The Cabinet of Ministers has approved new tariff rates for rooftop solar and other renewable energy projects.

Sri Lanka is to launch 100 Octane premium petrol, known as XP100 rating fuel, which helps enhance the performance of vehicles, particularly high-end luxury cars and bikes.

The price of a 12.5 kg cylinder of Litro domestic LP gas will be reduced by Rs.100 from midnight today, Litro Gas said.

The Ceylon Petroleum Corporation (CPC) has reduced its fuel prices with effect from tonight.

Efforts are underway to prohibit the illegal export of metal, iron, related equipment and scrap from the country. All metal exports must receive approval from the Ministry of Industry, Finance State Minister Ranjith Siyambalapitiya said.

Artificial Intellingence (AI) is set to drive global banking sector profits up by US $ 170 billion by 2028, a new report by Citi Group has found.

While achieving a significant growth and revenue milestones by providing a premium airport experience for passengers travelling through the Bandaranaike International Airport (BIA), the Airport and Aviation Services (Sri Lanka) (Pvt) Limited (AASL) s

Asian telecom giant EDOTCO Group, represented by its Director for Governance, Risk and Compliance Azzahraa Annuar recently visited the Board of Investment (BOI) of Sri Lanka.

The Financial Intelligence Unit of Sri Lanka (FIU-Sri Lanka) entered into a memorandum of understanding (MoU) with the Financial Intelligence National Centre of the Kingdom of Bahrain (FINC-Bahrain), to exchange financial intelligence related to mone

Chip-maker Nvidia dethroned fellow tech giant Microsoft to become the world’s most valuable company after its share prices surged to an all-time high, Tuesday.

In a collaborated effort to combat the distribution of counterfeit spare parts, the Colombo Crime Division (CCD) and the Honda Motor Company initiated multiple criminal raids in different areas of the country.

The Public Utilities Commission of Sri Lanka (PUCSL) has has called for public opinions regarding the revision of the 2nd round of electricity tariff reductions, proposed by the Ceylon Electricity Board (CEB) for 2024.

In a collaborative effort to prevent financial crimes in the country, the Financial Intelligence Unit (FIU) of Sri Lanka entered into a Memorandum of Understanding (MoU) with the Commission to Investigate Allegations of Bribery or Corruption (CIABOC)

The approval of the IMF’s second review for Sri Lanka will pave the way for stronger policies and sustainable growth, said State Minister of Finance Shehan Semasinghe.

The Intentional Monetary Fund (IMF) announced the completion of the second review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the Sri Lanka to draw SDR 254 million (about US$336 million).

Sri Lanka will be able to further strengthen its ties with Malaysia, with the Cabinet of Ministers this week giving the nod to commence the negotiations for a free trade agreement (FTA) between the two countries.

Sri Lanka is optimistic about a favourable outcome from the International Monetary Fund’s (IMF) second review, under the Extended Fund Facility (EFF), State Minister of Finance Shehan Semasinghe said.

Expolanka Holdings announced its decisions to extend the exit offer till 4.30pm on Thursday, 13 June 2024.

United Petroleum Australia, which has entered Sri Lanka’s petroleum retail market, will start their operations by the end of July or beginning of August this year, taking over 150 existing fuel stations and building over 50 new stations, Director o

A Special Determination petition has been filed in the Supreme Court challenging the constitutionality of the Economic Transformation Bill, which was recently published in the Government Gazette.

The Sri Lankan High Commission in the United Kingdom has set up a center in its premises to promote direct foreign investments (FDI’s) into Sri Lanka.

Laugfs Gas PLC today announced a substantial reduction in the prices of its Laugfs-branded domestic liquefied petroleum gas (LPG), effective midnight.

It has been decided to reduce the retail price of a 12.5 kg cylinder of Litro domestic LP gas by Rs. 150 with effect from midnight today, Litro Gas Chairman Muditha Peiris said today.

The maximum retail price of a 50 kg bag of cement has been reduced by Rs. 150 with effect from June 1, a cement company said.

The World Bank organized a high-level roundtable discussion on advancing energy transitions in Sri Lanka, yesterday.

The Monetary Policy Board of the Central Bank of Sri Lanka has decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) at their current levels of 8.50 percent and 9.50 percent, respectively.

Chongqing Airlines will resume operations between Chongqing, China and Colombo from June 24, the Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL) said.

New liquor licenses are awarded only on the basis of factors such as the population of the country and the arrival of tourists, Finance State Minister Ranjith Siyambalapitiya said.

The value of the US dollar and the Sri Lanka Rupee is determined by the supply and demand. If the value of the dollar rises significantly, the Central Bank of Sri Lanka (CBSL) has sufficient dollars to control it, Finance State Minister Ranjith Siamb

The Colombo Stock Exchange (CSE) has adopted two ambulances in a bid to support the 1990 Suwa Seriya Foundation’s ‘Adopt an Ambulance’ project.