Data collected and held by government agencies is a valuable ‘public asset’. Properly utilised, such data can help the private and public sector better contribute to Sri Lanka’s economic growth.

The Central Bank together with the government is pursuing several avenues to prop up its foreign reserve buffers, which had by end-March depleted to US$ 4.1 billion, which is sufficient to cover only three months of imports.

The Monetary Board of the Central Bank yesterday left policy interest rates unchanged at current levels as the economy appears have responded positively to earlier measures taken to provide extraordinary support to individuals and businesses beset by

While all-time low interest rates appear to be galvanising the economic revival after the virus hit, they are also powering another crucial segment in the economy, i.e. the mutual fund industry, as the sector has been adding assets at a faster pace o

Local tour operators represented by the Sri Lanka Association of Inbound Tour Operators (SLAITO) yesterday expressed their displeasure over tourists being pushed to pay US$ 40 for a PCR test, and urged steps should be taken to charge for the tests in

The International Monetary Fund (IMF) in its latest World Economic Outlook report has slashed Sri Lanka’s economic growth rate forecast for this year to 4 percent from 5.3 percent it forecasted in October, 2020.

The Colombo Port City Economic Commission Bill, which will declare Colombo Port City (CPC) as a Special Economic Zone (SEZ), and under which a high-powered Commission will be appointed to administer it, was presented to Parliament yesterday.

The United States-based global architecture, planning and design firm, CallisonRTKL has been appointed to re-calibrate the original conceptual design of US$1 billion Colombo International Finance Centre (CIFC) mixed-use development project at Colombo

The Central Bank yesterday said it has commenced the payment of increased compensation amount of Rs. 500,000 under the Sri Lanka Deposit Insurance and Liquidity Support Scheme (SLDILSS),

Real wage growth or the wages accounted for inflation in the country has remained in the negative for private sector employees for over one and half years before the informal private sector wages turned positive in January this year. But the formal p

Google Indoor Maps was launched at Colombo’s Bandaranaike International Airport (BIA) today, becoming the first indoor facility to enable this feature in Sri Lanka.

The Colombo Port City Economic Commission Bill, which will declare Colombo Port City (CPC) as a Special Economic Zone (SEZ), and under which a five-member Commission with sweeping powers will be appointed to administer it, was presented to Parliament

Public Utilities Commission of Sri Lanka (PUCSL) has announced that interest will be paid to electricity consumers on their deposits made when applying for connections.

The International Monetary Fund (IMF) has slashed Sri Lanka’s economic growth rate forecast for this year 4 percent from 5.3 percent it forecasted in October, 2020.

The Sri Lanka rupee slumped further to a new low today against the US dollar with the selling rate plunging to Rs. 203.50 per dollar. The previous lowest was Rs. 202.88, which was recorded yesterday, April 7.

Across the globe, the magnitude of the COVID-19 pandemic has sparked a new urgency around healthcare systems and universal health coverage – the access to high-quality and affordable healthcare services for all, as and when needed.

In Geneva, a tough resolution on promoting reconciliation, accountability, and human rights in Sri Lanka was passed with 22 votes out of 47 countries supporting the resolution.

The government expects the legislation of the Colombo Port City Economic Commission Bill to be completed before end of this month, which will declare Colombo Port City (CPC) as a Special Economic Zone (SEZ), while granting sweeping powers to the prop

High-speed Internet for rural areas must be prioritised to ensure the establishment and advancement of industries across the country, President Gotabaya Rajapaksa stressed, yesterday.

With the Colombo Port City Commission Bill reaching the final stages of the legislation process, the project company of Colombo Port City (CPC) eyes to release 20 land plots located adjacent to Colombo Business District (CBD) as pilot development pro

Sri Lanka yesterday saw the launch of its own localised food tracker ‘Bath Curry Indicator’ (BCI), a spin on the popular ‘Big Mac Index’ conceptualised by The Economist in 1986.

The fifth Big Bad Wolf book sale and its second virtual return to Sri Lanka is scheduled to go live from May 5 to 12, the organisers said in a media statement.

Sri Lankan shares ended higher yesterday, helped by gains in the financial and consumer staples sectors.

Aitken Spence PLC yesterday said it acquired 100 percent of shares of Waltrim Energy Limited, a sub-subsidiary of Sunshine Holdings PLC, for a total consideration of Rs.900 million.

While affirming Hemas Holdings PLC’s National Long-Term rating at ‘AAA(lka)’, with a Stable Outlook, Fitch Ratings yesterday said the company’s recent exit from the leisure sector further reduced its business risk.

The Monetary Board of the Central Bank, which met yesterday for the third time of the year to determine the rate path after assessing the efficacy of its previous policy measures, was largely expected to have decided to stay pat, as the economy is pr

Following the enactment of Colombo Port City Economic Commission Bill, which is expected before end of this month, the government expects to advertise internationally to select members for the high-powered seven-member Economic Commission, a top gove

The Sri Lanka rupee slumped further to a new low today against the US dollar with the selling rate plunging to Rs.202.88 per dollar. The previous lowest was Rs.202.70, which was recorded yesterday, April 6.

Sri Lanka today saw the launch of its own localised food tracker ‘Bath Curry Indicator’ (BCI), a spin on the popular ‘Big Mac Index’ conceptualised by The Economist in 1986.

High-speed internet for rural areas must be prioritized to ensure the establishment and advancement of industries across the country, President Gotabaya Rajapaksa said a short while ago