The Free Trade Zone Manufacturers’ Association (FTZMA) in a letter to President’s Secretary Gamini Senarath has expressed its disappointment over how the government is managing the current situation in the country and directly faulted the authori

Sri Lanka’s soaring prices have nearly caught up with the increases in wages, thereby making people financially worse off than a year before.

Central Bank Governor Ajith Nivard Cabaraal has resigned from the top post with immediate effect after submitting his resignation to President Gotabaya Rajapaksa, yesterday.

The Sri Lanka Institute of Biotechnology (SLIBTEC) will collaborate with the U.S. government’s development arm, the U.S. Agency for International Development (USAID), to promote innovation in the biotechnology sector by establishing Sri Lanka’s f

President Gotabaya Rajapaksa yesterday appointed Ali Sabry as the country’s Finance Minister, as a new team of ministers took office after the protests flared in the wake of a worsening economic crisis.

The Central Bank yesterday said the third monetary policy review, which was scheduled to be issued this morning, would be postponed, along with the customary press conference that follows.

The Colombo bourse yesterday positively responded to the resignation of Central Bank (CB) Governor Ajith Nivard Cabraal and unconfirmed reports over the appointment of former CB Governor Dr. Indrajit Coomaraswamy to the three-member advisory committe

The tourism industry stakeholders reiterated their disappointment in the leadership of the Sri Lanka Tourism Development Authority (SLTDA), as it continues to turn a deaf ear to the pleas for assistance to overcome the ongoing economic challenges.

The stakeholders of the tourism and hospitality sector will take part in a peaceful protest today in Colombo.

A collective of information and communication technology (ITC) industry leaders in Sri Lanka yesterday called for transparency, stability in governance and fiscal management, access to dollars for start-ups and small businesses for essential services

Given the short-term uncertainty prevailing in the capital markets as well as the power outages expected to continue during the month of April,

Sri Lanka would not be facing its worst economic crisis in history in the current juncture if the Central Bank’s six-month road map was rolled out as planned, Governor Ajith Nivard Cabraal said.

The prevailing power crisis could aggravate in five months if authorities fail to release required funds to clear the coal consignments which are waiting to be cleared,

More than two-thirds of the people in Sri Lanka believe the rupee would further depreciate against the dollar after it shed 50 percent of its value in a matter of three weeks since the Central Bank’s botched currency float, which sent prices spiral

Sri Lanka’s tourism sector, which continues to face regular hurdles in its efforts towards revival, is likely to experience a major setback due to the harsh measures adopted by the government to silence the people from voicing their plight.

The Central Bank last week raised the maximum rate offered for deposits by finance companies effective from April 1, as market interest rates have surged substantially since the last revision made in December for the quarter that followed from Januar

The Ceylon Chamber of Commerce (CCC) yesterday shared its concerns and dissatisfaction over the ongoing situation in the country that adds to the distress of the already crippling economy.

Daraz Sri Lanka won the People’s Youth Choice Service Brand of the Year award at the recently held SLIM-KANTAR People’s Awards 2022, clinching the first-ever accolade for the ecommerce platform at the esteemed national awards ceremony organised b

Pro Food, Pro Pack and Ag-Biz 2022, Sri Lanka’s only comprehensive food, agriculture and packaging exhibition, will open its doors to the public and trade visitors from August 5-7, 2022, for the 19th consecutive year, at the BMICH Exhibition Centre

Aitken Spence Elevators recently won another international award for Excellence in Business Transformation at the Business Transformation Leadership Awards presented by World Leadership Congress and powered by CMO Asia.

Hambantota International Port (HIP) was named as Multipurpose Port/Terminal of the Year 2021 and Port Infrastructure Development of the Year 2021, at the recently concluded Global Port Forum (GPF) awards.

The yields of the Treasury bills continued to advance unabated at the auctions held this week, with the benchmark one-year bills adding as much as 28 basis points to 12.28 percent, as the bond investors continued to seek higher yields, which can comp

Trading at the Colombo Stock Exchange (CSE) closed for the day yesterday after a few minutes since the trading began, as the S&P SL20 index dropped below 10 percent from its previous close.

Russia has told “unfriendly” foreign countries they must start paying for gas in roubles or it will cut supplies. Vladimir Putin has signed a decree stating buyers “must open rouble accounts in Russian banks” from yesterday.

Wyavasaya 2022, a trade and educational exhibition, kicked off at the BMICH yesterday.

The National Chamber of Exporters (NCE) yesterday expressed grave concerns about the status of the export sector, as it continues to be heavily impacted by the ongoing economic turmoil.

The International Monetary Fund (IMF) confirmed that Sri Lanka has given the nod to receive support to bail its economy out from the mounting crisis situation.

A total of 4.8 MnKgs came under the hammer at this week’s Colombo Tea Auction, a dip of 0.4 MnKgs when compared with last week’s offering.

Equities fell yesterday after their worst quarter since the early days of the pandemic as traders assess the impact of the war in Ukraine and the Federal Reserve’s plans to fight surging inflation by ramping up interest rates.

Outgoing Saudi Ambassador to Sri Lanka Abdulnasser Hussain Al-Harthi stated that Saudi Arabia intends to continually provide the assistance of the Saudi Development Fund to Sri Lanka.