The Sri Lanka Tourism Development Authority (SLTDA) is in the midst of establishing 10 sites to disburse fuel exclusively to the tourism sector stakeholders, an effort taken toward improving the current distribution system.

ARCHNIX Group Chairman Kinthusan Thevakumar has introduced a new concept to the National Apprentice and Industrial Training Authority (NAITA) to develop their students’ skills to meet industry requirements.

Sri Lanka’s lubricant market leader Chevron Lubricants Lanka PLC recorded strong top and bottom-line performances for the quarter ended on June 30, 2022 (2Q22), though it incurred over a Rs.1.2 billion foreign exchange loss, due to the rupee deprec

China’s commitment to restructure the US $ 6 billion it is owed by Zambia is a good sign for Sri Lanka and others that have borrowed heavily from Beijing, according to a Reuters report.

CHEC Port City Colombo (Pvt.) Ltd is representing Sri Lanka at World Cities Summit 2022 that is being held at the Marina Bay Sands, Singapore, from July 31 to August 3.

South Asia Gateway Terminals (Pvt.) Ltd (SAGT), Sri Lanka’s first public-private partnership (PPP) container terminal, commissioned a new Reach Stacker (RS) recently, enhancing its total RS fleet.

President Ranil Wickremesinghe has told Wall Street Journal (WSJ) that Sri Lanka is expected to reach a staff-level agreement with the International Monetary Fund (IMF) by the end of August.

Inflation in the Colombo district as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index breached 60 percent in July making Sri Lankans poorer amid an economic crisis, which is yet to show any signs of lessening.

Foreign mutual funds which have exposure to Sri Lankan equities have posted steep losses in their net asset values this year, prompting their fund managers to look for ways to trim their holdings and switch to alternative markets.

Zambia’s creditors pledged to negotiate a restructuring of the country’s debts on Saturday, a move IMF managing director Kristalina Georgieva welcomed as “clearing the way” for a US$1.4 billion Fund programme.

The Central Bank yesterday called on all stakeholders of the economy to operate with ‘fair play’ so that the ongoing unprecedented crisis can be resolved at the earliest.

Expolanka Holdings PLC with interests in logistics, leisure and investments, having a global presence in 34 countries and over 70 cities announced their financial performance for the quarter ending June 30, 2022 presenting strong results maintaining

Sri Lankan President Ranil Wickremesinghe said on Saturday that an agreement with the International Monetary Fund has been pushed back to September due to the unrest over the past weeks, the Associated Press reported.

Bank of Ceylon marks its 83rd anniversary today. The bank will be celebrating the occasion beginning with a multi-religious ceremony at the bank’s head office with the participation of distinguished guests comprised of customers and well- wishers.

The Annual General Meeting of the PATA Sri Lanka Chapter was held recently at Jetwing Colombo 07 and Jetwing Hotels Ltd Manager Operations Dmitri Cooray was elected as Chairman for the year 2022/2023.

Union Bank of Colombo PLC reported a net loss for the quarter ended on June 30, 2022 (2Q22), amid higher provisions on possible bad loans, deterioration in asset quality and higher operational costs, though the bank’s core banking operations regist

The Advocata Institute has organised the Reform Now conference to be held on August 5 and 6, 2022, on the theme ‘Let’s Reset Sri Lanka’.

The Sri Lanka Export Development Board (EDB), which turns 43 years today, is the premier state organisation for the development and promotion of exports in Sri Lanka.

The long-delayed Mannar basin M2 block (exploration and production) tender and commencement of exploration work by the selected bidder for the M1 and C1 July 2019 tender could cost Sri Lanka over a billion dollars in foreign direct investment (FDI).

The Agriculture Sector Modernisation Project (ASMP) has stepped up efforts to transform Sri Lanka’s shrimp farming industry to become a key source for foreign exchange, so that the ongoing shortage can be addressed.

The Central Bank yesterday announced the reappointment of Anthony Nihal Fonseka as a member of the Monetary Board, with effect from July 27, 2022, for a period of six years.

The Colombo Tea Auction saw the offerings decline to 5.1 MnKgs this week, from 5.4 MnKgs the previous week, which met with strong demand in the backdrop of extremely low volumes on offer.

Following the launch of the application process for Best Corporate Citizen Sustainability Awards 2022, the Ceylon Chamber of Commerce (CCC) announced the appointment of the panel of evaluators, chaired by Dr. Ananda Mallawatantri, Sri Lanka Country R

National carrier SriLankan Airlines recently bagged the prestigious 50 years of Tourism award by MATI, in recognition of its remarkable service for over half a century.

The World Bank does not plan to offer new financing to Sri Lanka, which is battling its worst economic crisis in decades, until the Indian Ocean nation has an adequate macroeconomic policy framework in place, the lender said on Thursday.

Discussions with the International Monetary Fund (IMF) have resumed with the formation of a new government, with a view to finalising the remaining policy matters that needed to be agreed upon prior to reaching the agreement, the Finance Ministry sai

Norwegian offshore wind service company Edda Wind has agreed with Colombo Dockyard PLC to terminate the construction and delivery contracts for two commissioning support operation vessels (CSOVs), global shipping and maritime news platform Splash 24/

John Keells Holdings PLC (JKH), which runs the country’s second largest privately-owned supermarket chain this week announced that it had delayed its store expansion plans due to the volatile macro conditions and elevated construction cost.

The Central Bank has issued fresh guidelines to the non-bank lenders stipulating how they must go about providing concessions to borrowers affected by the current economic crisis which is sending shockwaves across almost every sector.

The International Monetary Fund (IMF) said on Wednesday it would discuss with Bangladesh its loan request after the country became the third in South Asia to seek such support after Pakistan and Sri Lanka.