Easter Sunday attacks cost Rs.150bn to economy erasing 1% of GDP

2020-04-22   |   Business

The Easter Sunday attacks and the tremors felt across the economy in its aftermath cost the Sri Lankan economy a mammoth Rs.150 billion in 2019, trans...

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Export Development Board confident export sector will steer country out of COVID-19 crisis

2020-04-20   |   Business

The Export Development Board (EDB) yesterday renewed its call to the government and the business community to give utmost prominence to local exports ...

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Consumer durables sector hit hard by coronavirus

2020-04-17   |   Business

The depleted consumer incomes and temporary import restrictions on non-essential imports could deal a heavy blow to Sri Lanka’s consumer durables se...

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Colombo blossoms

2020-04-14   |   Business

The month of April considered as the beginning of 'spring season' in the country when trees flourish with fruits and blossoms. Seen here is Colombo de...

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Manning Market seems busy…

2020-04-09   |   Business

Manning Market in Colombo were seen crowded with people who had come to purchase vegetables and other essentials while most of the streets looked dese...

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Tea industry urges relevant govt. depts. to increase number of working days to facilitate exports

2020-04-09   |   Business

The local tea industry is urging the government to increase the number of working days of relevant government departments to facilitate the necessary ...

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Payments via Outward Investment Accounts for overseas investments suspended

2020-04-06   |   Business

Prime Minister Mahinda Rajapaksa today issued an Extraordinary Gazette suspending Sri Lankans from making payments through Outward Investment Accounts...

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Govt. to suspend import of non-essential goods

2020-04-02   |   Business

The Government has decided to suspend or limit the importation of non-essential goods except pharmaceutical products and fuel, Cabinet spokesman and M...

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Ride-hailing industry takes plunge putting gig workers’ livelihood at great peril

2020-03-26   |   Business

Sri Lanka’s sprawling ride-hailing industry dominated by PickMe and Uber fell victim to what appears to be a protracting coronavirus pandemic, throw...

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HSBC Sri Lanka offers relief to Personal and Corporate customers

2020-03-26   |   Business

HSBC, the largest international bank in Sri Lanka, is offering a range of relief measures for its personal and corporate customers given the challenge...

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