With the worsening power crisis limiting trading to two hours, the Colombo bourse yesterday plunged by over 4 percent on margin selling as investors await cues from the authorities as to how they are going to resolve the country’s worst economic c

The Central Bank of Sri Lanka (CBSL) yesterday suspended the money-changing permit of Prasanna Money Exchange, for offering higher exchange rates above the rates specified by banks.

In an effort to extend some form of assistance to the IT/BPO sector during the ongoing power cuts, the Information and Communication Technology Agency (ICTA) has made arrangements to make its resources available to industry stakeholders affected by t

Sri Lanka’s government debt sharply rose to 109.3 percent of the county’s gross domestic product (GDP) in 2021 well above the frontier market average of 60 percent, according to the Institute of International Finance (IIF), a Washington-based glo

CFA Society Sri Lanka in collaboration with Ernst & Young will be hosting a panel discussion with ICTA General Counsel and Sri Lanka CERT Director Jayantha Fernando, EY Global Delivery Services Associate Director Nakul Chopra, NDB Capital Holdings Li

Sri Lanka’s national chamber for the IT/BPM industry, SLASSCOM - through its Women Technopreneurs Forum - in partnership with IFC and the Government of Japan, recently organised a unique hackathon focused on women technopreneurs, with the aim of br

Amid the ongoing 13-hour-long power cuts, the Board of Investment (BOI) has introduced a hotline (077-1211213) for enterprises under its purview to further facilitate ease of communication with the BOI.

The Sri Lanka Retailers’ Association (SLRA), the apex body for organised retail in Sri Lanka, has issued a communique requesting landlords, lessors and business partners to reduce leases and rentals for the association’s membership.

Expressing serious concerns on the management of Sri Lanka’s wind resources and potential foreign exchange outflows in decades to come, Ceylon Electricity Board Engineers’ Union (CEBEU) yesterday opposed the government’s decision to entertain u

Sri Lanka’s economy grew 3.7 percent in the year 2021, with the fourth quarter growth coming at 1.8 percent, the data released by the Department of Census and Statistics (DCS) showed on Monday.

The main Opposition Samagi Jana Balawegaya (SJB) yesterday called for the immediate bridging of Sri Lanka’s finances until steps are taken to settle its financial obligations, but expressed doubts that the nation will be successful in this endeavou

Swathes of Sri Lanka faced prolonged power cuts yesterday as a deepening economic crisis roiled markets and buffeted businesses,

The amalgamation of Commercial Leasing and Finance PLC with LOLC Finance PLC has led to an ad hoc constituent change in the S&P SL20 index.

Sri Lanka’s decision to seek a rescue package from the International Monetary Fund (IMF) has sparked a debate whether the Fund’s support would come at the expense of growth, as both growth and stability remain key for Sri Lanka to emerge victorio

Tourist arrivals to Sri Lanka crossed the 100, 000 mark for a month since February 2020, just before the country closed its borders for tourists due to COVID-19 pandemic.

The Information and Communication Technology Agency of Sri Lanka (ICTA), the lead agency in the island nation for the implementation of information and communications technology initiatives by the government,

The Cabinet nod has been granted to table the International Monetary Fund (IMF) staff report on Sri Lanka, published under Article IV of the IMF Agreement in Parliament.

Sri Lanka’s bilateral trade with India has grown by a notable 40 percent in 2021 over the previous year, overcoming the pandemic-induced challenges.

The daily power cuts, which have taken a massive toll on the everyday lives of the people and broader commercial sector, have now affected the water supply in the country, as several areas are experiencing over 24-hour water supply interruptions, cau

Advancing the government’s vision for a smart nation, the Cabinet of Ministers cleared the path for the Technology Ministry to roll out a more comprehensive centralised email and a collaboration platform for the public sector.

The Cabinet nod has been granted this week to issue orders granting incentives and exemptions for investments in the Colombo Port City (CPC) Special Economic Zone and introducing a separate mechanism under Foreign Exchange Act No. 12 of 2017, in acco

Brown & Company PLC has announced a debenture issue to raise Rs.2 billion, with an option to issue up to further Rs.3 billion. Each listed rated senior guaranteed redeemable debenture is offered at Rs.100.

The Tourism Ministry yesterday said that plans are afoot to resume flights to Moscow at the earliest.

The tourism industry stakeholders yesterday called on the Sri Lanka Tourism Development Authority (SLTDA) to refrain from painting a misleading picture to the government and instead present the realities of the sector.

Sri Lanka’s merchandise export earnings crossed the US $ 1 billion mark for the ninth consecutive month in February, despite a shortfall in some of the key agricultural exports, including tea.

Sri Lanka is inches away from fulfilling the monthly tourist arrival target set by the Tourism Ministry, with the figures for March showing that over 95,000 visitors have entered the country for the month so far.

Sri Lanka has sought an additional credit line of US $ 1 billion from India to import essentials amid its worst economic crisis in decades, two sources said yesterday, as the Indian foreign minister began talks with the government of its neighbour.

SriLankan Airlines yesterday announced the immediate suspension of operations between Sri Lanka and Moscow, Russia, due to operational restrictions that are outside of the airline’s control.

UB Finance Company Limited may seek a listing on the Colombo Stock Exchange this year, after the parent company Union Bank of Colombo PLC bolstered its capital via a Rs.2.0 billion rights issue last October.