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.

Tourist arrivals to Sri Lanka topped 84,000 in the first three weeks of March. The provisional data from the Sri Lanka Tourism Development Authority showed that during the March 01-21 period, the island nation welcomed 84,585 international visitors.

Sri Lanka’s economy suffered its worst fall in 2022, with the GDP contracting 7.8 percent as the further quarter economic growth clocked in at negative 12.4 percent.

The World Bank Group (WBG) is calling for stakeholder feedback as it is preparing a new country partnership framework (CPF) for Sri Lanka for the 2023-2026 period.

The Central Bank of Sri Lanka yesterday announced the demise of its ninth Governor, H.B. Dissanayake. He passed away at the age of 85 on the 5 March 2023.

Sri Lanka today saw tourist arrivals from it’s once top source market, China, resume.

The Paris Club Creditors in its recently held meeting have agreed to provide financing assurances to support the approval by the IMF Executive Board of the envisaged IMF program for Sri Lanka.

The Central Bank of Sri Lanka (CBSL) invited this week industry associations and the general public to submit views and suggestions on the financial consumer protection draft regulations.

As Sri Lanka is gearing up to celebrate its 75th Independence Day on 4 February, the Central Bank of Sri Lanka (CBSL) yesterday issued an uncirculated commemorative coin in the denomination of Rupees 1000.

Sri Lanka’s culinary YouTube channel, Ape Amma has been identified by CashnetUSA.com as the largest revenue generating handle in the country on the social media platform.

The Monetary Board of the Central Bank decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 per cent and 15.50 per cent.

The United Nations called on global economies to step up in preventing the deepening of the North-South, East-West divide, and avoid a 21st century sequel to the ‘Thucydides Trap’.

Sri Lanka and India are currently exploring the viability of government to government medical importation so that the island nation can have access to medicines without delays.

The World Bank this week revised down the economic growth forecast for nearly 95 percent of advanced economies and 70 percent of emerging market and developing economies as the global economy is projected to grow by 1.7 percent in 2023

Validity of liquor licenses of establishments registered under the Sri Lanka Tourism Development Authority (SLTDA) will be extended for an additional six months by the Excise Department.