Sri Lanka could be committing an “intergenerational sin” by accumulating excessive sovereign debt, potentially leaving future generations unable to manage the country’s financial future, warned University of Edinburgh Honorary Professor Lee C.

Sri Lanka’s tourism industry is at risk of a winter season collapse due to delays in reactivating the Electronic Travel Authorisation (ETA) system, stakeholders warned this week.

The Free Trade Zone Manufacturers’ Association (FTZMA), in a strongly worded letter to the Board of Investment (BOI), called for immediate intervention to resolve the issues in obtaining business visa to Sri Lanka for foreign nationals.

Sri Lanka’s tourism industry is grappling with lower number of licensed tour guides, which could threaten the country’s ability to cater to the expected five million visitors by 2030.

As all political manifestos, ahead of the elections, are filled with promises about boosting exports, the Joint Apparel Association Forum (JAAF), the apex body of Sri Lanka’s apparel sector, voiced sharp criticism regarding the inconsistency in tra

Sri Lanka’s leading fully integrated power sector conglomerate, LTL Holdings Ltd announced the largest IPO to date on Colombo Stock Exchange (CSE), with plans to raise up to Rs.20 billion by offering 22.3 percent stake in the company.

The tourist arrivals in August fell furthest away from the target seen so far during the year, according to the provisional data released by the Sri Lanka Tourism Development Authority.

Merchandise trade deficit, what Sri Lanka spent for its imports over its exports, expanded in July and so was for the cumulative seven months as imports gained pace with the economy normalising.

Inflation in the Colombo district slowed sharply in August, as both food and non-food prices cooled after the government started cutting the tariffs of the utilities and fuel, ameliorating the price pressures through the supply chains.

As Sri Lanka prepares for its presidential elections on 21 September, candidates are unveiling their economic strategies, which could shape the country’s future.

While the current International Monetary Fund (IMF)-backed debt sustainability path presents no silver bullet for the economy, possible attempts to stall the reforms in the aftermath of the upcoming presidential elections are likely to result in a su

As Sri Lanka will see some major changes in about three weeks time with the upcoming Presidential election, President Ranil Wickremesinghe asserted that to sustain economic growth, it’s vital to adhere to the agreement with the International Moneta

Sri Lanka’s apparel sector performance expanded in the month of July from the corresponding period of the previous year, indicating an improvement in the order books.

The College of Industrial Technology at KMUTNB and Times School of Higher Education sign MoU on academic cooperation, research, and student exchange.

Australia’s United Petroleum plans setup a food manufacturing venture in Sri Lanka with an investment of US$ 20-30 million to produce pies and other convenience food items under Australia’s iconic pie brand ‘Pie Face’.

The transshipment volumes declined for the third straight month, bringing to a four-month low in July this year, as the Colombo Port started to see competition from the newly operationalised Adani’s Vizhinjam Port located in South India.

Sri Lanka’s merchandise exports climbed 6.6 percent year-on-year in July 2024 to US$ 1.087 billion due to higher earnings from apparel and textiles, tea, coconut-based products, spices, and seafood. Exports also edged up 1 percent compared to June

The consumer prices measured nationally were a tad higher in July, rising by 2.5 percent from the same month a year ago, picking slightly up from 2.4 percent through June, as the higher base effects last year were dissipating.

As Sri Lanka’s hospitality sector gradually gains global attention, two regional industry stakeholders highlighted the urgent need for Sri Lanka to step up its focus in facilitating its tourism industry in the digital landscape.

The Central Bank expressed its confidence about the ability to maintain inflation below its medium target of 5 percent through the first quarter next year, before seeing a temporary uptick in the prices towards the second half of 2025, before converg

Sri Lanka has set its eyes on welcoming three million tourists next year, aligned with the Sri Lanka Tourism Promotion Bureau’s (SLTPB) plans to launch the much-awaited tourism promotion campaign covering the key source markets, starting from the

Sri Lanka’s political and bureaucratic leaders should reassess the current debt sustainability plan with a fresh Debt Sustainability Analysis (DSA) to establish a realistic path out of the debt crisis, a top economist said, whilst also urging gover

Sri Lanka’s private sector is quick to lament the brain drain and staff shortages but it seems that it is contributing to the problem by failing to offer salaries that support a decent standard of living.

As sustainability is no longer a choice but a necessity for the textile and apparel industry, a top public official stressed that large industry players have an inherent responsibility and a larger role to play in guiding and supporting the whole ind

Sri Lanka’s insurance industry is poised to benefit from the ongoing recovery in economic activity, Central Bank Governor Dr. Nandalal Weerasinghe said, as improved business conditions, low inflation and low interest rates in conventional financial

Sri Lanka’s tourism industry, which only recently celebrated the suspension of the VFS Global-led visa issuing system, is now grappling with a significant crisis.

The tourist arrivals to Sri Lanka maintained momentum in August, as within the first eight days of the month, over 53,000 international visitors entered the country.

As Bangladesh, a major player in the global apparel market, grapples with a severe crisis, Sri Lanka is poised to benefit from some apparel orders in the short term, according to the Joint Apparel Association Forum (JAAF).

Sri Lanka is becoming a favoured destination among the international travellers, with a notable increase in Google searches for accommodation, according to a US-based Google specialist.

Sri Lanka affirmed its commitment to achieving Sustainable Development Goals (SDGs) and reaching net zero carbon emissions by 2040, for which President Ranil Wickremesinghe outlined some measures the island nation will roll out in this regard.