The Securities and Exchange Commission (SEC) is proposing to set up a joint committee with the Colombo Stock Exchange (CSE) to identify the mechanisms required for the country’s stock market to operate its core functions digitally and enable cleari

The Central Bank (CB) has cautioned that the possible delays in presenting the government budget for 2020 would limit the space for implementing new fiscal measures for 2020, which are considered to be crucial to avert the adverse impact stemming fro

Sri Lanka’s ecommerce space is set to boom in the coming years, a consumer sector analyst said, as the prolonged curfew that is in place to control the on-going pandemic has led consumers to explore the online experience more aggressively, which ot

Sri Lanka’s largest listed firm, John Keells Holdings PLC (JKH) expects the COVID-19 pandemic to overshadow its first and second quarter performances of FY21, but assured that the diversified conglomerate has sufficient cash reserves and banking fa

Sri Lanka Agripreneurs’ Forum calls for President Gotabaya Rajapaksa’s intervention to implement ‘National Agri Enterprise Resource Planning (ERP) System under a proposed National Steering Committee for agriculture with majority private sector

The Italian government yesterday announced a slew of new measures to save its struggling economy amid fears the coronavirus pandemic could force a contraction of more than 10 percent of gross domestic product this year.

Swift measures by the Central Banks in easing monetary policy will help banks in Sri Lanka to have access to funding requirements and liquidity although the operating context is turning more dour, said Moody’s Investors Service.

Equities rallied again yesterday and oil prices built on the previous day’s surge as investors began to see a glimmer of light at the end of the tunnel in the fight against coronavirus, following news of a possible breakthrough in the search for a

Henry Kissinger, in one of his infrequent statements says, “When the COVID-19 pandemic is over, many countries’ institutions will be perceived as having failed.

Before any business can make a crucial step forward in the transformation of their digital efforts, a paramount importance is placed on understanding and deriving even more insight from data than ever before.

At the time of writing this article, we have completed 5 weeks of curfew and lockdown in Sri Lanka due to the Covid-19 pandemic. The overall economy has been impacted due to this pandemic with small businesses being hit the most.

The Central Bank (CB) says the implementation of a coherent policy framework for surveillance and quarantine is essential to restrict future cross-border transmission of diseases to the country via movements of people and goods, as evidenced by the r

In a bid to assist the revival of the construction sector that has been badly hit by the economic woos induced by the coronavirus, the industry has called on the government to prioritise kick starting the construction projects no sooner some normalcy

Sri Lanka may recalibrate its sourcing of pharmaceutical drugs as the country seeks to reduce its over-reliance on pharmaceutical imports amid the government-imposed controls to preserve foreign exchange in its battle against COVID-19.

The Association of Private Hospitals and Nursing Homes (APHNH) in a statement said it would extend all possible assistance to the national operations programme to control the COVID-19 outbreak, in conducting the much-needed PCR tests, to help control

As the behaviour of future travellers in the post-COVID-19 era is expected to be different, Sri Lanka’s hospitality sector is preparing to welcome them by retraining its staff, according to a leading resort chain in the country.

Sri Lanka’s merchandise export earnings in March plunged a record 42 percent year-on-year (YoY) to US $ 646 million, with the COVID-19 pandemic spreading across the country’s key export markets coupled with disruptions to supply chains, according

Former Central Bank Governor and present Senior Economic Advisor to Prime Minister Ajith Nivard Cabraal is proposing the setting up of a fund syndicated by a group of investors to provide liquidity support to those companies battered by the mandatory

According to Moody’s Investors Service, Sri Lanka’s government has sought US $ 800 million from the International Monetary Fund (IMF) over the next two years, under the latter’s Rapid Financing Facility, as the government is reorienting its ext

Grade5.lk, the leading digital platform for grade 5 exam training, signed a long term partnership agreement with Wijeya Newspapers Ltd.

The Central Bank (CB) expects Sri Lanka’s economic growth to decline to 1.5 percent this year from 2.3 percent in 2019, possibly avoiding a coronavirus-induced recessions, although with severe impacts across sectors causing hardships for all stakeh

Sri Lanka’s exporter community pleads with the government to lend a hand in support to sustain its workforce, as the sector’s financial position due to the global coronavirus (COVID-19) crisis continues to worsen making it difficult for export b

The coronavirus-induced economic pain will weaken the operating environment for Sri Lankan banks, dampening the demand for loans and triggering widespread defaults in 2020, said Moody’s Investors Services extending its negative outlook for the sect

Sri Lanka’s market leader in lubricant sales, Chevron Lubricants Lanka PLC says it has adequate cash flows to continue seamless operations overcoming the expected hit on its financial performance from the prevailing negative business environment ca

The clearance of cars at the Hambantota Port is slow, and the port is concerned that they would not meet the April 30th deadline for clearing imported vehicles.

Determined to get back on track despite being badly hit by the ongoing pandemic, a senior representative of the apparel industry said the sector players are continuing to explore avenues to keep the work flow active while understanding that getting t

Fitch Ratings has downgraded the rating on SriLankan Airlines Limited’s (SLA) US$ 175 million government-guaranteed 7 percent unsecured bonds due on 25 June 2024 to ‘B-’, from ‘B’.

The COVID-19 pandemic has already claimed thousands of lives worldwide. As expected with any respiratory illness, there is clear evidence that smokers are much more vulnerable to COVID-19 than non-smokers.

I have been saying for a while that this is a “crisis like no other”. It is: