As Sri Lanka awaits the removal from ‘restrictive default’, a status discouraging the potential investors, experts are optimistic about the nation’s ability to move beyond this ranking.

Sri Lanka must urgently address the discriminatory maternity leave policies that distort the country’s labour market, a senior economist asserted.

The International Monetary Fund (IMF) in its latest economic outlook said global growth is projected to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025.

The tourist arrivals to Sri Lanka have maintained the upbeat momentum for the month, with the island nation welcoming over 85,000 tourists during July.

The Committee on Public Finance (COPF) yesterday announced it approved the proposed Public Finance Management Bill but raised few questions on how the legislation is going to address certain issues. COPF Chairman Harsha de Silva questioned how the bi

The recent reduction in the electricity tariffs is a welcome relief for Sri Lanka’s hotel sector, as it would help in the sustainability of operations, The Hotels Association of Sri Lanka (THASL) said. Since 2022, the electricity costs have been

The ASPI closed in red as a result of price losses in counters such as Commercial Bank, Aitken Spence and John Keells Holdings with the turnover crossing Rs 1.2 Bn.

The secondary market saw a pre-auction buzz with moderate buying interest in short to mid-term maturities, where 01.06.26 and 15.12.27 traded at 10.65 percent and 11.65 percent, respectively. Meanwhile, four-year tenures, including 15.12.28 and 15.0

As Sri Lanka is on the lookout for avenues to improve passenger services, SITA AERO, a leading technology provider for the air transport industry, shared that it is in discussion with the local authorities to expand smart self-service kiosks and self

Link Natural, Sri Lanka’s leading manufacturer of herbal healthcare and personal care products, continued to build on its strong relationships with key stakeholders by becoming the main sponsor at the first-ever Dentistree Congress 2024 and the pla

People’s Bank officially unveiled its Matale regional head office and Matale branch recently. The newly-built four-storey building conveniently located at No.45, Raja Veediya, Matale was ceremonially declared open by Finance State Minister Shehan

Eight quality improvement projects implemented at CEAT Kelani Holdings have won Gold awards for Sri Lanka’s leading tyre manufacturer at the National Convention on Quality and Productivity 2024, organised by the Sri Lanka Association for the Advanc

First Capital Holdings PLC, a member of the Janashakthi group, was honoured with the Technology Resilient Company of the Year 2024 award in the capital markets sector at the inaugural Digital Trust Awards 2024, organised by the Information Systems Au

Sri Lanka’s leading mobile payment solution HNB MOMO, announced a significant enhancement to its offering by introducing the mini-POS (point-of-sale) device, PAX D188 - compatible with a range of digital payment acceptances. The device is a more mo

On miles and miles of barren marshy land, in the Gujarat state of India, bordering Pakistan, the Earth’s largest renewable energy park is being developed.

The International Monetary Fund (IMF) projects global growth to be in line with the April 2024 World Economic Outlook (WEO) forecast, at 3.2 percent in 2024 and 3.3 percent in 2025.

Businesses were yesterday urged to pass on the benefits from the recent electricity tariff reduction to consumers, who are grappling with the country’s high cost of living.

Fitch Ratings yesterday announced it has chosen to withdraw the rating of SriLankan Airlines for commercial reasons and therefore will no longer provide ratings or analytical coverage for the national carrier.

Sri Lanka’s consumer confidence expanded in June, reaching an all-time high, a report from the Institute for Health Policy (IHP) showed.

The Cabinet of Ministers yesterday approved the operation of currency exchange counters by five firms at the Bandaranaike International Airport (BIA), Katunayake. Accordingly, Sampath Bank, People’s Bank, Commercial Bank of Ceylon, Thomas Cook Lank

In an effort to engage Sri Lanka’s youth in shaping the nation’s future, the government announced the launch of a nationwide newspaper article competition. This initiative aims to spark interest among young citizens in the Financial Management Bi

Sri Lankan manufacturers will now benefit from a tariff rate that is much more competitive, Sri Lanka’s apparel sector said, commending the Public Utilities Commission of Sri Lanka (PUCSL) for slashing charges that were unbearable to the business c

The Purchasing Managers’ Indices (PMI) for both manufacturing and services sectors reflected continuing expansion in the activities giving confidence that the economy is on a persistent growth trajectory, further moving itself away from the crisis-

The ASPI edged down as a result of price losses in counters such as Ceylinco Insurance, Commercial Bank and Browns Investments with the turnover crossing Rs. 1.0 bn.

The secondary market yield curve slightly adjusted downwards on the belly, as buying interest continued to dominate the market during the day.

SriLankan Aviation College, a regional leader in aviation training, achieved a significant milestone by receiving accreditation from the Civil Aviation Authority of Nepal for Type Training.

As Sri Lanka advances its trade liberalisation efforts through new preferential agreements, experts are urging the government to learn from the strategic approaches of other nations.

The International Chamber of Commerce Sri Lanka (ICC Sri Lanka) and Association of Chartered Certified Accountants (ACCA) have officially signed a memorandum of understanding (MoU), marking the beginning of a significant strategic partnership aimed a

Union Assurance recently hosted the prestigious MDRT Conference at Grandeeza Hotel, Negombo, bringing together MDRT-qualified life insurance advisers to celebrate their exceptional achievements.