In an effort to prevent the children of the estate sector from falling deeper into the socio-economic crisis faced, the relevant authorities must look at introducing new programmes that expand the earning capacity of adults, so that the school-going

State Finance Minister Shehan Semasinghe yesterday said the government up to now has not taken any decision to restructure the domestic debt, though speculation is rife that ultimately Sri Lanka will be compelled to restructure domestic debt.

The Central Bank believes that interest rates may have reached their highest levels after inflation peaked in September and showed a slight deceleration in October amid the ultra-tight monetary policy and higher taxes brought in to reduce demand in t

Staging strong defence against those who sought preferential tax treatment on foreign exchange earning companies, Central Bank Governor, Dr. Nandalal Weerasinghe yesterday questioned whether the decades-long practice of taxing the exporters and other

With an International Monetary Fund (IMF) deal yet to be sealed, Budget 2023 presented to Parliament yesterday stuck with the reform path....

With an International Monetary Fund (IMF) deal yet to be sealed, Budget 2023 presented to Parliament yesterday stuck with the reform path Sri Lanka had embarked upon after the economy crashed in April, as a result of bad economic policies followed fo

Worker remittances income continued its ascent in October reflecting that the worst may be over for the poor run of the key foreign currency inflow source to Sri Lanka, which is instrumental in helping....

Sri Lanka launched this week the long-term residence visa scheme for condominium property holders in Sri Lanka, an effort towards luring foreign nationals to invest in the island nation.

The upcoming 2023 national Budget must entail policies, which automatically links tobacco taxation rises with the size of the economy and inflation, the Colombo-based think tank, Institute of Policy Studies (IPS) said.

Following the progress so far made with the International Monetary Fund (IMF) for programme support and the country’s creditors to restructure debt and the key reforms already undertaken and to be implemented in future,

The Regional Plantation Companies (RPCs) last week said that the much-resisted productivity-based revenue sharing wage model is now gaining traction among the estate sector stakeholders amid....

At a time when many Sri Lankans are focused on migrating and local businesses relocating their operations to other geographies, having lost their faith in the country beset by the worst economic crisis since its independence, global enterprise softwa

At a time when many Sri Lankans are focused on migrating and local businesses relocating their operations to other geographies, having lost their faith in the country beset by the worst economic crisis since its independence, global enterprise softwa

Premier blue chip John Keells Holdings PLC (JKH) recorded a solid growth for the quarter ended on September 30, 2022 (2Q23),

Sri Lanka ranks 89 out of 165 countries and territories included in the Economic Freedom of the World: 2022 Annual Report, released by the Fraser Institute in association with the Advocata Institute in Sri Lanka.

Several business chambers, including the Ceylon Chamber of Commerce, in a joint statement yesterday expressed concerns....

Inflation in the Colombo district made an about turn in October exactly, possibly signalling the beginning of the end of the current spell of runaway inflation,

Inflation in the Colombo district made an about turn in October, bringing an end to the current spell of runaway inflation, which set off more than a year ago when the global commodities prices started rising, caused by the surge in demand amid the s

The latest ‘Mood of the Nation’ poll by Colombo-based think-tank Verité Research reveals that government approval has moved up, yet still at an extremely low level of 10 percent.

Efforts are underway to bring in measures to firm up and consolidate the relationship between the Joint Apparel Association Forum (JAAF) and trade unions and apparel workers, the apex body of the industry said.

Sri Lanka’s hotel sector yesterday asserted it will not tolerate any protests that will eventually result in severe negative implications to the industry, specially at a time when some improvement is seen in international travellers visiting the co

Crisis-hit Sri Lanka is expected to fall back in economic development while the other nations get ahead, the Institute of Policy Studies....

Sri Lanka’s merchandise exports reached US$ 10 billion in the first nine months of 2022 with September export income topping US$ 1 billion ....

The economic rescue programme with the International Monetary Fund (IMF) remains the only path available for Sri Lanka to emerge from the prevailing economic crisis, as no one else is ready to bail out Sri Lanka, according to Central Bank Governor Dr

Sri Lanka’s inflation measured by the National Consumer Price Index (NCPI) showed a relentless increase through September, as the prices continued their ascent over and above 70 percent for the second month in a row but the recent monthly price mov

The Central Bank estimated a further decline in imports in September narrowing the trade deficit from the prior month in a clear sign that the policies instituted since April onwards are making the intended adjustments in the country’s external sec

The prevailing economic crisis, if deepens or sustained for a prolonged period, could deal a severe blow to many Sri Lankan business sectors, as runaway inflation, elevated interest rates and import restrictions have already pressured their revenues,

The Cabinet greenlight has been granted to increase the government’s borrowing limit for this year by a further Rs.663 billion to bridge....

While acknowledging the rationale behind the recently proposed higher tax rates, the Ceylon of Chamber of Commerce yesterday urged the government to show greater restraint, accountability and transparency in government spending.

The International Monetary Fund (IMF) expressed “deep” concern about the current situation prevailing in Sri Lanka and said it hopes it will be able to work fast to end the suffering, specially of the country’s poor and vulnerable.