The United States Ambassador to Sri Lanka, Patricia A. Butenis inaugurated an apparel factory in Thirukkovil, Ampara on Monday, set up under the Eastern Garment Alliance, a public-private alliance between the U.S. Agency for International Development

The proposed US$ 1 billion bond issue by Sri Lanka has been rated positive by three global rating agencies, in line with the country’s sovereign rating, though not failing to cite the challenges the country’s economy is facing, stemming f

Members of the SAARC region should look towards improving intra-regional trade as a pathway towards stronger political union, according to Minister for External Affairs, Prof. G.L. Peiris.

A large scale Japanese fishing business entity has plans to invest Rs.10 billion in Sri Lanka’s fishing industry, which will include new technical knowledge related to fishing and other technology relevant to the industry, a Fisheries Ministry

Although the adjustments to the country’s economic policy haven’t been easy economically as well as politically, they have produced significant positive results, Treasury Secretary Dr. P.B. Jayasundara said.

Rising interest rates, rupee volatility and economic concerns led by a widening budget deficit is likely to cart off the possibility of a stock market recovery in the short term, though some investors and brokers try to blame it on the market regulat

Sri Lanka attracted approximately US$ 300 million in Foreign Direct Investment (FDI) during 2011, as compared with US$ 478 million and US$ 404 million in 2010 and 2009, according to World Investment Report by UNCTAD (United Nations Conference on Trad

Although Sri Lanka has lost money on investing in Greece bonds, the losses incurred were comfortably offset by higher returns from other investment, the Central Bank said.

In the wake of the successful B2B MoU between Sri Lankan and S’Pore biz last May, is the next ASEAN bilateral B2B invitation – call for fully fledged MoU between Malaysia and Sri Lanka biz.

Fitch Ratings has affirmed Sri Lanka’s foreign- and local-currency IDRs at ‘BB-’. The outlook for both ratings is stable. The Country Ceiling has also been affirmed at ‘BB-’ and the short-term foreign currency IDR at &ls

The Board of Investment of Sri Lanka (BOI) has signed an agreement with tourism developer Katana City Developments (Pvt) Ltd., to assess and plan Sri Lanka’s first large-scale tourism zone in the Katana area, just adjacent to Colombo&rsq

No meaningful steps have been taken to accelerate replanting and other development work in the plantation industry, Ceylon Tea Services PLC (CTEA), Chairmansaid.

Tea industry stakeholders must create a new development framework and promote Ceylon Tea at a premium, setting aside the idea of making the country a tea hub, if the current export target of US$ 5 billion in tea export earnings is to be achieved, acc

The United States has decided not to change the Generalized System of Preferences (GSP) benefits to Sri Lanka, and the country will continue to get GSP benefits from the US, a US trade representative said.

Sri Lanka’s inflation for the month of June rose to 9.3 percent Year-on-Year, a 41 month high, amidst price increases in some food items, the data released by the Census and Statistics Department showed.

Sri Lanka’s Main Opposition, United National Party (UNP) yesterday claimed that the state-controlled pension fund Employees’ Provident Fund’s (EPF) share portfolio at the Colombo Stock Exchange (CSE) has made losses to the tu

Everyone who supports free importation of orthodox style tea from other origins will turn out to be a traitor of Sri Lanka’s tea industry and the country, Ceylon Tea Services PLC (CTEA) Chairman stated.

The United National Party (UNP) yesterday claimed that the country’s economy has been ‘militarized’, citing how the Central Bank’s actions brought the Lankan rupee market to a standstill last Tuesday.

Development of tourism in Sri Lanka will require stakeholders to strike a proper balance between developing 3-star and 4-star properties on the one hand, and luxury and boutique hotels on the other, in addition to implementing a more liberalized pric

S&P Indices and Colombo Stock Exchange (CSE) yesterday announced the launch of the “S&P Sri Lanka 20”, which has been jointly developed by the two institutions.

REUTERS- Sri Lanka sold US$ 229.02 million in dollar-denominated three-year development bonds, the Central Bank said yesterday, to retire maturing similar securities used for development financing.

Though Sri Lanka’s financial strength is “low” on account of its large debt burden, the improved post-conflict environment may offset it, according to the international rating agency, Moody’s Investor Service.

Despite several short-term challenges, the Sri Lankan rupee may appreciate to Rs 128 against the dollar over the course of the third and fourth quarters of this year, according to a report from Standard Chartered.

In response to Tuesday's statement by the international rating agency, Standard and Poor's (S&P), the Central Bank of Sri Lanka yesterday assured the public that the Sri Lankan banking system is sound and resilient and is not prone to hig

The Hayleys group has begun offering comprehensive automotive logistics solutions through its logistics services subsidiary Logiventures, to importers clearing their vehicles at the Magam Ruhunupura Mahinda Rajapaksa Port in Hambantota.

Sri Lanka has a very good potential to be a top tourist destination in the region and is unique in its natural beauty, against any competitor in the region, a top diplomatic group from United Kingdom (UK) stated.

South Asia is the least integrated region in the world as the trade between the countries account for less than 2 percent of the Gross Domestic Product (GDP) of the region, according to World Bank Country Director for Nepal, Tasheen Szyed.

Total tourist arrivals to Sri Lanka reached 57,506 for the month of May, an increase of 17.5 percent year-on-year. The majority of visitors

The Tea Exporters Association (TEA) is still awaiting a decision from the government with regards to its proposal on the importation of tea to Sri Lanka for the purposes of blending, according to TEA Chairman, Niraj De Mel.

Two vessels carrying over 1000 motor vehicles will call at Sri Lanka’s Hambantota Port for transshipments today and tomorrow, Sri Lanka Ports Authority (SLPA) said.