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.

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