Dialog Axiata PLC, Sri Lanka’s premier connectivity provider yesterday announced the commissioning of the Maldives-Sri Lanka Cable system (MSC), enabling the delivery of high-speed broadband services.

The All Share Price Index (ASPI), the primary index of the Colombo Stock Exchange (CSE) tracking the price movements of all shares listed on the exchange, has remained in the double-digit year-to-date (YTD) returns territory for 25 consecutive market

Sri Lankan shares ended lower yesterday, snapping three sessions of gains, as industrial and financial stocks declined.

Hatton National Bank PLC (HNB) gave more loans in the final three months of 2020 (4Q20) while improving its asset quality significantly by regularising a sizeable facility given to a state enterprise from the non-performing to performing category.

Sri Lanka’s inflation, measured through the National Consumer Price Index (NCPI), decelerated in January 2021, as both food and non-food prices eased but the month saw the prices of essential items such as rice, vegetables and coconuts increasing s

With a growing number of stakeholders and external parties, including the International Monetary Fund (IMF) and international credit rating agencies painting a gloomy picture on Sri Lanka’s debt sustainability, top private sector professional Chand

ICRA Lanka Limited yesterday expressed optimism over the potential of the country to return to a current account surplus in 2021, albeit the pandemic’s toll on exports and tourism flows could linger throughout the year.

As majority of public institutions continue to record losses and lean towards the Treasury for support, Money and Capital Market and State Enterprise Reforms State Minister Ajith Nivard Cabraal said the grim performances are not essentially due to th

Commercial Credit & Finance PLC plans to raise up to Rs.2 billion via listed debenture issue.

Extending its efforts to counter the impact of the COVID-19 pandemic on Sri Lanka’s apparel sector, the International Finance Corporation (IFC) of the World Bank Group has proposed US$ 50 million long-term financing facility to Brandix Lanka Limite

Prime Minister of Pakistan, Imran Khan is expected to participate in a joint ‘Trade and Investment Conference’ during his two day-visit to Sri Lanka, on the invitation of Sri Lankan Prime Minister Mahinda Rajapaksa.

Continuing the upward trend, worker remittance income marked a robust increase in the month of January, probably setting the tone for this year.

Rating agency ICRA Lanka Limited said the growth in the private sector credit could slowdown in January although Fitch Ratings and other economic analysts opine otherwise.

Global oil prices which surpassed US$ 60 a barrel in recent days could put a strain on the lofty expectations of the country’s external sector as projections are largely premised on lower crude oil prices.

In a string of measures aimed at strengthening the rupee against the US dollar, the Central Bank last week issued fresh instructions to exporters to receive total export proceeds within 180 days from the date of shipment and convert 25 percent of suc

Ceylinco Insurance PLC together with the Coconut Growers Association of Sri Lanka and Coconut Cultivation Board (CCB) has launched a novel insurance scheme to cover coconut plantations.

Accelerating post-COVID-19 economic recovery, Sarvodaya Development Finance (SDF) renewed its MoU with DIMO, covering a wide range of agriculture machinery products through its comprehensive leasing solutions, to support local farming communities.

Australian Prime Minister Scott Morrison vowed yesterday to press ahead with laws to force Facebook Inc. to pay news outlets for content, saying he had received support from world leaders after the social media giant blacked out all media.

Facebook Inc’s WhatsApp said on Thursday it will go ahead with its controversial privacy policy update but will allow users to read it at “their own pace” and will also display a banner providing additional information.

CNBC: JPMorgan says crude prices could see further upside ahead as oil continues to see strong gains so far this year.

Dipped Products PLC has seen higher sales for its rubber gloves, due to COVID-19-related healthcare requirements.

Growth at National Development Bank PLC (NDB) moderated during the quarter ended December 31, 2020 (4Q20) as new set of lockdowns from October decelerated the pace of loan growth, though the bank navigated the pandemic induced challenges successfully

LOLC Holdings PLC successfully raised Rs.10 billion via a listed debenture issue, of which the subscription list officially opened yesterday.

DFCC Bank PLC weathered the pandemic induced stresses successfully to emerge largely unscathed and reported higher earnings through prudent measures adopted to navigate the headwinds during the quarter ended December 31, 2020 (4Q20).

Despite higher sales, Nestlé Lanka PLC, the local unit of Swiss food giant, reported lower earnings for the December 2020 (4Q20) quarter, amid margin contraction and higher effective tax rate.

The local real estate sector is showing signs of recovery from the setback witnessed in 2020 due to the COVID-19 pandemic, with improved in​terest ​in residential properties observed among potential investors, revealed LankaPropertyWeb.

Meanwhile, the commercial capital Colombo has emerged as the most searched city for rent in 2020, indicating high interest among locals despite strict restrictions imposed due to the COVID-19 pandemic.

In a statement issued after meeting with President Gotabaya Rajapaksa, The Hotels’ Association of Sri Lanka (THASL) President Sanath Ukwatte thanked the government for taking all steps necessary to encourage foreign visitors to the country.

Fitch Ratings views most rated Sri Lankan corporates as less vulnerable than local financial institutions to the sovereign’s financial distress. “This is because most rated corporates have a combination of strong business profiles, low leverage,

Softlogic Holdings PLC’s top line reached near pre-pandemic levels in the three months ended on December 31, 2020 (3Q21), as the group successfully navigated the pandemic through strategies aimed at capitalising on the cash heavy local consumer, wh