Central Bank Governor Dr. Indrajit Coomaraswamy has hinted a strong possibility of a policy rate cut at the next monetary policy review, as he sees “a strong case for relaxing monetary policy.”

REUTERS: Sri Lanka is unlikely to hit its full-year economic growth target of 3-4 percent following the Easter Sunday bombings, junior finance minister Eran Wickremeratne told Reuters yesterday.

Hayleys PLC saw the gains made at the top line getting pared as the conglomerate’s massive debt load continued to weigh on any progress made by its diverse business interests during the March quarter (4Q19), the interim financial accounts showed.

Prices countrywide measured by National Consumer Price Index (NCPI) rose 3.6 percent in the 12 months to April, accelerating from 2.9 percent in March, due to price increases of both food and non-food categories, the Central Bank said.

Two leading Colombo schools have implemented a digital learning system in collaboration with Headstart (Pvt.) Ltd in order to supplement students’ classroom education, as well as to be able to keep students engaged in learning during times when sch

Over the past five years, online shopping has become an increasingly popular option for Sri Lankan consumers.

On May 13, 2019, Facebook revealed that an ‘advanced cyber actor’ has been spying on some users of its ridiculously popular WhatsApp messaging app, thanks to zero-day vulnerability that allowed hackers to install spyware, silently, just by callin

Spatial data sets are collected by number of government organisations to support their business processes in Sri Lanka.

Aventude, the latest Sri Lankan-based digital transformation services company recently announced that it is entering into a strategic partnership with Infront Asia Pacific, an award winning pioneer regional specialist in cloud and data centre consult

Sri Lanka’s apparel industry led by the Joint Apparel Association Forum Sri Lanka (JAAF) recently rolled out an image-building media campaign aiming to transform the negative stereotypes on the female employees in the apparel industry, with a view

For centuries, human beings have waged a relentlessbattle againsta litany of diseases that have ravaged countless generations.

The escalation of tit-for-tat tariffs between the United States and China is now in the danger zone. Surely, reason will ultimately prevail. At least that is the common refrain in the echo chamber, especially in light of the dark history of earlier t

Sri Lanka is continuing to attract global support for the quick revival of its tourism industry which took a heavy blow following the terrorist attacks last month.

Indian Oil Corporation (IOC) owned Lanka IOC (LIOC) announced changes at the top management with the appointment of Manoj Gupta as a new managing director who assumed duties on May 20, 2019, and succeeds Shyam Bohra who has completed his tenure and h

Sri Lanka’s foremost producer of cement, Siam City Cement (Lanka) Limited (SCCCL), known as INSEE Cement, announced changes to the composition of the company’s board of directors on May 15.

Fitch Ratings has affirmed Sri Lanka-based conglomerate Richard Pieris and Company PLC’s (RICH) National Long-Term Rating at ‘A(lka)’ with a Stable Outlook. The affirmation of RICH’s ratings reflect the group’s substantial defensive cash fl

REUTERS: Sri Lankan shares closed higher for a third straight session yesterday, moving further away from a near seven-year closing low hit last week, as local investors bought beaten-down stocks.

The United Nations Development Programme (UNDP) and Citi Foundation, with the collaboration and support from the Science and Technology Ministry and the Viet Nam Volunteer Centre, opened the second Asia Pacific Youth Co:Lab Summit, in Hanoi yesterday

In an effort to drive support for gender equality in the workplace, iconic Sri Lankan multinational, Hayleys PLC, hosted an employee workshop along the theme: #BalanceForBetter with a view to sharing knowledge and ideas around the establishment of a

Young musicians Nipuna Siripathi and Tharushi Athukorala, who represented Sri Lanka at the recently held Silk Road & Young Dreams competition, were placed third for their outstanding performance under the ‘Silk Road Young Voice Musician’ category

Uber, the world’s largest personal mobility company, today announced a key partnership with The International Cricket Council, as the official sponsor of the ICC Men’s World Cup 2019.

Huawei yesterday assured the Sri Lankan customers of continued support for the existing Huawei smartphones in the market, amid the US Internet giant Google, whose Android mobile operating system powers the Huawei smartphones, announced plans to sever

The fallout from the recent spate of suicide bombings in Sri Lanka highlights the tension between religious freedom as a fundamental human right and national-security concerns. The country’s ban on face coverings — which admittedly impinges on re

The Easter day bombings in Sri Lanka created a sense of deep fear among the citizens; it still prevails even one month after the incidents. Even in the business sector, these acts of terror have served to create uncertainty within the marketplace. Mo

The state-run private sector pension fund, the Employees’ Provident Fund (EPF), marked its re-entry into the Colombo Stock Exchange (CSE) last week, with the purchase of 55 million shares of Dialog Axiata PLC for a consideration of Rs.495 million,

Lanka IOC PLC (LIOC) Managing Director Shyam Bohra has completed his tenure in Sri Lanka and would be moving back to the parent company Indian Oil Corporation on May 20, 2019, LIOC said in a statement.

(Mumbai/Bengaluru) REUTERS: Indian stocks saw their biggest single-day gain since September 2013 yesterday while the rupee and bonds rallied after exit polls showed Prime Minister Narendra Modi was set to win a second term with an even bigger mandate

(Colombo) REUTERS: Sri Lanka’s budget and current account deficits could widen because of the Easter Sunday bombings but the island’s economy will recover in the medium-term and then have about 5 percent annual growth, the executive director for

Singer Sri Lanka PLC plunged into loss during the quarter ended March 31, 2019 (4Q19), as the sales continued to languish amid mounting borrowing costs as the consumer durables retailer appears to be mired in a prolonged web of troubles from both ins

The evolving global trade environment poses numerous opportunities and challenges to countries like Sri Lanka. In an uncertain economic environment, the impact of Brexit is a development that the private sector needs to monitor.