The Central Bank remains hopeful of the prospects of PayPal Holdings Inc., the US-based international payment gateway company, to open access to Sri Lanka to facilitate Internet-based payments.

The Cabinet of Ministers this week approved a proposal to enter into a new framework agreement with the government of South Korea, to obtain concessional loans up to US $ 500 million for the implementation of infrastructure projects recognised within

In a deviation from the practice of issuing dollar denominated Sri Lanka Development Bonds (SLDBs) only at floating rates linked to London interbank offered rate (Libor), the Central Bank this week announced that it would henceforth start issuing fix

Ambeon Holdings PLC Group Managing Director/CEO has resigned with effect from January 31, 2021.

The unemployment rate in Sri Lanka touched a high of 5.8 percent in the third quarter ended in September even though the economy showed a quick rebound with 1.5 percent growth in the same quarter.

The Central Bank yesterday extended the current exchange controls by another six months from January 2, 2021.These restrictions were first imposed in April 2020 and gazetted in June.

The Monetary Board of Sri Lanka yesterday extended the suspension of primary dealer Perpetual Treasuries Limited’s business by another six months.

The Cabinet of Ministers this week approved a proposal to instruct the Legal Draftsman to draft the Colombo Ports Commission Bill to enable Colombo Port City to become a competitive investment hub in the region.

State borrowings from the banking system fell substantially in November from October highs while the net credit to public sector enterprises also recorded a decline.

Sri Lanka Ceramics and Glass Council (SLCGC) yesterday sought government intervention to update Sri Lanka Customs’ (SLC) ‘Test book’ value of key ceramic products imported into the country in the absence of a proper mechanism to implement the A

The Central Bank yesterday announced the plans to publish a comprehensive monetary policy report (MPR) under the Forecasting and Policy Analysis System (FPAS), commencing in the second half of this year.

The Central Bank wants the banking sector credit to the private sector to grow by a robust 14 percent this year, reinforcing its lending bias to power the economy, while hinting that the Monetary Board is likely to remain dovish throughout the year.

Labour Minister Nimal Siripala de Silva is expected to present four drafted amendments to Parliament today (5th), to amend the existing laws and regulations in order to increase the minimum age of employment from 14 to 16 years of age.

Sri Lanka’s tourism industry yesterday stressed the need to welcome international travellers without further delay to uplift the economy and service providers, who have firsthand witnessed the harsh reality of the pandemic, while strictly adhering

The Sri Lanka Tourism Development Authority (SLTDA), the government body tasked with overseeing the development of the country’s tourism industry, is observed to be taking the backseat in the recent efforts of opening Sri Lanka for international tr

Browns Investment PLC and Expolanka Holdings PLC emerged as two of the most improved listed corporates on the Colombo Stock Exchange (CSE), in terms of market capitalisation, at end-2020.

The listed entries on the Colombo Stock Exchange (CSE) are projected to record double-digit growth in earnings in 2021, supported predominantly by a pickup in consumer demand driven by lower interest rates, which could remain through the first half o

The market turnover for the day topped Rs.4.9 billion. According to NDB Securities, the ASPI was pushed upwards by price gains in counters such as Ceylon Tobacco Company PLC, Browns Investments PLC and Expolanka Holdings PLC.

Credit card spend continued to slide for the fourth consecutive month in November as the virus scare continued to haunt people’s lives from going about their normal consumption patterns from shopping trips to dining outs to holidaying.

Sri Lanka is contemplating to open its airports for both local and foreign travellers from end of January after a 10-month long closure, the Ministry of Aviation and Investment Zone Development announced yesterday.

Prices of turmeric are expected to come down from their current astronomical levels by at least mid-February as local growers are expected to release their first batch of harvest into the market, which could meet at least 75 percent of the national r

Eyeing to capitalize on the unified brand equity as well as to support the government’s efforts to create a technology driven-economy, Sri Lanka Telecom (SLT), joining forces with its subsidiary and mobile arm, Mobitel, recently unveiled their unif

The current managers of the Sri Lankan economy have every reason to avoid going back to the International Monetary Fund (IMF) as preconditioned austerity measures and fiscal tightening that will typically accompany such a package could further suffoc

CNBC: Singapore and Vietnam have been successful in controlling the coronavirus in 2020 and are likely to keep the situation contained in 2021, an economist said this week.

Credit to the private sector continued to grow in November defying pandemic related restrictions, but it briefly lost some momentum as businesses entered the year-end holiday season.

Britain and Vietnam signed a free trade agreement this week, Vietnam’s trade ministry said, days before Britain completes its transition out of the European Union.The deal that will for Britain replace the existing EU-Vietnam Free Trade Agreement (

Hambantota International Port (HIP) marked its third year in operation with a donation of 100 tree saplings.

A fleet of 273 buses belonging to Sri Lanka Transport Board (SLTB) which were taken out of service due to dilapidation were repaired and re-added to passenger transportation on Thursday (31) at an event held at the Galle Face Green under the patronag

The Commercial Bank of Ceylon has won the Banking and Financial Services Category Award presented by Sri Lanka Association for Software Services Companies (SLASSCOM) at its Robotic Process Automation (RPA) Awards Conference 2020.

Since the beginning of the pandemic when countries and individuals were pushed to seek virtual alternatives to doing business and life in general, the Marketing Forum of Sri Lanka Association for Software Services Companies (SLASSCOM) was proactive i