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’.

Dilmah Tea is threatening to pull its popular products from the supermarket shelves in Australia amid a bitter price dispute with Coles and Woolworths, Australian media reports said.

CA Sri Lanka is organising a CEO discussion forum called “Economic Dialogue - IMF and Beyond” to facilitate a productive conversation among key stakeholders, including business

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 proposed new refinery in Hambantota has received Expressions of Interest (EOIs) from seven companies, the Power and Energy Ministry shared yesterday.

The government’s plan to sell 49.5 percent stake in Sri Lanka Telecom PLC held by the Treasury will take at least 8 to 12 months, Fitch Ratings said yesterday. In a new rating report....

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...

As part of the group’s internal restructuring of financial services, LOLC Group yesterday announced the transfer of LOLC Asset Holdings Limited (LAHL), a fully owned subsidiary of LOLC Holdings PLC...

FitsAir, Sri Lanka’s first privately-owned international airline has increased the frequency of its flights to and from Colombo to Dubai to daily. The daily services between the two destinations began...

Stakeholders of the construction sector presented to the Central Bank this week a 30-point action plan that will help improve its contribution to the economy—to levels before the economic crisis severely....

Sri Lanka is expecting to obtain around US $ 1.36 billion funds from major multilateral agencies, including the International Monetary Fund (IMF), World Bank and Asian Development Bank (ADB), this year.

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.

Sri Lanka is likely to go for another International Monetary Fund (IMF) programme after the end of the current four-year programme, to continue with the structural and institutional reforms.

In an effort to expand the reach of the small and medium enterprises (SMEs), including the women-owned small businesses, the International Finance Corporation (IFC) announced its support to Commercial Bank of Ceylon to launch a digital marketplace in

Hunas Holdings PLC yesterday said its fully- owned subsidiary Hunas Falls Hotels Private Limited has entered into an agreement with Azotels Services Limited, for the purpose of development and management of Hunas Falls Hotel.

With the aim of ensuring a smooth continuation of the International Monetary Fund (IMF) programme by averting possible hiccups leading to suspension of the programme, the government is contemplating on setting up an Irish-style implementation unit wi

The newly appointed chief of capital market regulator, the Securities and Exchange Commission (SEC) called on stakeholders to embrace....

The market lending rates followed the Treasury yields last week to fall sharply from their previous week levels as investors turned.....

Foreigners sharply increased their holdings in rupee bills and bonds in the few weeks up to the approval of the deal with the International ....

The Government of Japan has provided US$ 1.6 million to UN Women in support of humanitarian assistance for women mostly affected by the socio-economic crisis in Sri Lanka. The funding is part of a new project ‘Empowering women in crisis’, runnin

Secretary to India’s Ministry of Petroleum and Natural Gas Pankaj Jain and IndianOil Corporation Ltd. Chairman Shirkant Madhav Vaidya are expected to arrive in Sri Lanka today for a brief visit, Mirror Business learns.

The government continues to show no accountability towards the policies introduced in 2022 to tackle the crisis faced by Sri Lanka, Colombo-based think tank Verité Research said.

The adventure trail ‘Raid Amazones 2023’ kicked off in Kandy on March 22.

State-owned Enterprises Restructuring Unit (SRU) to soon select transaction advisors to assist with sale process

President Ranil Wickremesinghe yesterday expressed confidence in creating a new financial culture and environment that had not prevailed in Sri Lanka before, through the Extended Fund Facility (EFF) programme that was approved by the International Mo

Sri Lanka is expected to amend the existing tax mechanism when the first review of the International Monetary Fund (IMF) Extend Fund Facility (EFF) takes place this June.

Sri Lanka is expected to introduce a property tax and a gift and inheritance tax by the beginning of 2025, under the International Monetary Fund programme.

The Central Bank is continuing to preserve its position as a net buyer of foreign currency from the domestic foreign currency market, with the dollar liquidity conditions started easing from around early this year, following debt standstill, lower te

The US central bank has raised interest rates again, despite fears that the move could add to financial turmoil after a string of recent bank failures.