Consumer prices measured by the National Consumer Prices Index fell further into negative territory in October after the index tipped into deflation in September due to repeatedly cut energy prices.

The government has set its sights on an ambitious annual export revenue target of US $ 36 billion to be achieved by 2029, according to the Export Development Board (EDB).

Access to information and strategic branding are pivotal for Sri Lanka to emerge as a premier wedding destination for Indians, according to Vandana Mohan, India’s first female event manager and founder of the Wedding Design Company.

Sri Lanka witnessed an 11 percent increase in data consumption in the first nine months of this year, despite the decline in fixed broadband subscriptions, according to Capital Alliance (CAL) Research.

Standard Chartered Global Research, the research arm of Standard Chartered views the National People’s Power (NPP) coalition’s sweeping victory in Sri Lanka’s parliamentary elections as a positive development, presenting a rare opportunity to u

Majority of Sri Lanka’s plantation companies have witnessed a significant upturn in stock prices from October onwards, driven by a combination of favourable global market trends, strong sector fundamentals and overall investor sentiment.

Sri Lanka’s rupee is projected to remain on a ‘very comfortable terrain’ in the coming years, with the gross foreign exchange reserves standing to top the US $ 12 billion mark before the capital repayments to the creditors begin in 2029, accord

With an aim to boost FDI flows into the country while fostering inter-regional trade among SAARC nations, Sri Lanka’s Board of Investment (BOI) is exploring the creation of country-specific industrial parks tailored to the needs of SAARC nations.

Policy consistency is key to achieving US $ 8 billion in apparel exports next year, up from an estimated US $ 5 billion in 2024, according to the Joint Apparel Association Forum (JAAF).

As Sri Lanka stands on the cusp of a potential tourism boom, industry leaders are calling for a unified approach to drive demand for the destination while preserving its unique, authentic edge over competing markets.

President’s Counsel Dr. Shivaji Felix raised critical concerns about Sri Lanka’s Inland Revenue practices, suggesting they may place undue burdens on the taxpayers, without delivering equivalent benefits.

India-based HRV Global Life Sciences and New Horizon Global Pharma is exploring possible expansion into Sri Lanka, which is emerging as a strategic growth market in South Asia.

Hemas Holdings PLC reported strong profitability for the six months ended September 30, 2024, despite facing a challenging market environment characterised by cautious consumer spending and competitive pressure in key sectors.

Premier blue chip John Keells Holdings (JKH) sustained growth momentum in the second quarter of 2024/25, with strong performances across its core businesses, despite challenges in the leisure sector.

The Asian Development Bank (ADB) said that it remains optimistic about the continuity of the reforms in Sri Lanka but warns that there is very little room to manoeuvre as the country seeks a sustainable recovery.

Following the expected under-performance in the tourism sector this year, Sri Lanka’s tourism is poised to reach new heights with tourist arrivals projected to reach 2.9 million generating US$ 5.4 billion income.

Sweden has expressed a strong interest in expanding business collaborations with Sri Lanka, specifically to increase Sri Lanka’s contributions to its fast-growing food industry, the Export Development Board (EDB) said.

Sri Lanka along with Pakistan is poised to lead South Asian frontier markets with strong performances extending current market rally to next year amidst continuous progress in both economic and political reforms and prevailing low valuations, much an

Inflation in Sri Lanka’s Colombo district fell further in October, marking the third consecutive month of easing, with both food and non-food prices declining amid the improved supply conditions and reduced administrative costs, according to the da

Sri Lanka’s export earnings for September 2024 fell by 3.49 percent to US$ 937.95 million compared to a year earlier, with weaker demand for tea, rubber products, electronics, and seafood weighing on performance, according to data released by Sri L

As Sri Lanka prepares to resume repayment of its significant sovereign debt by 2028, a leading economist has called for a strategic shift towards trade-oriented production, to secure a primary surplus essential for debt management, once the Internati

The government could potentially cut off two-thirds of its public sector workforce expenses by strategically implementing the correct technology to streamline public services, according to former ICTA chairman.

The International Monetary Fund (IMF) has acknowledged that Sri Lanka has made significant progress in implementing reforms but emphasised that the “next big step forward” is for the island nation to reach a formal agreement with all creditors.

Sri Lanka has overtaken Malaysia to become the second largest transnational education (TNE) partner for United Kingdom (UK)- based universities by accounting for a whopping 10 percent of overall UK TNE enrollments last year.

Sri Lanka’s tourism industry is bracing for challenges, following a series of travel advisories issued by several key markets, including the United States, United Kingdom, Australia, Russia and New Zealand.

Sri Lanka’s tourism sector is poised for transformation as it seeks to balance the preservation of the country’s authenticity with the exploration of sustainable tourism and niche markets, such as culinary tourism, according to a senior official.

The national consumer prices fell into deflation in September, after the food prices cooled, while the fuel prices took away much of the heat on the non-food price inflation during the last few months.

Sri Lanka has exceeded IMF’s annual primary surplus target with the primary surplus reaching estimated 2.1 percent of GDP during the first eight months of the year.

Sri Lanka’s debt relief from its recent agreement is expected to be 19.8 percent in net present value (NPV) terms, based on a 5 percent discount rate, lower than the 30 percent NPV reduction projected in the government’s baseline scenario, Verit

Sri Lanka’s labour market has seen an unexpected shift with unemployment rates decreasing slightly over the years despite the country undergoing a series of crises since 2019, according to research conducted by the Institute of Policy Studies (IPS)