Businesses tend to prefer consistent bad policies to inconsistent good policies, as such provides predictability when taking business decisions including expansions and new investments, a top private sector executive says.

The Colombo Stock Exchange (CSE) and Securities and Exchange Commission (SEC) are encouraging family-owned businesses to go public to make use of the concessions offered to new listings, while boosting the country’s capital market’s liquidity.

Announcing further relief to those who lost their savings to now defunct finance companies, the Central Bank last week said the maximum compensation that a depositor receives will be increased from Rs.600,000 to Rs.1.1 million.

Tesla boss Elon Musk strongly denied Saturday that his cars, which gather large amounts of data, could ever be used to spy on China despite fears raised by Beijing, the Wall Street Journal reported.

Singer Finance (Lanka) PLC last Friday disclosed its plans to raise up to Rs.2 billion via a listed debenture issue.

REUTERS: Beleaguered casino operator Crown Resorts Ltd said on Monday it received a buyout offer from private equity company Blackstone Group Inc that values the company at A$8.02 billion (US $6.19 billion).

The State Oil Company of Azerbaijan Republic (SOCAR) announced it is eying Sri Lanka to set up its upcoming LNG development by partnering with the Pearl Energy project.

In an effort to extend further relief measures to depositors of finance companies, the Monetary Board of the Central Bank has decided to increase the maximum compensation payment under Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS

The interest rate caps hinder the formal banking sector’s penetration into the microfinance sector, as the default risks in the sector have increased substantially, while the banking sector braces for a rise in general market interest rates, on the

Grand Oriental Hotel (GOH), an icon of generations past, is opening its doors to a new era of splendour, bringing to life its rich colonial architecture.

The digital chapter of the Federation of Information Technology in Sri Lanka (FITIS) is gearing up to launch the first-ever Sri Lanka Internet Day 2021, this April.

Hosts BOI Chairman at embassy with representatives of Korean Businessmen’s Association On March 18, 2021, Ambassador of the Republic of Korea Santhush Woonjin Jeong had hosted Board of Investment of Sri Lanka (BOI) Chairman Sanjaya Mohottala, at t

China’s Geely plans to roll out electric vehicles under a new marque with different branding and sales strategies, people familiar with the matter said, as the Volvo owner looks to take on its main EV rival Tesla with higher-end vehicles.

The Roads and Highways Ministry, Rural Roads and Other Infrastructure State Ministry as well as the Road Development Authority have embarked on a project to give prominence to the preservation of nature while performing development work.

Donald Trump’s net worth dropped by about US $ 700 million to US $ 2.3 billion (£1.65 billion) during his time as president, according to the Bloomberg Billionaires Index.

Internet uses across the country could expect to have unlimited data plans by April, the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) announced via Twitter a short while ago.

The iconic Grand Oriental Hotel (GOH), which has been refurbished with an investment of Rs.250 million, will be placed under the management of Waters Edge Recreations, a subsidiary of State-owned hospitality provider, Waters Edge Limited.

Tourists who have received the required dosage of COVID-19 vaccination will be able to spend more time exploring Sri Lanka according to the latest revision of quarantine measures by the Ministry of Health (MoH).

The Central Bank rebuffed the recent uptick seen in Treasury yields, calling the development “unwarranted”, although the investors were beginning to wonder whether the current cycle of low interest rates is over, as inflation to raise its ugly he

In a fresh Banking Act Direction, the Central Bank yesterday informed all licensed banks and National Savings Bank (NSB) to refrain from purchasing Sri Lanka international sovereign bonds (ISBs), with effect from March 23, 2021, until April 9, 2021.

National Development Bank PLC (NDB) has turned acquisitive to accelerate growth during the five years through 2025, as the lender is lining up funds to bolster its capital base to fund its next wave of growth.

Money and Capital Markets and State Enterprise Reforms State Minister Ajith Nivard Cabraal and the members of the Indian CEO Forum of Sri Lanka held a cordial discussion at the Finance Ministry, this week.

Launching a census on job losses in the private sector, due to the impacts of the COVID-19 pandemic, Labour Minister Nimal Sirpala de Silva sought public support to collect information on the individuals who lost their employments.

The rubber plantations have been advised to be vigilant and be on the active lookout for any signs of the leaf disease Pestalotiopsis, a threat that could impact the industry output.

Sri Lanka’s food prices are on the rise albeit the overall inflation measured by the price indices show benign levels. The government for months has been trying with various tools to bring food prices under control but without any success.

Sri Lankan shares closed lower yesterday for a fourth straight session, dragged down by losses in industrials, consumer staples and financial stocks. The CSE All-Share Index closed 1.62 percent lower at 6,930.76.

Sri Lanka’s leader in plastic bottle recycling, Eco Spindles (Pvt.) Ltd, a fully-owned subsidiary of BPPL Holdings PLC, launched its highly anticipated ‘Waste 2 Value’ app, at a special launch event held at Hilton Colombo Residences.

In a fresh Banking Act Direction, the Central Bank has informed all licensed banks and National Savings Bank (NSB) to refrain from purchasing Sri Lanka international sovereign bonds (ISBs) with effect from March 23, 2021 until April 9, 2021

In an effort to increase avenues to increase tourism traffic to the country, the Sri Lanka Convention Bureau (SLCB) together with industry stakeholders have initiated the launch of the ‘Meet in Sri Lanka’ series to cater to the high potential MIC

Rubber plantations have been advised to be vigilant and be on the active lookout for any signs of the leaf disease, Pestalotiopsis, a threat that could impact industry output.