The foundation laying for Rigid Tyre Corporation (Pvt.) Ltd., tipped to become Sri Lanka’s largest fully integrated tyre manufacturing facility with an investment of Rs.11.25 billion, took place in Horana yesterday.

Sri Lanka has been listed as one of the 20 hottest luxury tourism destinations in 2017 by business media conglomerate, Bloomberg.

Sri Lanka’s leading export entity, MAS Holdings (MAS), yesterday unveiled the plaque for its US$ 28 million MAS Fabric Park in Giriulla which will be manufacturing products for one of its key customers, the sports and lifestyle brand Nike.

Sri Lanka’s Finance Ministry Secretary Dr. R.H.S. Samaratunga yesterday said 2017 would be a year of many challenges and the 365 days of the year should be managed properly to implement more than 325 budget proposals in 2017.

The foundation laying of Rigid Tyre Corporation (Pvt.) Ltd., which is tipped to become Sri Lanka’s largest fully integrated tyre manufacturing facility with an investment of Rs.11.25 billion, is set to take place this Thursday (January 5), a co

Sri Lanka’s rice prices have sky rocketed with Maha seasonal harvest being hit by drought and a alleged foul play by a government minister in releasing the paddy stocks held by the government. Officials say the harvest of the next Yala season i

ECONOMYNEXT:  Sri Lankans have been warned to conserve water and electricity as the country braces for perhaps the worst drought since the early 1970s, with crop output down and possible shortages of drinking water, officials said.

Havelock City, the premier mixed-use development project in Sri Lanka, ceremoniously conducted the ground-breaking and inauguration of its commercial development project under the auspices of Overseas Realty Chairman and visionary businessman S.P. Ta

Sri Lanka’s diversified Hayleys group yesterday revealed its latest venture, the ‘World Export Centre,’ a state-of-the-art ‘A’ grade office twin towers, with 55 floors each, having 3.8 million square feet of commercial&n

Sri  Lankans walk past a Christmas tree displayed in Colombo on December 25. Sri  Lanka  surpassed the world record for the tallest artificial Christmas tree despite building delays forcing organizers to prune the structure by almost h

A roadside vendor is seen selling Christmas decorations ahead of Christmas Day in Colombo yesterday. Christians account for around six percent of Sri Lanka’s 21 million population  Pic by Damith Wickramasinghe

Highly respected economist Prof. Razeen Sally this week revealed clear attempts by certain powerful individuals in the government to undermine the good work of the incumbent Central Bank...

By Supun Dias The annual Tourism Fest 2016, organised by the Tourism Development and Christian Religious Affairs Ministry, was declared open by Prime Minister Ranil Wickremesinghe at the Independence Arcade, this Tuesday.  Attracting a substanti

The Sri Lankan government and the Asian Development Bank (ADB) yesterday signed the agreement to provide a US$ 115 million loan to uplift electricity supply in Sri Lanka’s rural regions, a Finance Ministry communiqué said.

The International Monetary Fund (IMF) called for further strengthening in the financial sector supervisory and regulatory framework, as the recent rapid growth seen in credit has slightly lowered the capital adequacy ratios (CARs) of banks and financ

 The European Union (EU) has pledged to extend its assistance to promote investment in Sri Lanka under the current government’s set economic development programme. The EU Ambassador to Sri Lanka Tung-Lai Margue met with Finance Minister Ra

With a view to further promote bilateral trade and commercial activities, the Ceylon Chamber of Commerce (CCC) this week signed a Memorandum of Understanding with the Chamber of Commerce and Industry of the Republic of Tajikistan.

The International Monetary Fund (IMF) last week said the pace of structural reforms earlier agreed 

The International Monetary Fund (IMF) last week revised down its full year growth targets set for the 

Finance Minister Ravi Karunanayake making a sudden inspection tour of the Inland Revenue 

Sri Lanka’s economy could possibly be at the early stages of spiralling into another crisis if the trend 

Sri Lanka should not be excessively taxing and dictating terms to the proverbial goose that lays the 

The Central Bank is awaiting the Parliament nod for the 2017 budget to decide on as to how it could 

A high-powered business delegation from Belgium visited Sri Lanka this week

The Governor of the Central Bank of Sri Lanka this week praised the budget proposal to subject fiscal 

An official from the United States Treasuries is now in town to advise the Central Bank on improving 

Sees adequate monetary space for economy to grow at 5.0% in 2016 and 6.3% in 2017  

??By Chandeepa Wettasinghe Sri Lanka could become one of the world’s most competitive tourism 

CB, IBSL, SEC and SLAASMB are implementing agencies   

Sri Lanka’s packaging industry this week received praise and a support pledge from the country’s