As a large amount of the initial public offering (IPO) shares of companies get often allocated to so-called undisclosed eligible investors, market participants are calling for the disclosure of such shareholders in a bid to bring in transparency to t

In an effort to aid the local tourism sector towards a recovery, an exclusive job fair for the industry will kick off come February.

Sri Lanka dug out its strong coffee past yesterday with the launch of the country’s first-ever coffee festival.

Cabinet nod has been given to kick off the proposed national project to provide opportunities to new entrepreneurs for business development, a move that will uplift the SME sector in the country

The Export Development Board (EDB) today announced the launch of a financial assistance scheme for the agriculture and fisheries export enterprises so they can move up the value chain.

The Central Bank of Sri Lanka (CBSL) issued to tourism service providers today the set of guidelines to follow when transacting with tourists and non-residents of Sri Lanka.

Ceylon Tea Wine will soon hit the shelves of global markets with the Tea Research Institute (TRI) calling for an Expression of Interest (EoI) to kick off the manufacturing process of the value-added product.

Bookings for intra-European travel over the Easter period have increased by more than 250 percent, while summer bookings are currently 80 percent above 2021 levels, the World Travel & Tourism Council (WTTC) said.

All registered tourist establishments will soon be required to accept foreign exchange from non-residents of Sri Lanka.

The Central Bank of Sri Lanka (CBSL) announced today that it will take further policy measures to strengthen macroeconomic stability and pave the way for a gradual recovery in the economy.

The Cabinet of Ministers yesterday announced its decision to extend the Smallholder Tea and Rubber Revitalization Programme funded International Fund for Agriculture Development (IFAD) till the end of 2022.

Oman biz fraternity to partake in ‘The Sri Lanka Export Brands’ at Expo 2020

Sri Lanka has settled a US$ 500 million International Sovereign Bond (ISB) which matured today.

REUTERS: Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen’s Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a S

In contrast to repeated claims made by the authorities, worker remittances income plummeted as much as 60 percent from the same month last year extending the declining streak for the eighth consecutive month.

India has confirmed its support to Sri Lanka by way of a currency swap under the SAARC arrangement and a deferment of a previous loan.

Leading integrated logistics company, Maersk has warned its customers that 2022 will be yet another challenging year as there will be more issues in the global supply chains going forward.

Sri Lankans will soon have improved access to emerging employment opportunities in the health sector of the United Kingdom (UK) with the government looking to ink an MoU in that regard.

REUTERS: The World Bank on Tuesday cut its forecasts for economic growth in the United States, the Euro area and China and warned that high debt levels, rising income inequality and new coronavirus variants threatened the recovery in developing econo

December 2021 became the first profitable month since the outbreak of the Covid-19 pandemic for SriLankan Airlines as it reported a company profit of US$ 9.25 million and a group profit of US$ 10.66 million.

Relevant authorities must take urgent action to strengthen the Unique Selling Point (USP) of Ceylon Tea if Sri Lanka plans to retain and grow its global market share.

While Sri Lanka’s unemployment rate edged up to 5.2 percent in the third quarter of 2021 (the latest available data), it appears that the ongoing cooking gas shortage is providing new job opportunities to people, helping the government to counter i

The Rs.229 billion relief package announced by the government a week ago will reduces Sri Lanka’s scope for fiscal and debt consolidation, though it could support economic recovery, Moody’s Investors Service said in a brief statement today.

Sri Lanka secured the first ever coco peat deal to Kenya where the first consignment of the natural fiber was shipped to the destination from the Colombo Port on 4 January 2022.

Sri Lanka’s pristine beaches and lush green mountains were used to be the main attractions for international travellers, however, this time round it is the commercial capital of Colombo that is recommended by CNN Travel.

The Bill & Melinda Gates Foundation has offered to assist the Information and Communication Technology Agency of Sri Lanka (ICTA) in the development of Farmer Data Management Systems and Digital Strategy of Sri Lanka’s agriculture sector.

Integrated logistics company, Maersk is no longer the world’s largest container line with Mediterranean Shipping Co. (MSC) taking the lead.

As confusions mount on the conversions of the dollar earnings of Sri Lankan migrant workers, the Central Bank reiterated today that expats are not subjected to rule on conversion.

The government said it has plans to export the excess turmeric in the country this year so that the spices sector can up its contribution to the national export earnings.