Sri Lanka’s apparel workers have lost estimated 40.8 percent of their usual wages or total of Rs.4.64 billion during the March-May period, when the country went into a national lockdown to contain the threat of COVID-19, according to a recent repor

The outstanding balance of credit cards slipped in August—although the private sector credit, a key gauge of the dynamism of economic activities, recovered in the same month—implying that people are either using cash to pay their credit card debt

The pandemic-induced economic damage could cause long-lasting revenue losses for emerging market (EM) sovereigns, including Sri Lanka, causing a stretched budget deficit but the constraints to cut spending amid the pandemic should amplify the need fo

Sri Lanka Tourism has partnered with travel influencers across the world to recreate content on social media platforms, an attempt to keep the ‘So Sri Lanka’ brand active during the ongoing global pandemic.

In an open letter issued yesterday, the International Chamber of Commerce (ICC), the institutional representative of over 45 million businesses, International Trade Union Confederation (ITUC), the global voice of the world’s working people and Glob

Taking a leap forward in establishing its identity as a global customer experience champion, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, in partnership with Axiata Digital Labs (ADL), was the recipient of the coveted Customer Expe

Malaysia announced sweeping new curbs around the capital and worst-hit Sabah state yesterday, as the country fights a new coronavirus surge.

US economists Paul Milgrom and Robert Wilson won the Nobel Economics Prize yesterday for work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel Committee said.

US economists Paul Milgrom and Robert Wilson won the Nobel Economics Prize today for work on commercial auctions, including for goods and services difficult to sell in traditional ways such as radio frequencies, the Nobel Committee said.

SriLankan Airlines confirmed the media reports stating that an employee of the airline at SriLankan Cargo operations division at the Bandaranaike International Airport tested positive for the COVID-19 virus this morning.

As part of its ongoing initiatives to strengthen the structure to deliver the next phase of strategy, leading conglomerate Ambeon Group today announced the appointment of Shevan Goonetilleke as Director/Chief Executive Officer of their technology sub

It was reported that the trade deficit to end-August 2020 was US $ 3.8 billion, compared with US $ 4.8 billion to end-August 2019. There is no doubt that the current reforms will provide solutions to some of the structural issues in the economy. Yet,

Following is a response to the article titled ‘The case for state-supported maternity leave benefits in Sri Lanka’, published on September 24, 2020, in Mirror Business, by Verité Research.

Investors must not react impulsively to the news of the emergence of the new COVID-19 cluster in Sri Lanka. In a special report, leading stockbroking firm Asia Securities (Pvt.) Ltd, exploring the impact of COVID-19 resurgence in several regional eme

John Keells Stock Brokers (JKSB) remains optimistic about Sri Lanka’s ability to return to international capital markets to raise funds it needs as the economy normalises after the coronavirus-related lockdowns dealt a severe blow from April throug

Deposit rates offered to both corporate and individual customers are coming down faster as banks hasten to cut their funding cost in a bid to maintain margins, which are narrowing in line with the falling lending rates, exerting pressure on their bot

Sri Lanka has received foreign direct investment (FDI) worth US$ 345 million for the first six months of 2020 compared to US$ 535 million received in the same period last year.

Ajith Peiris, former Deputy General Manager (Operations) is scheduled to take over his duties as the 17th GM/CEO of National Savings Bank (NSB) today.

John Keells Properties (JKP) unveiled plans for the development of exclusive townhouses and bespoke luxury villas at the internationally renowned Victoria Golf and Country Resort (VGCR).

Sri Lanka’s coconut output is expected to decline by 13.1 percent year-on-year (YoY) to 2.7 billion nuts this year, due to unfavourable weather conditions that prevailed last year and the current fertilizer shortage in the market, according to Maha

Sri Lanka’s gross official foreign reserves fell in September before Central Bank settled a billion dollar bond on October 4, but the monetary authority continued to purchase dollars from the foreign currency market.

Dairy product imports fell the most in August indicating that local milk production is gathering steam amid fresh government initiatives to further strengthen the sector to achieve self-sufficiency in the country’s dairy requirement.

Phuket’s go-go dancers sit playing on their phones in empty bars lining deserted streets as the Thai tourist island reels from the ravages of the pandemic with little sign of any recovery soon.

Sri Lanka’s trade deficit continued to narrow as imports continued to decline at a faster pace than the decline in export earnings in the month of August, the latest external sector data released by the Central Bank showed.

With the outbreak of COVID-19, Sri Lanka’s tourism industry was one of the worst affected.

Hayleys Plantations’ subsidiaries Kelani Valley Plantations (KVPL) and Talawakelle Tea Estates (TTEL) were recognised as country winners at the prestigious Hallbars Sustainability Report Awards 2020.

Asian markets drifted yesterday on uncertainty about the chances of a fresh US stimulus package as talks for a broader agreement appeared to be back on.

President Donald Trump’s administration imposed sweeping sanctions Thursday on Iran’s banking sector, taking a major new step to cripple the arch-rival’s already struggling economy weeks ahead of US elections.

HSBC will target net zero carbon emissions across its entire customer base by 2050 at the latest, and provide between US$ 750 billion and US$ 1 trillion in financing to help clients make the transition, Chief Executive Noel Quinn told Reuters.

Hit by COVID-19-related disruptions, Sri Lanka’s economy is projected to shrink by 6.7 percent this year, recording the third highest economic contraction among the South Asian region economies, after the Maldives (-19.5) and India (-9.6), the late