Fashion designers are struggling to keep up with the fast-changing trends in the country, as challenges in sourcing raw materials has led to a slowdown in reacting to the market demand.

The automated teller machine (ATM) network of Commercial Bank of Ceylon dispensed a record Rs.8.818 billion on 9th and 10th April 2021, shattering the previous records for the highest and second highest cash disbursements for a 24-hour period, as Sri

The Planters’ Association of Ceylon (PA) today called on government and Public health officials to ensure that estate sector workers made a top priority in the COVID-19 vaccination drive, given their essential contributions to the national economy.

The ongoing hike in global freight rates is expected to remain in the short-term, although a tapering is expected to in the long term as supply chain disruption clears out, Fitch Ratings said.

The Sri Lankan Rupee today depreciated to Rs. 195.25 against the US dollar from yesterday’s recovery of Rs. 191.97.

Home-grown blockchain service start-up, Niftron, has been successful in raising Rs. 10 million in the latest round of funding from The Angel Fund of the Lankan Angel Network (LAN), Sri Lanka’s largest network of angel investors.

In an effort to recommence tourist arrivals from India under the bio-bubble concept, Sri Lanka has recently welcomed a delegation from the neighbouring giant for a familiarisation tour of the island nation.

The Sri Lankan Rupee further appreciated today with the selling rate of a US dollar recovering to Rs.191.97 from Friday’s (16) Rs. 201.28.

On the instructions of President and the Prime Minister, State Minister of Finance Ajith Nivard Cabraal visited today the Asgiriya Chapter, the Malwathu Chapter and the Chief Prelates of the Amarapura and Ramanna Maha Nikayas and briefed them on the

The Sri Lankan Rupee witnessed a recovery today by easing to Rs. 201.28 against the US dollar.

Maldives will soon offer visitors vaccinations on arrival as part of its three-pronged initiative aimed at reviving the country’s hard hit travel sector, according to its tourism minister.

The Sri Lankan rupee dipped further today against the US dollar, as the selling rate of a dollar was recorded at Rs.204.62.

Sri Lanka and India have taken a progressive step to integrate expertise in the area of science and technology with scientists from both the nations gearing up to undertake joint research.

The Monetary Board of the Central Bank has suspended the business of Swarnamahal Financial Services PLC (SFSP) with effect from 5.00 p.m. yesterday (April 12) due to the company’s deteriorating financial condition and non-availability of a viable r

The Sri Lankan rupee hit a new record low today against the US dollar, as the selling rate of a dollar was recorded at Rs.203.73.

From 01 May 2021, Singapore Airlines will increase its flight frequency to Sri Lanka from 3 times to 5 times weekly, operating the Airbus 350-900MH aircraft.

While Sri Lanka frequently engages with the International Monetary Fund (IMF) for technical assistance, and the two parties are also planning for the upcoming Article IV consultations towards the end of this year, the Central Bank reiterated that no

The Sri Lanka rupee dipped further to a new low today against the US dollar with the selling rate plunging to Rs.203.59 per dollar.

The Central Bank of Sri Lanka (CBSL) today issued a fresh warning to those interested in investing in virtual currencies (VCs) stressing that currently there are no regulatory safeguards relating to the usage, investment or dealing in VCs in Sri Lank

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.

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

Malaysia, one of the two key sources from where Sri Lanka imports palm oil, appears to have been visibly irked by President Gotabaya Rajapaksa’s move to ban palm oil imports.