The International Monetary Fund (IMF) said it is awaiting further information regarding Sri Lanka’s recent negotiations on the International Sovereign Bonds (ISBs), to ensure compliance with the debt sustainability objectives under its programme fo

Sri Lanka’s private sector delivered a scathing critique yesterday, slamming authorities for their sluggish response in shielding industries from disruptions caused by key institutions such as Sri Lanka Customs.

Sri Lanka has successfully concluded its discussions with the bondholders, reaching an agreement on the restructuring terms yesterday. This follows an unsuccessful first round of talks in April.

Sri Lanka’s State-Owned Enterprises (SOEs) that come under harsh criticism for their financial inefficiencies have reported “robust performance” in the first four months of 2024, according to the Ministry of Finance.

Amid the intensified government efforts to capitalise on trade liberalisation through new preferential agreements, international trade experts stress the need for structural changes in Sri Lanka’s production sector before pursuing new pacts.

Sri Lanka’s trade deficit narrowed in May as the merchandise exports remained resilient from a year ago levels...

Inflation in the Colombo district accelerated in June as widely expected, mainly due to the higher food prices, but the prices still remain largely below Central Bank’s medium term target of 5 percent.

The Sri Lanka Banks’ Association (SLBA) strongly refuted recent criticisms from two senior lawmakers, labelling the comments as “misconceived, inaccurate, misleading, and unhelpful.”

Sri Lanka yesterday marked a significant milestone in its economic recovery journey as it brought to close more than yearlong talks with the bilateral lenders.

Sri Lanka’s apparel industry is experiencing a downturn, with the export performance in the recent months not being at the expected levels.

As Sri Lanka is set to ink debt deals with the Paris Club creditors, bringing to close more than a year-long negotiations wi

President Ranil Wickremesinghe and IFS Global CEO Mark Moffat engaged in a discussion at the DigiEcon conference yesterday.

The government has not decided to grant permission to the state officials or any other individuals to import vehicles tax-free or allocate foreign exchange for them, Cabinet spokesman and Minister Bandula Gunawardana said.

Diversified conglomerate Brown and Company PLC yesterday announced the selling of its subsidiary Browns Fabric Limited.In a filing to the Colombo Stock Exchange, Brown and Company shared the entity was sold to Ceylon Knit Trend (Pri

As Sri Lanka is looking towards a digital economy to accelerate growth, President Ranil Wickremesinghe stressed the need to establish the necessary infrastructure for high-tech cities.

The National Consumer Price Index decelerated sharply to 1.6 percent in May, from 2.7 percent in April, as the food prices eased while the non-food prices remained nearly unchanged, measured from a year ago.

Tourism Minister Harin Fernando reiterated the need for Sri Lanka to relax the visa requirements for international....

The rate of tourist arrivals to Sri Lanka continues to remain slow in the month of June, which is an off-season of the island nation.

The Colombo Stock Exchange (CSE) yesterday announced the changes in the S&P Sri Lanka 20 index constituents....

The Colombo Stock Exchange (CSE) has approved in principle the listing of Commercial Bank of Ceylon PLC’s....

As the vehicle sales segment is expected to become active once again, paving the way for the commencement....

Trade between Sri Lanka and Thailand is set to witness a boost as the Ceylon Chamber of Commerce (CCC) renews a memorandum of understanding (MoU) with the Board of Trade of Thailand.

The government expressed optimism about the country’s potential to shed its ‘bankrupt nation’ label in the coming weeks as a series of upcoming events are expected...

The introduction of Standard Operating Procedures (SOP) has sparked significant boom in Sri Lanka’s automotive component manu

Sri Lanka is currently exploring the establishment of a development bank, a move that would facilitate the required funding to help improve the competitive capabilities of industries, President Ranil Wickremesinghe said.

The Economic Transformation Bill could create an oasis in an island of bad governance, sparking uncertainty among foreign investors and threatening the flow of crucial investments, warn legal and investment experts.

The all-important construction sector in Sri Lanka added much more heft in the first three months of the year.....

While businesses and individuals in Sri Lanka are likely to witness more pain as plans are underway to bring in more taxes, the International Monetary Fund...

Sri Lanka’s economy grew at a faster pace of 5.3 percent in the first three months of 2024, picking up from 4.5 percent in the final three months of last year, as the economy cooled down from the red-hot inflation back then, while the availability

Sri Lanka was able to let out a sigh of relief yesterday with the Internal Monetary Fund (IMF) announcing the approval of the second review under the Extended Fund Facility (EFF) programme which will release US$ 337 million.