Transshipment container volumes at the Port of Colombo fell for the second consecutive month in July by a record 7.5 percent year-on-year (YoY) to 460,736 TEUs as main shipping lines temporarily opted for alternative routes at the height of the count

The UN’s Food Prices Index has fallen for the fifth month in a row, in a sign that one of the main pressures pushing up the cost of living around the world could ease. The index fell to 138....

Amid rising operational costs, the Telecommunications Regulatory Commission of Sri Lanka (TRCSL)has granted a 20 percent tariff increase on mobile, fixed telephone, broadband plans and value-added....

With a commitment to practising responsible use of chemicals within its value chain, Noyon Lanka (Pvt.) Ltd (Noyon) has introduced ‘Planetones’, a 100 percent natural dye solution for lace, the first....

Aiming to enhance the technological knowledge while introducing the novel advancements and features, Citrix rolled out a Citrix CxO Forum recently at Spice Room, Shangri-La Colombo. Around 60 exclusive....

Seylan Bank has announced the appointment of Ramesh Jayasekara as Deputy Chief Executive Officer of Seylan Bank PLC, with effect from September 1, 2022. Jayasekara was Chief Operating....

Exterminators PLC, Sri Lanka’s premier pest management and environmental technology company, held its first Annual General Meeting (AGM) upon listing on the Colombo Stock Exchange....

Sri Lanka lost access to credit from international financial markets following the rating downgrade in April 2020. The official view of the government was that Sri Lanka could sustainably finance its external....

The recent revision of electricity tariffs is a step towards reducing the fiscal burden caused by the supply of electricity below its cost of production. While the new tariff structure is an improvement on...

With relative normalcy returning to the country, the light at the end of the tourism tunnel seems to be getting just a little brighter. As Sri Lanka tourism....

The Jaffna University Students’ Union which lashed out at the Chinese Ambassador to Sri Lanka Qi Zhenhong over a tweet, urged him to support their call to refer Sri Lanka to the International Criminal Court (ICC) at the upcoming UN Human Rights Cou

Sri Lankan High Commissioner to India Milinda Moragoda expressed gratitude to neighbouring giant India for its support in helping the crisis nation reach out to the International Monetary Fund (IMF) and said the firming up of the first step with the

The Sri Lanka Institute of Directors (SLID) commended the staff-level agreement reached between Sri Lanka and the International Monetary Fund (IMF) for an Extended Fund Facility (EFF), in support of Sri Lanka’s economic recovery and the government

The Maldives welcomed a whopping 131,863 international visitors in August, making it the eighth consecutive month for tourist arrivals to cross the 100,000 mark.

The Japanese yen has declined to its lowest level against the US dollar since August 1998, prompting the government to weigh action.

Offerings at the Colombo Tea Auction continue on a declining trend, with only 4.7 MnKgs coming under the hammer at this week’s sale.

The World Food Programme (WFP) has accepted the request put forward by Prime Minister Dinesh Gunawardena for additional support of nutritious food distribution programmes targeting children and women,

Japanese Finance Minister Shunichi Suzuki yesterday urged all creditor nations to discuss Sri Lanka’s debt restructuring, Reuters reported.

The Tourism Ministry stated that the crisis of the hard-hit sector was further worsened, due to the tourism source markets painting an incorrect picture about the destination.

The IMF yesterday highlighted the importance of Sri Lanka having a market-determined, flexible exchange rate.

IMF yesterday confirmed that a wealth tax is part of the agreement entered with the Sri Lankan authorities.

Cigarette prices were increased with effect from yesterday.

The manufacturing arm of Abans Group, AB Manufacturing (Pvt) Ltd, recently opened a 100, 000 square foot manufacturing facility in Bandaragama with a manufacturing capacity of 150,000 refrigerator units per single shift per annum.

The Securities and Exchange Commission of Sri Lanka (SEC), the Colombo Stock Exchange (CSE) and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently signed a Memorandum of Understanding (MoU) to encourage and advance non-financ

NDB Investment Bank (NDBIB) was once again at the forefront in the M&A space, this time around in the healthcare services space as it advised and guided Kings Hospital Colombo (Private) Limited and facilitated a significant investment into it with th

Destination Sri Lanka will come under fresh spotlight this November with Tourism Ministry giving the nod for stakeholders to take part in the World Travel Market 2022.

The Ceylon Chamber of Commerce yesterday congratulated the government led by the President, the Governor of the Central Bank of Sri Lanka, Secretary to the Treasury and other key officials on reaching a staff-level agreement with the IMF for a 4-year

In January this year, Sri Lanka paid an exorbitant amount of 6.9 million in US Dollars to a Chinese fertilizer company as compensation for cancelling an order to purchase a shipment of organic fertilizer. Today, Sri Lanka has not only lost dollars in

The headline inflation in the Colombo district, as measured by the Colombo Consumer Price Index (CCPI), accelerated to 64.3 percent on a year-on-year basis in August versus 60.8 percent in July, the data released by the Census and Statistics Departme