India may review some of its free trade agreements (FTAs) which have not yielded the desired results economically, the government has indicated.

Asian equities took a beating yesterday on rising China-US tensions while a worse-than-forecast US jobs report and stalled stimulus talks in Washington fuelled fears about the economic recovery.

India’s Finance Ministry and Export Import Bank officials have held online talks with Sri Lanka’s Finance Ministry on structuring a debt moratorium for the country, the Delhi’s High Commission in Colombo said.

The Central Bank of Sri Lanka (CBSL) has approved 3,985 new loan applications, amounting to Rs. 11,829 million, submitted by licensed banks under the Saubagya COVID-19 renaissance facility Phase II & III during the period 13-23 July 2020.

A woman sunbather sitting along a beach in the Gulf emirate of Dubai yesterday, while the Burj al-Arab hotel is seen behind.

Sri Lanka is currently facing a massive shortage in turmeric in the country leading traders to sell the processed spice via informal channels at prices that are over five fold higher than the government imposed maximum retail price (MRP).

Emirates customers can travel with confidence, as the airline will cover medical expenses of up to EUR 150,000 and quarantine costs of EUR 100 per day for 14 days, should they be diagnosed with COVID-19 during their travel, while they are away from h

In a bid to provide further relief to the pandemic affected businesses and self-employed individuals, the Central Bank has decided to cap the interest rate chargeable on leases already provided for buses providing public transport at 4 percent, appli

If there were only handful of businesses, which could so successfully weather the economic destruction inflicted by the pandemic and emerge even stronger, CIC Holdings is certainly one of them as the health crisis and the circumstances that followed

On 22nd July 2020, the Commercial High Court issued an enjoining order against Ceylon Electricity Board (CEB) in respect of a dispute under the standardised power purchase agreement between Nirmalapura Wind Power (Pvt) Ltd and CEB which had been ente

The Treasury is planning to finalise the announced foreign currency term financing facility (FCTFF) to raise up to US$ 500 million after the conclusion of the parliamentary polls next month, having received five proposals from domestic banks incorpor

Businesses are presented with opportunities to change and pursue a future path of green growth, although the COVID-19 crisis continues to pose challenges for the economies, the International Labour Organisation (ILO) said in its latest policy brief r

India’s largest power generation utility NTPC Ltd plans to set up a solar power park in Sri Lanka under the aegis of International Solar Alliance (ISA), according to an Indian media report.

There is no doubt that we are faced globally with a terrible pandemic but it seems that we, humans, have yet to gain the level of wisdom necessary to see through to the consequences of our current way of life, organisations and relationships and also

The first quarter of the Sri Lankan tea industry saw an upward momentum with an increase in elevational averages to the comparative period in 2019. Tea production saw a sharp decline in the period of review whilst exports witnessed a decrease.

Sri Lanka’s tea output in the first half of 2020 hit a 24-year low amid severe drought, particularly in the first quarter, impacting the Low-Country tea production, which accounts for about 60 percent of the national tea output.

The demand for consumer staples or fast-moving consumer goods (FMCG) has recovered with the easing of lockdowns but people may increasingly look for value in their purchases amid slashed incomes, prompting the companies to offer discounts and promoti

Sri Lanka’s wellness sector is slated to come under spotlight next year with the country’s apex export promotion authority, the Export Development Board (EDB) exploring the possibility of hosting a wellness tourism summit in 2021.

The local banking sector, which came under criticism for delaying the disbursement of the much sought-after stimulus package announced by the authorities, attributed the slow execution to the cumbersome processes that were in place.

An employee of the Sri Lanka Tourism Development Authority (SLTDA) was arrested for allegedly forging the signature of a director and issuing work visa recommendation letters to the Immigration Department, for foreign nationals.

The Central Bank of Sri Lanka (CBSL) has taken measures to make the compensation payments to the depositors of ETI Finance Limited (ETIFL) and Swarnamahal Financial Services PLC (SFSP) from the Sri Lanka Deposit Insurance and Liquidity Support Scheme

Vallibel Power Erathna PLC, the largest public quoted mini hydropower company in the country, has entered into a power purchase agreement (PPA) with the Ceylon Electricity Board (CEB), for the sale of electricity from its 9.9MW Erathna hydropower pla

Microsoft recently announced a new global skills initiative aimed at bringing more digital skills to 25 million people worldwide by the end of the year.

The current realities of grappling with COVID-19 encapsulate many an emotional challenge to society. The attempt herein is to identify the challenges and propose a philosophy of ‘emotional labour’ management to overcome or minimise the ill-effect

Fitch Ratings has estimated that the Sri Lankan corporates rated by it could lose up to 7 percent or Rs.30 billion in revenues during the financial year ending in March 2021 from a year earlier, with the COVID-19 pandemic taking a toll on industries

Lanka Hospitals Corporation PLC yesterday announced the appointment of insurance industry veteran Deepthi Lokuarachchi as Group Chief Executive Officer of the company, with effect from July 20, 2020.

Moody’s Investors Service yesterday extended its review for downgrade on Bank of Ceylon’s (BOC), Hatton National Bank PLC’s (HNB) and Sampath Bank PLC’s (Sampath) long-term local currency deposit and foreign currency issuer ratings of B2.

Sri Lanka’s countrywide inflation, as measured by the year-on-year (YoY) change in the National Consumer Price Index (NCPI), accelerated to 6.3 percent in June 2020, from 5.2 percent a month ago.

In an effort to drive the hard-hit tourism sector towards recovery, the Sri Lanka Tourism Promotions Bureau (SLTPB) has secured another no-cost partnership with media giant CNN, an American news-based pay-television channel, owned by CNN Worldwide.

Keells Food Products PLC (KFP) on Monday kicked off the June quarter earnings season, providing a glimpse of the extent to which the coronavirus-related lockdowns have affected the financial performance of the listed entities, particularly in the con