Sri Lanka has welcomed a total of 1,682 tourists for the month of January, recording a 99.3 percent decrease in arrivals compared to the corresponding month in 2020.

Aitken Spence Travels, the leading DMC in Sri Lanka, working in partnership with TUI Kazakhstan, will welcome the country’s first charter from Kazakhstan today (February 6) after the airports reopened for tourist arrivals.

Colombo City Centre, the premier waterfront mixed development project in Sri Lanka, has appointed Praveen Methil as the new CEO, who holds a wealth of experience spanning 24 years in real estate development, mall management and operations, brand buil

Shares of GameStop Corp and others favoured recently by retail investors fell further on Thursday, while U.S. Treasury Secretary Janet Yellen said she needed to “understand deeply” the trading frenzy that has gripped Wall Street.

SriLankan Airlines, the national carrier of Sri Lanka and a member of the prestigious oneworld alliance, joins in the celebrations of the country’s 73rd Independence Day, with the release of a video containing a trilingual narration, delivered by a

The Institute of Policy of Studies of Sri Lanka (IPS) hosted a virtual panel discussion on the ‘Recovery of Sri Lanka’s Apparel Sector from COVID-19 Crisis’, on February 2, 2021.

Diversified conglomerate Sunshine Holdings reported resilient growth in top and bottom line performances during the first nine months of the current financial year (9MFY21), with strong contributions kicking in from healthcare, agribusiness and consu

The Central Bank said it settled a swap arrangement with Reserve Bank of India (RBI), but refuted certain media reports that there was no special request from India to settle the facility prematurely.

Sri Lanka has welcomed a total of 1,682 tourists for the month of January recording a 99.3 percent decrease in arrivals compared to the corresponding month in 2020.

The Central Bank has asked licensed banks to sell 10 percent of the worker remittance income that they collect, back to the Central Bank on a daily basis when such remittance income reaches US$ 10 million threshold.

As Sri Lanka celebrated its 73rd Independence Day, some people in Colombo enjoyed the mid-week holiday at Galle Face after spending much of their time indoors for the last few months due to COVID-19. The picture shows kite vendors, who couldn’t d

The container throughput at Port of Colombo declined by 4.7 percent year-on-year (YoY) to 6.85 million TEUs in 2020 due to pandemic-related effects, Sri Lanka’s Port Authority (SLPA) data showed.

Coconut exports, mainly led by fiber and kernel-based products are on a tear as markets around the world are demanding Sri Lanka-grown coconut-based products due to their higher quality while local manufacturers have stepped up their efforts to meet

Sri Lanka’s wages measured by wage rate indices for the public sector as well as the informal private sector have continued their climb unabated while the inflation decelerated, leaving real wages positive.

Sampath Bank PLC this week announced plans to issue BASEL III-compliant bonds to raise capital in order to stay above the minimum capital adequacy levels stipulated by the BASEL III regulations and also in view of the envisaged growth in loans as the

Stock market operator, the Colombo Stock Exchange (CSE) in a letter on Wednesday clarified that the request for weekly reports on specific stocks from brokering firms was a mere routine exercise and by no means was intended towards disrupting the mar

Myanmar police have filed charges against ousted leader Aung San Suu Kyi for illegally importing communications equipment and she will be detained until Feb. 15 for investigations, according to a police document.

Iran will not accept any changes to the nuclear accord signed in Vienna in 2015, President Hassan Rouhani said on Wednesday.

For the 10th consecutive year, MTI Consulting (via their Corporate Finance practice), in partnership with Daily FT, Daily Mirror and Sunday Times, has concluded the MTI CEO Business Outlook Study, collectively outlining the Sri Lankan business commun

In what could be the gloomiest forecast issued by an independent research body so far, First Capital Research (FCR) this week said the sharp depreciation of the rupee against the US dollar, followed by a spike in interest rates — beginning from as

Labour Minister Nimal Siripala de Silva has directed the Sri Lanka Bureau of Foreign Employment (SLBFE) to set up nine provincial quarantine centres, with the assistance of the COVID-19 Task Force, to expedite the repatriation of some 30,000 Sri Lank

ransport Association (IATA) yesterday announced the full-year global passenger traffic results for 2020, showing that the demand (revenue passenger kilometres or RPKs) fell by 65.9 percent compared to the full year of 2019, by far the sharpest traffi

The listed, rated, unsecured, senior, redeemable debenture issue of First Capital Holdings PLC, with a tenure of five years, was successfully oversubscribed on the opening day, February 1, 2021.

The Cabinet of Ministers this week gave its nod to amend the Industrial Disputes Act, to expedite the procedure of disciplinary inquiries or interdictions against the private sector employees.

The government has decided to withdraw an order issued by a gazette on February 2, under the Imports and Exports (Control) Act, which allowed the importation of ceramic tiles, certain bath ware and toilet articles on 180-day credit.

Adding to a growing portfolio of prestigious projects across the island, Schindler was recently awarded the contract to supply six high-speed elevators to Amari Colombo Hotel, currently under construction in the Kollupitiya commercial district of the

While no one is immune to contracting COVID-19, the World Health Organisation (WHO) has identified specific groups that are at higher risks of becoming seriously ill. One such group is those suffering from non-communicable diseases (NCDs), including

As the 46th session of the UN Human Rights Council (HRC) looms large in about a month’s time, the debate on its controversial Resolution 30/1 of 2015, which the ‘Yahapalana’ government co-owned in an unprecedented and unwise move, has resumed w

The Colombo Stock Exchange (CSE), which was on a extraordinary bull run, largely due to prevailing historically low interest rates in the country, tanked yesterday, with investor sentiment going south amid possible indications that the market regulat

Sanasa Development Bank PLC (SDB bank) yesterday said they have received a US$ 40 million commitment from U.S. International Development Finance Corporation (DFC), subject to regulatory approval.