The International Chamber of Commerce (ICC) has called on governments across the globe to prioritise micro, small and medium enterprises (MSMEs) and stressed the necessary efforts must be taken to fully tailor to support such entities, in the context

BLOOMBERG: Sri Lanka’s dollar bonds have been the worst-performing sovereign notes in Asia this year. But BNP Paribas Asset Management and Union Investment Privatfonds GmbH say it might now be time to buy.

The COVID-19-induced downturn in the Sri Lankan manufacturing sector deepened during April as reflected by further contraction in the Manufacturing PMI, which recorded at an index value of 24.2, with a fall of 5.8 index points from the previous month

As Sri Lanka’s debt burden continues to mount alongside the pressures faced in reducing the implications of the COVID-19 crisis on the economy, Fitch Ratings said it expects the island nation’s debt to reach close to 100 percent of its gross dome

Colombo’s iconic landmark and the single, largest, private mixed development investment in Sri Lanka, Cinnamon Life by the John Keells group, has resumed construction after a lockdown since March 2020.

If there is one thing consistent about business, it’s the inconsistent dynamics of the environment.

With Sri Lanka being commended for its highly successful measures in containing the novel coronavirus, which led to a global pandemic, whilst many developed nations failed to do so, it’s an ideal moment for the country to be positive and turn this

Sri Lanka’s post-COVID-19 economic recovery policies must prioritise mitigating the hardship on masses, restoring economic stability and improving the investment climate for business with pragmatic policies instead of giving into vested interests a

The Monetary Board last week sent instructions to Sri Lankan operations of foreign banks against repatriation of profits and suspended share buybacks for all banks until the end of this year.

Nations Trust Bank PLC (NTB) had been building its loan book, albeit slowly before the pandemic forced the businesses to shutter, which put a strain on its operating performance for the three months ended in March 31, 2020, but the taxes taken off fr

Dialog Axiata PLC stood broadly intact during the quarter ended March 31, 2020 at the operating level, but said future revenues could be lower and profits could be sour from possible non-repayment of customer dues as the company extended credit and d

Sri Lanka Telecom PLC (SLT) reported steady revenues and strong operating profits for the three months ended March 30, 2020, although the telecom juggernaut is facing pressure on revenues, earnings and cash flows from delayed or at times no collectio

Fitch Ratings has assigned DFCC Bank PLC’s (AA-(lka)/Negative) proposed Sri Lanka rupee-denominated senior unsecured, unlisted debentures an expected National Long-Term Rating of ‘AA-(EXP)(lka)’.

Credit extended by banks to the private sector gathered steam in March after making early gains in February, showing initial signs that the Sri Lankan economy was off to a robust recovery after years of stagnation before being struck by the China ori

Bangladesh’s two bourses — Dhaka Stock Exchange (DSE) and Chittagong Stock Exchange (CSE) —have extended the ongoing closure till May 30 after the government extended its shutdown of offices to stem the spread of COVID-19, local media reports s

The recently released 2019 Central Bank annual report reveals that repatriation of profit by foreign-owned firms or foreign direct investment (FDI)-backed firms in Sri Lanka continue to increase. Profit repatriation (or dividend outflows) in 2019 has

The economic downturn caused by COVID-19 is the greatest economic calamity since the Great Depression and is disrupting the construction, operation and maintenance of infrastructure services globally. Throughout Asia and the Pacific, this could cause

On the one hand, when the coronavirus is proving itself as a nightmare to the whole world, on the other, it stood as a stroke of luck for Indonesia.

Taiwan Semiconductor Manufacturing Co Ltd, the biggest contract chipmaker, said it plans to build a US$ 12 billion factory in Arizona in an apparent win for the Trump administration’s efforts to wrestle global tech supply chains back from China.

Asian stocks edged up yesterday but were on course to end the week lower as deteriorating U.S.-China relations add to uncertainties over how fast economies can recover as they start to emerge from lockdowns.

With the emergence of COVID-19 in Sri Lanka, the country has seen far reaching social and economic consequences affecting the livelihoods of many individuals. Every country needs to act immediately to prepare, respond, and recover; and innovative min

The Securities and Exchange Commission (SEC) has made a move to broad base the Colombo bourse, and as a first step it set up a joint committee comprising the regulator and market operator.

The global economy could suffer between US$ 5.8 trillion and US$ 8.8 trillion in losses—equivalent to 6.4 percent to 9.7 percent of global gross domestic product (GDP)—as a result of the novel coronavirus disease (COVID-19) pandemic, says a new r

Sri Lanka’s trade deficit in the month of February widened by US$ 574 million as exports languished and imports rose, latest data released by the Central Bank showed.

The Colombo Tea Auction saw a total of 5.4 MnKg comprising of 9,304 lots come under the hammer this week, a dip compared to the 6.5 MnKg offered to the corresponding sale in 2019.

As Sri Lanka is eagerly looking forward to open its borders to get the national economy back on track, much of the efforts should be in positioning the country as a safe destination for which the airports must take effective measures to build confide

Sales at Sri Lanka’s monopoly cigarette player, Ceylon Tobacco PLC (CTC), fell during the March quarter (1Q20) due to excise-led price increases and business interruptions caused by COVID-19 lockdowns.

Weft-knitted fabric maker Teejay Lanka PLC has ventured into the manufacturing of Personal Protection Equipment (PPE) to cater to the growing demand in local and international markets as key apparel brands have pushed back orders by several months am

Eshana De Silva has been appointed to the board of National Development Bank PLC (NDB) with effect from May 14, 2020, and the board of directors thereafter appointed him as Chairman of the Board.

Although the impact on Keells Food Products PLC (KFP) by the coronavirus-induced business interruptions during the three months to March 2020 was modest, the company anticipates some deeper implications for the sale of its processed meat as the virus