As cyber threats have continued to mount during the pandemic due to alternative work arrangements, cybersecurity should be made a topic of the boardroom and given extra attention, the Central Bank of Sri Lanka (CBSL) said.

The Cabinet of Ministers cleared the path to table the Central Bank Annual Report 2020 in Parliament as per the provisions of the Monetary Act.

Ministry of Health (MoH) has issued revised ‘Operational guidelines on the preparedness and response for COVID- 19 outbreak for banks and Non-Bank Financial Institutions’ (NBFI), considering the sector’s high vulnerability for the transmission

The Cabinet of Ministers has decided to award Rs.541.80 million contract to Colombo-based Slim Pharmaceuticals (Pvt) Ltd. to procure 840,000 prefilled Enoxaparin Sodium vaccines (4000 IU, 0.4mm) which are used treat harmful blood clots in heart patie

The government has decided to award US$ 13.1 million contract to India’s Mukesh Ambani-controlled Reliance Life Science (Pvt.) Ltd to supply 112,500 vials of human immunoglobin (BP 5 — 6 grams) based on recommendation of the Cabinet-appointed Sta

Pan Asia Banking Corporation PLC delivered its best quarterly performance in the three months ended in March 2021 (1Q21), as the bank opened its lending spigots giving more loans in a resurgent economy characterised by strong consumer spending.

Hela Clothing, an ethical and sustainable apparel manufacturer with factories across Kenya, Ethiopia and Sri Lanka, has been recognised as a leading example of resilience and ingenuity during the pandemic by President Uhuru Kenyatta of Kenya.

Prime Lands Residencies Limited, the condominium property arm of Prime Group, recently debuted its initial public offering (IPO) proposition.

Sri Lankan shares ended marginally higher yesterday, driven by gains in financial and consumer staples’ stocks.

The Central Bank has stressed that it is imperative to explore new markets for Sri Lankan migrant workers since the importance of remittance inflows as a non-debt creating source of foreign exchange has increased in the face of the pandemic.

The growing restrictions imposed on the daily lives of people, claiming to contain the virus spread, are making more damage than the virus itself, rendering large swaths of people out of their livelihoods, who mostly earn a living out of their daily

Sri Lanka Institute of Nanotechnology (SLINTEC), the country’s top nano and advanced technology and research institute is seeking emergency regulatory approval for its low-cost COVID-19 test kit based on RT-LAMP technology, which has the ability to

Expolanka Holdings PLC produced its best ever financial performance in the three months ended March 31,

Inflation measured by the Colombo Consumer Price Index (CCPI) for all categories of goods and services rose by 3.9 percent during the twelve months to April 2021, but the prices of food staples rose by 9.0 percent, continuing their growth to near dou

The private sector credit, a key gauge of economic dynamism in the country picked up pace during March, marking the third month in raw such credit grew, in a sign of reactivating ‘animal spirits’ in the economy ahead of the New Year.

Sri Lanka being import dependent on several major food commodities in the food balance sheet requires the facilitation of regional and cross-country food trading to ensure food security.

Weighing in on the tourism trade which has been struggling to recover since the re-opening of borders, the Central Bank last week said that it is crucial to employ innovative strategies to keep the industry going under the new normal designed by the

Work-from-home (WFH) arrangement implemented in the public sector during the pandemic was not fully successful, the Central Bank (CBSL) said, due to issues related to ICT infrastructure and literacy.

In what appears to be a structural change in the Sri Lankan economy, people have taken more into agriculture from industry and services with the latter having seen the biggest exodus after the virus-related restrictions hampered the sector.

World stocks held near a record high and the euro was on course for its best month in nine as strong U.S. data and corporate earnings plus the Federal Reserve’s commitment to support the economy fuelled investors’ appetite for risk.

Huawei announced its business results for the first quarter of 2021 recently, which were in line with the forecast.

Sri Lanka’s frothy housing market gained steam after the Central Bank cut interest rates to record lows and set a ceiling rate since December last year, sending the appetite and prices of housing soaring.

Chevron Corp’s (CVX.N) first-quarter profit fell 29 percent compared with the same period a year ago as gains from oil and gas prices were undercut by weaker refining margins, production losses and the impact of an asset sale that benefited results

In a move to shift towards a more sustainable economic growth path, President Gotabaya Rajapaksa announced this week his goal to make Sri Lanka the first country in the world to do away with chemical fertilisers.

A highly-acclaimed leader and a veteran in the financial services industry, Jayantha S. B. Rangamuwa, has been elevated to the post of Chairman of Pan Asia Bank with effect from 02 May 2021.

The Sri Lanka Standards Institution (SLSI) yesterday called on cement suppliers to stop the importation of Pakistan made ‘Lucky’ cement brand with immediate effect since testing on samples drawn recently showed the product does not conform with t

Union Bank of Colombo PLC set off to a robust start in 2021 financial year recording a notable growth in loans, which translated into higher earnings and asset quality in the three months to March 2021 (1Q21).

Overseas Realty (Ceylon) PLC reported strong top line performance for the three months to March this year amid strong sales of apartments in the final two phases of the Havelock City project.

Seylan Bank PLC reported strong financial performance for the three months ended in March 2021 (1Q21) as the company treaded cautiously expanding its loan book while keeping a closer tab on the asset quality, which improved during the period.

The government has repeatedly shown that it had lost control over the prices of most of the food staples in the country as prices of many rice varieties have risen between 15 percent to 30 percent during the year through April 2021, except in a few c