The plantations industry continues to offer employment to about 140,000 directly employed and to almost 1.5 million dependents during the countrywide shut down, owing to the COVID-19 pandemic.

The Central Bank flat out rejected the notion propagated by certain parties with ideological bias that attempt to always showcase money printing as bad and said those were the ones who were ignorant of the role of the Central Bank.

Sri Lanka’s banking sector asset quality measured by the gross non-performing loan (NPL) ratio edged up to 5.1 percent during the first three months of 2020, from 4.7 percent at end-2019, broadly in line with the expectations, the latest Central Ba

Sri Lanka’s apparel sector is showing signs of recovery from the impacts of the pandemic, with the lockdowns being carefully lifted world over but the industry players expect to receive a new hit come July, as demand for safety gear, which has help

Expo 2020 Dubai is gearing up to help shape a post-pandemic world and create a better future for all, after a two-thirds majority of the Bureau International des Expositions (BIE) member states voted in favour of postponing the next World Expo by one

Sri Lanka has the third worst pension system among 70 nations, in terms of sustainability and adequacy, according to the latest Allianz Group Pension Index (API).

Asian equities mostly rose yesterday as long-running optimism over the reopening of economies overcame early profit-taking to extend a rally across world markets. Sydney and Hong Kong were the standout performers, with traders picking up the baton fr

The COVID-19-related lockdowns and the continuing need to follow social distancing rules even once the lockdowns are lifted, mean that we will not be going back anytime soon to what it was like in the pre-pandemic days. For businesses, this means an

The Colombo Port City will witness the injection of an additional investment with its project developing company, China Harbour Engineering Company (CHEC), coming forward to pump in a further US $ 1 billion.

The World Bank (WB) Group projects Sri Lanka’s GDP to contract by 3.2 percent this year and to remain flat at zero percent next year, underscoring that a V-shaped recovery is unlikely for the country from the coronavirus-induced recession.

IFC, a member of the World Bank Group, is providing a US $ 50 million loan to Commercial Bank of Ceylon (ComBank), Sri Lanka’s largest private bank, to help small and medium businesses in the country deal with the adverse economic impacts of COVID-

Fitch Ratings has revised the National Long-Term Rating of Sunshine Holdings PLC to ‘A(lka)’, from ‘A-(lka)’ and has simultaneously affirmed its Outlook Stable.

The government has extended all visas of foreigners in the country till July 11, as many were unable to get an appointment before the previous deadline of June 11, the country’s immigration office said.

Sri Lanka’s lubricant market leader, Chevron Lubricants Lanka PLC, plans to grow its exports aggressively to Bangladesh and the Maldives, as the export volumes to Bangladesh hit an all-time high in 2019.

People’s Bank has reduced the interest rate of the ‘Aswenna’ loan scheme, a unique product that is aimed at creating a self-sufficient nation, with immediate effect.

We implemented a proper methodology to defeat the threat of the coronavirus (COVID-19). Our next requirement is to win the economy by following an appropriate similar mechanism to overcome economic problems.

Sri Lanka has reported 1730 cases of COVID-19 as of June 3. The authorities and the medical staff have responded effectively to the crisis and need to say on course. The effort is being acknowledged in the region as an example. The challenge from now

Central Bank Governor Prof. W.D. Lakshman issuing a special statement yesterday assured the resilience of Sri Lanka’s financial system and all possible measures taken by the Central Bank to ensure the safety of the deposits of the general public.

Coronavirus may have disrupted supply chains around the world and caused widespread economic pain but the pandemic is slowly re-setting the global world order which dominated manufacturing and trade for half a century, foreign entities have been forc

Coming August, Sri Lanka will open its doors to tourists from across the world, a step it will take by having in place strict safety guidelines and precautionary measures against the COVID-19 threat.

The MarCom Collective has commissioned Ernst and Young Sri Lanka (EYSL) to undertake a comprehensive study on the country’s marketing communications industry and its contribution to the Sri Lankan economy.

Worries continue to deepen for the local apparel sector with the concessionary loans under the emergency COVID-19 refinance scheme not being released yet despite the government having made the announcement nearly two months ago.

If there has been any growth in Sri Lanka’s life insurance business so far, that is mostly owed to its agency network that relies on human interaction for policy sales, but that very human interaction has now tuned in to a potential deterrent to ge

Significantly reduced volumes from customers and disruptions to the supply chains due to the coronavirus, of which Expolanka began to feel from as early as January, undermined the company’s performance in the quarter ended March 31, 2020.

The Peace Ambassador, Dr Varun Gupta believes that children of all genders, social backgrounds, nationalities, and ages are harassed, smacked, tortured, and also killed with an accelerated algorithm since recent past. Violence against children is tak

Standard Chartered announced this week that MAS Intimates (Pvt) Ltd., a division of MAS Holdings, became the first company in South Asia to complete a drawdown under the bank’s US$ 1 billion COVID-19 financing commitment.

Encouraged by the recent move to re-impose special commodity levy on canned fish imports, Sri Lanka’s canned fish manufactures say that the country could commence exporting canned fish products within two years with the right backing of the governm

Asian shares rose to a two-month high yesterday as expectations of further government stimulus supported investor confidence in an economic recovery from the global coronavirus pandemic.

Cinnamon Hotels & Resorts has implemented a series of safety protocols taking a holistic approach to sanitation across all hotel spaces.