Sri Lanka’s apparel sector is set to gain wider duty-free access to the United Kingdom after the latter announced sweeping reforms to its Developing Countries Trading Scheme (DCTS), allowing manufacturers to source up to 100 percent of garment inpu

A new study by the Institute of Policy Studies (IPS) warns that recent U.S. tariffs could slash Sri Lanka’s total export income by US$ 634 million and lead to significant job losses, particularly in the apparel and rubber industries.

The Sri Lankan government is set to overhaul its decades-old education system by introducing a transformative dual-pathway structure that will offer the students both conventional academic and specialised skill-based streams from secondary level.

Diversified conglomerate Aitken Spence PLC recorded a strong EBITDA of Rs. 4.1 billion for the first quarter ended 30 June 2025. EBITDA reflects the Group’s earnings prior to interest expenses, taxation,

Sri Lanka’s gem and jewellery industry leaders are optimistic about weathering the potential US tariffs, anticipating a minimal impact on the exports.

Sri Lanka yesterday stepped on to the global stage with a few key strong messages for investors; that its crisis-hit economy has turned a corner, its stock market is among the best-performing in Asia, and sweeping reforms have set the stage for susta

Global cybersecurity giant Kaspersky is sharpening its focus on Sri Lanka, championing a business-to-business-to-consumer (B2B2C) model to broaden its reach and introducing a new eSIM service poised to benefit the nation’s vital tourism sector.

Sri Lanka’s tourism sector has made a powerful start to August, with early figures indicating the country is on track for its best-ever arrivals for the month.

Sri Lanka has been identified as a key target for SideWinder, dubbed “the most aggressive threat in APAC” by global cybersecurity giant Kaspersky.

Hemas Holdings PLC posted a double-digit profit gain for the June quarter, driven by a strong topline growth in its healthcare segment, improved margins and easing finance costs, positioning the diversified group on firmer ground as it entered the ne

New threat research from Kaspersky has revealed a startling figure for Sri Lanka’s gaming community and its corporate sector with at least 10,877 gaming accounts in the country compromised by infostealer malware in 2024.

The local construction industry risks widespread collapse if urgent relief is not extended to the struggling firms, the Chamber of Construction Industry of Sri Lanka (CCISL) warned, citing a growing wave of parate executions by the banks on the mortg

With the launch of the landmark City of Dreams Sri Lanka last Saturday, the nation is being positioned as a potential gaming and tourism hub for South Asia, with Melco Resorts & Entertainment Chairman and CEO, Lawrence Ho, drawing a powerful parallel

Sri Lanka’s apparel industry has welcomed the United States’ decision to revise the reciprocal tariff on Sri Lankan exports to 20 percent, a move the sector says is vital to retaining competitiveness in its top export market.

Sri Lanka’s external sector held firm in the first half of 2025, registering a current account surplus, even as the merchandise trade deficit expanded in June. This was driven by a surge in vehicle imports, latest data

Premier blue-chip John Keells Holdings PLC (JKH) posted a sharp earnings rebound in the first quarter of its current financial year (1Q26), with group revenue expanding 64 percent year-on-year (YoY) to Rs.114.15 billion and group EBITDA rising 69 per

The latest increase in tobacco tax on beedi products has failed to meet its intended revenue targets, with authorities pointing out a drop in licensed manufacturers and rising illicit trade as key reasons for the shortfall.

Sri Lanka’s export economy packed a punch in the first half of 2025, crossing the US $ 8.3 billion mark for the first time in three years, as a surge in services and agri-based shipments helped offset the sectoral drag.

Sri Lanka’s tourism sector is facing a significant slowdown in arrival growth for the second consecutive month, with July figures indicating a sharp drop in momentum.

The International Monetary Fund (IMF) yesterday stressed the importance of firm fiscal discipline, as Sri Lanka prepares its 2026 national budget.

A top construction industry leader voiced cautious optimism for Sri Lanka’s construction sector, suggesting the government’s initial “learning curve” is now over and is anticipating a new sense of urgency in project

The Central Bank left its key policy rate unchanged at its fourth monetary policy announcement yesterday, as Governor Dr. Nandalal Weerasinghe said all macroeconomic indicators are moving in the right direction, capturing the sentiments of the Moneta

Sri Lanka’s unit trust industry has demonstrated a significant expansion in its investor base over the past year, a positive indicator for financial inclusion and capital market depth.

Sri Lanka’s consumer prices, measured nationally, rose by 0.6 percent in June from a month ago levels, picking up from 0.5 percent in May, as the upward revision to the electricity prices in June sent the non-food prices higher.

Sri Lanka’s foreign direct investment (FDI) inflows have more than doubled in the first six months of 2025, reaching US$ 507 million, a stark 101 percent increase from the US$ 252 million recorded in the same period last year.

The Central Bank issued fresh guidelines to the banks, finance companies and leasing establishments, outlining the new upper limits for loans and lease facilities granted to purchase vehicles, while removing the preferential high limit assigned for e

LTL Holdings Ltd has withdrawn its Rs.20 billion initial public offering (IPO), the largest ever attempted on the Colombo Stock Exchange (CSE), due to delays in the subscription process, the company disclosed

Sri Lanka is turning to energy storage systems, including battery and hydro-based solutions, to address the growing imbalance between solar energy supply and demand, a move the government said is critical to sustaining the island’s renewable energy

Sri Lanka’s ambitious goal of welcoming 3 million tourists in 2025 faces further pressure after a lackluster start to July.

Sri Lanka’s Inland Revenue Department (IRD) has imposed stricter new quarterly filing requirements for the banks and financial institutions handling advance income tax (AIT) deductions on interest payments, effective immediately. Under circular No.