The Asian Development Bank (ADB) said forecasts for the region, finalized before the United States (US) announced new tariffs on 2 April, project growth in developing Asia and the Pacific to moderate this year and next.

Siyapatha Finance PLC, a leading non-banking financial institution, announced today a move to raise up to Rs. 5 billion through the issuance of listed, rated debentures.

The Colombo Stock Exchange (CSE) staged a dramatic rebound on Thursday, with the All-Share Price Index (ASPI) soaring 467.26 points, or 3.19 percent, to close at 15,127.71, decisively breaching the critical 15,000 psychological barrier.

Popular social media platform, TikTok announced major updates to its Family Pairing tool on Sunday, granting parents enhanced oversight and teens tools to foster healthier digital habits.

The Chamber of Marine Industry in Sri Lanka (CMISL) and India’s Royal Madras Yacht Club (RMYC) network, comprising four centers across Chennai, Ennore, Mysuru, and Puducherry, have inked a Memorandum of Understanding (MOU) to extend reciprocal priv

The All Share Price Index (ASPI) tumbled over 700 points today, crashing below the 15,000 mark as global economic tensions spilled over into the Colombo Stock Exchange (CSE).

The Colombo Stock Exchange (CSE) has further extended its footprint with the official opening of its newest branch in Bandarawela, reinforcing its commitment to enhancing accessibility for investors across Sri Lanka.

Sri Lanka’s rich handloom heritage took center stage at the ‘Ransalu’ National Handloom and Textile Industry Sales Fair.

The Colombo Stock Exchange (CSE) extended its losses as uncertainty over global tariff negotiations continued to weigh on investor sentiment. The latest U.S. tariff impositions have triggered widespread economic turbulence, further dampening the Sri

LankaPay is poised to significantly enhance Sri Lanka’s appeal to Chinese tourists by launching WeChat Pay integration within two weeks. This initiative will enable over 400,000 LANKAQR merchants nationwide to accept mobile payments directly from C

On 2 April, US President Donald Trump imposed a 44 percent tariff on Sri Lankan exports to the United States. With apparel comprising 64 percent of these exports—valued at nearly USD 1.8 billion in 2023—Sri Lanka’s apparel industry is likely to

The sudden imposition of steep U.S. tariffs—rising from 12 percentage to 44 percentage—has rattled investor confidence, sending markets into a tailspin. With further details on the revised tax structure still pending, export-driven firms are brac

Hatton National Bank (HNB) of Sri Lanka has withdrawn its non-binding offer to acquire Bank Alfalah’s operations in Bangladesh.

John Keells Holdings PLC (JKH) has divested its entire 37.62 percent equity stake in Tea Smallholder Factories PLC for a total of Rs.395 million. Udapusslaewa Plantations, a unit of LOLC has acquired 37.59 percent stake for total of Rs. 394.68 millio

Sri Lanka has been slapped with 44 percent reciprocal tariff by the US, which would impact the local export sector, particularly apparel.

The Colombo bourse extended its rally for a second consecutive session, closing above the 16,000 mark amid strong trading activity. The All Share Price Index (ASPI) gained 73.04 points to settle at 16,007.44, bringing its cumulative monthly increase

The Colombo Stock Exchange (CSE) opened April on a strong footing, with the All-Share Price Index (ASPI) gaining momentum to close with bullish sentiment. Trading activity was marked by significant volatility, as dividend counters dragged the market

The price of 12.5kg domestic Laugfs Gas cylinders has been increased by Rs.420 with effect from today.

BYD, a global leader in New Energy Vehicles (NEVs), has commenced its first customer vehicle deliveries in Sri Lanka following the lifting of import restrictions.

A total of 6.8 million Taxpayer Identification Numbers (TINs) have been issued so far for the citizens in the country, making it easier for them to obtain government services, Inland Revenue Commissioners Association President and Senior Commissioner

A trend must be created in the country to motivate people to pay their taxes, Deputy Minister of Labour and Economic Development A. Anil Jayanta Fernando said.

Softlogic Life Insurance PLC has agreed to buy all shares of Allianz Life Insurance Lanka Limited from Allianz SE, taking full ownership of the company.

While recording a 16.3% rise, foreign remittances sent through the banking system by Sri Lankan workers saw a significant increase by the end of February this year, the Sri Lanka Bureau of Foreign Employment (SLFEB) said.

The Monetary Policy Board decided to keep the Overnight Policy Rate (OPR) at 8.00 peecent at its meeting held yesterday.

The Inland Revenue Department (IRD) says the new proposed new risk-based refund system replacing current SVAT system is on track to go live from October onwards despite reservations from exporters.

The Royal Madras Yacht Club, together with IndSri Ferry Services Lanka Pvt Ltd, is set to launch the first international sailing expedition from Chennai to Sri Lanka, lasting seven days.

Sri Lanka and Australia are set to take stock of their economic partnership and maritime cooperation as they convene the 05th Round of Senior Officials Talks and the 03rd Strategic Maritime Dialogue in Canberra from March 25-26, 2025.

The Women’s Chamber of Industry and Commerce (WCIC), has issued a strong condemnation of the recent sexual assault on a female doctor at Anuradhapura Teaching Hospital.

The International Monetary Fund (IMF) announced its Executive Board has ​completed the third review under the 48-month Extended Fund Facility (EFF) Arrangement, allowing the authorities to draw SDR 254 million (about US$334 million).

There will be no price revision for LAUGFS Gas domestic cylinder refills in March, LAUGFS Gas Director and Cluster CEO Dr. Niroshan J. Pieries said.