Richard Pieris Group said it invested Rs.1 billion in its subsidiary, Richard Pieris Finance Limited, to help the latter to meet its regulatory capital requirements.

Sri Lanka’s insurance penetration, known for its extremely low levels by most standards, appears to be sticky as both long-term and general insurance businesses have made only insignificant gains in 2019, and the sector could face a further setback

A patient who had visited the Emergency Treatment Unit (ETU) of Hemas Hospital Thalawathugoda has tested positive for COVID-19 after being transferred to Sri Jayewardenepura General Hospital (SJGH).

Sri Lanka Tourism yesterday announced the launch of a unique concept branded ‘Go on a Couch Safari’, an initiative taken to promote the island amidst the global travel restrictions.

Export companies in the Gampaha district can continue to operate during the curfew period strictly following the COVID-19 health guidelines and all preventive measures for the pandemic, with consent from the relevant health authorities.

Financial Inclusion is essential for continuous and sustainable economic development, according to IFC. This is no exception for Sri Lanka despite showing strong numbers in bank penetration.

The ongoing global health crisis continues to present fresh challenges to businesses, particularly the small and medium-sized enterprise (SME) sector, with eight out of 10 such enterprises struggling to stay afloat, a recent survey carried out by the

Airtel Lanka yesterday said that it has been allotted the 4G spectrum by the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) and will soon launch its high-speed mobile broadband services across the country.

The Board of Investment (BOI) yesterday said the operations of the BOI industries located within the Gampaha district would be carried out without any interruption during the curfew-imposed period.

Sri Lanka’s wage growth, which accelerated in July, slipped in August and continued to remain under the headline inflation, weighing on the purchasing power of the people.

Inflation measured by the broader National Consumer Price Index (NCPI) increased for the third month in September, amid higher food prices while non-food inflation remained largely unchanged.

The long overdue earnings report card of listed corporates for the January-March quarter is finally here, with only 266 companies filing interim results so far,

Signalling a loss in steam after a belligerent positive run, the Colombo Stock Exchange (CSE) ended in negative territory for the second day in a row, amid Sri Lanka recording a higher number of COVID-19 cases and the key Gampaha district going into

The Central Bank has kept key policy rates unchanged at the latest monetary policy review citing overall decline in market lending rates, pick up in private credit and benign inflation.

The Board of Investment (BOI) of Sri Lanka said operations of the BOI industries located within the Gampaha district will be carried out without any interruption during the curfew imposed period.

A total of 23 employees attached to the Colombo Dockyard PLC have tested positive for COVID-19 as of today, the company announced.

UK Prime Minister Boris Johnson has appointed Lord Davies of Abersoch CBE as the new Prime Minister’s Trade Envoy for Sri Lanka on 5th October 2020.

DFCC Bank is renowned as a national icon, with a legacy of over 65 years of contributing to the nation. With DFCC it is not just about banking but it believe in partnerships and it is most heartening to note that these relationships have lasted throu

As the newly elected government is gearing up to present its maiden budget next month, State Minister of Money, Capital Market, and State Enterprise Reforms, Ajith Nivard Cabraal said the Budget 2021 would reflect a “balanced partnership”.

National Development Bank PLC (NDB) yesterday revealed its plans to raise up to Rs.8 billion via a rights issue.

Sri Lanka added more workers to the agriculture sector during April-June 2020 (2Q) period amid the urgent need to ensure food security and to bring in much foreign exchange as possible to the economy beset by the pandemic. According to Census and St

The Hambantota District Chamber of Commerce (HDCC) has joined hands with the Colombo University China Language Center and the Hambantota International Port to provide Chinese language lessons to Hambantota district residents.

Global stocks were mixed yesterday before a key deadline to agree a pre-election US stimulus package as concerns weighed over a fresh surge in coronavirus infections.

First Capital Research (FCR) has lowered its bets on another round of monetary policy easing by way of a rate cut announcement tomorrow as the country’s macro-economic indicators point to an improved economic health with easing financial conditions

Softlogic Finance PLC has received Colombo Stock Exchange (CSE) approval for its rights issue of Rs. 1.9 billion as the Extraordinary General Meeting of the company fixed for November 9, 2020, with the funds expected to be received by the company by

Joining in the bandwagon of issuing cautionary signals on the country’s finance leasing company (FLC) sector, Fitch Ratings yesterday said the pandemic induced pressures on asset quality and profitability would test the companies’ loss absorption

PCR tests of over 250 close associates of the COVID-19 positive employee at Hirdaramani Kahathuduwa facility have come out negative, the management of the apparel manufacturer said.

The Hambantota District Chamber of Commerce (HDCC) has joined hands with the Colombo University China Language Center and the Hambantota International Port to provide Chinese language lessons to Hambantota district residents.

The Sri Lankan economy is likely to face a contraction in 2020, as a direct result of the COVID-19 pandemic but there is potential for this to be followed by a sharp V-shaped economic recovery.

The proud Sri Lankan history has been nurtured by the scriptures and other systems since the visit of Arahat Mahinda and the literacy rate of Sri Lankans has been aptly proved by their ability to grasp modern technology in relation to main fields suc