The fast progressing Colombo Port City will see the addition of an aquatic airport, the Ministry of Tourism said.

The establishment of an Economic Council comprising of nine members received the Cabinet nod today.

As the national economy is desperate for foreign exchange inflows, the Cabinet of Ministers today announced their decision to increase the incentive offered for foreign remittances.

The Central Bank in a late night policy announcement today devalued the rupee to Rs.230 against the US dollar despite the Central Bank Governor Ajith Nivard Cabraal three days ago saying that the prevailing exchange rate was appropriate.

National carrier SriLankan Airlines announced its partnership with Manta Air today, a move which will connect passengers from Gan International Airport to Koodhdhoo City in Gaafu Alifu Atoll of Southern Maldives.

Accounting firms KPMG and PricewaterhouseCoopers LLP (PwC) announced this Sunday their decision to exit Russia due its move to invade Ukraine.

The Central Bank of Sri Lanka (CBSL) announced today its decision to further tighten its monetary policy stance.

Following the conclusion of the 2021 Article IV Consolation with Sri Lanka, the International Monetary Fund (IMF) has emphasized the need for tighter monetary policy to contain the rising inflationary pressures.

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The Central Bank of Sri Lanka (CBSL) called on for public help to identify those carrying out unauthorized foreign currency dealings.

Trading at the Colombo Stock Exchange was halted for the second consecutive day today for 30 minutes as the S&P SL20 Index declined by 5 percent from the previous session.

Sri Lanka will enter into a Memorandum of Understanding (MoU) with the United States (US) to improve the local capacity of milk production.

Efforts are underway to initiate the manufacturing of clay related products at the We-Uda factory located at Kurunegala for which the government is on the lookout for potential investors.

Reflecting the sentiments of Bank Indonesia Governor Perry Warjiyo, Central Bank of Sri Lanka (CBSL) Ajith Nivard Cabraal asserted that the G20 intergovernmental forum is not sensitive as it should be towards the issues faced by emerging nations.

Rating agency Fitch in its latest commentary said local banks are expected to face continued asset quality pressures in 2022.

Facebook parent company Meta is being sued by the Texas attorney general for “storing millions of biometric identifiers’’.

Several institutions have been summoned by the COPE committee for the month of February and March, including state banks and the apex state body promoting exports.

The EU delegation to Sri Lanka has pledged its support to strengthen the capacity of wellness tourism in the country, which will allow the industry to bounce back faster towards recovery.

A total of 5.4 MnKg of tea came under the hammer at the Colombo Tea Auction this week, a decline of 1.2 MnKg from last week’s offering.

Trading at the Colombo bourse went on for additional nine minutes today due to a technical issue, the Colombo Stock Exchange (CSE) said.

The Brides of Sri Lanka magazine together with the Galle Face Hotel will host an exclusive wedding exhibition next weekend.

The Central Bank of Sri Lanka (CBSL) launched today the National Remittance Mobile Application ‘Lanka Remit’.

The FAO Food Price Index (FFPI) expanded by 1.5 points in January 2022 from December 2021, averaging 135.7 points.

The challenges faced in the global logistics sector in 2021 likely to spill over to 2022 as well, while pressure on global supply chains is expected to continue.

Central Bank Governor Ajith Nivard Cabraal was quick to set the record straight with regard to Sri Lanka’s intention to reach out to the International Monetary Fund (IMF) for assistance.

The government has sought advice from the International Monetary Fund (IMF) on how to tackle the prevailing economic crisis, but accepting of such advice will be done only after a thorough study, the Finance Minister Basil Rajapaksa said.

The global travel sector was expecting 2022 to be the year for tourism activities to pick up, however, a survey by the World Economic Forum (WEF) revealed that the sector will not witness full recovery until 2024.

A major exhibition that draws from the archives of the practice of influential architect, Geoffrey Bawa, kicked off today in Colombo.

The Central Bank yesterday said the country’s non-bank financial institutions (NBFI) sector has seen “significant improvement “ in terms of regulatory capital requirements as a result of its Masterplan for Consolidation of Non-Bank Financial In

Sri Lanka has managed to attract over 75,000 tourists up to 29 January.