Traverse, Sri Lanka’s first virtual city, launched by national ICT provider SLT-Mobitel, was debuted yesterday in Colombo.

The national carrier of Maldives, Maldivian yesterday announced it has temporarily halted services to Ratmalana International Airport.

The Joint Apparel Association Forum (JAAF), the apex body of Sri Lanka’s apparel industry, reiterated its concerns over the industry’s ability to continue operations due to the prevailing fuel and power crisis.

Inflation in the Colombo district jumped to 18.7 percent in the twelve months to March 2022 accelerating from 15.1 percent in February, as prices are seen charging ahead after the rupee was floated in the first week of March.

Sri Lanka’s true consumer price inflation is running in the north of 50 percent as the official index compiled by the Census and Statistics Department does not capture the time and income lost of scores of people who stand in queues everyday for fu

Sri Lanka’s power crisis which turned from bad to worse this week could grind on for months if not years as the country’s Executive President and his government are fully fixated on their quest to make Sri Lanka a net zero carbon emitting country

Sri Lanka’s Power Minister said yesterday that power cuts could continue into May, as many parts of the crisis-hit country currently faced up to 13 hours without electricity due to a shortage of foreign currency to import fuel.

Following the amalgamation of Commercial Leasing & Finance PLC (CLC) with LOLC Finance PLC (LOFC) with effect from March 31, 2022, new appointments and re-designations have been made to the LOFC director board.

With the worsening power crisis limiting trading to two hours, the Colombo bourse yesterday plunged by over 4 percent on margin selling as investors await cues from the authorities as to how they are going to resolve the country’s worst economic c

The Central Bank of Sri Lanka (CBSL) yesterday suspended the money-changing permit of Prasanna Money Exchange, for offering higher exchange rates above the rates specified by banks.

In an effort to extend some form of assistance to the IT/BPO sector during the ongoing power cuts, the Information and Communication Technology Agency (ICTA) has made arrangements to make its resources available to industry stakeholders affected by t

Sri Lanka’s government debt sharply rose to 109.3 percent of the county’s gross domestic product (GDP) in 2021 well above the frontier market average of 60 percent, according to the Institute of International Finance (IIF), a Washington-based glo

CFA Society Sri Lanka in collaboration with Ernst & Young will be hosting a panel discussion with ICTA General Counsel and Sri Lanka CERT Director Jayantha Fernando, EY Global Delivery Services Associate Director Nakul Chopra, NDB Capital Holdings Li

Sri Lanka’s national chamber for the IT/BPM industry, SLASSCOM - through its Women Technopreneurs Forum - in partnership with IFC and the Government of Japan, recently organised a unique hackathon focused on women technopreneurs, with the aim of br

Amid the ongoing 13-hour-long power cuts, the Board of Investment (BOI) has introduced a hotline (077-1211213) for enterprises under its purview to further facilitate ease of communication with the BOI.

The Sri Lanka Retailers’ Association (SLRA), the apex body for organised retail in Sri Lanka, has issued a communique requesting landlords, lessors and business partners to reduce leases and rentals for the association’s membership.

Expressing serious concerns on the management of Sri Lanka’s wind resources and potential foreign exchange outflows in decades to come, Ceylon Electricity Board Engineers’ Union (CEBEU) yesterday opposed the government’s decision to entertain u

Sri Lanka’s economy grew 3.7 percent in the year 2021, with the fourth quarter growth coming at 1.8 percent, the data released by the Department of Census and Statistics (DCS) showed on Monday.

The main Opposition Samagi Jana Balawegaya (SJB) yesterday called for the immediate bridging of Sri Lanka’s finances until steps are taken to settle its financial obligations, but expressed doubts that the nation will be successful in this endeavou

Swathes of Sri Lanka faced prolonged power cuts yesterday as a deepening economic crisis roiled markets and buffeted businesses,

The amalgamation of Commercial Leasing and Finance PLC with LOLC Finance PLC has led to an ad hoc constituent change in the S&P SL20 index.

Sri Lanka’s decision to seek a rescue package from the International Monetary Fund (IMF) has sparked a debate whether the Fund’s support would come at the expense of growth, as both growth and stability remain key for Sri Lanka to emerge victorio

Tourist arrivals to Sri Lanka crossed the 100, 000 mark for a month since February 2020, just before the country closed its borders for tourists due to COVID-19 pandemic.

The Information and Communication Technology Agency of Sri Lanka (ICTA), the lead agency in the island nation for the implementation of information and communications technology initiatives by the government,

The Cabinet nod has been granted to table the International Monetary Fund (IMF) staff report on Sri Lanka, published under Article IV of the IMF Agreement in Parliament.

Sri Lanka’s bilateral trade with India has grown by a notable 40 percent in 2021 over the previous year, overcoming the pandemic-induced challenges.

The daily power cuts, which have taken a massive toll on the everyday lives of the people and broader commercial sector, have now affected the water supply in the country, as several areas are experiencing over 24-hour water supply interruptions, cau

Advancing the government’s vision for a smart nation, the Cabinet of Ministers cleared the path for the Technology Ministry to roll out a more comprehensive centralised email and a collaboration platform for the public sector.

The Cabinet nod has been granted this week to issue orders granting incentives and exemptions for investments in the Colombo Port City (CPC) Special Economic Zone and introducing a separate mechanism under Foreign Exchange Act No. 12 of 2017, in acco