In an effort to address issues faced by local small and medium enterprises (SMEs), the Ministry of Finance announced this week the establishment of a national advisory committee.

Premier blue chip, John Keells Holdings PLC (JKH) reported steady earnings growth in the third quarter, the financial year ending 2025 (3Q25), supported by improved performances across key sectors and a stabilising macroeconomic environment.

Sri Lanka’s imports raced in December last year to US$ 1,924.5 million, up 29.3 percent from the same month in 2023, reaching the highest monthly outflow for imports during 2024.

The consumer prices in the Colombo district fell 4.0 percent in the 12 months through January 2025, compared to the 1.7 percent decline in the prices in December 2024.

Sri Lanka has set itself yet another ambitious goal, this time raising the renewable energy target from the current 70 percent to 100 percent, aiming for a complete transition to clean energy.

In line with widespread expectations, the Central Bank kept its Overnight Policy Rate (OPR) — its new key policy rate — at 8.00 percent at its first policy meeting of the year.

President Anura Kumara Dissanayake delivered a strong message to Sri Lanka’s private sector yesterday, urging them to step up and play their part in uplifting the national economy, rather than leaving the entire burden of transformation on the gove

Sri Lanka’s export fraternity must intensify efforts to diversify its markets and product basket as President Anura Kumara Dissanayake has directed the industries and officials to work towards achieving an ambitious export revenue target of US $ 36

As the importation of passenger vehicles is set to reopen with effect from 1st February, the government is being urged to adopt a tax system to address the possible initial surge in demand for vehicle imports and to minimise revenue leakage through u

Sri Lanka could see the end to the current stretch of deflation in the second quarter before reaching the target level of 5.0 percent in the third, supported mainly by the accommodative monetary policy stance, which the Central Bank has been pursuing

Sri Lanka possesses a strong foundation for a digital economy, with 75 percent of the necessary skills already in place, according to Chief Advisor to the President on Digital Economy Dr. Hans Wijesuriya. However, to fully capitalise on this potenti

The Colombo Stock Exchange (CSE) is targeting 20 initial public offerings (IPOs) this year, with the IPOs with five to six already in the pipeline, according to its Chairman Dilshan Wirasekara.

The Ceylon Chamber of Coconut Industries (CCCI), the umbrella organisation for Sri Lanka’s coconut industry, yesterday urged the government to expedite the proposal to import 200 million nuts urgently to avert a looming dual crisis.

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.