Apparel industry holds crucial meeting today to assess virus hit

2020-03-05   |   Business

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...

Read More

February inflation shoots up to 6.2%

2020-03-02   |   Business

Headline inflation as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index increased to 6.2 percent in February 2020 from 5.7...

Read More

CB forecasts growth to pick up to 4-4.5% next year

2019-12-31   |   Business

From left: Governor Prof. W.D. Lakshman and Senior Deputy Governor Dr. Nandalal Weerasinghe. Pic by Waruna Wanniarachchi  By Nishel Fernando ...

Read More

Sri Lanka Tourism shares Christmas spirit with local and foreign tourists

2019-12-30   |   Business

The Tourist Information Centre (TIC) at The Bandaranaike International Airport (BIA) of Sri Lanka Tourism had a different atmosphere altogether, getti...

Read More

Weak leisure sector hinders JKH 2Q earnings; consumer, retail segments gain momentum

2019-11-05   |   Business

The performance of Sri Lanka’s largest listed company, John Keells Holdings PLC (JKH) was hampered by its weak leisure sector operations hit by East...

Read More

Union Bank September earnings up on portfolio realignment

2019-11-04   |   Business

Union Bank of Colombo PLC reported higher earnings for the period ended September 30, 2019 (3Q19), but the core-banking operations remained muted due ...

Read More

CB keeps rates steady to stabilize inflation

2019-10-14   |   Business

The Monetary Board of the Central Bank (CB) yesterday decided to maintain policy interest rates at their current levels, awaiting for materialisation ...

Read More

CB tells banks to prepare for sweeping industry changes with new Banking Act

2019-10-11   |   Business

New Banking Act to come into effect in 2021  Banks will have to address supervisory concerns or risk monetary penalties The Central Bank (CB) w...

Read More