Sri Lanka has welcomed a total of 1,682 tourists for the month of January recording a 99.3 percent decrease in arrivals compared to the corresponding month in 2020.

The Central Bank has asked licensed banks to sell 10 percent of the worker remittance income that they collect, back to the Central Bank on a daily basis when such remittance income reaches US$ 10 million threshold.

As Sri Lanka celebrated its 73rd Independence Day, some people in Colombo enjoyed the mid-week holiday at Galle Face after spending much of their time indoors for the last few months due to COVID-19. The picture shows kite vendors, who couldn’t d

The container throughput at Port of Colombo declined by 4.7 percent year-on-year (YoY) to 6.85 million TEUs in 2020 due to pandemic-related effects, Sri Lanka’s Port Authority (SLPA) data showed.

Coconut exports, mainly led by fiber and kernel-based products are on a tear as markets around the world are demanding Sri Lanka-grown coconut-based products due to their higher quality while local manufacturers have stepped up their efforts to meet

Sri Lanka’s wages measured by wage rate indices for the public sector as well as the informal private sector have continued their climb unabated while the inflation decelerated, leaving real wages positive.

Sampath Bank PLC this week announced plans to issue BASEL III-compliant bonds to raise capital in order to stay above the minimum capital adequacy levels stipulated by the BASEL III regulations and also in view of the envisaged growth in loans as the

Stock market operator, the Colombo Stock Exchange (CSE) in a letter on Wednesday clarified that the request for weekly reports on specific stocks from brokering firms was a mere routine exercise and by no means was intended towards disrupting the mar

Myanmar police have filed charges against ousted leader Aung San Suu Kyi for illegally importing communications equipment and she will be detained until Feb. 15 for investigations, according to a police document.

Iran will not accept any changes to the nuclear accord signed in Vienna in 2015, President Hassan Rouhani said on Wednesday.

For the 10th consecutive year, MTI Consulting (via their Corporate Finance practice), in partnership with Daily FT, Daily Mirror and Sunday Times, has concluded the MTI CEO Business Outlook Study, collectively outlining the Sri Lankan business commun

In what could be the gloomiest forecast issued by an independent research body so far, First Capital Research (FCR) this week said the sharp depreciation of the rupee against the US dollar, followed by a spike in interest rates — beginning from as

Labour Minister Nimal Siripala de Silva has directed the Sri Lanka Bureau of Foreign Employment (SLBFE) to set up nine provincial quarantine centres, with the assistance of the COVID-19 Task Force, to expedite the repatriation of some 30,000 Sri Lank

ransport Association (IATA) yesterday announced the full-year global passenger traffic results for 2020, showing that the demand (revenue passenger kilometres or RPKs) fell by 65.9 percent compared to the full year of 2019, by far the sharpest traffi

The listed, rated, unsecured, senior, redeemable debenture issue of First Capital Holdings PLC, with a tenure of five years, was successfully oversubscribed on the opening day, February 1, 2021.

The Cabinet of Ministers this week gave its nod to amend the Industrial Disputes Act, to expedite the procedure of disciplinary inquiries or interdictions against the private sector employees.

The government has decided to withdraw an order issued by a gazette on February 2, under the Imports and Exports (Control) Act, which allowed the importation of ceramic tiles, certain bath ware and toilet articles on 180-day credit.

Adding to a growing portfolio of prestigious projects across the island, Schindler was recently awarded the contract to supply six high-speed elevators to Amari Colombo Hotel, currently under construction in the Kollupitiya commercial district of the

While no one is immune to contracting COVID-19, the World Health Organisation (WHO) has identified specific groups that are at higher risks of becoming seriously ill. One such group is those suffering from non-communicable diseases (NCDs), including

As the 46th session of the UN Human Rights Council (HRC) looms large in about a month’s time, the debate on its controversial Resolution 30/1 of 2015, which the ‘Yahapalana’ government co-owned in an unprecedented and unwise move, has resumed w

The Colombo Stock Exchange (CSE), which was on a extraordinary bull run, largely due to prevailing historically low interest rates in the country, tanked yesterday, with investor sentiment going south amid possible indications that the market regulat

Sanasa Development Bank PLC (SDB bank) yesterday said they have received a US$ 40 million commitment from U.S. International Development Finance Corporation (DFC), subject to regulatory approval.

The Cabinet of Ministers has endorsed a move by the State-run Ceylon Petroleum Corporation (CPC) to re-enter the bunkering business to supply bunker fuel to ships at competitive prices.

The Cabinet of Ministers this week approved a proposal to operate the East Container Terminal (ECT) of the Colombo Port as a wholly owned container terminal of State-run Sri Lanka Ports Authority (SLPA), shifting away from an earlier position to oper

The Cabinet of Ministers this week approved a resolution to move forward with necessary measures to conduct the Annual Summit of the Asian Development Bank (ADB) in May next year in Colombo.

In an effort to promote commercial production of maize, the Cabinet of Ministers has granted approval to lease 2,750 acres of underutilised lands identified in the Rambakenoya zone coming under Sri Lanka Mahaweli Authority to recognised local investo

The Cabinet of Ministers has approved a proposal to select an investor to manufacture 100 railway passenger coaches locally to meet the existing demand.

The borrowings by the government from the Central Bank as well as the licensed commercial banks rose again in December, after some slowdown seen in November, following the settling of a US $ 1 billion sovereign bond in October.

The Organisation of Professional Associations of Sri Lanka (OPA), the apex body of 52 professional associations in the country, covering 32 diverse professions, has requested President Gotabaya Rajapaksa in a letter to utilise local expertise and fun

Dr. Indrajit Coomaraswamy has been appointed as an Independent Non-Executive Director on the board of Dialog Axiata PLC, with effect from February 1, 2021.