The tea auction saw a total of 6.5 MnKg come under the hammer this week where the lot was met with fair general demand.

Taloslogy (Pvt.) Ltd, an information technology start-up company, declared open its new state-of-the-art development centre, in Moratuwa. Taloslogy is an agile organisation, which delivers rapidly changing IT services.

In its quest to continuously support Sri Lanka’s export industries and to keep the country connected with the global economy during the pandemic, the national carrier SriLankan Airlines has converted a wide-body passenger aircraft into a dedicated

Cabinet of Ministers has approved to extend foreign exchange controls on outward remittances for another six months to limit outflows to preserve foreign currency reserves while rolling back relaxing of certain regulations on inward remittances amid

Hemas Holdings PLC yesterday announced the appointment of Kasturi Chellaraja Wilson as Group Chief Executive Officer, effective October 1, 2020, succeeding Steven Enderby.

In another round of dollar funding, Sri Lanka raised US$ 100 million through Sri Lanka Development Bonds in multiple tenors, going up to 5 years at an auction held from June 19 to June 25 amid authorities ramping up borrowings as pandemic narrowed ot

The Asian Development Bank (ADB) retained its first place ranking in the 2020 Aid Transparency Index (ATI), an independent measurement of aid transparency released at the Brookings Institution in Washington, D.C.

Bank of Ceylon (BOC) announced the issuance of bonds with near characteristics to shares to bolster its additional Tier I capital by up to Rs.5.0 billion.

The Commercial Bank of Ceylon has announced a further lending rate cut, slashing rates by up to 2 percent on all categories of loans in a continuing effort to bolster businesses affected by the COVID-19 pandemic by providing affordable access to desp

In line with the government’s development programme and with the aim of uplifting the small and medium businesses adversely affected by the COVID-19 pandemic, People’s Bank has introduced a special loan scheme with an interest rate of just 6 perc

There could have not been a more opportune time for the SME sector in Sri Lanka than today with historically low borrowing cost, liquidity support, lower taxes and eased regulations but they could still be held back if the country’s technical and v

Kasturi Chellaraja Wilson was appointed as the Group CEO of Hemas Holdings PLC earlier today. She becomes the first female Group CEO of a public quoted conglomerate in Sri Lanka; effective from the 1st of October 2020. Effective 1st July 2020, Kastur

Sri Lanka will meet all its external debt obligations due in 2020 and would also regain access to international markets in the year that follows, albeit there could be some weaknesses persisting in the country’s external liquidity position even bey

Sri Lanka Tourism authorities said they were collaboratively exploring avenues of re-positioning the country as the world’s top destination with an excellent healthcare system, by introducing extensive health and safety protocols to ensure a ‘saf

Sri Lanka’s April merchandise trade data reflected some harsh reality, showing the stubborn reliance of the country on imports for food and beverages as Sri Lanka could not cut down on such imports as the bill on such goods further increased in the

The Central Bank yesterday said it had so far approved 13, 861 loan applications under the Phase-I of Saubagya COVID-19 Renaissance Facility loan scheme, totaling Rs.27.9 billion.

Elpitiya Plantations PLC, an associate company of Aitken Spence PLC recently entered into a shareholders’ agreement with Sim Leisure Group Ltd., a listed company in Singapore Stock Exchange, to develop and operate an adventure theme park under the

Sri Lanka’s premier professional association for bankers, the Association of Professional Bankers (APB) has expressed grave concerns over the arbitrary methodology followed by the government in removing the chief executive officers/general managers

The Asian Development Bank (ADB) has funded the construction and equipment of a new molecular polymerase chain reaction (PCR) laboratory at the Colombo East Base Hospital to support Sri Lanka in its response against the coronavirus disease (COVID-19)

Premier blue chip John Keells Holdings PLC (JKH) has secured a US$ 175 million long-term finding line from IFC, a member of the World Bank to mainly fund the expansion of its supermarket chain and to refurbish/expand its hotel properties in Sri Lanka

Sri Lanka’s consumer prices measured based on the broader National Consumer Price Index (NCPI) or national prices rose by 5.2 percent in the twelve months to May, marking a deceleration from 5.9 percent in April on the higher base that prevailed in

Janashakthi Insurance PLC Chief Executive Jude Fernando had notified the company’s board of directors of his intention to resign from his position of Director/CEO with effect from August 31, a stock exchange filing by the insurer said.

Local start-ups should critically re-evaluate current business models by taking into account the direction of the business in the short term, to add fresh impetus to the sector and greater emphasis from the government is required to position Sri Lank

Sri Lanka’s tea export earnings could potentially top US$ 1.5 billion this year, if the country’s banking sector and the government extends the required supportive measures to the industry including a competitive interest rate regime, according t

With the upcoming parliamentary elections in August, the government is urged to present a medium term budgetary framework balancing the contradictory objectives of an immediate need for counter-cyclical fiscal policy to bounce back from the COVID-19

The Colombo Stock Exchange (CSE) has announced changes in the S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices, at the 2020 mid-year index rebalance.

The prolonged curfew and lockdown measures introduced to contain the COVID-19 pandemic exposed the vulnerability of Sri Lanka’s food system.

Giving solutions to economic problems is a task which should receive a high priority to resolve socio-economic problems of the public. Giving a higher income to the hands of the people would resolve most of the problems in the society.

National carrier SriLankan Airlines expects to go forward as a leaner operation in the post-COVID-19 environment while trimming its debt exposure running into a billion dollars, according to its Chairman Ashok Pathirage.

The decisions that were taken last week to further support the economy by way of Central Bank liquidity were neither instantaneous nor a case of being succumbed to the president’s outburst but were measures that were well underway after extensive d