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 Colombo Stock Exchange (CSE) had to halt trading in under 10 minutes after the S&P SL20 fell over 5 percent.

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) yesterday, showed.

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

Brown & Company PLC has announced a debenture issue to raise Rs.2 billion, with an option to issue up to further Rs.3 billion. Each listed rated senior guaranteed redeemable debenture is offered at Rs.100.

The Tourism Ministry yesterday said that plans are afoot to resume flights to Moscow at the earliest.

The tourism industry stakeholders yesterday called on the Sri Lanka Tourism Development Authority (SLTDA) to refrain from painting a misleading picture to the government and instead present the realities of the sector.

Sri Lanka’s merchandise export earnings crossed the US $ 1 billion mark for the ninth consecutive month in February, despite a shortfall in some of the key agricultural exports, including tea.

David Pieris Motor Company (Lanka) Limited (DPMC) is the first company to introduce a motorcycle with local value addition under the standard operating procedure for automobile manufacturing/assembling industry and automobile component manufacturing

Pan Asia Bank once again demonstrated its commitment to support Sri Lankan businesses by entering into a brand-new partnership with Ideal Motors to finance 100 percent Sri Lankan-assembled Mahindra & Mahindra vehicles.

Sri Lanka’s leading private sector bank Hatton National Bank (HNB) has once again renewed its partnership with Ideal Motors (Pvt.) Ltd to promote and offer financing solutions for Mahindra automobiles and generators.

As the technology partner for Sri Lanka Railways (SLR) for over a decade, SLT-Mobitel together with SLR marked a significant milestone recently, with the launch of the online seat reservation web portal and mobile app for commuters, for the first tim

Sri Lanka is hosting the fifth Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) summit today.

As part of ongoing research into the economic impact of illicit markets, the Research Intelligence Unit (RIU) shared some of the key findings from its latest report that covers the economic impact of untaxed tobacco consumption in Sri Lanka.

Bangladesh announced today that Sri Lanka has reached out for yet another currency swap.

The Colombo Stock Exchange (CSE) announced that the market has been halted.

The Sri Lanka Tourism Development Authority (SLTDA) has overestimated the revenue generated by the sector for the first two months of the year, the latest Weekly Economic Indicators report by the Central Bank revealed.

Sri Lanka is inches away from fulfilling the monthly tourist arrival target set by the Tourism Ministry, with the figures for March showing that over 95,000 visitors have entered the country for the month so far.

Sri Lanka has sought an additional credit line of US $ 1 billion from India to import essentials amid its worst economic crisis in decades, two sources said yesterday, as the Indian foreign minister began talks with the government of its neighbour.

SriLankan Airlines yesterday announced the immediate suspension of operations between Sri Lanka and Moscow, Russia, due to operational restrictions that are outside of the airline’s control.

UB Finance Company Limited may seek a listing on the Colombo Stock Exchange this year, after the parent company Union Bank of Colombo PLC bolstered its capital via a Rs.2.0 billion rights issue last October.

Huawei Technologies yesterday reported asset sale gains helped lift profit 76 percent in 2021, turning in its first set of results under Chief Financial Officer Meng Wanzhou since she returned to China last year after nearly three years’ detention

Sri Lanka’s private sector is struggling to retain talent amid an exodus of talented workers moving abroad, eyeing better financial prospects, a recent panel discussion held in Colombo revealed.

The United States has praised the government for deciding to go to the International Monetary Fund (IMF) to seek a rescue package to resuscitate the economy hit by foreign exchange issues and high external debt.

The fundamental rights petition filed on behalf of the depositors attached to Ceylinco F&G Companies has been taken up before the Supreme Court through a motion, in order to bring the court’s urgent notice regarding an investment agreement.

Thirty-two highly skilled software engineers from Sri Lanka recruited on work permit by the new generation technology company iGreenData to work in Australia, visited the Consulate General of Sri Lanka in Melbourne recently.