The stakeholders of the tourism and hospitality sector will take part in a peaceful protest today in Colombo.

A collective of information and communication technology (ITC) industry leaders in Sri Lanka yesterday called for transparency, stability in governance and fiscal management, access to dollars for start-ups and small businesses for essential services

Given the short-term uncertainty prevailing in the capital markets as well as the power outages expected to continue during the month of April,

Sri Lanka would not be facing its worst economic crisis in history in the current juncture if the Central Bank’s six-month road map was rolled out as planned, Governor Ajith Nivard Cabraal said.

The prevailing power crisis could aggravate in five months if authorities fail to release required funds to clear the coal consignments which are waiting to be cleared,

More than two-thirds of the people in Sri Lanka believe the rupee would further depreciate against the dollar after it shed 50 percent of its value in a matter of three weeks since the Central Bank’s botched currency float, which sent prices spiral

Sri Lanka’s tourism sector, which continues to face regular hurdles in its efforts towards revival, is likely to experience a major setback due to the harsh measures adopted by the government to silence the people from voicing their plight.

The Central Bank last week raised the maximum rate offered for deposits by finance companies effective from April 1, as market interest rates have surged substantially since the last revision made in December for the quarter that followed from Januar

The Ceylon Chamber of Commerce (CCC) yesterday shared its concerns and dissatisfaction over the ongoing situation in the country that adds to the distress of the already crippling economy.

Daraz Sri Lanka won the People’s Youth Choice Service Brand of the Year award at the recently held SLIM-KANTAR People’s Awards 2022, clinching the first-ever accolade for the ecommerce platform at the esteemed national awards ceremony organised b

Pro Food, Pro Pack and Ag-Biz 2022, Sri Lanka’s only comprehensive food, agriculture and packaging exhibition, will open its doors to the public and trade visitors from August 5-7, 2022, for the 19th consecutive year, at the BMICH Exhibition Centre

Aitken Spence Elevators recently won another international award for Excellence in Business Transformation at the Business Transformation Leadership Awards presented by World Leadership Congress and powered by CMO Asia.

Hambantota International Port (HIP) was named as Multipurpose Port/Terminal of the Year 2021 and Port Infrastructure Development of the Year 2021, at the recently concluded Global Port Forum (GPF) awards.

The yields of the Treasury bills continued to advance unabated at the auctions held this week, with the benchmark one-year bills adding as much as 28 basis points to 12.28 percent, as the bond investors continued to seek higher yields, which can comp

Trading at the Colombo Stock Exchange (CSE) closed for the day yesterday after a few minutes since the trading began, as the S&P SL20 index dropped below 10 percent from its previous close.

Russia has told “unfriendly” foreign countries they must start paying for gas in roubles or it will cut supplies. Vladimir Putin has signed a decree stating buyers “must open rouble accounts in Russian banks” from yesterday.

Wyavasaya 2022, a trade and educational exhibition, kicked off at the BMICH yesterday.

The National Chamber of Exporters (NCE) yesterday expressed grave concerns about the status of the export sector, as it continues to be heavily impacted by the ongoing economic turmoil.

The International Monetary Fund (IMF) confirmed that Sri Lanka has given the nod to receive support to bail its economy out from the mounting crisis situation.

A total of 4.8 MnKgs came under the hammer at this week’s Colombo Tea Auction, a dip of 0.4 MnKgs when compared with last week’s offering.

Equities fell yesterday after their worst quarter since the early days of the pandemic as traders assess the impact of the war in Ukraine and the Federal Reserve’s plans to fight surging inflation by ramping up interest rates.

Outgoing Saudi Ambassador to Sri Lanka Abdulnasser Hussain Al-Harthi stated that Saudi Arabia intends to continually provide the assistance of the Saudi Development Fund to Sri Lanka.

Traverse, Sri Lanka’s first virtual city, launched by national ICT provider SLT-Mobitel, was debuted yesterday in Colombo.

The national carrier of Maldives, Maldivian yesterday announced it has temporarily halted services to Ratmalana International Airport.

The Joint Apparel Association Forum (JAAF), the apex body of Sri Lanka’s apparel industry, reiterated its concerns over the industry’s ability to continue operations due to the prevailing fuel and power crisis.

Inflation in the Colombo district jumped to 18.7 percent in the twelve months to March 2022 accelerating from 15.1 percent in February, as prices are seen charging ahead after the rupee was floated in the first week of March.

Sri Lanka’s true consumer price inflation is running in the north of 50 percent as the official index compiled by the Census and Statistics Department does not capture the time and income lost of scores of people who stand in queues everyday for fu

Sri Lanka’s power crisis which turned from bad to worse this week could grind on for months if not years as the country’s Executive President and his government are fully fixated on their quest to make Sri Lanka a net zero carbon emitting country

Sri Lanka’s Power Minister said yesterday that power cuts could continue into May, as many parts of the crisis-hit country currently faced up to 13 hours without electricity due to a shortage of foreign currency to import fuel.

Following the amalgamation of Commercial Leasing & Finance PLC (CLC) with LOLC Finance PLC (LOFC) with effect from March 31, 2022, new appointments and re-designations have been made to the LOFC director board.