The transshipment volumes handled by the Port of Colombo jumped by 9.7 percent year-on-year (YoY) to a record high of 6.31 million 20-foot equivalent units (TEUs) in 2024, with the transshipment volumes accounting for 81 percent of the port’s conta

The government announced its plans to strengthen the connection between financial markets, including capital markets, and the real economy, while integrating advancements in emerging technologies.

China has extended its US $ 1.4 billion currency swap arrangement to Sri Lanka, the Central Bank of Sri Lanka affirmed yesterday.

Sri Lanka’s struggling businesses can find some respite as the Finance Ministry yesterday announced details of a relief package for small and medium-sized enterprises (SMEs) facing difficulties servicing their debt due to the economic crisis follow

The Joint Apparel Association Forum (JAAF) yesterday reiterated the need for targeted policy initiatives that would help Sri Lanka leverage the opportunities created by the geopolitical shifts in the global apparel trade.

​Sri Lanka’s new food regulation, mandating an 80 percent extraction rate for wheat flour has raised serious concerns across the industry, with stakeholders warning that its immediate roll-out could alter consumption patterns, and in turn have ad

Sri Lanka’s tea industry is set for a year of modest growth in 2025, despite facing several challenges and uncertainties, an analysis by Forbes and Walker Tea Brokers showed.

On the heels of the Central Bank transitioning to a single policy rate from a dual policy rate structure for implementing and communicating the monetary policy, the Central Bank said it is currently in the process of reviewing the Statutory Reserve R

Emirates, one of the two flag carriers of the United Arab Emirates (UAE), announced it is all set to officially become the world’s first ‘Autism Certified Airline’.

As Sri Lanka has managed to brave through what was the worst economic crisis faced in history and moving towards normalcy, the island nation’s financial sector regulator yesterday said that its focus this year would be on achieving a “transformat

The Sri Lanka Ports Authority (SLPA) terminals have reached a historic milestone as of 31 December 2024, handling over 2.4 million Twenty-Foot Equivalent Units (TEUs), which is a 23 percent growth compared to the 1.9 million TEUs handled in 2023.

Sri Lanka is exploring avenues to channel foreign earnings into local investments to boost its economy, with plans underway to empower the returning migrant workers to reinvest their hard-earned savings in the country.

The Sri Lanka Gem and Jewellery Association (SLGJA) has called for urgent policy reforms to accelerate growth and restore global competitiveness within the sector, aiming to once again establish Sri Lanka as ‘Ratnadeepa’ - the Island of Gems –

Sri Lanka has secured the 33rd spot globally for its ease of obtaining visas, a key element bolstering Colombo’s reputation as a top destination in South Asia and the country’s competitiveness as a tourist destination, according to Brand Finance.

The Chamber of Construction Industry of Sri Lanka (CCISL) has urged the government to implement a series of 17 priority policy measures aimed at revitalising the construction industry.

Sri Lanka’s trade deficit widened to US $ 502 million in November 2024, compared to US $ 390 million recorded in November 2023, due to an increase in import expenditure and a marginal decline in export earnings.

Sri Lanka’s private sector enters year 2025 with optimism as the island nation has somewhat managed to emerge from years of economic turbulence, supported by signs of recovery and a more stable environment.

As Sri Lanka crossed two million milestone in tourist arrivals in 2024 for the second time in its history, the Sri Lanka Tourism Alliance cautioned the government and industry stakeholders against complacency, emphasising the need for urgent reforms

Sri Lanka’s micro, small and medium enterprises (MSMEs) have accused the Central Bank of undermining both the government assurances and industry pleas by issuing a controversial circular on loan relief, without adequate consultation.

Sri Lanka’s budget is getting into fine shape with substantially higher revenues made possible from higher taxes which are further supported by the robust recovery seen in the economy this year.

Market participants in the secondary market exhibited mixed sentiment, pivoting from the dull sentiment yesterday observing thin trading volumes and limited market activity.

Indices closed in green as a result of price gains in counters such as LOLC Holdings, Hatton National Bank and Hatton National Bank nonvoting with the turnover crossing Rs. 8.4 billion.

Sri Lanka’s export performance for the month of November witnessed a Year-on-Year (YoY) contraction of 5.6 percent with revenue reaching US$ 943.1 million. The decrease is primarily attributed to reduced earnings from exports of Rubber-based produc

Santa appears to have turned a lot more generous this Christmas for Sri Lanka which went through a lot of hardship during the last few years, as the country received another gift by way of its first sovereign credit rating upgrade.

Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ’CCC+’, from ’RD’ (Restricted Default).

The Western province continued to lead the provincial gross domestic product (GDP) in 2023, albeit slipping from the 2022 levels while the North Western and Central provinces following as the distant second and third in the provincial distribution of

The confectionery industry expressed serious concerns over a new set of rules, introduced for labelling and advertising packaged food in the country, which is set to take effect from January 2025.

The government has reached an agreement with the International Monetary Fund (IMF) to raise the income tax-free threshold to Rs.150,000 per month, from the current Rs.100,000, a move aimed at providing relief to the lower-income groups.

Sri Lanka’s third quarter output expanded at a faster 5.5 percent in the third quarter ended in September 2024, compared to the same period last year.

Sri Lanka’s economic activities across both the manufacturing and services activities continued to expand during November.