Sri Lanka is expecting to raise up to US$ 2.0 billion worth of bilateral loans collectively from the Asian Development Bank (ADB), the World Bank and other multilateral lenders as bridge financing after country secured programme support from the Fund

Cabinet nod has been given to demote Sri Lanka to a lower income status, a step that is taken with the aim of having more access to financial assistance, loans and concessions.

Destination Sri Lanka has made it to the top 20 list of the Readers’ Choice Awards 2022 by Conde Nast Traveler.

The government yesterday launched a fuel pass for tourists, enabling international visitors to procure fuel with minimal hindrance.

The Monetary Board announced today that a decision has been taken to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 14.50 per cent and 15.50 per cent.

The Colombo Stock Exchange (CSE) halted trading today as the S&P SL20 index dropped over 5 percent from the previous close.

A new paper by IMF staff estimates the impact of higher import costs for food and fertilizer for those highly exposed to food insecurity will add US$ 9 billion to balance of payments pressures of crisis hit countries in 2022 and 2023. This will erode

Trading at the Colombo bourse has been halted for the rest of the day.

Sri Lanka celebrated today the international World Tourism Day 2022 by hosting a series of events to highlight the contribution of the industry to the national economy.

Sri Lanka is in the midst of developing a project to improve the handling of hazardous, an effort that is rolled out with support from the United Nations.

The Port of Trincomalee is gearing up to facilitate its first-ever shipment after decades of silence.

Tourism sector stakeholders yesterday brought destination Sri Lanka under the international spotlight by featuring the island nation at the popular IFTM Top Resa trade show in Paris for travel and tourism.

Food security assessment carried out by the Food and Agriculture Organisation (FAO) and the World Food Program (WFP) revealed that approximately 8.7 million people (39.1 percent) are not consuming an adequate diet.

The Sri Lanka Tourism Development Authority (SLTDA) set the record straight on the issuing of tickets for the Colombo Lotus Tower, after a post on social media went viral last evening stating Chinese nationals and politicians will be allowed to enter

Sri Lankan manufactured period panty, the Thinx High Waist has topped the New York Times’ Best Period Underwear list for being “flattering, forgiving, and nearly foolproof”.

Canada this week became the latest country to relax its travel advisory against visiting Sri Lanka.

The International Monetary Fund (IMF) just announced a staff-level agreement with the Sri Lanka authorities for a new 48-month Extended Fund Facility (EFF) with a requested access of about SDR 2.2 billion (equivalent to US$2.9 billion).

President Ranil Wickremesinghe presenting an interim budget today for the remainder of 2022 highlighted the efforts the government will take to firm up the tax administration which in turn will help increase the much-needed tax revenue.

Sweden and Denmark have joined the growing list of countries to ease travel advisory to Sri Lanka, which further imporves the chances of the hard-hit tourism sector witnessing signs of revival earlier than expected.

The government of Turkiye has extended a medical donation amounting to US $ 1 million to Sri Lanka, to help the country tackle the shortage of emergency medicines and medical supplies.

The Colombo Lotus Tower has called for Expression of Interest (EOI) from interested investors to set up ventures.

The Central Bank of Sri Lanka announced today its decision to maintain policy rates at their current levels.

The government of France yesterday relaxed the travel advisory to Sri Lanka, from recommending ‘only essential travel’ to ‘exercise caution’.

The United Nations (UN) in Sri Lanka and government partners today inked the Sustainable Development Cooperation Framework for the island nation for the next five years.

The Central Bank of Sri Lanka (CBSL) today withdrew the mandatory requirement to convert service export receipts/proceeds, that are received in Sri Lanka on or after 12 August 2022.

Sri Lanka will celebrate World Tourism Day (WTD) this year by focusing on ’’Rural and Community Centric Tourism’.

Sri Lanka Tourism kicked off today the Sustainable Destination Development and Management Training for Provincial Officers for the National Sustainable Tourism Certification (NSTC).

International tourism saw a strong rebound in the first five months of 2022, with almost 250 million arrivals recorded, the update from the UNWTO World Tourism Barometer revealed.

The Board of Investment (BOI), the apex organization driving investments into the country, introduced a new strategic initiative under the banner ’Partnership Finder’ to lure investment from existing investors in the country and facilitate busine

Bangladesh became the latest South Asian nation to reach out to the International Monetary Fund (IMF) for assistace as its foreign exchange reserves continue to fall.