Sri Lanka’s tourism authorities plan to approach multilateral donor agencies, including the Asian Development Bank (ADB) and World Bank (WB), to obtain financial assistance for the crisis-hit tourism industry.

The stakeholders of the ICT sector yesterday called on the government to treat all those in the industry equally with regard to taxes and failing to do so could lead to a disruption in the operative environment.

Oil prices hit US $ 120 a barrel yesterday after Saudi Arabia raised crude prices for July and amid doubts that an increased OPEC+ monthly output target will help ease tight supply.

Sri Lanka’s broader industrial sector fell into recession in 2018 and it continued through 2020, reflecting that the country’s shallow manufacturing sector had been contracting for years, even before the pandemic brought it to a complete halt for

Chemanex, one of the leading producers and importers of industrial chemicals and intermediates in Sri Lanka, said its prospects in the local market are looking grim at present, as the country is grappling with an unprecedented economic crisis.

Having realised the significance of jumping on the unstoppable train of Industry 4.0, Sri Lanka’s apex investment promotions agency, the Board of Investment (BOI), has set up a paperless documentation platform, where any enterprise registered under

Global Digital Asset and Cryptocurrency Association Advisory Board Chair James C. Knox, Esq. welcomes the body’s latest additions.

With the subject of national food security gaining increasing urgency, the Ceylon Chamber of Commerce, in association with the National Science Foundation, will conduct a webinar on addressing the challenges of food security, from 2:00 p.m. to 4:30 p

With intentions to expand Ceylon Exchange Mentoring (CEM) to overseas territories, the company received a strategic investment from Ataraxia Capital Partners.

Softlogic Holdings PLC is shifting from its conventional business model dominated by imports to a more domestic-oriented manufacturing with home grown brands to make up for the loss of sales coming from import restrictions and weakening purchasing po

Sri Lankan card holders pulled back on their spending in April resisting the months-long trend, but banks expect people to swipe their cards more as the going gets tougher as hyper inflation is eating significantly into their savings and real incomes

The Attorney General (AG) is scheduled to make submissions to the Colombo Commercial High Court on affected third parties including the country’s tourism industry following the enjoining order issued by the Court preventing the Russian Aeroflot fli

The Attorney General (AG) is scheduled to make submissions to the Colombo Commercial High Court on affected third parties including the country’s tourism industry following the enjoining order issued by the Court preventing the Russian Aeroflot fli

Sri Lanka is aiming to attract well over US$ 1 billion in foreign direct investment this year, an official said on Friday, as the country wrestles with its worst financial crisis since independence in 1948.

With a fresh one-year tourism revival plan in place, Sri Lanka’s tourism authorities are now targeting 800,000-850,000 tourist arrivals and earnings of US$ 800 million for this year by focusing on key source markets through joint promotional effort

Although various reasons are cited for the months-long power crisis, Sunshine Holdings PLC charged that the authorities had a lukewarm commitment towards the generation of renewable energy by the private sector.

The World Bank Group and S&P Global Market Intelligence have ranked the Port of Colombo as the No.1 Port in South Asia and Indian Subcontinent, for efficiency, in the Container Port Performance Index 2021.

Dushyantha De Silva, Managing Director and co-founder of SOZO Beverages (Pvt) Ltd was recently featured by Forbes in its seventh annual ‘30 under 30 Asia’ The Arts (Art & Style, Food & Drink) list, obtaining recognition for Sri Lanka through inte

Tokyo Cement Group reported its financial performance for the fourth quarter ending 31st March2022, with a turnover of Rs. 16,158 million reflecting a year-on-year growth of 31 percent, compared to Rs. 12,373million during the same period last year.

In another major step towards safeguarding the wellbeing of women and children from Sri Lanka’s estate sector communities, The Centre for Child Rights and Business (The Centre) in partnership with Save the Children, and key stakeholders, the Plante

The government plans to solve fuel shortages and power interruptions faced by the country’s tourism industry by setting up a new mechanism this week. The Minister of Tourism and Lands Harin Fernando announced that a special mechanism to provide fue

The large-scale irregularities in the selection process of subcontractors have partially impeded the progress of the construction of the Japan International Cooperation Agency (JICA)-funded Rs.113 billion-worth Bandaranaike International Airport (BIA

SriLankan Engineering notched up another achievement to its impressive list with the recent completion of a C check for customer airline SalamAir, an Oman-based budget airline.

Retail giant Abans has embarked on an effort to uplift the image of the island nation by promoting the ‘Sri Lankan made’ label through its robust retail platform.

The offering at the Colombo Tea Auction increased to 6.7 MnKgs this week, where the quantities met with better demand.

The Civil Aviation Authority of Sri Lanka (CAASL) has stepped up efforts to establish a stronger working relationship with the International Civil Aviation Organisation (ICAO), so that the local talent in the aviation sector can have improved access

The United Nations Development Programme (UNDP) in Sri this week reiterated the need for Sri Lanka to protect its unique ecosystem while promoting the tourism sector, as it is a crucial factor towards achieving economic recovery.

Despite the slowdown in the global apparel sector, Sri Lanka’s first textile manufacturer Hayleys Fabric said it is looking to increase its focus on value addition by moving to the higher-end of textile manufacturing.

The Cabinet nod was granted this week to lease two vessels owned by Ceylon Shipping Corporation to Singapore-based Wallem Shipping Pte. during this South Western monsoon period (from June to September).

Singer Sri Lanka PLC, the country’s premier consumer durables retailer, was duly recognised at Asia Emerging Market Awards 2022, organised by Dell Technologies.