Tech giants will have to do more to weed out illegal and harmful content while online gatekeepers will be bound by a list of dos and don’ts under new rules aimed at reining in their power, Europe’s antitrust chief said yesterday.

Almost two-thirds of 140,000 employees in Sri Lanka’s leading companies are struggling to meet personal and family financial obligations due to the impact of COVID-19, reveals a new report.

Malaysia’s AirAsia X Bhd plans to revise its US$ 15.3 billion debt restructuring plan to address concerns raised by a creditor as its cash is running out fast, people with direct knowledge of the matter said.

Sovereign default risks are on course to rise further in 2021, with Iraq, Sri Lanka, Angola and Gabon at high probability of default, say Goldman Sachs analysts.

Oil prices fell 4 percent yesterday to their lowest since mid-June, extending the previous day’s sharp decline on the potential impact renewed coronavirus lockdowns will have on oil demand.

The Institute of Policy Studies of Sri Lanka (IPS) has released a report, which provides a comprehensive assessment of Sri Lanka’s historical and current tobacco tax policies to assess whether they are in line with the World Health Organisation’s

Urbanisation has intensified many of the most pressing global challengesover the last few decades. Today, responding to the COVID-19 pandemic has become top priority for the vast majority of towns and cities across the world, which account for over 9

The Prime Minister’s proposal to ban cattle slaughter has been apparently endorsed by the government MPs. Have they considered in depth its consequences on animal and milk production? Moreover, the self-deceptive and ridiculous rule of banning sell

US Secretary of State, Mike Pompeo, who met with President Gotabaya Rajapaksa yesterday at the Presidential Secretariat, has expressed the intent of the United States government to support Sri Lanka to fulfill its economic development needs, a media

People’s Bank and Sri Lanka Insurance (SLIC) continued their growing partnership with the official opening of the People’s Bank Service Centre at SLIC Head Office premises.

Keells Food Products PLC (KFP) reported higher revenues and profits for the three months ended September (2Q21) with consumption in the economy recovering after a two-month lockdown, which ended mid-May.

Sri Lanka’s government bonds fell heavily yesterday as the United States ratcheted up pressure on the country’s government over its ties with China.

Softlogic Holdings PLC (SHL) suffered revenue and profit losses during the April-June quarter (1Q21) as coronavirus related lockdowns forced people to remain inside for nearly half of the period while doors for tourism business remained closed.

The Commercial Documents Registration Division (CDRD) of the Ceylon Chamber of Commerce with the purpose of providing an uninterrupted service to its customers is now geared to service 24x7 via its online documents verification service https://e-co.l

The tectonic shift across the globe due to the ongoing COVID-19 pandemic has pushed corporates to rethink the approach towards human resources management (HRM) since the health crisis has led to significant skill gaps, shifted priorities and accelera

The Export Development Board (EDB) yesterday said it was taking necessary measures to ensure that the operations of export industries remain uninterrupted during the curfew period in the country.

The Export Development Board (EDB) said it was taking necessary measures to ensure that the operations of export industries remain uninterrupted during the curfew period in the country.

In a special message, Sri Lanka Ports Authority (SLPA) Chairman General Daya Ratnayake said a Colombo Port Operations are continuing without any hindrance.

Sri Lanka’s government bonds fell heavily on Wednesday as the United States ratcheted up pressure on the country’s government over its ties with China.

In recent times, a great deal of ink has been spilled over the sport of identifying problems in Sri Lanka’s plantations sector, assigning blame. This is an approach that does little to solve the real underlying challenges that have held our industr

The leading cement manufacturer in the country, INSEE Cement Sri Lanka has signed a landmark agreement with the State Engineering Corporation (SEC) to purchase dolomite, which is used as raw material in the cement manufacturing process.

As Sri Lanka awaits a national budget for the year 2021 next month, after a hiatus with no national budget presented for 2020, an analysis has shown that 41 percent of the proposals in the Budget 2019 were not implemented.

Hatton National Bank PLC (HNB) yesterday announced a landmark agreement with Proparco, the private sector funding arm of the French development bank, Agence Française de Développement (AFD), to secure US$ 60 million in funding.

Online shopping platform Takas.lk has been taken over by Ideal Group, a diversified business headed by business leader Nalin Welgama.

State banking giant, Bank of Ceylon (BOC) said it has approved Rs.43.8 billion loans under Central Bank’s Rs.150 billion Saubagya COVID-19 loan scheme and has already disbursed Rs.34.6 billion, which is almost 83 percent of the total number of loan

Sri Lanka’s life insurance market leader Ceylinco Life has posted consolidated income of Rs.26 billion for the nine months ending September 30, 2020, achieving noteworthy top line growth of 14 percent in a period dominated by adverse business condi

As the domestic political landscape getting fired up with the arrival of US Secretary of State Mike Pompeo as part of his South Asian tour, and some commentators raising concerns that Sri Lanka has become an indirect victim of the US-China trade war,

As the Central Bank sponsored Saubagya COVID-19 credit scheme came to an end fortnight ago, another loan re-finance scheme aimed at small businesses, this time sponsored by the Asian Development Bank (ADB) and implemented by the Finance Ministry is e

Hatton National Bank PLC (HNB) today announced a landmark agreement with PROPARCO, the private sector funding arm of the French development bank, Agence Française de Développement (AFD), to secure US$ 60 million in funding.