WTO launches new data portal

The WTO has launched a new data portal to provide easy access to key databases offering trade statistics and information on WTO members’ trade-related measures.

SL explores investment opportunities in Nepal’s hydropower sector

Hydropower companies in Sri Lanka held discussions recently with Nepal’s Ministry of Energy, Water Resources and Irrigation (MOEWRI) and Nepal Electricity Authority (NEA) on the investment opportunities for hydropower development.

India halting wheat exports threatens to drive food prices further up

India’s move to manage its food security by way of restricting wheat exports threatens to drive food prices further.

PM Wickremesinghe cautions harsher times ahead

Prime Minister Ranil Wickremesinghe today presented to the general public the harsh reality of the status of the national economy and pointed out what is in store for the people and businesses in the coming months.

Saudi Aramco beats Apple to become world’s most valuable company

Saudi Aramco has become the world’s most valuable company, a position that was held by Apple.

CBSL launches Green Finance Taxonomy

The Central Bank has launched the Sri Lanka Green Finance Taxonomy, a classification system that defines and categorizes economic activities that are environmentally sustainable.

Austalia govt. sends out stronger travel advisory

The Australian government sent out a stronger travel advisory to those looking to visit Sri Lanka. Travelers were urged to reconsider their plans in visiting the island nation.

CB Chief says will step down if political instability continues

Central Bank Governor Dr. Nandalal Weerasinghe said he will step down from the post if the political instability in the country continues.

Cultural sites remain open: SLTDA

Cultural sites such as Sigiriya, Polonnaruwa, Anuradhapura, and the Temple of Tooth Relic are open for international tourists despite the ongoing curfew.

Stock market remains closed: CSE

The stock market will remain closed today as well, market operator Colombo Stock Exchange (CSE) said.

IMF says technical talks will continue as planned until new govt. is formed

The International Monetary Fund (IMF) today said it would continue technical level discussions with Sri Lanka to be prepared for policy discussions when a new government is formed.

Tea, rubber auctions postponed

The tea and rubber auction that was scheduled for today has been postponed, the Traders Associations of the commodities said.

Tourists instructed to use travel documents as curfew pass

The Sri Lanka Tourism Development Authority (SLTDA) announced a short while ago that international travelers currently in the country should use their travel documents as a curfew pass.

WB expresses fresh concerns on SL

The World Bank (WB) shared today its concerns on the current status of Sri Lanka as protestors came under attack by pro-government supporters.

Trade unions to go on indefinite strike from midnight

Taking a firm stand against the violence incited against peaceful protestors who have been calling for the establishment of a people’s government for nearly a month, trade unions across the country will withdraw from services tomorrow.

Ceylon Chamber Demands Immediate Action to Protect Fundamental Rights of Citizens

Ceylon Chamber Demands Immediate Action to Protect Fundamental Rights of Citizens

Business activities to be massively disrupted tomorrow

Business activities across the country will be massively disrupted tomorrow (6 May) with the Trade Union Coordinating Center (TUCC) preparing for a one day hartal.

Banking services to be disrupted tomorrow due to token strike

Banking services in the country will witness disruption tomorrow as the Ceylon Bank Employees’ Union (CBEU) plans on carrying out a token strike.

IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes

Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday.

Maliban says it pushes for merit based political, social system to regain growth

Maliban, one of the largest manufacturers, distributors and marketers of bakery products in Sri Lanka, issued a statement today on their take on the ongoing economic crisis in the country.

SA emerging from deep Covid-19 recession, but burdened with high inflation

South Asian economies are emerging from the deep COVID-19 recession, burdened by high inflation, rising current account deficits, and deteriorated fiscal balances, which are exacerbated by the impact of war in Ukraine, the latest update by the World Bank (WB) on the regional economic outlook revealed.

SL further relaxes entry requirements for intl. travellers

Sri Lanka has further relaxed the entry requirements to the country by removing the need for on-arrival PCR tests for non and partially vaccinated travellers.

IMF says any loan to Sri Lanka requires debt sustainability

The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require ’’adequate assurances’’ that the island country’s debts can be put on a sustainable path.

MAS reiterates need for urgent action to resolve ongoing crisis

Apparel manufacturing giant, MAS Holdings today reiterated the need for immediate and decisive action to resolve the current economic and social crisis.

IMF agrees to consider SL’s RFI request

Sri Lanka’s request for a Rapid Financing Instrument (RFI) with the International Monetary Fund (IMF) has received the nod from the agency.

DFCC discontinues issuance of monthly bank account statements

Commercial and development bank, DFCC Bank PLC has urged its customers to register for the eStatement facility due to the shortage of papers.

Cabraal fails to appear in Court; overseas travel ban extended till May 2

The summons issued on ex-Central Bank Governor Ajith Nivard Cabraal were reissued today asking him to appear before the Colombo Magistrate Court on May 2, 2022.

CSE justifies market closure move

Capital market operator, the Colombo Stock Exchange (CSE) today justified the need to close the market for an additional five days after the long holiday due for the Sinhala and Tamil New Year.

UNWTO opens applications for Best Tourism Villages 2022

The United Nations World Tourism Organisation (UNWTO) announced it is now accepting applications for Best Tourism Villages 2022.

Colombo bourse trading hours restricted due to power cuts

The Colombo Stock Exchange (CSE) will operate the Colombo bourse with restricted trading hours for the remaining working days of the week.