First Capital Research expects the Sri Lankan economy to rebound starting from 3Q20 onwards and hit 2.4 percent growth for the full year if it can be re-opened gradually from the end of April provided the government’s strict guidelines on social d

Sri Lanka’s apparel sector is crumbling further as the prolonged curfew in place to contain the coronavirus outbreak, has placed the industry at a disadvantage with buyers choosing to divert orders to competitors due to lack of clarity as to when

As the economic fallout is becoming severe with the prolonged lockdowns in place to contain the spread COVID-19, the Sri Lankan government is likely to seek the support of the International Monetary Fund (IMF), but is awaiting the for the multilatera

Two economists recently vacillated between the current suppression strategy practiced by the Sri Lankan government by way of curfews and lockdowns and a mitigation strategy practiced in some East Asian countries to see which offered the best way forw

The Sri Lanka Tea Board (SLTB) is planning to carry out a promotional campaign globally on social media promoting Ceylon black tea as an immune booster to fight the coronavirus (COVID-19) disease.

The government and the Central Bank yesterday introduced further measures to preserve the foreign currency reserve position of Sri Lanka.

PricewaterhouseCoopers (PwC) expects Sri Lanka’s economic growth to fall below 2.0 percent, the lowest since 2011 with further pressure on Sri Lankan rupee amid coronavirus (COVID-19) pandemic.

As loan moratoriums came into effect and discretion given to banks to make modifications to payment terms and loan contracts with borrowers, ICRA Lanka said they revisited their default recognition approach, which otherwise places entities under defa

IFC, the largest global development institution and member of the World Bank Group, hailed PickMe’s agility in crises response and its effective, safe and reliable essential item delivery service during the COVID-19 crisis.

Focused on providing support and service during this challenging time, Nations Trust Bank (NTB) has commenced deployment of mobile ATM services to many areas in the Western province.

Fairfirst Insurance Managing Director and CEO Dr. Sanjeev Jha and company representatives met with Major General (Retd.) Kamal Gunaratne, recently. At this meeting, Dr. Jha conveyed gratitude for the immense commitment and dedication of the frontline

During this unprecedented moment in history, Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, committed to doing its part to support the Health Ministry’s response efforts, has come forward to donate a range of urgently required equi

During this time of crisis in our land, as well as globally, Sri Lanka’s apparel sector has taken up arms to equip our brave healthcare workers with the appropriate clothing as they serve in the frontlines of our battle against COVID-19.

Sri Lanka, as a developing country, is highly sensitive to both internal and external shocks. Today, Sri Lanka is facing a big challenge of controlling the spread of COVID-19, which is a global pandemic. Even though Sri Lanka is far better than other

Sri Lanka should engage with the International Monetary Fund (IMF) and explore other debt inflows to the country to retain the investor confidence on the economy as the selling rate of the US dollar crossed Rs.200 for the first time in the country’

The local tea industry is urging the government to increase the number of working days of relevant government departments to facilitate the necessary approvals for the export of tea.

Bunkering vessel Mt. Melody was docked at the Hambantota International Port (HIP) last week to discharge approximately 25,000 MT of oil into the port’s newly furbished tanks.

Softlogic Holdings PLC has announced salary cuts for all employees who are earning above Rs.50,000, in the range of 5 percent to 30 percent, as a measure to cope with the economic fallout of the coronavirus pandemic.

Moray Estate set an all-time record at the Colombo Tea Auction on April 4, 2020, with the sale of its BOPF grade of tea for Rs.1300 per kilogramme.

Global airlines warned that 25 million jobs across the world could be at risk from the coronavirus travel downturn and the industry’s representative body said airline finances were so fragile they could not afford to refund customers.

The Monetary Board’s decision to ease certain capital rules on banks in response to the coronavirus pandemic will release over Rs.50 billion from capital buffers for new lending, which otherwise would have been left idling.

National policymakers have been grappling on the right balance between lockdowns (total or partial) and maintaining a functioning economy to safeguard the livelihood of its citizens and viability of its corporate sector. Whilst no solution seems opti

With the impacts of the pandemic on food and nutrition being felt around the region, planning is needed to avoid higher food prices, decreased nutrition and reduced food security.

Dankotuwa Porcelain PLC, renowned for its luxurious and elegant porcelain tableware introduced the all new customized steam inhaler which is ideal for individuals affected by respiratory tract infections including COVID-19.

The national insurer, Sri Lanka Insurance, has taken many initiatives to pledge support to the government initiatives in the prevention of the spread of COVID-19.

Multiple initiatives are underway by Fonterra Brands Sri Lanka, the company behind Anchor, to support the country’s efforts to combat the COVID-19 pandemic and help sustain affected communities.

In aim to contribute towards the combat of the ongoing COVID-19 pandemic, Maliban Biscuits recently donated special cold storage facilities and highly essential medical equipment to treat infected patients, at the National Institute of Infectious Dis

How can you plan for the unpredictable? Join the Chamber Academy for a webinar with international trainer, certified transformative coach, and motivation specialist Fahad Farook on Planning for the Unpredictable, this Friday from 10 a.m. to 11 a.m.

The Colombo Tea Auction saw high demand for teas in its first-ever online auction kicked off last Saturday with prices soaring across all types of teas amid an uptick in global tea consumption.

As COVID-19 is expected to alter everything from geo-politics to national security to trade and industrial policies of countries, the Central Bank Governor Prof. W.D. Lakshman says the neoliberalism— the economic system, which shaped much of the wo