Crude oil tanker ‘Marine Hope’ sailing under the Marshall Islands flag called at the Hambantota International Port (HIP) for repairs recently.

Catering to the rapidly increasing demand for digital payment solutions Hatton National Bank PLC(HNB) and Lanka IOC PLC recently launched phase 1 of contactless payment options via the Solo Digital Payment App by HNB at 41 Lanka IOC petrol sheds acro

Following the recent update from Melsta Hospitals – Ragama, where a staff member was tested positive for Covid-19, it has now been confirmed that all other staff members of the hospital who were identified as the first line of contact have tested n

Almas Organisation (Pvt) Ltd. along with its connected party, Carlines Holdings has increased their combined stake in Sierra Cables PLC to over 10 percent with the recent purchase of 2.25 million shares of Sierra Cables, according to a stock exchange

Taking into consideration the potential adverse impact of COVID-19 pandemic on the country’s tourism sector, the Central Bank (CB) has extended the six-month moratorium on loans of tourism sector businesses and individuals by a further six months.

Stock markets pulled back yesterday as investors, weighing hopes for a coronavirus vaccine against fears of new waves of infections, consolidated recent gains.

The aim of creating a digital ideology for Sri Lanka has at its roots the empowerment of its people. The purpose of this exercise is to develop an indispensable medium where individuals can live out their relations, according to a social structure

Since the outbreak of the pandemic, Hatch began offering its services online, including the Hatch Open House mentorship programme.

Since the lockdowns were lifted in mid-May, Sri Lanka’s economy appeared to have gathered steam with the recommencement of manufacturing activities amid improving order books and pent-up demand.

The Sri Lanka Tourism Development Authority (SLTDA) has created a provisional licensing method to assist SME tourist service providers, enabling them to obtain the COVID-19 health certification to host tourists once Sri Lanka opens its borders.

The Central Bank yesterday announced the assumption of duties of three new members—Sanjeewa Jayawardena PC, Dr. Ranee Jayamaha and Samantha Kumarasinghe— as serving members of the Monetary Board of the Central Bank of Sri Lanka (CBSL).

Sri Lanka’s non-bank financial institutions (NBIFs) yesterday urged the policymakers and regulators to recognise their role facilitating economic growth and financial inclusiveness, particularly with regard to the country’s SME sector.

National telecommunication services provider Sri Lanka Telecom PLC (SLT) will deploy a fibre-to-the-home (FTTH) network, based on Nokia’s fibre technology.

A mutual fund, which invests primarily in the shares listed on the Colombo Stock Exchange (CSE), has sought the consent of the unit holders to delay the exit date of the fund, as the pandemic erased much of the value of the stocks, impacting the net

Standard Chartered Sri Lanka yesterday announced Brandix as the latest company to complete a drawdown from the bank’s global US $ 1 billion COVID-19 financing commitment, underscoring its ongoing efforts to support local businesses in the pandemic

Chitra Sathkumara, CEO/Executive Director of Ceybank Asset Management Ltd, managers of Ceybank Funds, retired yesterday after 27 years at Ceybank.

The COVID-19 pandemic is accelerating the changes underway since the global financial crisis (GFC) in 2008. It is ushering in a new era of deglobalisation and protectionism — a new mercantilist world order. Three global shifts will likely shape int

President Gotabaya Rajapaksa addressing the International Labour Organisation (ILO) Global Summit on ‘COVID-19 and the World of Work – Building a Better Future of Work’, said the skills sector in Sri Lanka requires a rethinking and re-engineeri

Accelerated by COVID-19, the rapid shift to a much more digital world is having a profound impact on all aspects of our lives: how we shop, how we interact, how we work and how we do business.

The extremely dovish monetary policy and liquidity injections into the system may be required to resuscitate the pandemic-hit economy, but that should not undermine the strength and stability of the financial institutions as excessive credit could in

The Acting Indian High Commissioner in Sri Lanka has agreed to fully support Sri Lanka’s bid to obtain US$ 1.1 billion from Reserve Bank of India (RBI) under a proposed special SWAP facility to strengthen the country’s foreign reserves.

The State-imposed temporary import restrictions are likely to have a considerable impact on Sri Lanka’s consumer durables market over the short-to-medium term, says Singer (Sri Lanka) PLC.

Sri Lanka’s apparel sector, which has been undergoing an extremely tough time due to the economic malaise created by COVID-19 pandemic, is yet to see any light at the end of the tunnel with little orders coming from international buyers.

Sri Lanka’s industrial production in the manufacturing sector has recorded a strong rebound in May as lockdown measures were relaxed starting from the month, although well below the pre-COVID-19 levels, according to the Index of Industrial Producti

Sri Lanka’s Department and Census and Statistics (DCS) says the agency is facing delays in releasing first quarter GDP statistics for the year as it’s still in the process of verifying the data submitted by certain State agencies.

The Asian Development Bank (ADB) will hold the second stage of its 53rd Annual Meeting as a virtual event on September 17 and 18. The event will include a formal business session and selected knowledge events.

The Treasury has started to issue letters of confirmation for unresolved bills payable by the government for the service providers, suppliers and contractors in order for them to obtain loan facilities from commercial banks against these unresolved p

In what has been recognised as the world’s largest educational crisis, the spread of COVID-19 has resulted in a record number of students being forced to stay away from schools and universities.

By It was James Carville the political strategist behind Bill Clinton’s rise to the US Presidency who introduced the phrase “It’s the economy, stupid” to the lexicon of political campaigning. He made this comment to draw the focus of his camp

Across Asia, the issue of food security perpetually hovers over numerous poor and working class households. Many global social organisations list malnutrition as a major regional challenge, with several estimating that Asia houses 67 percent of the w