The International Monetary Fund (IMF) slightly lowered its outlook for the global economy on Tuesday, while predicting that most countries will avoid a recession this year despite economic worries and geopolitical strains.

The underlying drivers of historically-high global inflation could persist until 2025, the International Monetary Fund’s (IMF) chief economist told AFP on Tuesday.

A group of tourists exploring the Independence Memorial Hall in Colombo. Tourist arrivals to Sri Lanka have been on an uptrend since the start of this year, with the cumulative arrivals for the January 1 to April 7 period amounting to 362,519.

Japan, India and France will announce the launch of the debt restructuring negotiation process on Sri Lanka today, in the margins of the Spring Meetings, the International Monetary Fund statement said.

Seylan Bank PLC yesterday revealed plans to raise up to Rs.7 billion via a Basel III-compliant convertible debenture issue.

Banknote maker De La Rue has said that demand for cash around the world is at its lowest level in 20 years.

The weeks-long decline in Treasury bill yields reversed this week in two out of three tenures, in what was interpreted as a temporary blip by the primary dealers and investors, as they believe the current descent in bill and bond yields to accelerate

The United States Agency for International Development (USAID) and The International Research and Exchanges Board (IREX) have...

The Sri Lanka Tourism Promotion Bureau (SLTPB) in collaboration with Sri Lanka Embassy in Manila recently hosted a familiarisation....

Amid high demand, Russia’s outbound tour operators have decided to extend winter flight programmes to Sri Lanka in the upcoming....

Chinese technology giant Alibaba has announced plans to roll out its own artificial intelligence (AI) ChatGPT-style product called Tongy....

People’s Bank is celebrating the traditions of Sinhala and Tamil New Year with a host of gifts being offered for Ganu Denu. All People’s...

Sri Lanka Skills Expo 2023 will take place at the Sirimavo Bandaranaike Memorial Exhibition Centre (SBMEC) at the BMICH in Colombo...

Interest rates in major economies are expected to fall to pre-pandemic levels because of low productivity and ageing populations, according.....

China’s consumer price inflation fell below one percent in March, official figures showed yesterday, a sign of weak demand....

The ASPI closed in green as a result of price gains in counters such as Lanka IOC, Expolanka Holdings and LOLC Holdings with the turnover...

Sri Lankan Foreign Minister Ali Sabry yesterday urged other countries to review their travel advisories to reflect the stability in the country, which would further encourage tourist influx.

Credit to the private sector continued to decline through February but the pace at which it was coming down slowed compared to a month ago, reflecting that the financial conditions are easing after the rates began to come down on hopes of a pivot in

Through funding from the European Union (EU), a shipment of 3,820 tonnes of urea fertiliser procured by the Food and Agriculture Organisation of the United Nations (FAO) was handed over to the Agriculture Ministry yesterday, for distribution among th

The local rubber sector was severely impacted in the month of March, due to the rupee appreciation. This, along with the gradual decline of natural rubber prices in the regional commodity markets, caused a drastic drop in the prices of all rubber gra

The fourth Export Barometer Survey conducted by the Ceylon Chamber of Commerce highlighted a fall in exports in the second half of 2022, in line with the decline in national exports during the last quarter of the year.

Lanka IOC PLC yesterday announced the appointment of a new Chairman to its board, following the nominations by its parent company Indian Oil Corporation Ltd, with effect from April 5, 2023.

Top officials from China will attend the World Bank and International Monetary Fund (IMF) spring meetings in Washington this week, their first attendance in person in three years after COVID-19 curbs limited them to virtual participation.

Due to the down turn of the economy there is a disinclination to invest in the infrastructure, building or industrial development and consequently the construction industry is in the doldrums. However, there is a ray of hope and that to take these co

Empowering local fabricators and strengthening the industry, Sri Lanka’s undisputed market leader and the largest aluminium extrusion manufacturer Alumex PLC, announced the launch of its loyalty programme ‘Divikavuluwa’.

The Research Intelligence Units’ suburban apartment price index for February reveals that the apartment prices are continuing to decline in US dollar terms making it an opportune time for foreign investors.

As the Sri Lankan economy continues to grapple with the effects of the recent economic crisis and the slow pace of recovery,

HSR Engineering (Private) Limited, a member of the Wardena Holdings Group, has announced that it has legally changed its name to Megakem Engineering (Private) Limited.

HNB’s Branch Managers’ Conference and HNB Stars’ Night: A night of employee recognition and appreciation Sri Lanka’s leading private sector bank HNB PLC, recognized employees that have gone above and beyond at the annual conference and award

The tourist arrivals to Sri Lanka were recorded at 26,912 in the first week of April, the provisional data from the Sri Lanka Tourism Development Authority showed.