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

With the usable foreign exchange reserves falling to US $ 0.9 billion ahead of the US $ 6.9 billion external debt-servicing obligations for the year,

The telecommunication services providers became the immediate winners during the last two years, when the pandemic pushed the economic activities online and forced people to shelter-in-place.

Sri Lanka’s industrial production slipped in November 2021, ahead of the key festive month, weighed down by the coke and refined petroleum, as the foreign exchange crunch worsened prompting a temporary closure of the country’s only refinery.

To unlock the potential of Sri Lanka’s digital economy and leverage advanced technologies, SLT-Mobitel, the national ICT solutions provider, signed a historic memorandum of understanding (MoU) with ZTE Corporation, a major international provider of

A key milestone in Sri Lanka’s ICT education was marked by the University of Moratuwa (UoM) and Dhammika & Priscilla Perera Foundation (DP Foundation) by signing a memorandum of understanding (MoU) recently to collaborate on the facilitation of ope

The 70th South Asian Federation of Accountants (SAFA) Board Meeting and Induction of the SAFA President for the year 2022 was held recently, hosted by the Institute of Certified Management Accountants of Sri Lanka (CMA), supported by the SAFA Secreta

Dulitha Perera took the oath of office and became the 41st President of the Organisation of Professional Associations of Sri Lanka (OPA), at its Annual General Meeting, held last week.

The Commercial Bank of Ceylon has once again become the highest-ranked bank in the ‘LMD 100’ and is among the Top 10 corporate giants on this list for the 28th consecutive year, having been ranked among the Top 10 every year since the ranking was

Amana Bank PLC Sri Lanka was recognised with Gold Award for Entity of the Year at the IFFSA Awards, which recognises the non-interest based Islamic Banking & Finance industry amongst South Asian countries, including India, Pakistan, Sri Lanka, Bangla