The Central Bank last week raised the loanable amount by licensed finance companies in respect of registered vehicles for more than one year after the first registration, as the finance companies are reeling from the tougher business climate compared

Colombo land prices continued their climb during the second half of 2020 as prices of lands used for residential, commercial and industrial purposes re-gained steam.

Ceylon Biscuits Limited won the coveted ‘Best Corporate Citizen Sustainability Award 2020’ an annual event organized by the Ceylon Chamber of Commerce, the country’s premier business chamber to recognise sustainable champions of the local corpo

Sri Lanka’s manufacturing firepower, measured by the industrial production, expanded in December as industrialists added more muscle into their factories and production lines to make up for the lost output when restrictions were re-imposed since Oc

Sri Lankan shares ended higher for a second straight session yesterday, helped by gains in industrial and financial stocks.

The Trade Related Assistance Project extended by the European Union (EU) to Sri Lanka came to a close this week after a successful four-year implementation programme.

The Central Bank yesterday announced the demise of Former Central Bank Deputy Governor C.J.P. Siriwardana.

The Central Bank of Sri Lanka commenced operations in August 1950 and completed 70 years of its unique and valued contribution to the prosperity of Sri Lanka.

While acknowledging that Sri Lanka will have to undergo a period of austerity under the government’s alternative policy approach to break out from the debt trap, the Central Bank (CB) suspects a possible link between the recently published “damag

Recently Central Bank Governor Prof. W.D. Lakshman at a media briefing stated that Sri Lanka was following a market-oriented economy with state guidance, involving some controls and restrictions. He was quoted as saying that such a framework would no

With the recent events unfolding in Sri Lanka, it’s high time that the corporate leaders and thought leaders of the Sri Lankan society take a stand on the gender discrimination that is happening right before our very own eyes. The elephant in the r

With the recent events unfolding in Sri Lanka, it’s high time that corporate leaders and thought leaders of Sri Lankan society take a stand on the gender discrimination happening right before our very eyes. The white elephant in the room is conveni

Sri Lanka and Pakistan yesterday affirmed commitment to actively explore and further deepen trade relationships, an effort that would not only benefit the two nations but also help the Indian subcontinent emerge stronger on the world stage.

While acknowledging Sri Lanka has to undergo a period of austerity under the government’s alternative policy approach to break out from the debt trap, the Central Bank (CB) suspects a possible link between the recently published “damaging reports

Commercial Bank of Ceylon PLC returned to its pre-pandemic performance in the three months to December 31, 2020 (4Q20), indicating that the country’s largest private lender is ready to look past the pandemic.

After the exporters were asked to convert 25 percent of their dollar proceeds into rupees immediately after receiving them, the licensed banks are required to sell 50 percent of those foreign currency proceeds back to the Central Bank.

Sri Lankan shares rose yesterday after two straight sessions of declines, boosted by consumer and industrial stocks, after the Central Bank governor sought to alleviate fears that the island nation could default on its debt servicing obligations.

ICRA Lanka Limited said that it expects the government revenue, which took a battering during 2020, predominantly due to the pandemic-related disruptions and partially due to the generous tax cuts, would return to normalcy by the start of the second

Exporters lament the lack of stakeholder consultation when the Central Bank last week abruptly decided to impose fresh regulations on exporters to immediately convert 25 percent of their export proceeds to rupees through licensed banks.

Meanwhile in a statement yesterday, the Central Bank explained why the recent repatriation and conversion of export proceeds measures are needed.

Higher credit costs on account of possible loan defaults, modest business volumes amid faster re-pricing of the asset base compared to the liabilities in a declining interest rate regime, dragged down Seylan Bank PLC’s December quarter (4Q20) profi

The Cabinet of Ministers this week granted approval to establish a high-level ‘Investment Management Committee’ to facilitate upcoming investment projects of globally recognised investors in the country on a priority basis, in a bid to further en

Individuals and organisations stockpiled cash during 2020 as they set aside large sums of money in bank accounts, most likely due to lack of spending opportunities and the inclination to hold on to the cash available during a time of crisis.

Cabinet nod has been granted to expand the industrial zone in Kalutara by absorbing a crown land plot of 1.946 hectares adjoining zone to meet the growing demand of industrialists for land in the Western Province.

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.

SriLankan Cargo operated today operated three consecutive cargo charters to Uganda

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.

After failing to meet the quorum at the last meeting of the wages control board for Tea Growing and Manufacturing Trade to consider the objections against the Rs.1,000 proposed daily minimum wage for plantation workers, the Labour Ministry has set a

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.