In a bid to support the needy communities whose conditions have worsened with the ongoing crisis, the Cabinet of Ministers has decided to increase the welfare extended to such groups.

Foreign investments in the Port City will receive massive tax concessions, a move by the government to lure investors into the country.

Sri Lanka is gearing up to host a mega surfing carnival by the end of July, an effort to promote the destination and lure international travelers to uplift the struggling tourism sector.

Sri Lanka is in talks with the International Monetary Fund (IMF) to borrow at least $3 billion via the lender’s extended fund facility (EFF), sources familiar with the matter told Reuters.

The Prime Minister’s Office announced today a series of tax reforms that will be implemented within the year.

The proposal to submit a supplementary estimate for the provision of Rs. 695 billion under the ‘Budget Assistance Services and Emergency Responsibilities’ project of the National Budget Department received the Cabinet nod on Monday.

The Central Bank today reassured its commitment to ensuring the availability of foreign exchange within the banking system for the importation of essential goods, including the food items, in the ensuing period.

The International Monetary Fund (IMF) concluded the virtual mission to Sri Lanka today following technical discussions with the economic team led by Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe and Secretary to the Treasury Mahi

Port City Colombo has facilitated a familiarization tour for selected journalists from India to experience firsthand the development of the project.

The IMF cautioned this week that the ongoing food insecurity across the world could worsen if countries go forward with their export bans.

Sri Lanka Tourism Chief Kimarli Fernando announced she has stepped down from the post following a request from newly appointed Tourism Minister Harin Fernando.

Sri Lanka has hired heavyweight financial and legal advisers Lazard and Clifford Chance as it prepares for the difficult task of renegotiating its debts, a trio of sources told Reuters on Monday (May 23).

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 18 May 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at the current levels of 13.50 pe

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.

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

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

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

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.

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

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

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

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.

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

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.

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

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

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.