President Gotabaya Rajapaksa has instructed the relevant officials to take steps to provide organic fertilizer required for the ‘Maha’ season to farmers without any shortage, a statement from the President’s Media Division (PMD) said.

Sales soared at Tokyo Cement Company (Lanka) PLC as the cement maker benefitted from a stronger rebound in housing and construction activities in the first quarter of 2021 which made the company to add more heft to its production.

The ban imposed on non-essential imports is likely to remain longer than it was initially anticipated as the country battles a slowing economy, with mounting job losses, loss in livelihoods and personal incomes amid spike in COVID-19 cases and result

The government has issued passes to all factories functioning in the BOI Export Processing Zones and outside to facilitate the transport of employees between the places of residence and the workplace.

Sri Lanka’s agriculture sector is slated to receive fresh impetus with the Ministry of Finance and the World Bank (WB) having signed a new grant from the European Union (EU).

The Central Bank appears to be settling for a lower private sector credit growth for the year than it earlier anticipated was possible, as the economy and its actors are beginning to feel the crunch from the ongoing extended restrictions on the econo

UK tourism is set for a slow recovery from the pandemic, with spending by holidaymakers this year expected to be just half the level of 2019.

Hambantota International Port (HIP) will partner Intertek Lanka (Pvt.) Ltd to establish a state-of-the-art petroleum-testing laboratory, which will be unique to Sri Lanka.

Neighbouring India is in the midst of conceptualising stimulus packages for the worst-hit segments of the economy, a move that would assist sectors that are heavily impacted by the pandemic to move towards a revival path.

Despite the pandemic woes, China Merchants Port (CMPort) Holdings Company Limited-managed Colombo International Container Terminal (CICT) of the Colombo Port and multi-purpose Hambantota Port continued to remain in the growth path last year.

Hemas Holdings PLC reported robust revenues and profits for the three months to March 2021 (4Q21), as the company’s performance mirrored a fast rebounding economy aided by a surging consumer spending spell.

John Keells Holdings PLC reported robust revenues and profits for the three months ended March 31, 2021 (4Q21) barring the leisure sector on a resurgent economy, as its multiple business segments reached pre-pandemic levels, while its frozen confecti

JAT Holdings, Sri Lanka’s market leader in the wood coatings sphere is gearing to raise up to Rs.2.2 billion offering 16.24 percent stake in the company through an initial public offering (IPO) on the Colombo Stock Exchange (CSE).

During a turbulent financial year that was affected by the unprecedented COVID-19 pandemic, Aitken Spence Group’s non-tourism sectors delivered the highest ever profit before tax (PBT) of Rs. 5.01 billion for the twelve months ending 31stMarch 2021

Sri Lanka’s largest private lender by assets, Commercial Bank of (Ceylon) PLC, is gearing to raise up to Rs.10 billion via a Basel III compliant listed debenture issue.

The Bangladesh Bank (BB) board this week approved in principle a draft US$200 million currency swap deal with Sri Lanka, which is struggling to maintain a moderate foreign exchange reserve.

Sri Lanka’s pandemic-hit hospitality sector is on the verge of collapse with revenue flows drying up due to the absence of tourists, The Hotels Association of Sri Lanka (THSASL) said yesterday while renewing its call for further government assistan

CIC Holdings PLC delivered strong financial performance for the three months to March 2021 (4Q21) as its multiple interests in agriculture and dairy, livestock feed, industrial, pharmaceutical, and seeds & fertilizer were best served by the condition

Prices of samba rice have risen by over 40 percent and price of coconut oil have risen by a little under 50 percent in the twelve months to May 2021 despite record paddy harvest for two years in a row, while the government banned import of palm oil.

People’s Bank filed action against ‘People’s Capital Investments & Credit (Pvt) Ltd’ at the Commercial High Courts Colombo and obtained an enjoining order on 21.05.2021 restraining the latter from using the trade name “People’s” in thei

The Ceylon Electricity Board (CEB) cut losses during the three months ended in March 2021 as the State-run utility generated higher revenues from sale of electricity, while generation costs slipped.

Share broking revenue accounted for the most of the profits generated by John Keells PLC, the commodities and stock broking arm of John Keells group, as the company rode on the domestic investor-fuelled run on stocks during the quarter ended March 31

Sri Lanka’s national prices rose in April as prices of food items from rice to coconut oil to chicken to fish rose faster than the prices of non-food items, the Department of Census and Statistics said.

Central Bank will ease the regulatory environment for corporate sector to raise foreign funds, as the monetary authority is exploring options to woo foreign exchange as the country enters into a stretched period of troubles in its external front due

The sole local representative for AstraZeneca and Pfizer in Sri Lanka, Hemas Pharmaceutical (Pvt.) Ltd said it welcomes the request by the Ministry of Health (MoH) to the private sector to assist and facilitate vaccine purchase from any source.

The Central Bank yesterday said arrangements have been made to provide the services of the Employees’ Provident Fund Departments remotely, due to the travel restrictions in the country.

The Colombo Stock Exchange (CSE) yesterday said trading would function as per regular trading hours, despite the mobility restrictions coming into place from tonight.

Sri Lanka Investment Forum (SLIF) 2021, the first and largest virtual investor forum in the region, is set to draw participation from portfolio and direct investors from across the globe.

WindForce Limited, Sri Lanka’s largest private sector renewable energy producer, yesterday announced the acquisition of a 92.5 percent stake of Fairway Waste Management (Pvt.) Ltd.

Considering the current pandemic situation in the country, Board of Investment (BOI) Chairman Sanjaya Mohottala is requesting all factory administrations to ensure maximum safety of their staff, in compliance with the health guidelines, during factor