Oman biz fraternity to partake in ‘The Sri Lanka Export Brands’ at Expo 2020

The country’s exporters yesterday expressed their frustration over continued challenges faced by them in carrying out day-to-day activities with unannounced power cuts.

India offered a new US$ 500 million credit line to Sri Lanka to fund fuel purchases, the Indian High Commission in Colombo said yesterday, as the island struggles to manage its worst financial crisis in years.

The Ceylon Electricity Board Engineers’ Union (CEBEU) has warned that the CEB could be forced to implement power cuts up to five hours per day over the next 2-3 months with the current power crisis intensifying due to inaction by the top CEB manage

The Central Bank of Sri Lanka (CBSL) is likely to raise interest rates at its first policy announcement in 2022 to tackle growing price pressures, manage external challenges and reduce pressure on the rupee, economists and analysts said.

Both manufacturing and services activities recorded expansions in the final month of 2021, the Purchasing Mangers’ Index (PMI) for the month of December showed.

State Mortgage & Investment Bank (SMIB), which has been recalibrating its portfolio away from the Employee Provident Fund (EPF)-backed loans is facing a Rs.1.7 billion equity deficit this year to meet the regulatory mandated minimum capital levels, w

The employees of Inland Revenue Department, Excise Department and Sri Lanka Customs yesterday staged a protest against the new Special Goods and Services Tax (SGST) in front of the Finance Ministry.

The Colombo Stock Exchange (CSE) yesterday achieved a major milestone as the market capitalisation crossed the Rs.6 trillion mark for the first time in history.

Sri Lanka will need to work towards attracting 60, 828 tourists in the coming two weeks to achieve the ambitious target of reaching 100,000 arrivals per month.

The Sri Lanka Tourism Development Authority (SLTDA) yesterday issued a fresh warning to some of the hospitality service providers, who have opted back for ‘foreigners only’ policy with the increase in tourist arrivals to the country.

Emirates has announced it will add five more flights to Sri Lanka, offering customers 26 weekly flights to Colombo, including a daily service from Male to Colombo. Starting from February 10, the added services will offer customers more travel choices

Ushering in the much awaited December quarter earnings season, Keels Food Products PLC (KFP) filed its interim results for the three months last week, which showed some robust growth in sales and profits although the margins ticked down due to rising

Daraz, South Asia’s leading e-commerce platform, has unveiled its new brand look building on a successful 2021 of significant progress for the company.

Tea Smallholder Factories PLC, a subsidiary of John Keells Group, fell into red in the three months to December 2021 (3Q22), recording the second quarter of consecutive losses, as the company continued to lose revenues from the beginning of the curre

Reiterating its commitment to enabling greater digital inclusion for all Sri Lankans, regardless of their level of ability, Dialog Axiata PLC joined the GSMA Assistive Tech Programme to drive greater access and use of mobile technologies for persons

NCINGA, one of Sri Lanka’s leading IT solution providers, recently announced its partnership with Google Cloud that will serve the emerging digital transformation needs of Sri Lankan small businesses and enterprises.

Recently, the Oppo Inno Day 2021 website won the FOTD (FWA of the Day) Award by the FWA (Favourite Website Awards).

The launch of the Cluster Readiness Index (CRI) developed by the Regional Cluster Development unit of Information and Communication Technology Agency (ICTA) of Sri Lanka was held recently.

Driven by the goals of fostering and nurturing Sri Lankan start-ups and helping transform young disruptors to become successful entrepreneurs, both locally and internationally, SLASSCOM has been a key enabler in strengthening and creating a cohesive

SLT-Mobitel, the national ICT solutions provider, scores another first as the only telecommunication company in the country to fully integrate Amazon Alexa services for all Home Broadband customers, offering exciting new intelligent built experiences

In 2016, Sri Lanka ratified its Trade Facilitation Agreement (TFA) with the World Trade Organisation (WTO) and in 2017 a secretariat was established for the National Trade Facilitation Committee to drive the much-needed trade reforms in the country.

Sri Lanka has a whopping 527 state-owned enterprises (SOEs). The 55 SOEs classified as ‘strategically important’ alone employ 10 percent of the public sector workforce or about 1.9 percent of all workers.

Sri Lanka has settled a US$ 500 million International Sovereign Bond (ISB) which matured today.

REUTERS: Oil prices rose more than $1 on Tuesday to a more than seven-year high on worries about possible supply disruptions after Yemen’s Houthi group attacked the United Arab Emirates, escalating hostilities between the Iran-aligned group and a S

As Sri Lanka avoided an immediate debt default, averting a massive crisis, the country’s policymakers should now make use of the breathing space provided by the Indian credit lines to the tune of US $ 1.9 billion to engage with its creditors,

Sri Lanka had a tough time during December in defending the rupee against a probable free fall against the dollar, amid a deepening foreign exchange crisis,

The market value of the listed equity portfolio of the Employees’ Provident Fund (EPF) as at end-December 2021 recorded a value of Rs.112 billion, against its cost of Rs.84 billion, thereby reflecting a substantial unrealised gain of Rs.28 billion

In contrast to the repeated claims made by the authorities, worker remittances income plummeted as much as 60 percent from the same month last year, extending the declining streak for the eighth consecutive month.

India and Sri Lanka should forge a larger strategic framework that builds on the Indian presence in key projects such as the Trincomalee oil tank farm and Colombo port and benefits both countries, Sri Lankan High Commissioner Milinda Moragoda has sai