka to a future of clean renewab

People’s Leasing & Finance PLC is gearing to raise up to Rs.8 billion via a listed debt issue.

Sri Lanka’s trade deficit widened in April for the second consecutive month amid rising global oil prices and slowing down of exports.

Sri Lankan shares closed higher for a third straight session yesterday, fuelled by gains in financial and industrial stocks.

ICRA Lanka Limited yesterday raised serious concerns about a looming crisis at the country’s external sector, amid continuous rise in the global oil prices, base metal prices and falling tea prices, a scenario which gets further exacerbated by the

The cinema industry, impacted by the pandemic-induced restrictions, says the recovery would be a long drawn out affair, even after the returning of normalcy, as it now contends with a fresh challenge from online platforms, as stay-at-home patrons te

Sri Lanka inked a loan agreement amounting to US $ 100 million with India yesterday, to increase the proportion of renewable energy source to the national grid.

Malaysian telecoms firm Axiata Group Bhd and Norway’s Telenor will seal a deal to merge their Malaysian mobile operations within days, Axiata’s CEO said on Tuesday.

Sri Lanka’s producers are facing prices as high as 10 percent, similar to the end consumers who are now forced to foot the bill of the endless lockdowns, which has crippled supply chains and dampened business and personal incomes.

Sri Lanka’s struggling tourism sector is gearing up to tread on the sustainability and eco-friendly path to generate traffic, an effort taken up by the authorities to reposition the island nation as the pandemic eases.

Global crude oil prices are further advancing in the hope of robust global recovery while the refined petroleum products are closing in on US$ 80 a barrel in the global futures exchanges, reaching multi year highs.

PetroChina International has won another long-term petroleum import contract to supply diesel to State-owned Ceylon Petroleum Cooperation (CPC) after securing the Cabinet nod this week.

Emirates said Dubai’s government would continue to support the airline through the coronavirus pandemic after posting an annual loss of US$ 5.5 billion, its first in more than three decades.

The Central Bank struggled to purchase dollars from the domestic foreign exchange market in May amid falling export earnings and other inflows largely due to disruptions to economic activities from ongoing virus related restrictions.

The Ceylon Petroleum Corporation (CPC) signed a Memorandum of Understanding with the Hambantota International Port Group (HIPG) last week to develop Hambantota Port as a strategic energy centre in Sri Lanka.

Manufacturing activities contracted during May due to adverse impacts of the third wave of COVID-19 pandemic and related restrictions imposed to contain the virus spread.

The Cabinet of Ministers has granted approval to award the contract to build 10MW and 5MW wind power plants in Mannar to WindForce Ltd on build-own-operate (BOO) basis at an estimated investment of Rs.3.1 billion.

The board of directors of Nations Trust Bank PLC (NTB) has decided to raise up to Rs.44 billion via an unlisted, rated unsecured, senior, redeemable debenture issue.

Sri Lanka’s hard-hit apparel sector yesterday expressed serious concerns in the manner in which its buyer communities are treating the industry and stated it is saddening to note the “lack of partnership” shown by them during the ongoing challe

Vidullanka PLC, a pioneer in renewable energy development, successfully completed raising additional capital of Rs.253 million to fuel its expansion drive in the solar power sphere.

Shares of India’s Adani group companies trimmed losses yesterday after they said reports the National Securities Depository Ltd (NSDL) had frozen the accounts of three foreign funds that are among the top stakeholders in the firms were erroneous.

Bahrain has stopped issuing new work permits to citizens of Sri Lanka along with India, Pakistan, Bangladesh and Nepal, which have been placed on the ‘red list’ amid domestic lockdown as part of anti-coronavirus measures, a media report said.

The consumer prices are surging at exponential levels, as lockdown-styled restrictions on wide swathes of economic activities have crippled supply chains in almost every sector, leaving the hapless consumers to contend with sky-high prices for even t

The non-life insurers, which saw their profits improving in 2020, due to record low claims among other favourable performance matrices, are poised for a decline in profits from the rising claims from both motor and medical sectors, while the weakenin

The much hyped Fuel Price Stabilisation Fund (FPSF) set up to do exactly what its title suggests, that is to stabilise fuel prices at the pump against the volatile global oil prices and to safeguard the consumer,

The Central Bank last week indicated its intention to re-enter into a swap line for US$ 400 million to shore up country’s foreign reserves, which are increasingly running thin amid the impending crisis brewing in the country.

Prices of all confectionary items and products will increase by about 8 to 10 percent starting this week, Mirror Business learns, as the cost of production has expanded by many folds.