The local tourism sector will have to grapple with stronger health guidelines with immediate effect with the Ministry of Health (MoH) imposing tightened quarantine measures for all international travelers entering Sri Lanka.

The Cabinet of Ministers has approved a proposal to prepare a new master plan for the Muthurajawela wetland area and to consequently declare it as a Ramsar wetland of international importance.

NDB’s recently concluded rights issue to raise Rs.8 billion in Tier I capital saw keen demand from investors with over 61 million rights changing hands prior to the last rights acceptance date.

The Employees’ Provident Fund (EPF), Sri Lanka’s largest retirement savings fund, grew by 11.2 percent or Rs.283.9 billion in assets in 2020, albeit the returns afforded to the member accounts slipped amid the fast descent seen in the country’s

Prime Lands Residencies, the condominium property arm of Prime Group, opens its Initial Public Offering today.

Leading businessman, Harry Jayawardena of Melstacorp, was recently hosted at the Port City Colombo project development site by Executive Project Management Director Raja Edirisuriya.

The decision to bring about changes in the education sector, specifically trimming of the timeframe to complete A-levels from 45 months to 32 months, is to ensure Sri Lanka has the necessary talent ready to take up opportunities at the upcoming finan

The Central Bank of Sri Lanka said the eligible depositors/relevant legal beneficiaries of eligible deposits of Swarnamahal Financial Services PLC (SFSP) that the payment of additional compensation under the Sri Lanka Deposit Insurance and Liquidity

Global business consulting and IT outsourcing company, Virtusa Corporation will see its chief Kris Canekeratne pass on the leadership baton to two new heads this summer, ending a 25 year run with the company.

The Export Development Board (EDB) announced it would implement a financial assistance scheme to help SMEs engaged in the food sector get their products on the shelves of international markets, especially to the UK.

The newly-appointed Country Director and Representative of the United Nations World Food Programme (WFP) Sri Lanka, Abdur Rahim Siddiqui, formally presented his letter of credentials to Foreign Minister Dinesh Gunawardena at the Ministry premises.

Exploring avenues to increase foreign exchange earnings, the local construction sector has initiated dialogue with Nepal to connect the industries of the two countries.

Sri Lanka came under fresh global spotlight in the 2Q21 with CNN promoting the country as a safe holiday destination to visit during the ongoing COVID-19 pandemic.

As work from home (WFH) arrangements place information systems at high risk, entities are urged to allocate adequate budgets to boost IT security.

Sri Lanka will soon see the establishment of a comprehensive cross border and foreign currency transaction monitoring system with the Central Bank (CB) implementing an International Transactions Reporting System (ITRS).

The transportation of goods and passengers, including warehousing activities, contracted by 6.7 percent in 2020 in value-added terms, in comparison to the growth of 1.4 percent recorded in 2019, the Central Bank (CBSL) said.

The Asian Development Bank (ADB) announced this week that its energy policy is being upgraded, so that it can better assist its developing member countries to provide clean, green, reliable, adequate and affordable energy for inclusive growth

The Central Bank of Sri Lanka (CBSL) on Friday asserted that to promote sustainable finance, in line with the roadmap, it intends to initiate an array of suitable instruments after taking into account market developments and needs.

In an effort to move Sri Lanka towards embracing environment friendly agricultural practices, the government said it will take all the necessary measures to promote organic fertilizer production at district level.

As Sri Lanka is exploring multiple options to pull the tourism sector towards normalcy at the earliest, special requests have been received from key source markets, such as Germany and Switzerland in four key areas; casinos, ayurveda treatments, shop

Students in South Asia are most impacted due to closures stemming from the global pandemic and have lost 55 percent of a year in learning since COVID-19 struck.

The Asian Development Bank’s (ADB) flagship annual economic publication, the Asian Development Outlook (ADO) 2021, forecasts a significant rebound in Sri Lanka’s economy as domestic and global economic activity strengthens and vaccination campaig

US-based technology behemoth Microsoft said it helped over 30 million people in 249 countries and territories gain access to digital skills during the COVID-19 pandemic, of which over 30,000 of them are from Sri Lanka.

Sri Lanka’s largest LP gas importer and supplier, Litro Gas Lanka announced a short while ago that a decision has been reached to ensure 12.5 Kg gas cylinders will be made available without a shortage.

In a groundbreaking move towards revolutionizing the transport sector, the Ministry of Transport and the Central Bank played lead roles to get the key stakeholders to sign a four-party agreement to introduce Sri Lanka Transit Card (SLTC) recently.

The Colombo Stock Exchange (CSE) has approved, an application submitted by Prime Lands Residencies Limited, for the listing of its Ordinary Voting Shares by way of an offer for subscription.

SriLankan has commenced flight operations to Nairobi in Kenya, its second destination in East Africa after flying to the Seychelles, a media communiqué by the national carrier said.

Emirates has announced it will increase its services to Colombo from six to seven flights a week, with the seventh weekly flight commencing 3rd May. The additional service will serve rising market demand and enhance connectivity to and from Colombo v

The Sri Lankan rupee lost its heft further today ending a short-lived appreciation phase, as the selling rate of the US dollar was recorded at Rs.200.90, up from yesterday’s Rs.195.25.

Fashion designers are struggling to keep up with the fast-changing trends in the country, as challenges in sourcing raw materials has led to a slowdown in reacting to the market demand.