Sri Lanka Tourism has upped its tourist arrivals target to three million from 2.5 million this year, while eyeing four million tourist arrivals next year as the new tourism promotional campaigns are getting off the ground.

The Sri Lanka Tea Board (SLTB) is to launch the global promotional campaign initially in four markets: Russia, Ukraine, China and Saudi Arabia, on social media and digital print media, with possible delays. 

In a bid to attract more tourists to Sri Lanka, the government is launching a new system for tourists to reclaim 15 percent VAT for the goods they have purchased in Sri Lanka, with effect from today, the Finance and Mass Media Ministry announced yest

(Colombo) Reuters: Sri Lankan shares fell to one-week closing low yesterday as foreign investors sold blue chips such as conglomerate John Keells Holdings PLC.

(Colombo) REUTERS: The Sri Lankan rupee ended weaker on Monday as importer dollar demand surpassed greenback sales by banks and the U.S. currency strengthened globally, dealers said.

Sierra Cables PLC said it was transferred to the watch list by the Colombo Stock Exchange after the company auditor raised doubts over the going concern of two of its subsidiaries. 

The government is in discussion with the private sector to amend some of the taxes recently imposed on it, which have been identified as hindering the growth of the private sector, Prime Minister Ranil Wickremesinghe revealed. 

A leading academic warned that attempts and the discourse to backtrack on the already enacted Sri Lanka-Singapore Free Trade Agreement (SLSFTA) would hurt the country’s chances of entering into future foreign treaties.

Sri Lankan tea exporters are looking at destinations outside the country to set up blending houses to regain competitiveness and cater to emerging markets’ needs, a leading tea exporter said.  

REUTERS: U.S. President Trump tweeted on Saturday that Apple Inc should make products inside the United States if it wants to avoid tariffs on Chinese imports. The company told tra

(Colombo) REUTERS: Sri Lanka’s Central Bank will intervene in the foreign exchange markets if its rupee currency moves for any reasons other than global trends, Nandalal Weerasing

(Beijing) AFP: Alibaba co-founder and Chairman Jack Ma will unveil a succession plan today, the South China Morning Post (SCMP) reported Sunday, with a company spokesman de

Former Commercial Bank CEO Jegan Durairatnam, who recently retired, has been appointed to the director boards of two listed firms—a bank and a hotel owning company.

The U.S. Agency for International Development (USAID), with the USAID Development Credit Authority (DCA), Hatton National Bank PLC and Sampath Bank PLC have announced a new

Ceylinco VIP yesterday held a series of protest demonstrations to raise awareness among motorists and the general public alike on mainstream issues Sri Lanka is facing—from drunk driving to drug menace to violence against women. Kicking off the

The 85th President of The Chartered Institute of Management Accountants (CIMA), Steven Swientozielskyj FCMA, CGMA, will be in Sri Lanka from September 8 to 14.  During his visit he i

Sri Lanka Buildcon 2018 and Sri Lanka Wood 2018, two trade shows organised by Futurex Trade Fair and Events (Pvt.) Ltd, a leading SAARC countries’ organiser in collaboration with Sri L

MAS Holdings entered into a joint venture agreement with Best Pacific International Holdings Limited earlier this year, which was formalized on August 1st with the official signing ceremony. 

COLOMBO (Reuters) - Sri Lankan shares ended slightly firmer yesterday, boosted by foreign buying, and posted their third straight week of gains. The Colombo stock index ended 0.09 percent firmer at 6,117.89. The bourse rose 0.6 percent during the wee

 HONG KONG (AFP) - Most Asian equities sank yesterday as investors fret that the US will ramp up its trade war with China by imposing fresh tariffs, while chip-makers were among the

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), recently launched the Sri Lanka Auditing Standard (SLAuS) for the Audits of Non – Specified Business Enterprises (Non-SBEs). 

Moody’s Investors Service does not see room for further rate cuts by Sri Lanka’s Central Bank as further easing in yields at home could threaten capital outflows from government securities, which will in turn put pressure on the currency

Fitch Ratings has affirmed National Insurance Trust Fund Board’s (NITF) National Insurer Financial Strength (IFS) Rating and National Long-Term Rating at ‘AA-(lka)’. The Outlook is Stable.    

(Colombo) REUTERS: Sri Lankan rupee hit a fresh low for the 13th straight session yesterday, but ended firmer after the Central Bank cut the net open positions of commercial banks, dealers said.

(Colombo) REUTERES: Sri Lankan shares ended weaker yesterday and turnover slumped to a near five-month low as investors stayed on the sidelines in the absence of fresh triggers.

Sri Lanka has much work to do for its economy to fully reap e-commerce benefits, according to an International Trade Centre (ITC) expert, who stressed the need to push for the necessary ref

Sri Lanka crossed the 200, 000 tourist arrival mark for a single month again as arrivals in August rose 4.9 percent year-on-year (YoY) to 200, 359, the data released by the Sri Lanka Touris

Sri Lanka plans to have its own country pavilion at the world’s largest consumer goods show, Ambiente in 2020 organised by Messe Frankfurt.  Addressing a media briefing in Colombo yesterday, Messe Frankfurt SP Sri Lanka CEO Omer Salahuddin

AFP: The British government said this week it will match European Union subsidies for farmers for around five years after Brexit until it puts in place a new system focusing more on environmental protection.

Sri Lankan corporates, which piled up heavy bank borrowings leading up to the balance of payment crisis in 2016, will have a tough time going forward as the borrowing costs will eat a bigger slice of their operating profits, weakening their debt serv