The sixth EY Future Consumer Index, a survey of 14,500 consumers across 20 countries fielded in January-February 2021, finds that consumers are more worried than four months ago about their health, their families and their futures.

Sri Lanka continues to trim the trade account deficit as merchandise imports slip amid the lid on non-essential imports and weak textiles exports, but a higher fuel bill is likely to make a comeback amid rising global crude prices.

Despite rising metal prices in tandem with the recovery in global demand, ICRA Lanka Limited said that local importers could hold the prices of metal through the medium-term as they might have built loss absorption capacity, as they didn’t revise d

Sri Lankan-born businessman Benedict Sirimanne, who leads California-based CSDS Aircraft Sales & Leasing Inc. is planning to commence international charter flight operations from Sri Lanka under ’Air Colombo’ brand.

Hotel sector employees have expressed dissatisfaction over the ongoing Covid-19 national vaccination drive, as no progress been made despite the industry being told they are listed as priority group.

HSBC recently joined People’s Bank in assisting the Sri Lankan government’s efforts to slowdown the spread of COVID-19 and accelerate the country’s return to normalcy.

Norges Bank Investment Management, which manages Norway’s US$ 1.3 trillion Government Pension Fund Global, saw a reduction in its equity investments in Sri Lanka for the first-time since the fund’s entry into the country in 2015.

Wages in Sri Lanka are continuing to make gains while general consumer prices remain subdued making the wage earners economically better off. However, higher wages have made businesses and industries to scramble to find affordable labour to stay comp

Despite the emergence of second COVID-19 wave, Colombo’s residential real-estate market saw the sales growth momentum begin in the third quarter persisting throughout the fourth quarter of last year backed by increasing investor confidence and the

Wings Logistics was incorporated in 2001 and today counts highly skilled professionals combining numerous years of experience in the Air and Sea Freight forwarding industry. Our operation is centered in a prime location in the heart of Colombo and bo

Sri Lanka’s thriving tech industry has proved time and again that it is not about only rising to the top but also taking as many companies as possible up that growth trajectory.

Sri Lanka’s listed entities reported their best-ever earnings in the three months ended in December 2020, defying the pandemic-triggered disruptions and the worst predictions by certain rating agencies and other analysts who painted a gloomy outloo

Sri Lanka’s technical and vocational education and training (TVET) took a massive hit during the COVID-19 pandemic, a study by the Asian Development Bank (ADB) has revealed.

China has approved a 10 billion yuan currency swap (US $ 1.5 billion) to Sri Lanka, Money and Capital Market and State Enterprise Reforms State Minister Ajith Nivard Cabraal said.

Sri Lankan shares ended lower yesterday, driven by a slide in financial services and consumer discretionary stocks.

The Rs.1,000 minimum daily wage for tea and rubber plantation workers has come into effect from the fifth of this month, the Labour Ministry announced yesterday.

In back-to-back reports on the banking sector issued within days, Fitch Ratings peddled fears over the ability of the Sri Lankan banks to raise foreign funds for lending purposes, as they believe that Sri Lanka’s sovereign rating cut in December 20

While expressing willingness to cooperate in a forensic or technical audit on cross-border transactions, Sri Lanka’s licensed foreign employment agencies this week accused Labour Minister Nimal Siripala de Silva of conspiring to jeopardise the coun

People’s Bank yesterday announced the results for its year ended December 31, 2020 reporting consolidated net loan growth of Rs.315.7 billion, representing 21.6 percent growth year-on-year (YoY), and accounting for close to one third of overall net

The Cabinet of Ministers this week granted approval to expedite the setting up of the proposed pharmaceutical zone in Millewa in Horana.

Sri Lankan shares ended modestly lower yesterday, led by a decline in industrial stocks.

Fitch Ratings said the two State-owned licensed commercial banks—Bank of Ceylon (BOC) and People’s Bank—would continue to lead credit growth compared to their closest private lending giants—Commercial Bank, Hatton National Bank and Sampath Ba

Money & Capital Market and State Enterprise Reforms State Minister Ajith Nivard Cabraal yesterday said Sri Lanka’s gross domestic product (GDP) growth is expected to be around 3.5 percent in the first quarter of 2021 and minimum of 20 percent in th

The Cabinet of Ministers’ nod has been received to form a new company as a fully-owned subsidiary of Lanka Salu Sala Limited to promote other local products including batik, handloom textiles and local apparel products directly, by setting up a str

The COVID-19 pandemic which was first reported in Sri Lanka in January 2020 has distressed the country’s labour market. According to the Department of Census and Statistics, with the onset of the pandemic, the labour force participation has decreas

The advent of a locally manufactured tobacco-free cinnamon cigarette into the market stirred much interest and controversy in recent weeks.

It is aptly said that when a woman becomes financially independent she sets off a chain reaction of positive outcomes within her family and wider community. In my long journey of working with women right from the grassroots right up to the higher cor

Sri Lanka’s merchandise export earnings recorded a slight slowdown in January, following the strong rebound in export earnings in December 2020, due to Brexit and impacts from the second wave of the COVID-19 pandemic extending to 2021.

Celebrating the International Women’s Day, IFC, a member of the World Bank Group, yesterday joined the Colombo Stock Exchange (CSE) for the sixth consecutive year to ‘Ring the Bell for Gender Equality’.

The Colombo Stock Exchange (CSE) yesterday retracted two circulars issued in January and February, which asked the stockbrokers to furnish their credit information on a weekly basis, changing from the usual practice of furnishing such information eve