The government called on the industrialists to embrace digital supply networks under a unified industrial strategy or risk being left behind in an increasingly interconnected global economy.

Sri Lanka’s confectionery industry is experiencing some sweet growth as it on an upward trajectory this year, supported by improving economic sentiment, consecutive festive seasons, and a forecasted increase in consumer spending following the salar

Japan yesterday became the first bilateral creditor among the Official Creditor Committee (OCC) to restructure Sri Lanka’s bilateral external debt worth US $ 2.5 billion and unlocking doors to new projects.

With Sri Lanka experiencing a rise in tourist arrivals compared to last year, industry leaders are calling for the urgent rollout of global promotional campaigns to sustain the momentum in order to achieve the government’s sector targets for the ye

The fear of taxation may be contributing to the recent increase in cash circulation, highlighting Sri Lanka’s long journey towards a less cash-dependent society.

The International Monetary Fund (IMF) will closely monitor Sri Lanka’s fiscal and structural reforms ahead of the fourth review, following the successful completion of the third review under the Extended Fund Facility (EFF) programme.

Sri Lanka’s tourism sector maintained its strong momentum in February, recording 240,217 international arrivals, the second-highest figure for the month since 2019, according to the data from the Sri Lanka Tourism Development Authority.

On late Friday evening, Sri Lanka celebrated another positive development as the International Monetary Fund (IMF) approved the third review under the Extended Fund Facility (EFF) arrangement, allowing authorities to access US$ 334 million.

With the significant rise in online financial crimes, the Central Bank of Sri Lanka (CBSL) this week called on the financial institutions to explore the possibility of using artificial intelligence (AI)-driven technology to help tackle frauds and sca

Sri Lanka must wait for a sovereign credit upgrade to B-minus level to access global financial markets, where the country could also start to experience significant foreign investment flows, a senior global banker said.

The Budget 2025 is a critical milestone in Sri Lanka’s economic recovery journey, as it has managed to strike a careful balance between maintaining fiscal discipline and addressing the immediate needs of the public, according to Secretary to the Tr

Sri Lanka’s export sector kicked off 2025 on a positive note, with total exports crossing US$ 1.3 billion in January, marking a 7.5 percent year-on-year (YoY) increase, data from the Export Development Board (EDB) showed.

Sri Lanka’s top tech industry veterans asserted the critical need for the start-ups to lead with artificial intelligence (AI) in their messaging, regardless of their business model, to stay competitive and align with the global and regional leaders

Sri Lanka’s national monthly consumer prices slowed to 0.9 percent in January 2025 from the 1.1 percent increase in December 2024 on the back of increases in both food and non-food prices during January 2025.

President Anura Kumara Dissanayake yesterday reaffirmed the government’s commitment to positioning Sri Lanka as a globally competitive nation through advancements in digitalisation and innovation.

The Port of Colombo began 2025 on a shaky start as transshipment container volumes declined amidst persistent congestion, marking a contrast to the robust growth experienced in the first and latter parts of 2024.

Sri Lanka’s Budget 2025 signals a strong push to boost fiscal revenues but risks to the country’s financial stability remain significant, Fitch Ratings warned.

Sri Lanka’s 2025 budget doesn’t introduce major tax changes but includes a few welcome adjustments. However, a tax expert points out that the budget still lacks a scientific approach, highlighting the need for a dedicated tax unit to advise the F

Sri Lanka yesterday introduced a national budget aimed at balancing fiscal discipline with economic revival, while addressing the gap between the struggling households and long-term growth ambitions.

The Sri Lanka Pharmaceutical Manufacturers Association (SLPMA) urged the government to create a level playing field for domestic pharmaceutical manufacturers to compete with imported pharmaceutical products.

Sri Lanka’s inflation is expected to increase “sizeably” in the third quarter this year (3Q25), with the possibility of it hovering around 2 percentage points above the inflation target in mid-2026, the Central Bank of Sri Lanka (CBSL) said in

Manila-based lender, the Asian Development Bank (ADB), has earmarked an indicative envelope of US$900 million for Sri Lanka’s development in 2025.

Sri Lanka’s vehicle tax structure has come under renewed scrutiny, with tax experts warning that the imposition of the value added tax (VAT) on top of an already VAT-inclusive excise duty has resulted in a “tax on tax” scenario, making the syst

Aitken Spence PLC has delivered strong profit growth for the nine months ended despite external economic and geopolitical challenges.

While expressing keenness to extend possible visa-free travel for Sri Lankan tourists visiting Malaysia,

Supreme Court Justice Yasantha Kodagoda, President’s Council (PC), has called on Sri Lanka’s corporates to appoint a ‘Chief Integrity Officer’ within their organisations to foster a culture of integrity and zero tolerance for bribery and corr

President Anura Kumara Dissanayake stressed that Sri Lanka’s only viable path for recovery is to continue on the current International Monetary Fund (IMF)-backed path and to build up the economy on this foundation.

SriLankan Airlines plans to double its fleet to 50 aircrafts within five years as Sri Lanka targets US $10 billion in annual tourism revenue by the end of the decade.

Hatton National Bank PLC (HNB) yesterday announced the rebranding of Acuity Partners (Pvt) Ltd as HNB Investment Bank (Pvt) Ltd, following its complete acquisition of the securities firm.

Sri Lanka’s tourism sector, having overcome multiple challenges over the past five years, has reached a new milestone, with tourist arrivals in January hitting an all-time high for the month.