Sri Lanka’s trade deficit narrowed by US $ 509 million in July 2020 to US $ 209 million, from US $ 717 million in July 2019, as exports increased while imports recorded a decline.

CNBC, the world’s leading channel for consumer and business news, extended its support to Sri Lanka Tourism by providing US $ 100,000 worth of advertising on CNBC, gratis.

The United Nations Development Programme (UNDP) has partnered with Brandix Apparel Limited to promote renewable energy in Sri Lanka through the facilitation of model fuelwood plantations for a sustainable energy supply in Sri Lanka.

Sri Lanka’s manufacturing sector is ploughing ahead, beating the odds of the pandemic-induced disruptions, as the Index of Industrial Production (IIP) has reached pre-pandemic levels in July, with major manufacturing activities advancing ahead desp

The Delegation of the European Union (EU) to Sri Lanka and the Maldives in collaboration with the University of Peradeniya announced the EU-funded Capacity Building for Higher Education (CBHE) projects for 2020, on September 10, 2020.

State Pharmaceutical Corporation of Sri Lanka (SPC), the state-owned manufacturer and distributor of medicinal drugs, is considering expanding its reach significantly by establishing 100 new drug stores within the retail outlets of Sathosa and Co-op

President Gotabaya Rajapaksa has instructed officials to implement a short-term and long-term plan in collaboration with the public, private sectors and small-scale farmers to meet the local demand for liquid milk.

State Pharmaceutical Corporation of Sri Lanka (SPC), the State-owned manufacturer and distributor of medicinal drugs is considering expanding its reach significantly by establishing 100 new drug stores within retail outlets of Sathosa and Co-op Super

According to the World Health Organisation (WHO), non-communicable diseases (NCDs) accounted for 83 percent of all deaths in Sri Lanka in 2016. Even more concerningly, the WHO states that those with pre-existing NCDs, such as cardiovascular diseases,

The media reported some days ago of a proposal by the prime minister, to bring legislation to stop cattle slaughter and apparently majority of the government MPs are supportive of his proposal. Many Buddhist monks have also risen vehemently supporti

The future of MCC remains bleak. Last year, the government appointed an experts panel to review the content of the agreement and the panel report was presented to the members of the Cabinet for their recommendations before the last parliamentary elec

State Minister of Money, Capital Markets and State Enterprises Reforms Ajith Nivard Cabraal has appointed an Enterprise Development Advisory Board to make local industries competitive in the international market while protecting and empowering them.

Sri Lanka’s exporters appear to be chugging along vigorously in their respective fields since the coronavirus related restrictions eased, as they generated nearly a billion dollars in earnings in August, the third such consecutive month, despite so

Sri Lanka’s official foreign reserves, often used to gauge the strength of a country’s external position, continued to accumulate assets during August as the Central Bank remained a net buyer of foreign exchange in the forex market, but the trend

Identifying the crucial role of non-vessel operating common carriers (NVOCC) in regional trade, feeder-shipping operators are increasingly looking at owning their own NVOCC lines to jointly develop regional business.

Sri Lanka raised a fresh Rs.96.6 billion last Friday by offering bonds maturing in between 3 to 8 years as the government borrowed extended maturities to lock in lower borrowing cost for the medium to long-term.

Dr. Samadhi Rajapaksa took office as the third Chairman of National Authority on Tobacco and Alcohol (NATA) in January this year.

The Colombo stock market has recorded a noteworthy turnaround in recent months, driven by a progress in the indices and improved investor interest.

SEOUL (AFP) - A US$ 2billion-plus deal for a South Korean property developer to take over loss making Asiana Airlines collapsed yesterday in the wake of the coronavirus pandemic, with state-owned banks mounting a bailout to try to save 9,000 jobs. Th

HONG KONG (AFP) - Asia markets were mixed yesterday as investors largely brushed off another tech-led rout on Wall Street but they remain concerned about high valuations, while the failure of US la

The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) and the Friedrich Naumann Foundation for Freedom (FNF) in Sri Lanka co-organized a Kick-Off conference on their initiative ‘Sustainable Supply Chains as driver for global c

European Central Bank (ECB) President Christine Lagarde speaks during a press conference at the Informal Meeting of Ministers for Economics and Financial Affairs in Berlin yesterday. (AFP)

The World Bank has reallocated US$ 56 million from ongoing projects in Sri Lanka to protect the most vulnerable in the agriculture sector, improve COVID-19 protection measures on public transport, facilitate tele-education for school children, and pr

LONDON (AFP) - Britain yesterday said it had secured its first major post-Brexit trade agreement - a free trade deal with Japan - the day after bitter wranglings with the European Union. The Department for International Trade said the deal, which lar

With the global economy racing to embrace digital payments, central banks also are looking to the future and investigating how to support innovation while maintaining monetary policy and financial stability as th

MUMBAI (AFP) - Indian conglomerate Reliance denied a report this week that it was planning to sell a US$ 20-billion stake in its retail business to US rival Amazon in a deal that could upend the country

Sri Lankans have returned to save more during and in the immediate aftermath of the pandemic-induced lockdowns as they appeared to have become little more frugal in spending habits, restrained by the limited mobility and social distancing practiced t

Harry Jayawardena-controlled Lanka Milk Foods (CWE) PLC (LMF) is planning to increase milk production from next year onwards with the completion of the construction of its Rs.3 billion dairy farm by end of first quarter next year, which can accommoda

State Minister of Money & Capital Markets and State Enterprise Reforms Ajith Nivard Cabraal informed Parliament yesterday that the Central Bank would provide swap agreements to foreign investors who invest in Sri Lankan government securities (G-Secs)

The government has decided to make it mandatory for government and semi government institutions to allocate 25 percent of their advertising budgets to State-run media institutions so that that government doesn’t have to allocate moneys from the nat