SAN FRANCISCO (AFP) - Amazon on Thursday delivered record profits for the first quarter, fueled by gains in cloud computing and new business segments for the US technology colossus.

The Easter Sunday bombings could cost Sri Lanka’s tourism industry up to US$1.5 billion in foreign exchange losses with 30 percent fall in tourist arrivals this year, according to Finance Ministry estimates.

The Central Bank (CB) has urged the government to expedite the reform agenda to avoid the middle-income trap amid stagnating economic growth, which has led to a marginal decline in per capita income to US $ 4, 102

The national treasury has paid off Rs.84, 461 million due by December 31, 2018 for various programmes and projects implemented under different government ministries and institutions. Earlier, the treasury had been informed that Rs.99, 415 million was

CNBC: One international hotelier said Tuesday that its plans to enter the Sri Lankan market would be put on hold after Sunday’s terrorist attacks on hotels and churches. “We were just about ready to start again, on another hotel and now look at w

Chevron Lubricants Lanka PLC March quarter (1Q19) earnings fell 14 percent year-on-year (YoY) to Rs.603.1 million despite higher lube sales, the interim financial accounts released to the Colombo bourse this week showed. The revenue during the quarte

The government has put on hold the visa on arrival programme until further notice, due to security concerns following the Easter Sunday terrorist attacks. The visa on arrival programme was to be rolled out on May 1.

Becoming the second bank to experience an under-subscribed rights issue in recent times, DFCC Bank PLC yesterday said it is considering allotting the unsubscribed shares to parties acceptable to its director board. The bank this January announced pla

While expressing their deepest condolences over the barbaric attack on churchgoers and innocent civilians—mostly tourists—on Easter Sunday, the International Monetary Fund (IMF) yesterday said “decisive policy and security measures” by author

The recent power crisis we encountered should not be a surprise to anyone as it was waiting to happen and of our own creation.

Sri Lanka’s tourism industry, which is experiencing the adverse impacts of the multiple suicide bombs that targeted the churches and five-star hotels on Easter Sunday, may further worsen the country’s banking sector asset quality with an anticipa

Finance Minister Mangala Samaraweera says that the impact on the tourism industry from the Easter Sunday bombing would be inevitable while a dent in foreign direct investment (FDI) and portfolio investment are also anticipated in the short term.

Amid strengthened security, following the Easter Sunday attacks, The Kingsbury Hotel is to reopen the premises for visitors from today.

SriLankan Airlines has made arrangements for all ticketing-related matters to be handled from SriLankan Airlines ticket offices and passenger service offices across the country, for the convenience of its valued customers and taking into consideratio

The Employers’ Federation of Ceylon (EFC) and its membership yesterday in a statement condemned the terrorist attacks that were carried out on Easter Sunday, targeting the civilians at places of worship and at several member establishments.

(Colombo) REUTERS: The Sri Lankan rupee closed 0.2 percent weaker yesterday as worries over further explosions after the Easter Sunday blasts weighed on the currency while stocks rose a fraction after hitting a more than six year low.

REUTERS: The Sri Lankan stock index dived 3.63 percent yesterday, its worst plunge in more than seven years, due to retail panic selling in its first trading day after Easter Sunday attacks killed mo

Although there are some cancellations in the aftermath of the Easter Sunday attacks, Sri Lanka’s hoteliers say it has not reached alarming levels yet, and the impact would be somewhat contained as the country is currently in the ‘off peak’ seas

Sri Lanka’s countrywide inflation measured by the year-on-year change in the National Consumer Price Index (NCPI) rose to 2.9 percent in March from 2.4 percent in February, mainly due to the low base that prevailed in the corresponding month of the

Sri Lanka’s export sector is already feeling the blow from the terror attacks that took place on Easter Sunday, and the negative impact is expected to continue in the coming months, according to top representatives of the sector. The National Chamb

The Securities and Exchange Commission of Sri Lanka (SEC) has postponed the ‘Dialogue with Public Listed Companies’ scheduled for April 25th at the Hilton Colombo. “The unprecedented, tragic events of Sunday (April 21) present formidable challe

While strongly condemning the Easter Sunday terror attacks on hotels and places of worship, The Hotels Association of Sri Lanka (THASL) yesterday said the attacks will have an adverse impact on the country’s tourism industry.

Sri Lanka’s trade deficit significantly narrowed in February, largely owing to the slowdown in imports due to the measures taken by the Central Bank and government and increase in exports, the data released by the Central Bank showed, yesterday.

Daily Mail: Billionaire ASOS owner Anders Holch Povlsen has lost three of his four children in the Sri Lanka terror attacks on Easter Sunday.

Sri Lanka is to introduce several wartime security measures, including setting up baggage scanners at popular hotels and formulating an emergency plan to ensure the safety of tourists visiting the island, in the aftermath of the Easter bomb attacks t

The board of directors of the Sri Lanka Association of Software and Services Companies (SLASSCOM) said they were shocked and deeply saddened by the multiple explosions that occurred Sunday morning.

(Colombo) REUTERS: With its capital under curfew following devastating Easter Sunday bomb attacks on churches and upmarket hotels, Sri Lanka is filled with fear, horror and grief and tourists who have been flocking to the Indian Ocean island could ca

(Colombo) REUTERS: The Sri Lankan rupee fell 0.4 percent on importers’ dollar demand in thin yesterday trading, after deadly explosions rocked the Indian Ocean island on Easter Sunday that killed at least 290 people.

The Colombo Stock Exchange (CSE) in consultation with the Securities and Exchange Commission of Sri Lanka yesterday announced that trading and related market operations will resume today.

This marks the fourth in a series of articles that analyse the economic aspects of the Presidential Election 2020.