The Australian government has sent out a stronger travel advisory to those looking to visit Sri Lanka. Travellers have been urged to reconsider their plans in visiting the island nation.

The Central Bank will have to print money when not doing so brings even bigger problems such as not paying State sector salaries, said the Central Bank Governor Dr. Nandalal Weerasinghe adding that they however do that with utmost responsibility and

Engineering firm Luminex Limited has postponed its Rs.250 million Initial Public Offering (IPO) for the second time to May 19.

Treasury bill yields inched atop 24 percent at the weekly bill auction held on Wednesday while the Central Bank rejected a section of the bids received for 6 and 12-month bills considering the wide range of bids, which were considered excessive.

Sharp depreciation in the rupee against the dollar helped Commercial Bank of Ceylon PLC (ComBank) to record a massive jump in assets and thereby its profits in the three months to March 2022 (1Q22).

Sri Lanka’s trade deficit narrowed in February this year as import expenditure slightly trended downwards despite high oil prices while export earnings held on maintaining the growth momentum.

The Sri Lanka Institute of Marketing (SLIM) yesterday said the sudden eruption of violence witnessed at the beginning of the week that changed the nature of peaceful protests, could tarnish the long held reputation of Sri Lanka as a liberal market co

Sections of Sri Lanka’s export sector have come under threat, due to the escalating crisis situation in the country, mainly the implications stemming from the prevailing political instability in the nation. Failing to prioritise the establishment o

The Free Trade Zone Manufacturers’ Association (FTZMA) yesterday called on the political fraternity to step up in bringing in some form of stability to the country so that the mounting economic hardship can be eased.

The Central Bank of Sri Lanka launched the Sri Lanka Green Finance Taxonomy at the John Exter International Conference Hall of the Central Bank on May 6, 2022.

The Granbell Hotel Colombo recently opened its doors, warmly welcoming all to experience a fusion of Japanese and Sri Lankan hospitality.

Asian Chill Equipment (Pvt.) Ltd and the ASPARAI brand, the leader in manufacturing commercial stainless-steel refrigeration and kitchen equipment, food display counters for hotels, won the Platinum award in the small and medium-scale electrical and

Secure lifestyle-based financial assistance platform Moneta recently debuted an ingenious product to remove the financial barriers to study, whereby students can pursue a professional/educational qualification and pay in four instalments, always inte

Elephant House Ice Cream, Sri Lanka’s most loved and trusted ice cream brand, has yet again embarked on a new venture to connect with the future generations of the country.

Furniture and interior décor pioneer R. M. Perera (Pvt.) Ltd was recognised as the Gold winner in industry excellence – medium and large category, at the recently concluded National Industry Excellence Awards 2022, organised by the Industrial Deve

Ceylon Agro Industries Ltd (Prima Group Sri Lanka), the company behind some of Sri Lanka’s most popular consumer brands such as Prima KottuMee, Prima Stella, Prima Sunrise, Prima Treats, Prima Flour and many more, was recognised at the recently con

CEAT, Sri Lanka’s highest-selling pneumatic tyre brand, has been ranked the Most Valuable Brand in the tyre category and has advanced 10 places in the latest brand value rankings published by Brand Finance, the world’s leading brand valuation con

The International Monetary Fund (IMF) yesterday said it would continue technical-level discussions with Sri Lanka to be prepared for policy discussions when a new government is formed.

The Colombo Stock Exchange (CSE) will resume trading today from 10:30 a.m. to 12:30 p.m, a CSE statement said.

The current stagnant state of the operational environment could turn detrimental for the national economy and businesses, the Sri Lanka Shippers’ Council (SLSC) cautioned yesterday.

The National Chamber of Exporters of Sri Lanka (NCE) has joined hands with the United States Agency for International Development (USAID) to offer Preventive Controls Qualified Individual (PCQI) certification.

The operation at all free trade zones and export companies under the Board of Investment (BOI) continues to function and is bouncing back to normal operations, with employees reporting for duty, despite certain setbacks that were faced in the country

In a fresh move to ease the excessive daily volatility currently prevalent in the dollar/rupee exchange market, the Central Bank will soon provide guidance to banks to follow when quoting rates for the importers and exporters, which will also prevent

China hit back yesterday against what it called “irresponsible” comments by the head of the World Health Organisation (WHO), who described the country’s uncompromising and increasingly painful “zero COVID” policy as “not sustainable”.

Joint Chambers along with the Institute of Chartered Accountants of Sri Lanka yesterday called upon President Gotabaya Rajapaksa to take immediate steps to appoint a competent person as the interim Prime Minister and a small Cabinet of Ministers in c

Sri Lanka’s annual average inflation is estimated to remain at a shockingly high level of 22 percent through the end 2022 indicating that the economic crisis and its reverberation would grind on for years to come from where it is today.

The Central Bank Governor Dr. Nandala lWeerasinghe and the Treasury Secretary Mahinda Siriwardana yesterday met with Opposition Leader Sajith Premadasa to apprise him of the economic crisis faced by the country.

The tea and rubber auctions that were scheduled for yesterday had been postponed.

The Joint Apparel Association Forum (JAAF) yesterday called upon leaders and authorities to immediately restore political stability across the country by urgently filling the political vacuum created with the resignation of Prime Minister Mahinda Raj