The Central Bank of Sri Lanka (CBSL) today withdrew the mandatory requirement to convert service export receipts/proceeds, that are received in Sri Lanka on or after 12 August 2022.

Sri Lanka will celebrate World Tourism Day (WTD) this year by focusing on ’’Rural and Community Centric Tourism’.

Sri Lanka Tourism kicked off today the Sustainable Destination Development and Management Training for Provincial Officers for the National Sustainable Tourism Certification (NSTC).

International tourism saw a strong rebound in the first five months of 2022, with almost 250 million arrivals recorded, the update from the UNWTO World Tourism Barometer revealed.

The Board of Investment (BOI), the apex organization driving investments into the country, introduced a new strategic initiative under the banner ’Partnership Finder’ to lure investment from existing investors in the country and facilitate busine

Bangladesh became the latest South Asian nation to reach out to the International Monetary Fund (IMF) for assistace as its foreign exchange reserves continue to fall.

Sri Lanka recently expressed interest in collaborating with the ICT sector of the Philippines, to pave the way for both nations to complement each other’s strengths and capabilities particularly in the areas of e-government, e-commerce, business pr

The cost of air travel is expected to further increase in the coming months as the rising fuel prices will be passsed on to passengers, said International Air Transport Association (IATA).

The Central Bank this morning announced the tightening of the monetary policy by 100 basis points to contain rising inflation and the possible build-up of any inflation expectations.

Investment Promotion Minister Dhammika Perera today called on Prime Minister Ranil Wickremesinge to step down as the Finance Minister as no clear plan has been conceptualised to steer the country away from the ongoing economic crisis.

Entertainment giant Disney is likely to lose exclusive rights to its iconic and most beloved cartoon character ‘Mickey Mouse’ in 2024.

The United Kingdom has re-issued a travel advisory against visiting Sri Lanka, not even a month after the previous warning was removed.

The Monetary Board of the Central Bank of Sri Lanka (CBSL) announced today its decision to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer.

National carrier SriLankan Airlines, and Kuwait Airways has launched a new codeshare partnership that came into effect on 20 June 2022.

Two finance companies have been slapped with administrative penalties amounting to Rs.1.5 million during the final quarter of 2021 for the violation of the provisions of Financial Transactions Reporting Act, No. 6 of 2006 (FTRA).

The CBSL announced today that actions will be taken to liquidate the five failed finance companies in accordance with applicable legal provisions.

Discussions were held by President Gotabaya Rajapaksa today with the CBSL and other key stakeholders to settle the outstanding payments that are due to relevant companies for fuel supply.

Economist Steve Hanke shared today that according to his accurate measure, Sri Lanka’s inflation stands at 130.14 percent.

Overall, Central and Southern Asia as a region is not on track to achieve gender equality by 2030, the latest assessment by UN Women revealed. Across the region, out of 18 indicators for the SDGs, only one has met the target.

The U.S. government announced a third tranche of new funding today to address the immediate needs of people hardest hit by the economic crisis in Sri Lanka.

The Commonwealth Bank of Australia has kicked off a support initiative for Sri Lanka to encourage those in that country to transfer money to the crisis hot economy.

Australia pledges support to overcome economic crisis

The Embassy of Sri Lanka in Brazil in collaboration with the Brazilian Association for Travel Agencies (ABAV- DF), stepped up to promote Sri Lanka as a destination for Brazilian and South American tourists.

Sri Lanka is among the nations in the world that has the slowest roads, which indicates the economy is facing obstacles in its development effort, an IMF analysis revealed.

The final draft of the National Policy for Tourism (NPT) was presented to the sector stakeholders for their input before moving the strategy set towards the implementation phase.

As economic challenges continue to rise for countries across the world even as many have braved through the challenges stemming from the pandemic, air cargo demand dropped by 11.2 percent year-on-year (YoY) in April, while cargo load factors dipped b

The United Nations team in Sri Lanka and non-governmental organisations launched a joint Humanitarian Needs and Priorities (HNP) Plan today.

Prime Minister Ranil Wickremesinghe said he will present the interim budget to the parliament on the basis of the future economic plan and road map drawn up for the country.

Prime Minister Ranil Wickremesinghe asserted the need for Sri Lanka to return to the tax system of 2019 so that the ongoing strain on the economy eases.

The Central Bank (CBSL) today dismissed claims circulating on social media regarding disputes between Governor Dr. Nandalal Weerasinghe and Prime Minister Ranil Wickremesinghe.