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.

The suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer has been further extended, the Central Bank announced today.

Danish shipping company Maersk is gearing up to build its first green and smart flagship logistics center in China.

As several countries worldwide are taking measures to prevent a new wave of Covid-19 infections with China readying to open up, the government of China retaliated to the move stating it is “unreasonable”.

Going parallel with the Christmas & New Year celebrations taking place across the counrty, authorities in the Uva province kicked off today the Ella Street Food Fiesta.

SriLankan Airlines is organizing the first-ever series of meetings in Sri Lanka for Entrepreneurs’ Organization (EO) Nepal as part of its ramped-up efforts to help the country rebuild and grow tourism.

The first Woman Rotary Global President Jennifer Jones called on all Sri Lanka Corporates to be focused not only on profit or bottom lines but also in the triple bottom line metrics of social, environmental and financial results even though the count

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 23 November 2022, 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 1

A few months back the IMF was seen as the only savior who could put the house in order, but that belief amongst the masses has been eroded by the politicians since all austerity measures to be adopted are blamed on the IMF. Could politics and cheap t

Since the beginning of the year, the eruption of energy crises in certain parts of the world have gained global traction. To offset energy shortages, increases in coal consumption has been consecutive and considerable.

Sri Lanka’s Municipal Waste Management (MSW) is causing key social, environmental, and economic concerns as only 50 percent of the country’s waste is collected by the Central Environmental Authority (CEA), the United Nations Development Programme

Sri Lanka’s economy is at a critical juncture where urgent steps are needed to improve the country’s fiscal position. The Institute of Policy Studies of Sri Lanka (IPS) has maintained that increasing tobacco taxation has undeniable health and fis

The ASPI closed in red as a result of price losses in counters such as Expolanka Holdings, Vallibel One and Hayleys with the turnover crossing Rs. 1.1 bn.

The Ceylon Chamber of Commerce (CCC) this week put forward a series of proposals to bring about the necessary reforms to ensure Sri Lanka has an effective, efficient, and independent public sector that would help the progression of the national econo

Tourist arrivals to the country for the whole month of October crossed the 40,000 mark.

SriLankan Airlines won the prestigious Best Aviation Sustainability Program Award, beating 118 other submissions at the recently concluded Sheikh Mohammed Bin Rashid Al Maktoum (SMBR) Global Aviation Awards for its groundbreaking signature upcycle pr

Trading hours of the Colombo Stock Exchange have been extended by a further half an hour with effect from November 1.

The 500th retail outlet of Cargills FoodCity was opened this morning in Akuregoda. The Central Bank Governor Dr. Nandalal Weerasinghe was the chief guest at the event.

National carrier SriLankan Airlines bagged a Gold Award in the category of ‘Marketing-Carrier’ at the 27th Pacific Asia Travel Association (PATA) Gold Awards 2022.

Carbonated soft drink manufacturer, the Coca-Cola Company today unveiled in Sri Lanka its new packaging, the ‘Big Buddy Bottle’, that will keep both, the pocket and the planet happy.

Sri Lanka’s talent pool will receive support towards an upliftment with the Republic of Korea through the Korea International Cooperation Agency (KOICA) providing a grant to improve the employability of the local workforce.

’Miss Tourism World 2022’ will host its grand finale in Sri Lanka this December from 8th to 21st with 80 winners from 80 countries.

The International Monetary Fund (IMF) said that Sri Lanka is and will remain a middle-income country even after a decline in the Gross Domestic Product (GDP).

Sri Lanka is expecting to raise up to US$ 2.0 billion worth of bilateral loans collectively from the Asian Development Bank (ADB), the World Bank and other multilateral lenders as bridge financing after country secured programme support from the Fund

Cabinet nod has been given to demote Sri Lanka to a lower income status, a step that is taken with the aim of having more access to financial assistance, loans and concessions.

Destination Sri Lanka has made it to the top 20 list of the Readers’ Choice Awards 2022 by Conde Nast Traveler.

The government yesterday launched a fuel pass for tourists, enabling international visitors to procure fuel with minimal hindrance.

The Monetary Board announced today that a decision has been taken 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 Colombo Stock Exchange (CSE) halted trading today as the S&P SL20 index dropped over 5 percent from the previous close.

A new paper by IMF staff estimates the impact of higher import costs for food and fertilizer for those highly exposed to food insecurity will add US$ 9 billion to balance of payments pressures of crisis hit countries in 2022 and 2023. This will erode