Sri Lanka’s vehicle registrations were observed to be keeping up with the recovery witnessed in February this year, although March figures show a marginal month-on-month (MoM) dip of just two units.

The Central Bank’s net purchases of foreign currency from the domestic foreign exchange market reached the highest since August 2020 as the monetary authority continued to accumulate foreign exchange despite the recent volatility seen in the rupee

Earnings from merchandise exports flirted to near pre-pandemic levels in a sign of gradual recovery of international trade with the normalising of economic activities in Sri Lanka’s key export markets.

While expressing full confidence on the government’s willingness and ability to honouring future debt obligations, a leading asset manager wants the Central Bank (CB) to consider offering higher interest rates for future US$-denominated Sri Lanka D

Oil rose above US $ 67 a barrel yesterday, gaining for a fifth session, as a stronger demand outlook and signs of economic recovery in China and the United States offset rising COVID-19 infections in some other major economies

Asian markets rose yesterday as record Chinese economic growth reaffirmed the country’s strong recovery, while traders tracked a Wall Street surge fuelled by blockbuster reports on US consumer spending and jobless claims.

China’s economy expanded at a record pace in the first quarter as the country continued its rapid recovery from last year’s pandemic-fuelled slump, official data showed yesterday.

The Maldives will soon offer visitors vaccinations on arrival as part of its three-pronged initiative aimed at reviving the country’s hard-hit travel sector, according to its tourism minister.

Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East. The US banking group will instead run these operations from four hubs in Singapore, Hong Kong, the United Arab Emirates and London.

From May 1, 2021, Singapore Airlines will increase its flight frequency to Sri Lanka from three times to five times weekly, operating the Airbus 350-900MH aircraft.

The secondary market yields of the Sri Lanka issued International Sovereign Bonds (SLISBs) fell soon after the country secured the second tranche of the China Development Bank loan for budget support, propping up its reserves.

Sri Lanka’s manufacturing activities recorded a nine-month high in March while the services sector maintained its growth momentum for the fourth consecutive month, the Purchase Managers’ Index (PMI) released by the Central Bank showed yesterday.

A fresh set of criteria was issued by the Monetary Board in respect of future borrowings made by the licensed finance company sector in foreign currency in order to minimise unwarranted volatilities in the sector and also to provide a risk management

The container throughput at Port of Colombo recorded a slowdown in the first two months of the year driven by declines in domestic and transshipment volumes due to global developments and sluggish trade.

Economist Deshal de Mel has been appointed as an Independent Non-Executive Director of Janashakthi Insurance PLC with effect from April 15, 2021.

The local confectionery industry will come under stress in the coming weeks as a shortage of palm oil, due to the overnight ban imposed by the government, will negatively impact the sector’s output and lead to a possible price increase for consumer

Industrial production, which primarily measures the manufacturing heft of local factories, slipped in February from the levels seen in January, but apparel and textiles manufacturing made stronger gains continuing the momentum set forth this year.

While Sri Lanka frequently engages with the International Monetary Fund (IMF) for technical assistance, and the two parties are also planning for the upcoming Article IV consultations towards the end of this year, the Central Bank reiterated that no

Once seemingly untouchable, Alibaba founder Jack Ma has endured a tumultuous run that saw his Chinese e-commerce giant hit with a record 18 billion yuan (US$ 2.75 billion) antitrust fine on Saturday, resolving one key uncertainty even as others persi

While a large segment of the borrowers who were under the extended moratoria have seen their cash flows being restored to a larger extent, banks sense another 10 to 20 percent of customers might still find it challenging to restart repaying their loa

Central Bank has extended the relief measures afforded to licensed finance companies on mandatory liquidity standards by a further 3 months through June 30, 2021 to ride the pandemic-induced business challenges, after the earlier extension lapsed on

Despite the heavy toll of the COVID-19 pandemic on Sri Lanka’s economy and the lives of its people, the economy will recover in 2021, though challenges remain, said the latest World Bank Sri Lanka Development Update: Economic and Poverty Impact of

In a fresh gazette last Friday (9th), the Central Bank (CB) relaxed the earlier rule of requiring exporters to convert 25 percent of repatriated proceeds down to 10 percent, while also doubling the period given to exporters and banks to meet the dire

Aitken Spence PLC recently acquired Waltrim Energy Limited, a subsidiary of Sunshine Holdings PLC, for Rs. 900 million.

Completing Rs.175 billion worth tea sold during 50 weekly sales, CICRA Solutions (Pvt.) Ltd’s award-winning Colombo Tea e-Auction platform is celebrating its first year of operations.

HSBC and the Asian Development Bank (ADB) this week announced a US $ 300 million financing programme to help the region’s supply chains scale-up to deliver life-saving vaccines at both volume and pace.

SriLankan Catering yesterday announced the appointment of Mangala Wijesekera as Chief Executive Officer of SriLankan Catering, a subsidiary of SriLankan Airlines.

The Public Utilities Commission of Sri Lanka (PUCSL) has announced that interest will be paid to electricity consumers on their deposits made when applying for connections.

The Central Bank of Sri Lanka (CBSL) yesterday issued a fresh warning to those interested in investing in virtual currencies (VCs), stressing that currently there are no regulatory safeguards relating to the usage, investment or dealing in VCs in Sri