The Sri Lanka Tourism Promotion Bureau (SLTPB) plans to call tenders for a fresh Rs.1.3 billion multi-country marketing campaign next week targeting 12 key source markets of Sri Lanka tourism.

The tea exporters recently complained that the decline in trade finance in the Sri Lankan banking sector restricts tea exports to key traditional markets while hindering the efforts by the exporters to penetrate into new markets. “Due to various r

Prime Minister Ranil Wickremesinghe inaugurated the Enterprise Sri Lanka exhibition in Jaffna on Saturday. Finance Minister Mangala Samaraweera, State Minister Wijeyakala Maheshwaran, TNA MPs M. A. Sumanthiran, Mawai Senathirajah and Dharamalingam Si

The Sri Lanka Buildcon and Wood International Expo supported by Confederation of Indian Industry (CII) and Ministry of Commerce & Industry of India was inaugurated yesterday by the Minister of Megapolis & Western Development, Patali Champika Ranawaka

Ahead of the upcoming election cycle, Sri Lanka’s corporate sector leaders stressed on decisive leadership, security, national economic policy, rule of law, increased R&D spending and educational reforms to transform the country to an export-orient

Sri Lanka must address the fundamental issues in the country’s public sector before moving into a national policy dialogue, Finance State Minister Eran Wickramaratne said. “I’m convinced no country will rise above without the support of the pub

Average land prices in Sri Lanka’s commercial capital, Colombo, rose 13.6 percent in the first half of 2019 (1H19) over the same period in the previous year, according to the Land Price Index (LPI) compiled by Central Bank’s Statistics Department

As the GSP Plus concessions are set to expire in 2023, following Sri Lanka’s recent graduation to the higher-middle-income category, the government has requested the European Union (EU) to expedite the approval to source high-quality fabrics from I

The much anticipated deep water East Container Terminal (ECT) will come into operation in December next year, under the proposed terminal operating company (TOC) that will be jointly formed by Sri Lanka Ports Authority (SLPA), Japan and India, in whi

The newly appointed Ambassador of Netherlands to Sri Lanka Tanja Gonggrijp paid a courtesy call on Development Strategies and International Trade Minister Malik Samarawickrama at the ministry. The dis

The People’s Bank (Amendment) Bill will be presented to Parliament for a vote next week, seeking lawmakers’ approval to allow the State-run bank to raise capital by issuing debentures similar t

Tourism Development, Wildlife and Christian Religious Affairs Minister John Amaratunga plans to meet the Russian ambassador to Sri Lanka in an attempt to lift the travel advisory issued by the Russian Federation on visiting Sri Lanka, in the aftermat

A ceremony was held on August 24 at the site of the Bogambara Prison Complex Redevelopment to announce the opening of Phase I of the Bogambara Cultural Park project.

President Maithripala Sirisena is yet to provide an opportunity for the country’s palm oil planters to present their case, despite several attempts been made to have a one-on-one meeting with the president.

While insisting that high market lending rates are choking the economy, the Central Bank last week warned that lending caps would be imposed on banks on individual basis, if they fail to bring down th

Organised by the National Construction Association of Sri Lanka (NCASL), Construct Expo 2019, the largest and most anticipated exhibition in Sri Lanka, opened at the Bandaranaike Memorial International Conference Hall (BMICH) yesterday. This year, th

A passenger ferry service from Colombo to Union Place through Beira Lake was launched yesterday by Megapolis and Western Development Ministry under the patronage of Prime Minister Ranil Wickremesinghe. The service commences from Beira Lake near the L

(Washington) REUTERS: A senior U.S. State Department official warned on Tuesday that Sri Lanka’s appointment of a war veteran accused of serious human rights violations as head of its army could affect U.S. military cooperation and investment in th

Sri Lanka’s trade deficit in June narrowed to the lowest since October 2010 amid a significant decline in imports and a modest increase in exports, Central Bank data showed. The tra

Sri Lanka has a high potential to attract U.S. firms, which are trimming down their investments in China, and looking for alterative locations amid growing trade tensions between the world’s number one and number two economies.

Sri Lankan shares hit their lowest close in a week yesterday as investors remained on the sidelines and sought more clarity after the main opposition party, seeking to capitalise on public clamour for a decisive leader,

Sri Lanka must fulfil its commitments to foreign investors by moving ahead with the proposed amendments to Fiscal Management (Responsibility) Act and the new Monterey Law Act to ensure access to international capital markets, which is crucial for the

A leading economist in the country predicts a gloomy economic outlook for this year with economic growth stagnating at 2 percent, in the aftermath of the Easter Sunday attacks on April 21. “In 2019, we

Sri Lanka’s top executive’s lack of knowledge in modern agriculture led to ad hoc decision-making in the plantations sector, threatening an entire industry, which brings in significant foreign exchange to the country, a top minister asserted.

A family of tourists enjoying a walk along the Kurunegala lake indicating that Sri Lanka’s tourism industry is recovering fast. The arrivals have picked up since May and crossed the 100,000 mark in July—first time since the Easter attacks on Apri

The international trade fair for rubber industry “Rubexpo” opened at the BMICH yesterday. Here Plantation Industries Minister Navin Dissanayake making inquiries at a stall.

Sri Lanka’s tourism authorities target 150,000 tourists this month, betting on the continual momentum of the sector’s recovery in the aftermath of Easter Sunday attacks. August is consid

Sri Lanka’s state-run airline is set to report a loss of up to US $ 160 million this year, as tourism in the island nation suffers following the Easter bombings, the carrier’s chief executive said.

The Executive Director of Institute of Policy Studies (IPS) and head of its Macroeconomic Policy research Dr. Dushni Weerakoon has been appointed to the Monetary Board of the Central Bank with effect from July 29, the Central Bank said yesterday.