Sri Lanka has set up a business council with Western Asia’s Jordan to firm up and boost economic ties and trade between the two regions.

Sri Lanka is exploring the possibility of accepting digital currencies payments in the tourism sector by next year, the government said.

The global Foreign Direct Investment (FDI) position witnessed an expansion of US$ 2.2 trillion in 2020 when compared with 2019, an increase led by Europe and the Asia Pacific region.

The Central Bank this morning said Sri Lanka’s official foreign reserves have increased to around US $ 3.1 billion from US $ 1.6 billion by end-November, though without revealing the source of the funding.

The way in which the COVID-19 pandemic has developed over the closing weeks of the year gives reason for concern and to once again put public health above everything else, United Nations World Tourism Organisation (UNWTO) said.

The Securities and Excchange Commission (SEC) and the Colombo Stock Exchange (CSE) have formed a joint committee to set up a Central Counterpart (CPP), which is enabled under the the new SEC Act which came into force on September 19, 2021.

The Central Bank of Sri Lanka (CBSL) today amended the operating instructions to licensed commercial banks where they were directed to sell 25 percent of the dollars sold to them by customers to the CBSL on a weekly basis.

As the issue of food insecurity grapples the world, Sri Lanka ranks alongside India on having the highest child wasting in Southern Asia, revealed the latest regional overview on food and nutrition by Food and Agriculture Organization of the United N

The Central Bank of Sri Lanka (CBSL) announced today its decision to extend additional incentives for inward workers’ remittances following requests made by Sri Lankans employed abroad.

Come 2020, the persistent impact of high shipping costs could put an end to the benign inflation Asia has enjoyed in 2021, an International Monetary Fund (IMF) blog post shared this week.

In a bid to ensure a smooth sailing going forward, the local apparel sector and key industry trade unions entered into a Memorandum of Understanding (MoU) to ensure business owners and employees work together to iron out issues in the industry.

The state government of Chennai is encouraging those who can afford a holiday overseas to “try out” Colombo, the Times of India reported.

Sri Lanka Prosperity Index (SLPI) has witnessed a marginal increase in 2020 compared to 2019.

Leading business chambers in the country have issued a fresh warning to the government today that their membership might be compelled to relocate operations if the current detrimental economic condition continues.

The Board of Directors of the Colombo Stock Exchange (CSE), with the consultation of the Securities and Exchange Commission of Sri Lanka (SEC), has decided to extend the trading hours from Monday, 03rd January 2022.

Sri Lanka’s Santani Wellness Resort & Spa has been named the ‘Best Wellness Retreat in the World’ by Travel+Leisure India.

Sri Lanka’s first cable car project is gearing up to kick off soon and will reach completion within 18 months from the date of receiving all approvals, the Sri Lanka Tourism Development Authority (SLTDA) said.

The general public will be required to carry their Covid-19 vaccination cards when entering public places from the new year, according to the Ministry of Tourism.

In an effort to promote the island nation under banner ‘Sri Lanka a Gateway to South Asian Meetings & Events Industry’, the Tourism Development Authority said plans are afoot to host regular physical events that will cater to the MICE market.

Foreign Minister Prof. G. L. Peiris has been appointed as the Acting Minister of Finance in the absence of Finance Minister Basil Rajapaksa who is currently overseas.

Vehicle importers highlight that a vehicle imported in the current market condition will cost consumers 60 to 70 percent more than the pre-pandemic prices.

Former Urban Settlement Development Authority (USDA) Chairman Raja Edirisuriya will lead Sri Lanka’s apex investment promotion agency, the Board of Investment (BOI) Mirror Business learns.

Indian multinational information technology services, HCL Tech, which has centers across the world, including Sri Lanka, has been accused by American think-tank Economic Policy Institute (EPI) of wage theft in the US.

Sri Lanka’s growing aging population will receive improved focus by the United Nations (UN) as efforts are underway to further strengthen capacitated Senior Citizen Committees (SCCs) in the Southern province.

A special programme has been launched by the Ministry of Tourism to increase the number of international airlines and private jets landing at the Mattala Rajapaksa International Airport (MRIA).

In a move to promote the gem and jewellery sector, a gazette notification for ordering gems worth up to US$ 3000 online received Cabinet approval this week.

Colombo is considered to be the most developed in terms of IT infrastructure and knowledge, however, it is not anymore the birthplace of ’’interesting’’ startups, says Information and Communication Technology Agency (ICTA).

At least three prominent members of Sri Lanka’s apex investment promotion agency, Board of Investment, have resigned from their positions with immediate effect, Mirror Business learns.

Sri Tourism has earned high media mileage at the ongoing Expo 2020 Dubai as the pavilion has been successful in obtaining over US$ 124,000 worth of media coverage showcasing the island nation as a tourist destination.

In a move to encourage the influx of foreign remittances, the Central Bank of Sri Lanka (CBSL) announced today what it called an “exclusive offer” for migrant workers for the December festival season.