Russia’s invasion of Ukraine will affect the entire global economy by slowing growth and jacking up inflation and could fundamentally reshape the global economic order in the longer term, the International Monetary Fund (IMF) said on Tuesday.

Tea exports across all product segments contracted for the month of February. The quantities exported totalled 21.14 MnKgs, a 2.02 MnKg dip when compared with the quantities exported in Feb 2021.

Sri Lanka’s tea sector has gained some relief with the rupee hitting an all-time low, due to the Central Bank deciding to float the currency.

After a gap of seven years, the government has decided to revisit the proposed free trade agreement (FTA) with China, a top source said.

The Cabinet nod has been given to secure a US $ 0.86 million grant from the United Nations Food and Agriculture Organisation (FAO) to prepare a framework to enhance transparency in land utilisation in agriculture and forestry, under the country’s c

The producer prices surged 17.3 percent in January 2022 over the same month in 2021, touching the highest level in recent history, reflecting that the rising commodities prices are running through the production supply chains more acutely.

Supply Chain Professionals’ Forum (SCPF) held its first network event on March 11th at Waters Edge, Rajagiriya.

Keells Supermarkets recently launched its Rs.4.6 billion, state-of-the-art centralized distribution centre (DC) in the industrial zone in Kerawalapitiya.

Ceylinco Life has obtained the expertise of Climate Smart Initiatives (Pvt) Ltd. (ClimateSI), to conduct a measurement of the carbon footprint of its country-wide operations in respect of 2021.

Unilever Sri Lanka has announced that its Unilever Food Solutions (UFS) operation in Sri Lanka has merged with its core business locally, effective 01 January 2022.

The Cabinet of Ministers this week granted approval for Finance Minister Basil Rajapaksa to initiate talks with the International Monetary Fund (IMF), though the country’s Central Bank still disputes the need for an IMF bailout for Sri Lanka to com

The government has decided to call investor proposals to build two four-star airport hotels adjoining Mattala Rajapaksa International Airport (MRIA).

Dr. Changyong Rhee, Director of Asia and Pacific Department at the IMF, Deputy Director Dr. Anne-Marie Gulde-Wolf and IMF Resident Representative for Sri Lanka and Maldives Dr. Tubagus Feridhanusetyawan met with President Gotabaya Rajapaksa at the P

The Cabinet nod was given this week to appoint a 16-member advisory committee consisting of corporate leaders and intellectuals to assist the 11-member Economic Council appointed last week.

The Cabinet nod was given earlier this week to make an exemption for non-resident investors who “inadvertently”or “unknowingly” invested their remittances directly in local companies against foreign exchange regulations.

The Cabinet green light has been granted for the Sri Lanka Tourism Promotion Bureau (SLTPB) to call proposals for a joint business-oriented promotional campaign.

Yields at the weekly Treasury bill auctions continued to climb from three weeks ago with investors still inclined for the shortest tenor bond over the 1-year bill as they continue to expect that the yields have wider room to run their course even aft

Sri Lanka’s manufacturing and services activities, as measured by the Purchasing Managers’ Index (PIM) expanded during the month of February despite significant supply side constraints.

Holger Seubert, Ambassador of Germany, Olaf Malchow, Deputy Head of Mission / Counsellor and Alexandra Voss , Chief Delegate of German Industry & Commerce in Sri Lanka (AHK) met with Raja Edirisuriya, Chairman BOI and Renuka Weerakone, Director Gene

Aitken Spence PLC emerged as the sector winner in the ‘Diversified’ category and among the top 10 Most Awarded by LMD.

Sanath P. Vidanagamage, a former private sector CEO, who now leads Growth Concept, a non-profit organization believes that building social enterprises by promoting and assisting social entrepreneurs is the best for Sri Lanka to attain social and econ

The Sri Lanka Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce announced a free webinar for corporate decision makers, CSR foundation leaders, and private educational institutions.

Governments are today establishing a data protection regime which is a foundational step in developing a broader approach to modern digital governance that protects citizens from harm while supporting useful innovation from both the public and privat

Seylan Bank PLC recently entered into a memorandum of understanding with National Chamber of Exporters of Sri Lanka (NCE), reviving a strategic partnership with the NCE to boost Sri Lankan exports in global markets.

As a pioneer in empowering humanity through innovation, Orel Corporation has offered a wide range of solutions for the consumer in Sri Lanka and abroad. Orel Corporation, under its flagship brand Orange Electric, manufactures high-quality electrical

SLASSCOM, Sri Lanka’s national chamber for the IT/BPM industry, recently signed an MOU with the Association of Human Resource Professionals (AHRP) in an effort to tie in the world of HR with that of technology.

The Finance Ministry is yet to come up with a clarification on the additional Rs.20 it promised per migrant dollar as an Avurudu bonus.

Sri Lanka’s Finance Minister held talks with a top International Monetary Fund (IMF) official yesterday, two sources said, as the island nation seeks help to deal with its plunging reserves, a sliding currency and surging inflation.

The first female French athlete team for the 20th edition of Raid Amazones arrived in Sri Lanka yesterday.

HSBC announced yesterday it has agreed to sell its branch operations in Greece to local bank Pancreta Bank, as the lender further sharpens its focus on its biggest market Asia.