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

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.

Multi-disciplined corporate leader Pasan Wanigasekara has been appointed as the new Director General of the country’s State-run apex investment promotion body, Board of Investment (BOI)

The benchmark All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) surpassed the 7, 000-point mark a while ago with increased market activity in certain counters such as Browns Investments PLC and Expolanka Holdings PLC.

The World Bank projects Sri Lanka’s economy to grow at the modest rate of 3.3 percent this year before decelerating to 2 percent in 2022, the global lender said in its January 2021 Global Economic Prospects report released this week.

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

According to generally accepted economic theories and their practical application, boosting economic growth has been seen as the best way to create job opportunities and raise living standards of people.

The Ceylon Planters Society (CPS) consists of working planters on plantations and in the corporate offices of the RPCs who were serving in the plantation before.

Pelwatte Dairy Industries stands in support of Sri Lankan farmers with regard to the ongoing Maha Oya land issue that has reportedly put the dairy farming community at stake.

With Sri Lanka’s economy estimated to have recorded a contraction in 2020, the country’s Central Bank (CB) yesterday assured continuous monetary and fiscal interventions to support the economy to regain its “lost momentum” to the COVID-19 pan

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.

The Central Bank is to introduce a new Rs.2, 000 currency note this year as a part of the existing 11th note series.

The Central Bank today announced plans to revise the investment guidelines related to the Employees’ Provident Fund (EPF) to diversify the investment portfolio of Sri Lanka’s largest superannuation fund under the current low interest rate environ

Thanks to the timely, swift, firm, systematic, coordinated approach and action taken by the government and more thanks to the absence of parliamentarians, the first phase of the COVID-19 pandemic was successfully brought under control in Sri Lanka.

A productive human being and one that’s not. What’s the difference? A productive carpenter is a one who has mastered his tools. A productive food delivery man is a one who has full control over his motorbike. A productive factory floor, in the 21