The government is in discussions with China Development Bank (CDB) to obtain a loan up to US$ 2 billion with a likely 10-year tenor, which could be finalised within weeks, CB Senior Deputy Governor, Dr. P. Nandalal Weerasinghe revealed.

Central Bank (CB) has set up clear targets for the 20 odd non-banking sector financial institutions facing liquidity issues, to be achieved during next 3-6 months.

The government is to appoint an expert committee for the issuance of broadcasting and telecasting licenses, the Cabinet office said.

The Export Development Board (EDB) yesterday said due to the effects felt by the supply chains of Sri Lanka’s key export sectors from coronavirus (COVID-19), achieving the US$ 18.5 billion export target set for this year is in quandary.

The government plans to bring hotels and tourism related assets held by various State-owned agencies and institutions under one holding company to stop the practice of pumping in taxpayer monies to such assets.

Fitch Ratings has assigned Ceylon Electricity Board’s (CEB: AA+(lka)/Negative) proposed senior unsecured debenture issue of up to Rs.20 billion a National Long-Term Rating of ‘AA+(lka)’.

The Central Bank (CB) is contemplating to initiate action against banks which impose various charges on their customers without public disclosure.

Tourist arrivals to Sri Lanka sharply declined by 17.7 percent Year-on-Year (YoY) in February to 207,507 mainly driven by a record decline in arrivals from China due to COVID -19 outbreak while the arrivals from other key markets also dropped fuelled

Sri Lanka tourism, just raising its head after last year’s 21/4 terrorist attacks, is now facing what could possibly be the worst evert crisis to hit world tourism ever- The New coronavirus epidemic ( CoVid-19).

The representatives of Sri Lanka’s apparel sector will meet today to assess the impact of the coronavirus (COVID-19) outbreak on the industry, which is also in fear of going out of work in the immediate term, Mirror Business learns.

Senkadagala Finance PLC yesterday acquired Candor Asset Management, a unit trust and asset management firm, from Eagle Proprietary Investments Limited (EPIL), the Dubai-based financial investment arm of National Industries Group (NIG), according to a

Sixteen Italians in India have tested positive for coronavirus, the Indian health minister said yesterday, as the total number of known cases in the country rose sharply to 28.

As Sri Lanka is gearing up for a parliamentary election, economists are stressing on the need to allocate ministerial portfolios in a more prudent manner so that the public finance management, amongst other areas, does not get hampered.

Multi Finance PLC has long been eying a capital injection running into at least a couple of billions, which will help it to come out from the Colombo Stock Exchange’s (CSE) Watch List and to meet the enhanced regulatory capital requirements.

Colombo Dockyard PLC swung to a loss in the quarter ended December 31, 2019 (4Q19), as the firm’s shipbuilding operations lost money and the ship repairing business lost steam amid the escalation of costs.

The government has decided to increase the low-interest loan amount offered to the borrowers of microfinance loans, who were charged with extremely high interest rates, by Rs.20,000 to Rs.60,000, the Finance, Economy and Policy Development Ministry

The popular YouTube channels of Chooty Malli Podi Malli, Lakai Sikai & Janai Priyai that disappeared yesterday have resurfaced and the YouTubers have released videos explaining what happened.

Many affluent Chinese fearful of being infected by the coronavirus and being quarantined by the state are staying home. Many companies and countries around the world are linked to the Chinese economy, which is likely to have far-reaching consequences

With the new regulatory changes now taking place on the basis of the European Union’s (EU) Renewable Energy Directive (RED) II of 2018, Indonesia and Malaysia are trying to come to terms with the implications for their global palm oil market strate

We live in a world full of possibilities but they’re not always open to everyone. While the number of women entrepreneurs worldwide has grown over time, women looking to start businesses still struggle to obtain adequate resourcing – funding, log

LankaClear, the operator of LankaPay denies recent rumours circulating in social media claiming that the security of ATMs of certain banks were compromised.

Sri Lanka’s export income increased marginally by 0.96 percent year-on-year (YoY) to US$ 1398.7 million in January 2020, according to Customs provisional data, as merchandise exports fell 7.4 percent YoY to US$ 961.2 million.

First Capital Research ruled out a possibility of back-to-back rate cuts by the Central Bank at the policy meeting scheduled for tomorrow, as the January rate cut is slowly taking hold as credit growth showing signs of picking up and inflation remain

Sri Lanka tourism braces for yet another setback amid the country’s health authorities banning the disembarkation of tourists from cruise ships while imposing a 14-day mandatory quarantine for all passengers arriving in Sri Lanka from Italy, South

Sri Lanka’s construction sector is set to receive a blow from the coronavirus (COVID-19) outbreak, as the fast-spreading deadly virus is seen derailing global supply chains, according to Chamber of Construction Industries (CCI).

The U.S. Federal Reserve cut interest rates yesterday in an emergency move designed to shield the world’s largest economy from the impact of the coronavirus. In a statement, the central bank said it was cutting rates by a half percentage point to a

First Capital Research foresees tremendous upside for Sri Lanka’s banking sector in 2020 with a 42 percent return yielding over a year and revised its ‘Hold’ advice to ‘Buy’ with Commercial Bank, Hatton National Bank and Sampath Bank cited

In a few decades, nearly a fourth of the people in Sri Lanka will be over 60 with the vulnerable 80-year-old and above population increasing quickly.

Coca-Cola was born in Atlanta, Georgia in 1886, exactly 19 years after James Taylor planted tea in Loolecondura estate, Deltota in Kandy district.

Mahindra India, together with Ideal Motors Sri Lanka, has assembled and rolled out 40, ‘KUV100 NXT,’ the first ‘Make in Sri Lanka’ cars from their assembly facility in Welipenna. Forty more cars are now on sale, signaling a historic land mark