Revenue crunch continued to batter the government’s fiscal position amid the mega tax bonanza offered in 2020, which according to some was completely uncalled for.

Sri Lanka welcomed a total of 58,906 tourists within the first three weeks of January (1 to 22), realising nearly 59 percent of its ambitious monthly target of 100,000 arrivals.

Sri Lanka’s headline inflation measured by the National Consumer Price Index (NCPI) hit 14 percent in the twelve months to December 2021— touching a fresh high from November’s 11.1 percent—the highest since the officials started compiling the

Hunas Holdings PLC, previously known as Hunas Falls Hotels PLC, has officially become Sri Lanka’s newest listed diversified conglomerate.

Rainbow Clothing Managing Director Bandula Fernando was elected as President of the Sri Lanka Chamber of Garment Exporters (SLCGE), at the 26th Annual General Meeting (AGM) held on January 20, at Union Ballroom, Hilton Colombo Residencies, Colombo 2.

Pursuant to its objective of propagating digitalisation and digital procurement, PwC is set to conduct a transformative five-day workshop to be held between January 25 and February 02, 2022.

Ideal Motors (Pvt.) Ltd, the sole authorised distributor in Sri Lanka for premier vehicle brand Mahindra & Mahindra, is once again hosting its unique Mahindra Care Fest service campaign for all Mahindra customers.

Singer Mega celebrated its 24th anniversary yesterday. As part of its celebrations, Singer Mega showrooms islandwide will have special anniversary offers across all categories and a host of special activities for both existing and new customers until

Asia Asset Finance (AAF) PLC’s issuer rating was upgraded by ICRA Lanka Limited to [SL]A- from [SL]BBB+, an important benchmark of credit quality for partners and customers. AAF is a 73% owned subsidiary of Muthoot Finance Limited (MFL), which is

Sri Lanka’s reviving tourism sector now has its very own window to share employment opportunities, with the launch of the country’s first and only job site dedicated to the industry.

Wavemaker Sri Lanka, GroupM’s media, content and technology agency, recently clinched a global award at WARC Awards for Media 2021.

The Confederation of Micro, Small and Medium Industries (COSMI) and Centre for International Private Enterprise (CIPE) entered into a memorandum of understanding (MoU) to assist the communities affected by large-scale infrastructure projects in Sri L

Sri Lanka’s hotel sector workers yesterday staged a protest in front of the Labour Department, seeking government intervention in several matters.

A man had filed action against a woman at the Nugegoda District Court on the basis that a defendant woman is defaming the man by way of social media platforms such as Instagram and Facebook.

The capital market operator, the Colombo Stock Exchange (CSE), announced it would revise the index calculation methodology of the All Share Price Index (ASPI) from full market capitalisation-weighting to public float-adjusted market capitalisation.

The Sri Lanka Prosperity Index (SLPI), a measure of the country’s prosperity, inched up in the first year of the pandemic in 2020, the Central Bank of Sri Lanka (CBSL) said.

John Keells Holdings PLC (JKH) has concluded phase one of the private placement with Asian Development Bank (ADB) upon the conclusion of the allotment of 65.04 million new ordinary shares (initial placement shares ) at Rs.154.50 per a share to secure

The government yesterday presented to Parliament the Special Goods and Services Tax (SGST) Bill that is aimed at simplifying the existing tax structure.

The growth in the money supply in the economy has eased in recent months in a sign that the August pivot to monetary tightening has caused some pullback on the fast pace at which the money supply grew since the onset of the pandemic.

State Minister of Aviation and Investment Zone Development D.V. Chanaka yesterday assured there wouldn’t be a shortage of aircraft fuel despite the ongoing fuel crisis in the country due to the foreign exchange shortage.

Sri Lankan shares closed lower yesterday, weighed down by losses in industrial and financial stocks, after an increase in interest rates by the country’s central bank to control inflation failed to lift investor sentiment. The CSE All-Share index e

Iraq topped the list as the largest importer for Ceylon Tea in 2021, pushing Turkey down to second position.

The year 2021 brewed a strong Ceylon Tea cuppa by showing improvements in production, exports, and revenue despite repeated challenges faced by the industry.

Chevron Lubricants Lanka PLC, Sri Lanka’s lubricant market leader, delivered a strong performance in the third quarter last year by substantially regaining its market share from its closest competitors.

Jan Paul Bethke, a leading German importer of Sri Lankan fruits and tea, urged Sri Lankan agri-product exporters to practise effective and superior packaging, if they are to be successful in terms of capturing markets in Europe.

The Council of Palm Oil Producing Countries (CPOPC) recently held a webinar to highlight the importance of promoting good agricultural practices of smallholder farmers in the Asia Pacific, Central Latin America and Africa.

With the view of adhering to globally recognised sustainability practices, New Anthoney’s Farms (Private) Ltd, one of the leading names in the poultry sector, was awarded the prestigious Greenhouse Gas Verification Statement from Netherlands-based

The 12th Annual General Meeting (AGM) of the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) was held recently.

Despite a growing chorus for a restructuring of Sri Lanka’s outstanding debt, such a move could entail further rating downgrades, as it implies that investors would receive less value than what they were promised when the bonds were issued original

A unit of Access Engineering Group, Access Logistics Park Ekala (Pvt.) Limited, has won a bid to develop a 36-acre logistics and business park mixed development project in Ekala, Ja-Ela, from the Urban Development Authority (UDA).