The Institute of Certified Management Accountants of Sri Lanka (CMA) stated that the accounting professional can aid in costing the products and services in the electricity industry so that the country’s energy....

Sinopec, the biggest petrochemical company in China, is likely to enter Sri Lankan market for fuel importing, distribution and selling petroleum products, informed sources said. Cabinet of Ministers....

Sri Lanka as a nation must step up efforts in establishing a social market economy, so that going forward the people can move forward with the assurance of sustainable growth and development, President Ranil Wickremesinghe said.

The leading economists of the Verite Research Sri Lanka Economic Policy Group (SLEPG) called on the relevant authorities to steer away from using Samurdhi as a determinant of eligibility for welfare benefits and instead, consider electricity consumpt

The Sri Lanka Tea Board (SLTB) along with industry stakeholders seeks a well-coordinated and synergised mechanism from the government....

As a part of the incentive package to boost worker remittance inflows, the government has decided to introduce a special duty-free.....

The Cabinet nod has been granted to seek services of two foreign firms to identify Sri Lanka’s International Sovereign Bond (ISB) holders.....

The Cabinet of Ministers has decided to appoint a committee to propose reforms to restructure the country’s power and energy sectors.....

Commercial Bank Ceylon PLC yesterday announced the voluntary liquidation of Commex Sri Lanka S.R.L, a wholly owned subsidiary.....

Joint Apparel Association Forum, the apex body of Sri Lanka’s apparel manufacturing and exporting industry yesterday said.....

President’s Counsel Ronald Chithranjan Perera is appointed as the Chairman of state-owned Sri Lanka Insurance Corporation with effect.....

The Finance Ministry is set to extend the amnesty period granted to sell or deposit excess foreign currency possessions of Sri Lankan....

Tourist arrivals to Sri Lanka edged up to 47, 293 in July compared to 32, 856 arrivals in June, though down from the peak of 106, 500 arrivals.....

The Sri Lanka Tea Board (SLTB) along with industry stakeholders seeks a well-coordinated and synergised mechanism from the government to resolve the fuel and agrochemical shortages threatening Sri Lanka’s tea production and industry sustainability.

Sri Lanka’s outward labour migration in the first half of 2022 surpassed the 2021 full-year figure amid the prevailing deep economic and political crisis in the country.

Sri Lanka recorded a rare surplus in the trade account in June after nearly two decades, as merchandise export earnings hit a fresh high while imports continued on the downward spiral reaching new lows.

The earnings from merchandise exports expanded by 20 percent year-on-year (YoY) in the month of June, fetching foreign exchange earnings amounting to US $ 1,208 million.

China continuously pops up as one of the key sticking points for Sri Lanka to reach the much needed debt sustainability as Fitch Rating this week too weighed in on the matter saying that the world’s second biggest economy could complicate the islan

John Keells Holdings PLC (JKH) reported some robust top and bottom-line performance in the three months to June (1Q23), despite the multiple vagaries coming from the economic crisis, as the business activity reached its pre-pandemic levels across all

The status of Sri Lanka’s fast-crumbling economy has been attributed to many factors, but the key reason for the downfall of the island nation is that it has been on a ‘champagne diet with a kassipu income’ for a bit too long, according to a to

Sri Lanka has asked China to help with trade, investment and tourism to help it grow sustainably, Colombo’s envoy to Beijing....

Dialog Axiata PLC (Dialog) is set to expand and improve broadband connectivity across the country with International Finance Corporation’s .....

Sri Lanka canvassed oil companies in petroleum-producing nations yesterday to import and sell their products in the Indian Ocean....

Sri Lankan exporters are set to experience increased air freight rates amid capacity constraints stemming from reduced frequencies and limits on payloads, caused by the acute jet fuel shortage in the country.

With no credible solution in sight to resolve the jet fuel shortage and the fund repatriation issues faced by the country’s aviation industry, several airlines are contemplating on suspending their operations to Sri Lanka threatening tourism indust

In order to ensure the implementation of an effective tariff revision, which sustainably addresses Sri Lanka’s energy requirements, the Ceylon Chamber of Commerce (CCC) submitted suggestions and recommendations on the proposed electricity tariffs t

Crisis-struck Sri Lanka need not wait for support from the International Monetary Fund (IMF) to get its act straight, and must get about rolling out fiscal reforms at the earliest to help ease the ongoing pressures stemming from economic mismanagemen

The current economic conditions could grind on till Sri Lanka strikes an agreement with the International Monetary Fund (IMF), which will unlock other sources of funding, as bridge financing, which the authorities were hoping for in the interim, rema

Explaining the reasons why a blanket moratorium could not be deployed to assist the crisis-hit borrowers this time, the Central Bank said its responsibility is to protect the interests of both lenders and depositors and overdoing to protect one’s i

The International Monetary Fund (IMF) yesterday said it is in the creditors’ interest for them to come on board with efforts to restructure Sri Lanka’s debt faster, as it would ensure they recover their money at a future date when they help to fa