The Executive Board of the International Monetary Fund (IMF) will consider Sri Lanka’s bailout package for approval today, exactly 200 days after reaching a staff level agreement. The approval....

Last week, the largest capacity crawler crane in Sri Lanka was unloaded at Hambantota International Port (HIP). The crane, with a 750-ton lifting capacity, will be initially used for Hiruras Wind Power Project...

With funding from the United States Agency for International Development (USAID), the Food and Agriculture Organization of the United Nations (FAO) in Sri Lanka delivered 36 000 tonnes of Triple Super Phosphate...

Driven by unprecedented demand for marine fuel combined with sharp depreciation of the rupee, Sr Lanka Ports Authority fully owned subsidiary Jaya Container Terminals (JCT) Limited saw a record growth...

Colombo-based economic think tank Verité Research said the current bout of volatility seen in Sri Lanka’s exchange rate is anathema to the economy as it increases uncertainty and risks for businesses....

Seylan Bank recently announced the opening of an Indian Rupee (INR) Nostro account with Indian Bank, Mumbai. This development will allow importers and exporters in the two countries to carry out trade....

As the name suggests, People’s Bank was established as a bank for the common man over 61 years ago. Today, People’s Bank is an undisputed giant in Sri Lanka’s banking sphere and is an integral....

Merchantrade Asia, a remittance hub, popular amongst migrant worker communities in Malaysia, has mapped out strategies with Sampath Bank to provide ease-of-access for remittances by Sri Lankans...

Further expanding its convenient and accessible network of MySpace self-banking kiosks, DFCC Bank unveiled the latest addition to its off-site network at MAS Fabric Park at MAS Intimates....

Sri Lanka is in dire need to correct its image in the eyes of the international community, given the negative sentiments that are still largely prevalent, as stepping up efforts in this regard is the marketing fraternity of the country.

People’s Bank yesterday said it had not received any direct or indirect request or instructions from any state institution to close their accounts with

In an effort to promote pilgrimage tourism, Indian Railway Catering and Tourism Corporation recommenced the Buddhist circuit tourist train, on the Bharat Gaurav Trains concept.

A group of foreign tourists is seen taking a break from their stroll around Colombo Fort. Tourist arrivals to destination Sri Lanka are picking up and gathering momentum.

The heads of the ASEAN missions in Sri Lanka discussed with President Ranil Wickremesinghe this week the advancement of the association and Sri Lanka cooperation, including in trade, investment and tourism.

A total of 5.1 MnKgs came under the hammer at this week’s Colombo Tea Auction, which was met with improved demand, particularly as the sale progressed.

Covid testing for travellers coming to England from China will end, the UK government has announced.

Markets in Europe and Asia rebounded yesterday after First Republic Bank was rescued by a group of major US lenders, easing worries about the current banking turmoil.

The recent visit of a 20-member US delegation team comprising high-level defence officials, grabbed the headlines and came under the spotlight due to the classified information about the visit and the government’s failure to articulate the define o

The new Monetary Law Act, which aims to grant independence to the Central Bank with enhanced accountability, will empower the monetary authority to make unpopular but essential decisions in prioritising price stability in the country under a flexible

The yields of government securities continued to ease this week as the Central Bank succeeded in selling Rs.120 billion at the Treasury bill auction held on Wednesday, two days after it offered a mammoth Rs.180 billion in the country’s biggest bond

Disputing the grim forecast of Sri Lanka’s exchange rate by Fitch Solutions by the year-end, Central Bank Governor Dr. Nandalal Weerasinghe raised concerns on the basis of the forecast while stressing that such long-term predictions on exchange rat

Believes assurances received by China, India and Paris Club creditors are signs of attaining stability

Credit Suisse shares surged more than 30 percent yesterday after announcing it would borrow up to US$ 53.7 billion from the Swiss central bank following a market drubbing over fears of a global banking crisis.

Expanding its supplier base for coconut-related raw materials, Sri Lanka’s leading manufacturer of value-added coconut fibre products and a subsidiary of the Hayleys Group, Hayleys Fibre, set up new operations in the Northern and Eastern provinces,

Full year contraction at 7.8%, worst in post-independence history

Brian Selvanayagam and Sanjeewa Anthony join as appointed commission members

In a backdrop where a lot of Sri Lankans are struggling to make their ends meet amid higher taxes and soaring utility bills, the country’s first ‘rage room’ has been opened in Koswatta, Battaramulla.

Sri Lanka is witnessing a steady inflow of international tourist arrivals for the month of March, with the arrivals crossing the 50,000 mark, as of March 13.

Sri Lanka’s tea exports declined for the second consecutive month in February.

The British High Commission in Colombo yesterday announced the launch of the UK government’s new Developing Countries Trading Scheme (DCTS) in Sri Lanka.