The oil rich Gulf state Qatar has expressed interest in investing Sri Lanka’s tourism, power and agriculture sectors.

The 2018 budget will feature significant support for small and medium enterprises (SMEs) to compete in global markets, according to Finance and Mass Media Minister Mangala Samaraweera, whose ministry in an earlier occasion said Samaraweera would

Sri Lanka’s top policy markers recently outlined the need to open the country’s agriculture and industry sectors to market forces in order to enhance the economy’s competitiveness and reorganize labour markets.

Oil prices held steady yesterday, with Brent crude hovering near US $ 60 a barrel, buoyed by comments from Saudi Arabia’s Crown Prince backing the extension of OPEC-led output cuts. International benchmark Brent crude futures LCOc1 were up 3 ce

The top management of the Ceylon Electricity Board (CEB) will be dealt with appropriately for not facing the public and explaining why it is not responsibly discharging its duties to ensure energy security in Sri Lanka in an efficient manner, a visib

The 269-hectare sea reclamation project by China Harbour Engineering Corporation extending Galle Face sea front has reached the halfway mark. The project is expected to be completed by mid-2019. The picture shows two dredgers at work

Sri Lanka’s Central Bank is currently working towards breaking the trend of the country’s economic agenda being hijacked by electionsor other such political developments, by making an attempt to institutionalize the various frameworks for

On the eve before the staging of the first edition of the ‘Rising Star Awards’ to recognize outstanding young talent in the hospitality industry, the head of The Hotels Association of Sri Lanka (THASL) urged the government to take a close

An increasing number of Sri Lankan tea exporters are setting up tea processing facilities outside Sri Lanka, as the government doesn’t have a “backbone” to implement its own policy of creating a tea hub in the country due to influen

The Colombo International Shopping Festival 2017, organized by the Tourism Development and Christian Religious Affairs Ministry in collaboration with the Sri Lanka Tourism Promotion Bureau and Sri Lanka Retailer’s Association opened its doors t

Workers’ remittances, the key foreign exchange earner of the dollar-hungry nation, suffered a major setback this August, delivering a severe blow to the US $ 81 billion economy already grappling with massive debt load and outstretched current a

  Law and Order and Southern Development Minister Sagala Ratnayaka this week said the government had strengthened the brand – Sri Lanka by establishing freedom, democracy and good governance and is seeing an upswing in the foreign direct

Japan Bank for International Cooperation (JBIC) reiterated their support for Sri Lanka’s economic programme during a meeting with Minister of Finance and Media Mangala Samaraweera.

Finance State Minister Eran Wickramaratne lashed out at the national carrier, SriLankan Airlines, at a recent forum in Colombo, saying that the airline has no business proposition even with a change in the management.  

Finance and Mass Media Minister Mangala Samaraweera met with Millennium Challenge Corporation’s (MCC) Regional Deputy Vice President for Europe, Asia, Pacific and Latin America, Fatema. Z. Sumar to review the progress of its 5-year ‘Grant

Sri Lanka has confirmed the purchase of 500000 metric tons of rice from four global suppliers to face pressure from its domestic markets distressed by paddy shortfall for three straight seasons.  Shipments from one country are already being offl

The Sri Lankan government will look to streamline the regulatory process which has so far handicapped the ability of local companies to hire foreign labour by providing greater powers to the Immigration and Emigration Controller, according to Finance

Finance and Mass Media Minister Mangala Samaraweera, who is currently in Washington to attend the World Bank/International Monetary Fund annual meeting, met with US Under Secretary for Political Affairs Ambassador Thomas Shannon at the US State Depar

One of the harshest critics of government economic policies, former Central Bank Deputy Governor W.A. Wijewardena,  

No sooner the first-ever national small and medium enterprise (SME) policy of the country has been unveiled, Sri Lanka is moving to implement it without delay, the country’s Industry and Commerce Ministry said.

Sri Lanka once again proved that it was becoming a favourite hotspot to provide picturesque locations for the Bollywood film industry when it selected Sri Lanka to do the cover shoot of the November issue of Filmfare magazine with Deepika Padukone, o

International Monetary Fund (IMF) Chief Christine Lagarde said Thursday a worldwide economic recovery is taking hold, opening a window for countries to enact reforms aimed at attaining broader, lasting prosperity.

The Big Bad Wolf book sale, which is considered the world’s biggest, was opened to Sri Lankan public yesterday at the Sri Lank Exhibition and Convention Centre (SLECC).

Sri Lanka yesterday signed an agreement to modernize and improve the efficiency of its financial sector, which in turn will help small businesses and entrepreneurs compete in the markets and create better jobs.

Amid the controversy surrounding the draft new constitution, the government behind closed doors is drafting a new legal framework to administer the China-backed Colombo International Financial City (CIFC), the 500-acre Colombo sea front reclaimed for

Creating a landmark in the history of education in Sri Lanka, the Government of Sri Lanka has launched a free medical and personal accident cover for all schoolchildren of the nation.

The International Monetary Fund last week said Sri Lanka is so far doing well in its economic reforms to reach the targets to remain eligible for the US$ 1.5 billion Extended Fund Facility (EFF), despite the challenges posed by the recent climate sho

The International Monetary Fund (IMF) yesterday warned Sri Lanka should be ready to change its monetary policy if any unexpected shocks lead to increased credit growth in already sensitive sectors of the economy, despite a clear decline in private cr

The Petroleum Resources Development Ministry has reopened the ex-Cairn M2 block in the Mannar Basin for development and commercialization through a limited tender offer under a strategic plan to expedite oil and gas exploration and development,

Hilton Colombo yesterday reached the three-decade milestone in serving Sri Lanka’s tourism landscape.