Well known private sector executive Rajiv Meewakkala, who also has experience in the public sector, is to take reins from Suresh Shah to become the CEO of Sri Lanka’s largest brewer, Lion Brewery PLC.

Securities and Exchange Commission (SEC) Chairman Viraj Dayaratne PC paid a courtesy call on Central Bank Governor Professor W.D. Lakshman recently. He was accompanied by SEC Director General Chinthaka Mendis.

China’s coronavirus travel ban is wreaking havoc among foreign companies and international schools, with many fearing for their future as executives, teachers and students are left stranded in their home countries.

Sri Lanka’s gross official reserve lost US$ 715.92 million during May to end the month at US$ 6,493.6 million, but the rupee continued its ascend against the US dollar, alleviating concerns of a possible run on the rupee amid controls on certain im

Thailand will open ‘travel bubbles’ with countries which have comparably low coronavirus infections, officials said yesterday, as the kingdom tries to claw back money for its battered tourism sector.

Chinese e-commerce giant JD.com said yesterday it raised HK$30.1 billion (US$ 3.9 billion) in its Hong Kong initial public offering, making it the world’s second-biggest so far this year.

Britain will apply “light-touch” border checks on goods from the European Union when the Brexit transition period ends this year so as to help firms hit by the coronavirus crisis, reports said yesterday.

German Chancellor Angela Merkel and the Presidents of Botswana, Colombia, Costa Rica, Ethiopia will join dozens of Chief Executive Officers and UN chiefs at the United Nations Global Compact Leaders Summit next week to address the private sector’s

Equities and oil sank yesterday while the dollar rallied as investors ran for the hills following the worst Wall Street rout since March, fuelled by worries about the economic recovery and a second virus wave in the US.

The inquiring committee appointed to investigate alleged irregularities in the ETI Investments met President Gotabaya Rajapaksa at the Presidential Secretariat this week.

People’s Bank has stepped forward to boost the government’s efforts to rebuild Sri Lanka while providing eligible individuals and organisations with a significant investment opportunity by introducing the People’s Bank Special Deposit Account (

Sri Lanka is among top ten destinations that the outbound tour operators of Gulf Cooperation Council (GCC) countries are planning to actively promote from July when air travel returns with the relaxation of COVID-19 related restrictions, a survey con

Sri Lanka’s tea industry that has been in existence for over 150 years has certainly captured the world with its rich aroma. However, it continues to follow its old ways and that has led to a slowdown.

In what could be termed as a long overdue regulatory reform to the country’s financial system, the authorities are now working to enact new laws to regulate the informal money lending business to protect people who often fall victim to those indivi

The total externality cost (social and environmental damage) due to the emission of greenhouse gases by (GHGs) by Lak Vijaya Coal Power Plant (LVPP) in Norochcholai has reached Rs.36.6 billion (US$ 244 million) per annum, while burdening the local ec

As Sri Lanka is highly vulnerable to external shocks, such as those stemming from climate change and natural disasters, senior economist and former Central Bank Governor Indrajit Coomaraswamy stressed it is essential for the country to look at buildi

World stock markets sank anew yesterday as the US Federal Reserve warned over the “highly uncertain” economic outlook due to the coronavirus pandemic -- and investors eyed fears of a second wave of the killer disease in the United States.

Central Bank’s top researcher recently revealed how external agencies, including that of the World Bank, International Monetary Fund (IMF) and rating agencies project doomsday scenarios for the Sri Lankan economy even when the country is rapidly re

The immense health crisis created by COVID-19 has also rapidly caused a global economic crisis, threatening small, and medium sized enterprises (SMEs) and the livelihoods of workers in Sri Lanka and around the world.

The Hotels Association of Sri Lanka (THASL) yesterday thanked the government and particularly Sri Lanka Tourism for granting a wage support scheme for employees of the hotel industry and concessions for the payment of utilities.

The Maldives is reopening to visitors but while anyone with a super yacht or private jet can already head to the Indian Ocean destination, normal travellers will have to wait a few more weeks.

Businesses across all sectors in the country have massively cut down or completely frozen job postings in the recent months and despite the economy being reopened for nearly four weeks, no real recovery is seen in industries creating job opportuniti

Piramal Glass Ceylon PLC (PGC) said it incurred a loss of sales to the tune of Rs.450 million, including exports worth of Rs.200 million, during the month of March, due to the closure of operations amid COVID-19 lockdowns.

The Asian Development Bank (ADB) has approved a US $ 3 million grant from its Asia Pacific Disaster Response Fund (APDRF), to further assist Sri Lanka in its response to the novel coronavirus disease (COVID-19) pandemic.

The Sri Lankan gig platforms are at a disadvantage over their foreign counterparts, who have their operations here, as the former comes under regulatory scrutiny and local tax laws while the latter is not, says the Central Bank.

An agreement was signed by the Government of Sri Lanka with the Government of Germany yesterday to obtain a technical assistance grant of euro 11 million, to implement two projects pertaining to vocational training and SME development.

The construction activities of the multibillion dollar Colombo Port City (CPC) is expected to resume work in full swing from mid-July onwards, as more workers return to work with the gradual easing of COVID-19-related restrictions in Sri Lanka.

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Lieutenant General Shavendra Silva, Chief of Defense Staff, Commander of the Sri Lanka Army, and Head of the National Operational Center for Prevention of COVID -19 addressed the monthly committee meeting of the Ceylon Chamber of Commerce on ‘The s

Although Sri Lanka performs well in most health indicators, child nutrition remains a major issue. According to the Demographic and Health Survey (DHS) 2016, in Sri Lanka, more than 20 percent of children under five years, are underweight.