The government has so far raised Rs.311 billion to fulfil over Rs.2 trillion debt servicing obligations for this year, which includes US$ 4.5 billion in foreign debt servicing obligations.

The Sri Lanka Export Development Board (EDB) welcomes moratorium on debt capital and interest and concessionary working capital scheme extended to export-related enterprises that are adversely impacted by the COVID-19 pandemic.

Strategy 1:Return approximately 20 percent of the balances amounting to around Rs.500 billion of the Employees’ Provident Fund, lying to the credit of members, directly to the members.

Sri Lanka’s hard hit tourism sector has made a fresh appeal to the government to extend a new relief package to industry stakeholders in addition to what has been already proposed by President Gotabaya Rajapaksa.

The National Chamber of Exporters (NCE) yesterday said it offers services on its digital platform, a facility operational for several years to provide Certificates of Origin (COs) and related documents.

In view of the extension of the curfew by the Government, the Colombo Stock Exchange (CSE) yesterday said the CSE would remain closed for trading today (March 30). Accordingly, March 30th will be considered a market holiday.

The China Merchants Port Group (CMPort)— one of the largest port operators in the world donated 1000 pieces of protective suits to the Sri Lankan government to support the ongoing national mission against Coronavirus Disease 2019 (COVID-19) outbre

Sri Lankan workers at the frontline of battling the COVID-19 outbreak received close to half a million serves of food and beverage products from Nestlé, worth Rs. 15 million.

Stepping up its efforts to combat the COVID-19 pandemic, Hayleys Group subsidiaries- Haycarb PLC, Dipped Products PLC (DPL) and Eco Solutions delivered Rs. 10.6 million worth of urgently required medical and Personal Protective Equipment (PPE), towar

Global retailers including Adidas and H&M sparked outrage in Germany yesterday after announcing they planned to stop paying rent on stores that have been forced to close over the coronavirus outbreak.

Sri Lanka’s merchandise export earnings for the months of January and February was US$ 1.93 billion, a 3.6 percent decline from the same period last year, according to an Export Development Board (EDB) statement relea

The government has requested all Board of Investment (BOI) companies to pay the March and April salaries of their employees despite measures taken to shut down some idling factories and send their workers who were stranded since curfew was imposed, h

HONG KONG (AFP) - Asian equities mostly rose and the dollar extended losses yesterday, with traders buoyed by government and central bank pledges to prop up the global economy as the coronavirus sends countries into lockdown. Despite the painful toll

MAS Holdings Chairman Mahesh Amalean in a Twitter message yesterday stressed the seriousness of the COVID-19 crisis and its impact on Sri Lanka’s as well as the global economy. “In my lifetime, I have never experienced a crisis of this magnitude

The plantation and agriculture sectors are gathering steam to ensure the country’s demand for food is fulfilled at a time when almost the entire world is in a lockdown, an effort that would continue with th

Local dairy milk processor, Pelwatte Dairy Industries Ltd., while being highly concerned of the ongoing COVID-19 situation in the country, has ensured that they would continue to collect milk from local dairy farmers. The firm has made this pledge t

Minor International Company Limited (MINT), a multinational hospitality player that has operations in Sri Lanka, announced that its properties, Anantara Kalutara and Avani Kalutara, have been temporarily consolidated into a single operation, to reduc

(Paris) REUTERS: High-end fashion labels Saint Laurent and Balenciaga will start making face masks to ease shortages during the coronavirus crisis, their French parent group Kering said recently. Dwindling stocks of protective gear across France have

On March 12, the World Health Organisation (WHO) declared the new coronavirus, COVID-19, to be a pandemic. With cases in Sri Lanka reaching over a 100, the government of Sri Lanka has taken several measures to prevent the spread of this disease. One

Lockdowns, curfews and the call for self-isolation have all challenged those traders in essential goods, who have to get their product to the consumer through this maze of new regulations and restrictions.

As the coronavirus pandemic pushes India into a lockdown, the call centres and IT services firms that function as the world’s back office are struggling to piece together work-from-home solutions and other business-continuity plans.

Fitch Ratings yesterday revised Sri Lanka’s banking sector outlook for 2020 to ‘Negative’ from ‘Stable’ amid coronavirus pandemic posing increased risks to the anticipated expansion in the economy and credit demand, which according to ratin

Sri Lanka has to prepare for post COVID-19 era, where the way global economy works would change, former Central Bank Governor and current Senior Advisor on Economic Affairs to the Prime Minister Ajith Nivard Cabraal said.

Sri Lanka’s tourism authorities yesterday said arrangements are in place for international tourists to get to their home countries, and charter flights will be allowed to fly them out on request.

Sri Lanka is likely to qualify for bi-lateral debt relief as the World Bank Group (WBG) and the International Monetary Fund (IMF) on Wednesday in a statement to the G20 called on official creditors to suspend debt repayment from IDA countries to help

Keeping true to its long devotion to the best interests of its customers, Hutch yesterday introduced another key initiative ensuring continuity and access to telecommunication services at a time when the country is grappling with the COVID-19 crisis.

Supporting the nation that is using every means to combat the spread of the coronavirus (COVID-19) among citizens, Hemas FMCG donated a large quantity of personal care items to the Sri Lanka Army, recently.

Many responsible citizens have been joining in to support the efforts of the government to fight COVID-19 and the Abans group too has lent a hand.

The Ceylon Chamber of Commerce completed 181 years of serving the private sector and contributing to the national economy, on March 25, 2020.