Sri Lanka’s authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund (IMF) official said yesterday.

The national economy is slated to receive a fresh boost with plans afoot to set up a Japan-SL Free Trade Zone (FTZ) with an investment of US $ 15 billion.

In a bid to increase tourist traffic to Sri Lanka, efforts are being rolled out to offer free visas for five key source markets.

Sri Lanka’s newest destination branding for tourism, ‘You will come back for more’, was showcased for the first time at the International French Market (IFTM) Top Resa, kicking off the first of many promotions slated under the new promotion dri

The Associations of Tour Guides and Tour Drivers yesterday held a protest with Israeli nationals at the Independence Square in Colombo.

The 40th sale of the year, which concluded this week, had on offer a small volume of tea, comprising of 4.7 million kilogrammes.

Sri Lanka is looking to set up a Joint Economic Council with the United Arab Emirates (UAE), an effort towards promoting trade and investment cooperation between the two countries.

Large numbers on an entirely redesigned set of UK coins will help children to identify figures and learn to count, The Royal Mint has said.

China has taken the front seat in Sri Lanka’s external debt restructuring process making a calculated move akin to a chessboard strategy, catching everyone off-guard, by entering a preliminary debt deal with the Sri Lanka authorities.

The Hambantota International Port (HIP) has achieved a milestone by handling over half a million transshipment units by September, exceeding the port’s previous year’s roll-on/roll-off (RORO) figures.

CIC Holdings yesterday said it will begin treating premier blue chip John Keells Holdings PLC (JKH) as one of its associate companies, with the controlling shareholders of CIC agreeing to grant proxy over their voting rights in JKH to CIC for a perio

Citi Foundation announces recipients of inaugural Global Innovation Challenge

Cargills (Ceylon) PLC yesterday said it has formed a joint venture company with National Dairy Development Board of India (NDDB) and Gujarat Cooperative Milk Marketing Federation Ltd (GCMMF), which markets the famous Amul brand. A stock market filing

A renewed Trade and Investment Framework Arrangement (TIFA) was signed yesterday between Australia and Sri Lanka. Paul Stephens, Australian High Commissioner to Sri Lanka, and A.M.P.M.B. Atapattu, Secretary of the Ministry of Trade, Commerce and

The International Monetary Fund (IMF) yesterday said it had not been informed of any specifics of a debt restructuring deal that is believed to have been entered into between Sri Lanka and Export-Import Bank (Exim Bank) of China.

President Ranil Wickremesinghe yesterday extended an invitation to Sri Lanka’s private sector for its active involvement in the country’s...

FitsAir, the trailblazing privately owned airline in Sri Lanka known for its affordability and punctuality, recently celebrated its one-year...

India and Sri Lanka signed three new bilateral agreements aimed at enhancing cooperation between the two countries when India’s Minister...

The tourist arrivals to Sri Lanka in the first week of October crossed the 25,000 mark, the provisional data from the Sri Lanka Tourism Development Authority (SLTDA) showed.

Sri Lanka recently saw the rollout of an Aeronautical Information Management (AIM) System, which represents a significant advancement...

The Ceylon Chamber of Commerce is proud to announce Sri Lanka Economic Summit (SLES) 2023, on November 28 and 29, at Shangri-La....

Indices closed in red as a result of price losses in counters such as Sampath Bank, Hatton National Bank and DFCC Bank with the turnover...

Even before the onset of COVID-19, malnutrition stood as a significant driver of multi-dimensional poverty among children in Sri Lanka. Startling...

Revolutionizing the urban luxury living experience, HNB PLC, announced a pioneering partnership with Harbour Village (Pvt) Ltd. to redefine....

In a significant development that marks a new milestone in Sri Lanka’s e-commerce space, ‘Asian Hardware (Pte) Ltd’ has chosen to collaborate....

Committed to empower its customers with unprecedented once-in-a-lifetime offers, Pan Asia Bank is partnering with Juniper Real Estate...

REUTERS: The Export-Import Bank of China reached a preliminary agreement with Sri Lanka last month on the disposal of China-related debts, China’s Foreign Ministry announced yesterday, as the island sought debt relief from its biggest bilateral len

Asia Capital PLC yesterday said Seylan Bank has published auction notices on three of its hotel properties due to failure to settle their loans with the bank in a timely manner. The three properties are Beach Resorts Kosgoda (Pvt) Ltd., Wadduwa Resor

Fitch Ratings said yesterday the cash flow operations of the Ceylon Electricity Board (CEB) would not be sufficient to cover its interest obligations this year, despite a 150 percent tariff increase.

Colombo International Container Terminals (CICT) has been declared as the Best Container Terminal in Asia in 2023, in the under four million TEUs category, winning the coveted title for the seventh consecutive year. CICT’s impressive triumph on the