India's rising infections and falling economic growth

Sri Lanka, July 7 -- On 2 July 2020, India's Ministry of Health announced 226,947 active cases of COVID-19, with 17,400 lives lost. India is unfortunately now among the world's top five infected coun... Read More

Dart Global to set up US $ 3mn logistics fulfilment centre in Muthurajawela

Sri Lanka, July 7 -- BOI Chairman Susantha Ratnayake formally hands over Certificate of Registration to Dart Global Logistics Group CEO S. Mohandas and COO Jude Wijesundara Dart Global Logistics (DGL... Read More

SL faces significant deterioration in debt affordability: Moody's

Sri Lanka, July 7 -- Sri Lanka is facing the second most significant deterioration in debt affordability among the non-investment grade sovereigns, amid the erosion in its revenue base and upcoming ex... Read More

First half tourism earnings almost halve with zero arrivals for 3 months

Sri Lanka, July 7 -- Earnings from the tourism trade, Sri Lanka's second largest foreign currency income after worker remittances, took nearly a 50 percent plunge during the first six months to June, ... Read More

Kenneth De Zilwa to head Central Bank's FSSCC

Sri Lanka, July 7 -- Senior economist Dr. Kenneth De Zilwa has been invited to take over the Chairmanship of the reconstituted Financial System Stability Consultative Committee (FSSCC) of the Central ... Read More

EU grant to tourism industry likely to go up to 4mn euros

Sri Lanka, July 7 -- Sri Lanka's tourism sector is likely to have its 3.5 million euro grant by the Europe Union (EU) upped to 4 million euros, where the additional funds would be allocated to assist ... Read More

National study reveals MSMEs underserved by banking and insurance industry

Sri Lanka, July 7 -- By Shabiya Ali Ahlam The local micro, small and medium enterprises (MSMEs) continue to be underserved by the country's banking and insurance industry, a national study revealed a... Read More

Suspension on Perpetual Treasuries extended

Sri Lanka, July 7 -- The suspension of the business of controversial primary dealer Perpetual Treasuries Limited has been extended by another six months, the Central Bank said yesterday. The Central... Read More

Siyapatha Finance performs successfully despite challenges in the financial environment

Sri Lanka, July 7 -- Mr.Sumith Cumaranatunga - Chairman (Independent / Non-Executive Director) Siyapatha Finance PLC The 2019 financial year was characterized by a subdued overall economic growth as ... Read More

PC polls before end of this year: GL

Sri Lanka, July 7 -- The Provincial Council (PC) Elections which has been delayed for several years will be held before the end of this year, Senior Advisor to the Prime Minister, Prof. G.L.Peiris sai... Read More