Educating girls is very important for a prosperous world. It has a snowballing effect as according to USAID, educated women are twice as likely to send their children to school. This increases the chances of girls being educated in future as well.

Just over a year ago, InvestChile – the South American country’s Foreign Direct Investment Promotion Agency – welcomed 300 foreign investors of 21 nationalities in Santiago. In a two-day event, they attended plenaries, workshops and over 200 me

Uber Eats has introduced an in-app tipping feature enabling users to tip their favourite restaurants as well as delivery partners, to support the industry during the ongoing COVID-19 pandemic.

Diversified conglomerate Aitken Spence PLC expects a significant negative impact on its revenue and profits in the first and second quarters of the financial year 2020/21, due to the adverse impacts stemming from the COVID-19 pandemic, in particular

Equity markets rallied yesterday as countries eased coronavirus lockdown measures, but oil prices tumbled as a supply glut offset output cuts.

The Telecommunication Regulatory Commission of Sri Lanka (TRCSL) said it had come to notice that illegal DTH connection service providers (DTH service/Dish TV) are advertising through social media platforms.

Cable manufacturer Sierra Cables PLC expects an over Rs.1 billion hit on its top line from the impact of the COVID-19 pandemic, though the company expects to mitigate the impact with the potential government tenders and exploiting new market opportun

Hundreds of Bangladesh’s garment factories defied a nationwide coronavirus lockdown to reopen on Sunday, raising fears the industry’s vulnerable and largely female workforce could be exposed to the contagion.

As COVID-19 is altering almost everything including how people shop for their day-to-day needs, some chief executives expect such changes are here to stay even after the pandemic passes and therefore, they are making some crucial changes to their bus

The worker remittances were recorded at US $ 527.3 million for the month of February, slightly higher than US $ 500.5 million received a year ago, the Central Bank data showed.

Sri Lanka’s small and medium-scale apparel exporters regret that they are yet to receive the relief package announced by the Gotabaya Rajapaksa-led government and it has caused several cash-strapped SME exporters to run into difficulties in paying

Tourist arrivals to Sri Lanka plunged in March and earnings slumped as COVID-19 continues to decimate the tourism sector, which accounts for 12.5 percent of Sri Lanka’s gross domestic product (GDP), according to World Bank estimates.

Dialog Axiata PLC, pledged Rs.200 million for urgently required ICU capacity development in hospitals selected by the Ministry of Health (MOH).

The local construction sector is set to slump further with its pleas to the government to release due payments, which are in excess of Rs.50 billion, continuing to fall on deaf ears.

The Colombo Tea Auction cleared 5.2 million kilograms of tea at the third e-auction concluded last Friday, despite an increase in unsold teas.

The Monetary Board of the Central Bank has granted approval to Union Bank of Colombo PLC (UBC) to cease its operations as a primary dealer with effect from May 1, 2020.

First Capital Research said their projections point to a decline in Sri Lanka’s banking sector profits in 2020, the third consecutive year in a row, gives rise to a rare phenomenon seen in two decades as the sector is seen capitulating in front of

While welcoming the government’s move to increase the number of tests carried out to detect COVID-19 with the help of the private sector, the Colombo-based think tank called for the removal of the price controls on testing.

Seven years ago, one of the worst industrial disasters in history — the collapse of an eight-story commercial building in Rana Plaza, Dhaka — demonstrated to the world the heavy price of producing cheap clothing to fuel the ‘fast fashion’ ind

Asia was hit hard by the first wave of the coronavirus, as the sudden stop in activity struck households and firms simultaneously—first in China, then elsewhere in Asia and now globally. Policymakers responded swiftly with aggressive spending to su

Over the past few months, educational institutions around the world – from elementary schools to colleges and universities – have been forced to embrace distance learning. It’s now estimated that 70 percent of students are currently doing some

Stock markets slid yesterday following more crushing economic data and a hit to hopes of finding a coronavirus vaccine, analysts said.

The Food Security Information Network (FSIN) asserted it is of paramount importance for governments across the world to better understand the impacts stemming from the coronavirus (COVID-19) pandemic and stressed the need to urgently work towards tak

People’s Bank’s mobile banking unit, which was launched with the objective of bringing banking services to the doorstep of customers who were unable to visit the bank due to the curfew situation caused by the coronavirus pandemic, was successfull

Hiran Perera, Director Group Treasury, Softlogic, has been appointed to the Board of National Development Bank PLC (NDB) with effect from 23rd April 2020.

The Chamber Academy of the Ceylon Chamber of Commerce will be hosting a webinar with licensed psychologist, George F. Rhoades Jr. Ph.D, on how to handle personal stress, and the stress of employees, customers, and clients in a time of natural disast

The global economic shock of the COVID-19 pandemic has driven most commodity prices down and is expected to result in substantially lower prices over 2020, the World Bank said in its April Commodity Markets Outlook.

Fitch Ratings yesterday downgraded Sri Lanka’s Long-Term Foreign and Local Currency Issuer Default Ratings (IDR) to ‘B-’, from ‘B’ with a Negative Outlook, saying that the shocks from the coronavirus pandemic will aggravate the risks associ

Sri Lanka Ports Authority (SLPA) assures that all imported containers at Colombo Port are free of any terminal rent from March 16, 2020 to April 9 and in addition SLPA-operated Jaya Container Terminal has also exempted their imported containers from

The National Association for Professionals in Tourism (NAFPT) along with Tourist Police Division of Sri Lanka has launched a campaign for foreign tourists who are currently stranded in Sri Lanka due to the COVID-19 pandemic, under the guidance of Sri