Sri Lanka’s hospitality sector yesterday said the electricity tariff hike announced this week would further hurt the tourism industry, as it is not in a position to bear any further pain with the current meagre revenue.

Following the suspension of financing of road development projects by foreign development agencies and current fiscal constraints, the government is struggling to settle the arrears of about Rs.100 billion owed to contractors and their sub-contractor

The Cabinet nod has been granted to amend Shop and Office Employees (Regulation of Employment and Remuneration) Act No.19 of 1954, to remove the archaic restrictive legal provisions on night work for women.

The Public Utilities Commission of Sri Lanka yesterday announced its decision to allow the Ceylon Electricity Board (CEB) to revise upwards....

As the three-wheeler passengers face unfair and exorbitant fares, the government is looking to expedite plans to regulate the three-wheeler....

Targeting employment opportunities in Japan, Sri Lanka will begin to teach Japanese and English languages at the school level, under the technical subject stream.

The Cabinet of Ministers has approved a proposal to revise the water and sewage charges to reflect the operational costs of the National....

Dialog Axiata PLC, Sri Lanka’s market leader in mobile telephony services, saw its June quarter (2Q22) and first half (1H22) profitability....

The Public Utilities Commission of Sri Lanka yesterday announced its decision to allow the Ceylon Electricity Board (CEB) to revise upwards the overall electricity tariff by an average 75 percent, which would come to effect from today.

Sri Lanka could stoke another crisis if the authorities chose to restructure the rupee-denominated domestic debt, as it could have severe implications on the country’s banking sector, thereby endangering the entire financial system, a top asset man

Despite possible widespread economic consequences including threats to the stability of the financial sector,

Strengthening trade relations with the world is essential for countries to fulfil their economic aspirations, however, efforts will have to be made by individual countries to strengthen ties as within the South Asian region and trade integration will

The Finance Ministry has lifted the import ban on the popular weedicide glyphosate with effect from August 5 while allowing glyphosate imports into the country subject to import control license....

Despite possible widespread economic consequences including threats to the stability of the financial sector, President Ranil Wickremesinghe fears that the government may have to consider potential....

Sri Lanka’s self-developed poultry and dairy industries are on the verge of collapse amid rising input costs and shortages of animal and veterinary medicines along with the fuel shortage....

The Tourism Ministry announced the appointment of a 22-member committee to provide expert advice in helping the crisis-struck industry to move towards a path of revival. The newly.....

Diversified conglomerate Sunshine Holdings PLC continued to demonstrate resilience amidst prevailing macro-economic conditions, reporting an impressive topline and bottom line growth for the quarter....

The Institute of Certified Management Accountants of Sri Lanka (CMA) stated that the accounting professional can aid in costing the products and services in the electricity industry so that the country’s energy....

Sinopec, the biggest petrochemical company in China, is likely to enter Sri Lankan market for fuel importing, distribution and selling petroleum products, informed sources said. Cabinet of Ministers....

Sri Lanka as a nation must step up efforts in establishing a social market economy, so that going forward the people can move forward with the assurance of sustainable growth and development, President Ranil Wickremesinghe said.

The leading economists of the Verite Research Sri Lanka Economic Policy Group (SLEPG) called on the relevant authorities to steer away from using Samurdhi as a determinant of eligibility for welfare benefits and instead, consider electricity consumpt

The Sri Lanka Tea Board (SLTB) along with industry stakeholders seeks a well-coordinated and synergised mechanism from the government....

As a part of the incentive package to boost worker remittance inflows, the government has decided to introduce a special duty-free.....

The Cabinet nod has been granted to seek services of two foreign firms to identify Sri Lanka’s International Sovereign Bond (ISB) holders.....

The Cabinet of Ministers has decided to appoint a committee to propose reforms to restructure the country’s power and energy sectors.....

Commercial Bank Ceylon PLC yesterday announced the voluntary liquidation of Commex Sri Lanka S.R.L, a wholly owned subsidiary.....

Joint Apparel Association Forum, the apex body of Sri Lanka’s apparel manufacturing and exporting industry yesterday said.....

President’s Counsel Ronald Chithranjan Perera is appointed as the Chairman of state-owned Sri Lanka Insurance Corporation with effect.....

The Finance Ministry is set to extend the amnesty period granted to sell or deposit excess foreign currency possessions of Sri Lankan....

Tourist arrivals to Sri Lanka edged up to 47, 293 in July compared to 32, 856 arrivals in June, though down from the peak of 106, 500 arrivals.....