Sri Lanka’s trade deficit fell to US$ 161 million in June compared to US$ 316 million in the same month last year, recording the lowest monthly deficit in the country’s merchandise trade since August 2009 as exporters continued to push ahead whil

The average weighted prime lending rate (AWPR) fell by 40 basis points (bps) last week, logging the steepest weekly decline in recent times while the market weighs in on another round of monetary policy easing this week as the Monetary Board of the C

A special programme to export local vegetables and fruits has been launched through the Mattala Rajapaksa International Airport (MRIA).

Hatton National Bank PLC (HNB) reported subdued performance for the three months ended June 30 (2Q20) as the pandemic brought the growth in new loans to a standstill while the bank had to forgo income on loans provided with payment holidays amid mass

Gradual recovery in healthcare and domestic consumer segments of Hemas group helped to soften the impact stemming from the pandemic as its logistics and marine sector suffered a big volume slump while the pandemic nearly decimated its leisure sector,

Today 17 August 2020 is a special day for Indonesian citizens all over the world for celebrating the 75th Anniversary of Indonesian Independence Day. On the same day in 1945, the first President of Indonesia Ir. Soekarno declared the proclamation of

An innovative owner-driven model under which technical support and financial assistance is provided to beneficiaries.

Uncertainties in the country’s tax framework over the last year have hindered progress in the local motor trade industry, where the ad-hoc policies have directly impacted the core business models of the sector, automobile entity United Motors PLC s

In the wake of the Port of Beirut explosions which devastated many parts of Lebanon’s capital city, Emirates is standing with Lebanon to provide critical emergency relief and aid to the hundreds of thousands of people affected by the blasts.

Asian markets drifted yesterday as investors grew increasingly concerned about the stalemate in Washington on a new stimulus for the world’s top economy.

The Sri Lanka Banks Association (SLBA) representing all licensed banks (30) in Sri Lanka congratulate President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa and the new government on receiving a strong electoral mandate to set the course for

The very first flights of Egypt Air Cargo, the national freighter of Egypt, landed in Bandaranaike International Airport on August 2nd and 5th.

SriLankan Airlines wishes to clarify its position with regard to the temporary suspension of the Colombo-Shanghai operation by the Civil Aviation Administration of China (CAAC) for a period of four weeks.

The government is prepared to utilise all necessary tools to revive the country’s virus-hit economy and to restore the trust in the economy backed by clear-cut polices and their prompt implementation.

Former Central Bank Deputy Governor S. R. Attygalle, who was reappointed to the position of Secretary to the Treasury and the Ministry of Finance assumed duties on Thursday.

Diversified conglomerate, Aitken Spence PLC, which has extensive interests in travel and hospitality business, saw its June quarter (1Q21) revenues and profits eroded by the economic malaise created by the COVID-19 pandemic, though the group said it

14th August is the most significant day in the history of Pakistan. On this day, seventy four years ago, Pakistan emerged as a sovereign state on the map of the world. Under the dynamic and inspiring leadership of Quaid-e-Azam Muhammad Ali Jinnah, th

Colombo’s commercial real estate market is expected to face an oversupply of office spaces weighing down on rental yields and occupancy rates across both Grade A and B segments in the medium term with several large-scale projects nearing completion

Amidst an external environment that continues to remain challenging, Expolanka Holdings has recorded stellar performance during the first quarter of the new financial year (1Q21).

Teejay Lanka PLC has reported operating profit of Rs. 15.2 million and profit before tax of Rs. 13.9 million for the first quarter of 2020-21, but posted a net loss of Rs.31.5 million – its first since being listed on the Colombo Stock Exchange (CS

India yesterday pledged US$ 500 million to build bridges and causeways in the Maldives, as New Delhi seeks to counter growing Chinese influence in the Indian Ocean.

99X Technology yesterday said Tracified, a company incubated within its innovation center/accelerator StartupX Foundry, has received an equity investment from 360ip, a venture capital firm based in Tokyo.

The National Development Bank PLC (NDB), like any other lender felt the effects of the pandemic, that came by way of loss of revenues from loans subject to moratoria, compressed margins amid falling interests rates, higher provisions against possible

Sampath Bank PLC reported subdued performance for the three months ended June 30, 2020 (2Q20) as declining margins, moratoria and weak business volumes weighed on its revenues and profits.

Colombo Dockyard, Sri Lanka’s largest ship repair and building engineering facility said, it expects rapid changes in the global shipbuilding industry, where sector players would stand to benefit from the new direction.

End of the COVID-19 pandemic? When? The responses map itself somewhere within a range from at least one year to 10 years plus. Wide agreement: it is something here to stay. There is no way out. Better get used to the ‘new normalcy’.

With more than 270,000 new cases daily and around 6,000 deaths daily, globally, most world leaders are pursuing a highly uncertain best-case scenario — the discovery of vaccines or a drug — while pushing for the pandemic-controlling options that

Reclassification of investments in the shares of Commercial Bank, from the earnings to comprehensive income, helped DFCC Bank PLC to lift its June quarter earnings but the impact from narrowing margins, loss of cash flows from moratoria, heavy provis

The lending rates continued their descend through last week, amid the borrowing cost reaching historically low levels, as banks are seen adjusting their lending rates in response to the aggressive monetary policy actions aimed at accelerating the cou

Sri Lanka Insurance has declared a life insurance bonus of Rs.8.2 billion for the year 2020, to its life insurance policyholders, recording the largest life insurance bonus ever to be declared in the insurance industry of Sri Lanka.