Sri Lanka ranks among the top three countries in the Asia-Pacific (APAC) for cyberattack vulnerability, with nearly 35 percent of internet users affected in the first seven months of the year, according to the cybersecurity provider Kaspersky.

Sri Lanka’s tourism industry commended the decision to suspend the e-Visa portal run by VFS Global, but urged the reinstatement of the old online system at the earliest to minimise inconvenience for tourists.

The International Monetary Fund (IMF), during its recent mission to Sri Lanka, said the 2025 budget needs to be underpinned by appropriate revenue measures and continued spending restraint.

Sri Lanka’s deficit in the merchandise trade account continued to soften on a monthly basis as the earnings from exports rose faster than what the country expensed for imported goods in June.

Inflation in the Colombo district came in at 2.4 percent in July from a year ago, slightly higher from June’s 1.7 percent, as the favourable base effects are dissipating.

Premier blue-chip company John Keells Holdings PLC reported a decline in group profitability for the first quarter of the financial year 2025 (1Q25) due to pre-opening expenses and non-cash exchange losses of its upcoming high-profile property, and a

Sri Lanka’s estimated four million informal sector employees may soon be absorbed into the formal sector, granting them the dignity of their labour through two landmark initiatives.

​The Central Bank last week said it does not want to intervene in setting the interest rates, and will leave them to market forces.

The State-Owned Enterprise Restructuring Unit (SOERU) yesterday addressed the misconceptions regarding the divestiture of Hotel Developers Lanka (HDL) Ltd and Sri Lanka Telecom PLC (SLT).

President Ranil Wickremesinghe yesterday unveiled a blueprint to transform the country’s outdated plantation sector towards a modern and thriving agro-business by rolling out a slew of major reforms with an inside-out approach.

The Central Bank trimmed the policy rates by 0.25 percentage points. While the decision caught some sections of the economy off guard, others were not surprised.

Sri Lanka’s merchandise export performance for the first half of the year (1H24) totalled US$ 6.098 billion, a 3.87 percent growth Year-on-Year (YoY) when compared with the corresponding period in 2023.

The transshipment volumes declined for the second straight month in June this year, as some services rerouted to avoid the heavy congestion at the Port of Colombo.

The Sri Lanka Shippers’ Council strongly criticised successive governments for their inconsistent....

Sri Lanka’s Palm Oil Industry Association (POIA) yesterday urged the government to make evidence-based decisions regarding the ongoing delay in lifting the ban on palm oil and allow the small-scale cultivations in specified areas.

Sri Lanka’s workforce challenges took centre stage yesterday as local and international experts gathered to find solutions to the island nation’s growing talent drain.

As Sri Lanka awaits the removal from ‘restrictive default’, a status discouraging the potential investors, experts are optimistic about the nation’s ability to move beyond this ranking.

Businesses were yesterday urged to pass on the benefits from the recent electricity tariff reduction to consumers, who are grappling with the country’s high cost of living.

Sri Lanka’s commercial sector can breathe a sigh of relief as the Public Utilities Commission of Sri Lanka (PUCSL) approved the awaited reduction in electricity tariffs.

The stock market’s performance has been lackluster in recent weeks. However, the upcoming corporate...

As Sri Lanka strives towards economic recovery by reducing its reliance on imports, President Ranil Wickremesinghe called for seizing new export market opportunities, particularly in the cinnamon sector.

Hambantota International Port (HIP) reported a strong performance in the first half of the year (1H24) with significant growth in LPG operations and bunker volumes, highlighting its expanding capabilities.

Sri Lanka’s tourism industry has expressed serious concerns over the government’s decision to outsource visa issuance, making entry slightly more expensive.

Sri Lanka’s construction industry, crippled by poor policies and crisis events, is bouncing back with renewed vigor, industry leaders said, as they see a surge in interest surpassing even the boom times of economic growth.

Sri Lanka’s tourism industry requires a major shift towards long-term thinking and a collective approach to protect and promote the country’s natural resources, a prominent marine scientist said.

With the completion of three key steps in its debt restructuring— the finalisation of Domestic Debt Optimisation....

The International Monetary Fund (IMF) said it is awaiting further information regarding Sri Lanka’s recent negotiations on the International Sovereign Bonds (ISBs), to ensure compliance with the debt sustainability objectives under its programme fo

Sri Lanka’s private sector delivered a scathing critique yesterday, slamming authorities for their sluggish response in shielding industries from disruptions caused by key institutions such as Sri Lanka Customs.

Sri Lanka has successfully concluded its discussions with the bondholders, reaching an agreement on the restructuring terms yesterday. This follows an unsuccessful first round of talks in April.

Sri Lanka’s State-Owned Enterprises (SOEs) that come under harsh criticism for their financial inefficiencies have reported “robust performance” in the first four months of 2024, according to the Ministry of Finance.