The rising prices could further accelerate in the months to come to what appears to be an entrenched period of hotter consumer prices as commodities prices reached multi-year highs in the recent few weeks due to both the higher global commodities pri

The credit card spend in January 2022 fell sharply after a spike seen in the previous month in a sign of slowdown in consumer spending amid rising inflation and foreign exchange shortages crippling daily activities of the households and businesses ar

Sri Lankan police said on Sunday two men collapsed and died while waiting in separate queues to secure fuel amid sky-rocketing prices leading to record inflation.

Banks are scrambling to gauge how far the market interest rates would increase and to what extent that could have implications on their asset quality, as the borrowers are coming off of years long moratoria while economic conditions are turning soure

The Sri Lanka Logistics and Freight Forwarders’ Association (SLFFA), the apex body for the industry in Sri Lanka, will host the National Logistics Awards, which is a national-level awards ceremony for the logistics industry on March 23rd at the Sha

On the occasion of the International Woman’s Day (IWD), Raja Edirisuriya, Chairman Board of Investment of Sri Lanka (BOI) visited the Katunayake Export Processing Zone.

Defence Attachés (DAs) representing several countries made a recent tour of the Hambantota International Port to familiarise themselves with the port’s activities. Some of them showed interest in directing their country’s naval vessels to Hamba

Informa Markets in India, India’s leading B2B exhibitions organizer, brought in the 4th edition of the Renewable Energy Growth Forum at the BMICH recently.

The 17th Annual Build Sri Lanka Housing and Construction Expo kicked off at the BMICH yesterday, after a lapse of 18 months.

As the tourism sector continues to be impacted by the shortages of fuel and power cuts that are severely affecting service delivery, the Tourism Ministry this week urged the relevant authorities to give special emphasis to the reviving sector.

The queues of container ships outside major Chinese ports are lengthening by the day as COVID-19 outbreaks in manufacturing export hubs threaten to unleash a fresh wave of global supply chain shocks, ship owners, logistics firms and analysts say.

Three weeks after Russia launched its invasion of Ukraine, the war is starting to have devastating effects not only on the ground but in many countries that rely on Ukraine’s important wheat production.

Oil prices extended their gains yesterday at the end of a third volatile week of trade after slim progress in peace talks between Russia and Ukraine raised the spectre prolonged disruption to oil supply.

The tourist arrivals for the second week of March have crossed the 50,000 mark, bringing the total arrivals to the country for the year to 232,089.

SriLankan Aviation College, the training arm of the national carrier SriLankan Airlines, recently concluded seven Airbus A320 NEO and Airbus A330 Level III Differences training sessions for Gerry’s dnata and Airblue teams successfully.

The global organic tea market is set to witness growth at a CAGR of 8.2 percent and is anticipated to reach a valuation of around US $ 2.6 billion by 2032, an analysis by Future Markets Insights (FMI) revealed.

Concluding his two-day official visit to New Delhi, Finance Minister Basil Rajapaksa yesterday witnessed the signing of the agreement pertaining to a short-term concessional loan facility of US$ 1 billion extended by the Government of India to the Go

Billionaire businessman Dhammika Perera-controlled LB Finance this week acquired the controlling stake of Multi Finance from Fairway Holdings (Pvt) Limited for Rs.400 million with plans to infuse fresh capital to the company to meet minimum core cap

Responding to news reports with reference to Central Bank Governor Ajith Nivard Cabraal been asked to step down, the President’s Office yesterday said President Gotabaya Rajapaksa has his full confidence in the Central Bank Governor.

The Federal Reserve this week raised interest rates for the first time since 2018 and laid out an aggressive plan to push borrowing costs to restrictive levels next year in a pivot from battling the coronavirus pandemic to countering the economic ris

Sri Lanka’s industrial production slipped in January signaling a slowdown in overall manufacturing activities as the ongoing foreign exchange crisis, which spilled over into imports, energy and power, and transportation among other things, buffeted

Hayleys PLC is gearing to raise Rs.5.0 billion in debt through a debenture issue, but it isn’t immediately clear what the exact purposes are, although the group has a sizable debt pile, some of which may need to be refinanced.

A sudden spike in remittances has been observed since the rupee was floated last Monday as the State-owned People’s Bank, which is among the two leading collectors of remittances, said it is witnessing an influx in such inflows.

With the US dollar reaching new heights against the rupee following the floating of the currency, Labour Minister Nimal Siripala de Silva opined that special incentives are no longer required to lure in worker remittances.

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will kick off a new chapter in its highly revered conference history, as it launches its first ever regional conference in Galle on March 25th.

The Mattala Rajapaksa International Airport (MRIA) was opened up for commercial operations exactly 9 years ago on 18th March 2013, with the arrival of the first commercial flight from USA with 108 passengers.

In 2016, approximately seven million premature deaths globally were attributable to air pollution. Of these deaths, 91 percent occurred in lowand middle-income countries. According to the 2020 World Air Quality Report, of the top 40 most polluted cit

First Capital Research (FCR) revisiting its earlier forecasts said it now expects the Central Bank to deliver two more rate hikes in the second half of the year, up from the previously forecasted three for the full year, taking the total number of ra

With the participation of 600 athletes, Raid Amazones adventure programme, the largest tourism event in the country since the COVID-19 pandemic,

The Labour Department this week launched an online complaint management system allowing employees to submit their inquiries and complaints with the department swiftly and conveniently.