The hyped up Milleniya Export Processing Zone (EPZ) in the Kalutara District, which is to be developed as a public-private partnership with Thai industrial park development giant, Rojana Industrial Park Public Company Ltd (Rojana), will attract US $

The Toyota Corolla KE10 - KE55 car owners’ club held the 3rd grand Corolla Classic Car Rally yesterday.

Laksala, Sri Lanka’s apex market facilitator that promotes the country’s historic arts and crafts, is becoming a recognized Sri Lankan brand among tourists visiting Sri Lanka, Minister of Industries and Commerce Rishad Bathiudeen says.&nb

Ravi Karunanayake, who recently resigned as the Foreign Minister, after being linked to a controversial bond dealer under investigation,

Shangri-La Hotels and Resorts yesterday announced that Shangri-La Hotel, Colombo is set to open on 16 November 2017. 

While lauding the government for the steps taken to develop the Hambantota port as a public private partnership (PPP), Ceylon Chamber of Commerce (CCC) yesterday in a statement urged the government to ensure that the principle of collective responsib

East West Marketing, a fully owned subsidiary of Nawaloka Holdings has widened its portfolio through ‘Bakewell’, a brand that houses an prominent range of bakery equipment to meet the emerging and growing needs of today’s out of hom

Sri Lanka Customs Department recently opened a Sub Preventive Office in Kankasanturai after a lapse of 34 years under the patronage of Finance and Mass Media Minister Mangala Samaraweera and Northern Province Governor Reginald Cooray.

AFP: Asian equities extended heavy losses yesterday as a worldwide sell-off triggered by US President Donald Trump doubling down on his North Korea rhetoric showed no sign of abating.  European markets also slid in early trade after Wall Street

Top packaging exporter and pioneer in Sri Lanka’s tea packaging sector, Printcare PLC, is to invest Rs.750 million in new label printing technology hitherto unavailable in Sri Lanka, the company said. “We have a history of innovation and

Sri Lanka’s private sector credit has made a surprise recovery in June on the contrary to the widespread expectation that demand for private loans is easing in response to the back-to-back policy 

A group of foreign tourists and some local tourists watch a session of snake charming at the Victoria Park, Nuwara Eliya. 

A huge sub-sector within Sri Lanka’s crucial Small and Medium Enterprises (SME) that directly impacts national food supply and security is being positioned for exports. Encouraged by raging exports in this sector, Sri Lanka has begun work on t

Sri Lanka’s key policy interest rates are unlikely to change for the rest of this year despite calls from the International Monetary Fund to tighten the rates further, according to Central Bank Governor Dr.Indrajit Coomaraswamy said.

Jetwing, one of Sri Lanka’s three largest hospitality and tourism firms, is adding three new hotels to its portfolio later this year with Rs.850 million in investments, with the properties located at extreme ends of the island from the capital

Sri Lanka’s trade deficit in May widened to US$ 885.6 million 2017 from US$ 809.7 million a year ago as for the third consecutive month, exports growth was overshadowed by a higher import bill.

The work on the proposed industrial zone in Kalutara by the Thai-based company, Rojana, on a 1000-acre land, which will have about 200 factories, is likely to start by next year in October, International Trade State Minister Sujeewa Senasinghe said.&

The government could be following in the footsteps of its predecessors in project development, as the US$ 2 billion Colombo Suburban Railway Project aiming to modernize and electrify railroads under the grand Megapolis Plan has only taken into accoun

Sri Lanka will finally sign a US$1.1 billion deal today to lease the southern Hambantota port to China, after several months of delay caused by local protests and claims by opposing politicians that this would threaten national security.

The interim results released by John Keells Holdings PLC (JKH) for the June quarter proved that even the country’s largest conglomerate in terms of market value is not immune to the headwinds in the economy.

A senior economist this week voiced concerns over the country’s trade strategy saying that Sri Lanka should not “overhype” the potential gains from trade but should cautiously explore the ways of integrating with the global economy.

As Sri Lanka stands at crossroads, thirsty for improved economic progress and prosperity, the country’s Central Bank chief yesterday requested the private sector to take the lead in moving forward the island nation’s debt-ridden economy.&

Sri Lanka’s new tax bill, demanded by the International Monetary Fund (IMF) as a condition for a third tranche of aid disbursed this week, would seek to ensure that all citizens pay direct taxes and cut indirect taxes, top Finance Ministry offi

The Prime Minister Ranil Wickremesinghe will soon take a decision on the restructuring of the state-run national carrier SriLankan Airlines over the next couple of months, following the submission of recommendations by a Cabinet committee this week,

‘Lanka Livestock ‘17’, Sri Lanka’s biggest feed, livestock, and animal health expo was inaugurated under the patronage of Prime Minister Ranil Wickremesinghe on Thursday at SLECC, Colombo.

Sri Lanka Customs yesterday moved a step forward and became a fully-automated agency with the much-anticipated online payment platform going live.

The local trade and business landscape will see greater transparency with the implementation of a fully-fledged online payment platform for Sri Lanka Customs that will be launched today.

The International Monetary Fund (IMF) yesterday said another round of interest rate hike would be “desirable” to rein in inflation and private credit as its Executive Board completed the second review of Sri Lanka’s economic perform

While Sri Lanka has made considerable progress in thwarting money laundering and terrorist financing over the past two years, more needs to be done to improve the situation, Finance and Mass Media Minister Mangala Samaraweera said yesterday.

Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the range of services offered by their subsidiary, Total Transport Solutions Maldives (Pvt) Limited (TTS).