A win-win situation it would be for investors who take the leap to set foot into Sri Lanka in its current juncture, the Board of Investment (BOI) said, since much emphasis has been given to create a compelling investment environment.

The Export Development Board (EDB) called on international component manufacturers to relocate their operations in Sri Lanka as they will be able to reap the benefits of the country’s skilled and inexpensive workforce.

The government yesterday asserted it would explore all possible opportunities to reach its ambitious development targets, while taking a cautionary approach with regard to foreign borrowings when realising its growth agenda.

The government has reached a decision to withdraw from a joint memo presented to the Cabinet of Ministers to acquire 40 percent stake in Laugfs Terminal Limited, a fully owned subsidiary of Laugfs Gas PLC.

Listed corporates delivered their best ever earnings for the quarter ended March 2021 as the companies benefitted from the resurgent economy due to easing of restrictions, and exports grew at a robust pace, lifting multiple sectors barring a few such

The Cabinet of Ministers this week approved 42 amendments to the National Environmental Act (NEA) in order to give more teeth to the Central Environmental Authority (CEA) to effectively prevent widespread environmental damage in keeping up with recen

Sri Lanka welcomed nearly 1,500 tourists in the month of May, bringing the total number of arrivals for the first five months of the year to 15,294.

The Cabinet nod has been received to setup the country’s first dedicated Export Agro Value Chain Development Industrial Zone in a 64-acre land in Elpitiya.

Keeping health and wellbeing of industry stakeholders as its foremost priority, Sri Lanka Tourism has once again requested for a vaccination programme to be organized for tourism industry frontline personnel.

Prime Lands Residencies Limited PLC’s share, which began trading yesterday on the Colombo Stock Exchange closed Rs.1.50 or 12.42 percent higher than the issue price, amid much investor interest.

The Cabinet of Ministers has approved the long-awaited new Securities and Exchange Commission (SEC) bill to be published in the government gazette and is to be presented to the Parliament for approval.

The Government of Sri Lanka yesterday went all out to lure investors by showcasing a series of unique selling propositions while making a number of pledges, which included the affirmation of attractive and sustainable returns to those who are willing

Investors should not miss out on Sri Lanka’s “awesomeness” although the pandemic is in full play across the world, as significant opportunities exist in many economic sectors in the country that can provide tremendous returns to foreign and loc

The Central Bank yesterday announced a number of measures encouraging the country’s private sector to borrow from offshore sources, as the debt-ridden island nation remains hungry for dollars.

The government plans to commence co-production of China’s Sinovac vaccine in the country from next month, expecting 13 million jabs to be ready by September.

Vehicle registration in the month of April declined to 2,418 units, from 3,556 units in March, largely due to many holidays and semi-lockdown in place towards the end of the month.

The government yesterday hinted that the currently imposed import restrictions would be eased when the country’s merchandise exports reach the level of US $ 20 billion.

The government is gearing to list several state-owned leisure properties through the special purpose vehicle (SPV) Selendiva Leisure on the Colombo Stock Exchange (CSE) by end of this month.

Cargills (Ceylon) PLC says the company will focus more on the convenience store-style outlets going forward and spend more money in expanding its store footprint in that format, which the management thinks would provide more convenience to its custom

The Central Bank will soon cut Sri Lanka’s growth projection for 2021, as expansive restrictions on businesses, livelihoods and many facets of daily lives with no end in sight are having a heavier toll on the economy, resulting in irreversible dama

The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator, has granted its approval for the 2nd re-gasified liquid natural gas-fired combined cycle power plant to be tendered to build in Kerawalapitiya, during the emergen

As Sri Lanka is currently pitching itself to the world as an attractive investment destination, President Gotabaya Rajapaksa today called on investors to explore the country’s medical tourism industry.

Sri Lanka’s unit trust industry, which began to attract funds in large numbers with the fall in market interest rates, continued to add assets during April, which helped the industry to surpass Rs.200 billion in assets under management (AUM).

Appetite of local banks to facilitate the corporate sector with new loan facilities to reprice their existing debt stocks to long-term fixed-rated loans under the current low-interest rate regime is waning amid concerns over interest rate risks and t

A working committee was established on Saturday (5 June) to advice the Ministry of Tourism and Civil Aviation on the countries that should be placed on the red list, so that Sri Lanka has minimal imported COVID-19 cases.

The total outstanding credit card balance increased for the fifth consecutive month in April reflecting the continued momentum in consumer spending through the first three weeks of the month before virus related restrictions returned and kept many pe

Ceylon Motor Traders Association (CMTA) yesterday expressed concerns over a Cabinet proposal to allow assembly of vehicles with used parts.

Demand for life insurance could slow down as constraints on consumer spending and travel restrictions could blunt new business generation capacity for insurers, although their digital platforms could mitigate the impact to a certain degree, said Fitc

Sri Lanka Tourism yesterday stressed there is no need for the general public to panic with regard to the arrival of a French Navy fleet in Colombo as the crew will be travelling to selected sites under the bio security bubble.

Abans PLC recorded a remarkable profit before income tax of Rs.2.5 billion in the completed financial year 2020/2021, which was a 189 percent growth over last year.