The slowdown in demand in major apparel markets and the rising borrowing costs have begun to take toll on the local apparel makers’ financial profiles as they are facing tight liquidity, weak interest coverage...
Free Trade Zone Manufacturers Association (FTZMA) last week called for swift actions from authorities to avoid mass-scale job losses and closures in the export sector amid looming global recession...
Sri Lanka should immediately look at banning sale of single-stick cigarettes if it is serious about reducing the smoking prevalence in the country, a new study by the Institute of Policy Studies (IPS) revealed.
Sri Lankan exporters will be able to obtain the ‘Country of Origin’ certification much faster with the International Trade Center (ITC) presenting to the Ministry of Trade and Commerce a new electronic system for the same.
Sri Lanka expects to conclude the discussions with its creditors-both official and private-and reach a debt relief deal by the first review of the International Monetary Fund (IMF) programme that received Executive Board approval early last week.
Sri Lanka is negotiating with the International Finance Corporation (IFC), a member of the World Bank Group, to seek its service as transaction advisor for the sale of the government’s stakes in several state-owned enterprises (SOEs).
Sri Lanka’s automobile industry is requesting the government to consider a quota system for vehicle imports for its survival and the livelihoods of over 100,000 people, who are directly or indirectly employed by it.
The Sri Lankan companies that are currently exporting and are looking to export to the European Union (EU) will have to step up their efforts in adhering to environmental protection practices, as they are being made a key requirement for trade.
The Central Bank yesterday reiterated the risks of using and investing in cryptocurrency, considering the recent public inquiries and the developments observed relating to cryptocurrencies, which are also commonly referred to as ‘crypto’.
The Cabinet nod has been granted to call for fresh tender to procure an estimated 2.25 million MT of coal required for Lakvijaya coal power plant in Norochcholai for the term 2023/2024 under the government procurement process.
The Cabinet of Ministers this week approved a proposal to establish a road maintenance fund with an initial capital infusion of Rs.100 million and to charge an annual fee per vehicle. Minister Transport...
The local ICT sector said it is gearing up for greater investment interest, in alignment with President Ranil Wickremesinghe categorising the industry as a key tradable service for Sri Lanka.
Tourist arrivals surpass 63,000 in first half of October
EDB gets new chief
Colombo welcomes Cinnamon Life
New Board of Directors appointed for SriLankan Airlines
Easter attack: controversy swirls further high
Catholic Church rebuffs Gammanpila’s allegations
Easter Sunday attack: Ravi Seneviratne’s name implicated
SL unveils new ’P’ series passport with enhanced security features