Sri Lanka could run the risk of defaulting on its loan payments during the next four-year period, if fiscal policy is loosened drastically, according to Central Bank Governor Dr. Indrajit Coomaraswamy.

A lecture and discussion on “Trade theory and Global Experience on Trade Protection; its Benefits and Limitations” was held at the Sri Lanka Export Development Board recently with the participation of Professor Robert Lawrence, Professor

The Central Bank will be calling for proposals from major audit firms to conduct an internationally-led forensic audit into treasury bonds issuances and the Employees’ Provident Fund (EPF) investment decisions during former Central Bank Governo

Making a strong case for free cross-border trade, Harvard Kennedy School’s Professor Robert Lawrence, delivering a lecture in Colombo last week, highlighted that tariffs are the wrong way to raise revenue for a government.   

The Colombo bourse’s indices ended yesterday’s trading in the red territory with the outcome of Saturday’s local government election weighing on the investor sentiment.

The local government election upset for the incumbent coalition could spell doom for the country’s economic reform agenda if Former President Mahinda Rajapaksa loyalist faction’s Sri Lanka Podujana Peramuna (SLPP) pushes its advantage in

People select vegetables at a supermarket in Fuyang, in eastern China’s Anhui province. China’s factory inflation eased to a 14-month low in January while consumer prices grew at their slowest rate in six months, official data showed yest

A Memorandum of Understanding (MOU) has been signed between the Department of the Registrar of Companies and the Department of Labour to share information between the two departments for the establishment of a web-based single window for business re

The Development Strategies and International Trade Ministry of Sri Lanka and Industry and Trade Ministry of the Czech Republic entered into an agreement of mutual cooperation yesterday.

The Information and Communication Technology Agency of Sri Lanka (ICTA) in collaboration with the Import and Export Control Department (IECD) has developed an online license issuing and debiting system to further simplify and accelerate import/export

AFP: A South Korean appeals court yesterday upheld Samsung heir Lee Jae-Yong’s bribery conviction but cut his prison sentence to a suspended term, ordering his immediate release.

President Maithripala Sirisena said yesterday the fight against corruption is the self-defence of the nation and stressed that it has become one of the main impediments to the progress towards prosperity, which is the aspiration of all citizens.

Germany’s Allianz S.E., the world’s leading insurance firm, this week fully acquired the Janashakthi Insurance PLC’s general insurance business for Rs.16.4 billion, eyeing a top spot in Sri Lanka non-life insurance landscape.

The Central Bank of Sri Lanka issued a circulation standard commemorative currency note in the denomination of Rs. 1000 to mark the 70th Independence celebration in the country. The currency note was officially presented to the Finance and Mass Media

ThisJanuary the local karting scene was taken to an international level as the first ever X30 Asia Cup was held at the Sri Lanka Karting Circuit in Bandaragama. The event was organized by the David Pieris Racing & Leisure (Private) Limited and

Sri Lanka improved its budget transparency last year compared to two years ago under the Open Budget Survey, although it ranked the second lowest among its South Asian peers, according to Verite Research (Pvt) Ltd.

The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) signed last week is credit positive for both sovereigns and more so for Sri Lanka as the trade pact is expected to enhance cross-border trade of goods and services and would promote foreign direct

Foreign Direct Investment (FDI) to Sri Lanka grew to over US$1.63 billion in 2017, doubling from the US$802 million achieved in the previous year, the state-run investment promotion agency said. 

The Jaffna International Trade Fair (JITF 2018), the largest consumer exhibition and trade fair in the fast-growing Northern region opened yesterday, for the 9th consecutive year. Here Primary Industries Minister Daya Gamage and Northern Provincial C

Former Central Bank Governor Ajith Nivard Cabraal said yesterday the government was taking extreme measures to control the damage caused by the Central Bank (CB) bond scam instead of taking action to bring the culprits to book.

The Plantation Industries Ministry will set up an agency to monitor the 20 regional plantation companies (RPCs) on their tea production operations and financial affairs. “We have to get the processes right. Especially in the RPCs, we have to ge

In the post-free trade agreement (FTA) era, the Sri Lankan and Singaporean governments now have to create a comprehensive trade and investment plan in a collaborative manner to boost bilateral commerce, according the Singaporean Minister for Trade an

Striking a heavy blow to the aspirations of the Ceylon Electricity Board (CEB) engineers to include coal in Sri Lanka’s future power generation mix, their peers working at the Norochcholai coal power plant have in a petition noted that fly ash

Hela Clothing, one of Sri Lanka’s leading global apparel solutions provider recently produced and shipped their one millionth garment from their factory in Ethiopia. 

Sri Lanka’s largest education exhibition and job fair, EDEX Expo opened at the BMICH yesterday. The expo which is held for 32nd time was declared open by Prime Minister Ranil Wickremasinghe as Chief Guest. Education Minister Akila Viraj Kariyaw

The exports continued to record a growth momentum for more than eight months in 2017, compared to 2016, except in three instances, the Export Development Board (EDB) said this week.

Serendib Flour Mills (Pvt.) Ltd, the second largest flour mill in Sri Lanka, hopes to further catch up to its competitor over the next three years with foreign direct investment (FDI) exceeding over 27 million Swiss francs. 

Export-Import (Exim) Bank of India has extended a US $ 45.27 million credit line to Sri Lanka to upgrade and rehabilitate the Kankesanthurai (KKS) harbour as a commercial port.

Xiaoru Cai, a Forbes-listed young billionaire of mainland China, has signed the partnership agreement and committed to invest US $ 30 million into SupremeSAT, the Sri Lankan satellite company, through his Shenzen-listed company, Tatwah Smartech.

The Central Bank of Sri Lanka must be careful when building up more foreign reserves than planned if they come at the cost of overall macroeconomic performance, according to the International Monetary Fund (IMF).