Tourism Development, Wildlife and Christian Religious Affairs Minister John Amaratunga plans to meet the Russian ambassador to Sri Lanka in an attempt to lift the travel advisory issued by the Russian Federation on visiting Sri Lanka, in the aftermat

A ceremony was held on August 24 at the site of the Bogambara Prison Complex Redevelopment to announce the opening of Phase I of the Bogambara Cultural Park project.

President Maithripala Sirisena is yet to provide an opportunity for the country’s palm oil planters to present their case, despite several attempts been made to have a one-on-one meeting with the president.

While insisting that high market lending rates are choking the economy, the Central Bank last week warned that lending caps would be imposed on banks on individual basis, if they fail to bring down th

Organised by the National Construction Association of Sri Lanka (NCASL), Construct Expo 2019, the largest and most anticipated exhibition in Sri Lanka, opened at the Bandaranaike Memorial International Conference Hall (BMICH) yesterday. This year, th

A passenger ferry service from Colombo to Union Place through Beira Lake was launched yesterday by Megapolis and Western Development Ministry under the patronage of Prime Minister Ranil Wickremesinghe. The service commences from Beira Lake near the L

(Washington) REUTERS: A senior U.S. State Department official warned on Tuesday that Sri Lanka’s appointment of a war veteran accused of serious human rights violations as head of its army could affect U.S. military cooperation and investment in th

Sri Lanka’s trade deficit in June narrowed to the lowest since October 2010 amid a significant decline in imports and a modest increase in exports, Central Bank data showed. The tra

Sri Lanka has a high potential to attract U.S. firms, which are trimming down their investments in China, and looking for alterative locations amid growing trade tensions between the world’s number one and number two economies.

Sri Lankan shares hit their lowest close in a week yesterday as investors remained on the sidelines and sought more clarity after the main opposition party, seeking to capitalise on public clamour for a decisive leader,

Sri Lanka must fulfil its commitments to foreign investors by moving ahead with the proposed amendments to Fiscal Management (Responsibility) Act and the new Monterey Law Act to ensure access to international capital markets, which is crucial for the

A leading economist in the country predicts a gloomy economic outlook for this year with economic growth stagnating at 2 percent, in the aftermath of the Easter Sunday attacks on April 21. “In 2019, we

Sri Lanka’s top executive’s lack of knowledge in modern agriculture led to ad hoc decision-making in the plantations sector, threatening an entire industry, which brings in significant foreign exchange to the country, a top minister asserted.

A family of tourists enjoying a walk along the Kurunegala lake indicating that Sri Lanka’s tourism industry is recovering fast. The arrivals have picked up since May and crossed the 100,000 mark in July—first time since the Easter attacks on Apri

The international trade fair for rubber industry “Rubexpo” opened at the BMICH yesterday. Here Plantation Industries Minister Navin Dissanayake making inquiries at a stall.

Sri Lanka’s tourism authorities target 150,000 tourists this month, betting on the continual momentum of the sector’s recovery in the aftermath of Easter Sunday attacks. August is consid

Sri Lanka’s state-run airline is set to report a loss of up to US $ 160 million this year, as tourism in the island nation suffers following the Easter bombings, the carrier’s chief executive said.

The Executive Director of Institute of Policy Studies (IPS) and head of its Macroeconomic Policy research Dr. Dushni Weerakoon has been appointed to the Monetary Board of the Central Bank with effect from July 29, the Central Bank said yesterday.

The government will work towards raising up to US$ 500 million in order to tap the Japanese bond market by selling yen-denominated Samurai bonds, Prime Minister Ranil Wickremesinghe said over the weekend.

(Colombo) REUTERS: Sri Lankan shares recovered from an intraday fall of over 1 percent to close flat yesterday, while the rupee ended weaker due to importer dollar demand. The country’s benchmark sto

The Immigration and Emigration Department is seeking funds from the Treasury to set up a deep risk analysis, targeting, tracking and operational centre to enhance measures to counter terrorist entering the country.

The United States plans to become an equal partner to Sri Lanka from a donor by assisting the island nation to address the binding constraints to economic growth through Millennium Challenge Corporation’s (MCC) US $ 480 million grant.

Sri Lanka’s largest bank, Bank of Ceylon (BOC), yesterday commenced 80th anniversary celebrations of the bank at the BMICH under the patronage of President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe. The picture shows BOC Chairman

Sri Lanka’s non-vessel owning common carrier (NVOCC) agents warn of potential disruptions to Sri Lanka’s trade with the region unless there’s no revision to current excessive regulations prohibiting shore-based cost recovery.

The China Hainan Rubber Industry Group Co. Ltd is planning to enter Sri Lanka forming joint ventures with two regional plantation companies (RPCs) by mid 2020 to develop Sri Lanka’s plantation sector with a special focus on rubber value chains.

Profits at premier blue chip John Keells Holdings PLC (JKH) during the June quarter (1Q20) plunged as revenues decelerated amid the deterioration in consumer and business sentiments and due to the changes to an accounting standard hitting the finance

Sri Lanka’s Credit Information Bureau (CRIB) plans to release credit scores of banked citizens from next month onwards, which is to be extended to all citizens by late 2020, with the CRIB switching t

Sri Lanka’s cement demand is expected to rebound by 3-4 percent this year, indicating a construction sector recovery after demand contracted by five percent last year.