Travel restrictions extended until June 7; temporary relaxations on May 25, 31 & June 4
The government has decided to extend the travel restrictions until the 07th of June to contain the current Covid situation. The decision was taken at a meeting …
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Will Sri Lanka’s economy collapse due to lockdown?
By Charith Isuru The answer is a BIG NO..... What are possible scenarios that can cause a possible economic collapse in Sri Lanka during this Covid …
Port City Colombo opens gates for investment
Port City Colombo, Sri Lanka’s brand-new reclaimed land, slated as the “Gateway to South Asia”, now officially becomes the country’s first service …
PET collector’s journey amidst a raging pandemic
How Mahesh creates his livelihood around plastic, impacts of COVID-19 and waste segregation in Sri Lanka The importance of recycling is highlighted globally …
Interview: Union Assurance will continue to grow through distribution channel expansions
Union Assurance was awarded Life Insurance Company of the Year at Business Leader Awards ceremony held in India recently affirming its leadership in the …
Are we getting the Colombo Port City Financial Centre right?
By H. Dabarera and KD Vimanga. Background The Colombo Port City commission bill is to be debated in parliament this week. Over the last few weeks, Sri …
Financial results of Sampath Bank for Q1 of 2021
The Bank recorded a Profit before tax (PBT) of Rs 6.1 Bn in 1Q 2021 compared to Rs 3 Bn in 1Q 2020, denoting a growth of 101%, while Profit after tax (PAT) …
Widespread informality likely to slow recovery from COVID-19 in developing economies
A strikingly large percentage of workers and firms operate outside the line of sight of governments in emerging market and developing economies (EMDEs)—a …
Presidential task force for a green socio-economy
President Gotabaya Rajapaksa has appointed a Presidential Task Force to transform Sri Lanka's economy into a green socio-economy with sustainable solutions to …
Sri Lanka secures USD 500Mn concessional financing from Republic of Korea
In order to further strengthen the economic cooperation between two countries, the Government of Republic of Korea has agreed to provide concessional loans …
Healthcare professional bodies make urgent recommendations to avoid COVID disaster
In a letter to the President, the Sri Lanka Medical Association (SLMA), the Government Medical Officers’ Association (GMOA), the Association of Medical …
World Bank strengthens engagement in Sri Lanka
The World Bank today launched public consultations to update its Systematic Country Diagnostic (SCD) in Sri Lanka. This online platform will enable the Bank to …
Expedite import procedures,administering vaccines … – President instructs
President Gotabaya Rajapaksa has instructed the relevant officials to expedite both the import procedures and administering COVID-19 vaccines to the public. …
Dependents of war heroes to receive Cabinet approved benefits from April 27
Steps will be taken to provide Cabinet approved relief to the dependents of war heroes, who got killed or disabled due to terrorist activities with effect from …
UK and Sri Lanka lead on ‘Nitrogen for Climate and Green Recovery’
The British High Commission in Colombo and the Government of Democratic Socialist Republic of Sri Lanka this week held a virtual event “Nitrogen …
Opinion:Today’s CFO is the protector of tomorrow’s business resilience
By Sherman Gunatillake With market uncertainty and disruptions across different business verticals christened as the ‘New Normal’, the chief financial …
Rizing acquires attune Lanka from MAS Holdings
MAS Holdings announced today, that in line with its long-term strategic objectives, it has concluded the acquisition of its subsidiary attune Lanka (Private) …
Fitch affirms DSI Samson Group at ‘AA(lka)’; Outlook stable
Fitch Ratings has affirmed Sri-Lanka based footwear and tire manufacturer and retailer DSI Samson Group (Private) Limited (DSG) at 'AA(lka)'. The Outlook is …
China backed Port City missing link for SL to become game changer; no threat to sovereignty
The Colombo Port City, one of Sri Lanka's most significant projects with tremendous potential has to go forward in the right direction as a game-changer for …
ComBank raises interest rate on ‘FC Plus’ foreign currency accounts to 4.5-pct per annum
The Commercial Bank of Ceylon has announced a significant increase in the interest rate offered to Sri Lankan Personal Foreign Currency (PFC) account holders, …