The Central Bank yesterday announced a number of measures encouraging the country’s private sector to borrow from offshore sources, as the debt-ridden island nation remains hungry for dollars.

The government plans to commence co-production of China’s Sinovac vaccine in the country from next month, expecting 13 million jabs to be ready by September.

Vehicle registration in the month of April declined to 2,418 units, from 3,556 units in March, largely due to many holidays and semi-lockdown in place towards the end of the month.

The government yesterday hinted that the currently imposed import restrictions would be eased when the country’s merchandise exports reach the level of US $ 20 billion.

The government is gearing to list several state-owned leisure properties through the special purpose vehicle (SPV) Selendiva Leisure on the Colombo Stock Exchange (CSE) by end of this month.

Cargills (Ceylon) PLC says the company will focus more on the convenience store-style outlets going forward and spend more money in expanding its store footprint in that format, which the management thinks would provide more convenience to its custom

The Central Bank will soon cut Sri Lanka’s growth projection for 2021, as expansive restrictions on businesses, livelihoods and many facets of daily lives with no end in sight are having a heavier toll on the economy, resulting in irreversible dama

Sri Lanka’s unit trust industry, which began to attract funds in large numbers with the fall in market interest rates, continued to add assets during April, which helped the industry to surpass Rs.200 billion in assets under management (AUM).

A working committee was established on Saturday (5 June) to advice the Ministry of Tourism and Civil Aviation on the countries that should be placed on the red list, so that Sri Lanka has minimal imported COVID-19 cases.

The total outstanding credit card balance increased for the fifth consecutive month in April reflecting the continued momentum in consumer spending through the first three weeks of the month before virus related restrictions returned and kept many pe

Ceylon Motor Traders Association (CMTA) yesterday expressed concerns over a Cabinet proposal to allow assembly of vehicles with used parts.

Demand for life insurance could slow down as constraints on consumer spending and travel restrictions could blunt new business generation capacity for insurers, although their digital platforms could mitigate the impact to a certain degree, said Fitc

Sri Lanka Tourism yesterday stressed there is no need for the general public to panic with regard to the arrival of a French Navy fleet in Colombo as the crew will be travelling to selected sites under the bio security bubble.

Abans PLC recorded a remarkable profit before income tax of Rs.2.5 billion in the completed financial year 2020/2021, which was a 189 percent growth over last year.

Despite the economic adversity and a challenging environment, Sri Lanka’s national LPG provider Litro Gas ended 2020 with exceptional financial results that affirmed its position as the industry leader and a formidable entity in the Sri Lankan corp

Sri Lanka Tourism recently announced its plans to develop a ‘city tourism’ strategy to position Colombo as a tourism hub in South Asia.

A parking space has reportedly sold for a record-breaking US $ 1.3 million (HK$ 10.2 million; £930,000) in Hong Kong.

Following the success of the first batch of technical series 2019-2020, the Global Reporting Initiative (GRI) in collaboration with the Colombo Stock Exchange (CSE) is organising the second batch of the technical series titled ‘Preparing a Sustaina

‘Making of the Iconic Ahasa One Sky Bridge’, a TV documentary film that takes the audience on a behind-the-scenes journey of Colombo’s newest landmark, is set to be aired on Sunday, June 6, at 8:30 pm, on HiTV.

Global food prices have jumped at their fastest monthly rate in over a decade, according to the United Nations.

The Board of International Finance Corporation (IFC) has approved the proposed US$ 50 million financing facility for Sri Lanka’s MAS Holdings, to sustain its operations while preserving its workforce in the country.

Sunshine Holdings PLC yesterday said the International Finance Corporation (IFC) of the World Bank and its fully owned subsidiary, Sunshine Consumer Lanka Limited, have entered into a long-term loan facility of US$ 5 million subject to conditions.

National Development Bank PLC will be the first company in Sri Lanka to commence the development of a Video Know-your-customer (vKYC) as a part of the significant strides the bank has made in Sri Lanka’s fast evolving digital landscape.

Tourist arrivals to Maldives contracted in the month of May when compared with April, as it attracted a total of 64, 613 travellers.

The government will infuse as much as US$ 500 million to SriLankan Airlines during the next five years adding the much required capital to the national carrier, which is undergoing restructuring since last year, while retaining control under the Stat

As the disconnect between policymakers and the general public is only growing wider, World Bank (WB) Ex-Chief Economist (Acting) Dr. Shanta Devarajan stressed the need for Sri Lanka to bridge this gap so that it has a set of effective policies rolled

Sri Lanka’s struggling tourism sector could receive another major hit with the ongoing X-Press Pearl debacle not only leaving severe implications on marine biodiversity and ecosystem of the island nation, but also on the tourism sector, an industry

The capital market regulator, the Securities and Exchange Commission (SEC), has granted a one-month extension to listed companies to release financial statements, as requested by the Colombo Stock Exchange (CSE).

Cargills Bank Limited narrowed losses during the three months ended March 2021 (1Q21), as loans grew amid low interest rates and widespread optimism on future economic prospects, although the euphoria faded due to the resurgence of virus-related rest

The Cabinet of Ministers granted approval for state-owned SriLankan Airlines to move ahead with awarding ground handling service agents’ contracts at Bangkok International Airport and London Heathrow International Airport for a three-year period.