Telecommunication Regulatory Commission of Sri Lanka (TRCSL) announced it has initiated preliminary measures to implement number portability in the country.

Venerable Dhammananda Thích Phuoc Ngoc Thero, who received the Official state of the Sri Lankan Buddhist Sangha and became the first Vietnamese dignitary of the Sri Lankan Sangha community, and also a Government envoy in the island nation.

Veteran banker Senarath Bandara has been appointed as the Managing Director/CEO designate of Cargills Bank Limited, and will commence his new role with effect from September 8, 2020.

In a disclosure to the Colombo Stock Exchange (CSE), the board of MTD Walkers PLC informed that Lakma Holdings (Pvt.) Ltd led by Dr. Arosha Fernando has signed a share sale and purchase agreement to acquire 90 percent of the shareholding of the comp

Sri Lanka will see the addition of a Liquefied Natural Gas (LNG) trading facility with the Board of Investment (BOI) having entered into an agreement with Pearl Energy (Pvt) Ltd. to launch the ‘Hambantota LNG Hub’.

The non-banking financial institutions (NBFI) sector has evolved over the past years to be a stronger force in the finance industry in Sri Lanka. Unfortunately, the public only remembers NBFIs in light of unethical practices of non-regulated finance

The Central Bank for the first time gave its forecast last week for the estimated decline in worker remittances expected in 2020 after the coronavirus related lockdowns around the world dampened the prospects for overseas jobs and such incomes.

Banking sector non-performing loans (NPLs) received some respite in June as the ratio fell to 5.4 percent after reaching a six-year high of 5.6 percent in May, but the provisional data for July pointed to a slight uptick again.

State Minister of Mahaweli Zones, Waterways, Settlements and Public Infrastructure Development, Siripala Gamlath stated that his sole aim is to turn the Mahaweli zones into fulltime worksites and extend support to strengthen the national economy.

The Central Bank is currently in discussions with the Department of Census and Statistics (DCS) to arrive at mutually agreeable ways on the calculation of national economic data after the latter surprised the country and the Central Bank by reporting

Sri Lanka’s headline inflation measured by the National Consumer Price Index (NCPO) rose 6.1 percent in the 12-months to July, recording a deceleration from 6.3 percent in the month earlier mainly due to a statistical effect of the high base prevai

The Central Bank has extended the application deadline for loans under the Saubhagya refinance facility to provide concessionary working capital loans to those affected by the pandemic, from August 31 to September 30, as the scheme has more funds to

The Advocata Institute has commended the decision taken by the Department of Census and Statistics (DCS) to launch an e-registry portal to register unregistered and registered businesses in Sri Lanka.

Hopes for a vaccine helped push equities higher yesterday following another tech-inspired record on Wall Street, with investors brushing off a surprisingly weak US jobs report, though optimism remains checked by the spreading virus and the US stimulu

The Indian CEO Forum said the people on August 5 have given a resounding mandate for President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa and the Sri Lanka Podujana Peramuna to steer the country for growth and development over politics.

The second group of 87 Sri Lankans, who were stranded in various cities in Thailand due to the COVID-19 pandemic situation, was repatriated to Sri Lanka from Bangkok-Thailand yesterday (21), via a special SriLankan Airlines charter flight UL 403, org

The Travel Agents Association of Sri Lanka (TAASL) in a statement yesterday congratulated the new Prime Minister Mahinda Rajapaksa and the Sri Lanka Podujana Peramuna for the victory obtained during the general election held on August 5.

Acorn Group encompasses multiple businesses and leading international brands in the Travel and Aviation industry.

The NCE has partnered with Bureau Veritas Lanka (Pvt) Ltd to provide ‘Cov-Safe’ certification which has international recognition.

Trade Minister Bandula Gunawardena made his inaugural visit to the Sri Lanka Export Development Board (EDB) recently since assuming office and met the key officials of the institution.

Stakeholders of the national financial system will witness their grievances receive due emphasis hereafter as the Central Bank of Sri Lanka (CBSL) has taken a progressive step towards establishing a single point of contact to handle complaints.

Asia’s emerging economies are at different stages in combatting the Covid-19 pandemic. For some, the light at the end of the tunnel is getting brighter as social distancing measures are being eased and economic activity is starting to ramp up again

In the midst of a global pandemic, IFC steps up its work in Sri Lanka—aiming to help mitigate some of the worst economic impacts and deliver tangible long-term benefits.

The Central Bank (CB) says a substantial rebound in economic activity in the fourth quarter is essential for Sri Lanka to avert an economic contraction this year following the “unexpected” contraction in the economy in the first quarter.

Sri Lanka will halt the cultivation of oil palm in the country, while giving assistance to grow coconut in new areas, President Gotabaya Rajapaksa said in his address to the newly elected parliament.

Following the announcement of a withdrawal from issuing rating reports on Kotagala Plantations PLC in July, Fitch Ratings yesterday said it would continue the coverage on the plantation firm until further notice.

With a view of strengthening the execution of Sri Lanka’s digital roadmap, three new strategic appointments have been made to the board of the Information Communication Technology Agency of Sri Lanka (ICTA).

Airtel Lanka yesterday announced the appointment of Ashish Chandra as Chief Executive Officer and Managing Director.

Keeping up with the ongoing digital trend, State-managed retail chain Lanka Sathosa, launched its online shopping platform yesterday.

State-owned retail chain, Lanka Sathosa has posted record revenue of Rs.17.62 billion for the first half of 2020 (1H20), the highest-ever performance achieved since its establishment, senior officials of the entity said.