The Colombo Business Association (CBA) representing small and medium-sized enterprises (SMEs) in the country warned that the delayed decision making by the government to support the crisis-hit SME sector in the aftermath of Easter Sunday bombings wou

The demand for poultry products has plunged as much as by 50 percent in the aftermath of the Easter bombings, which left the country’s HoReCa (hotels, restaurants and café) industry reeling amid fewer tourists and a drop in domestic consumption.

Colombo yesterday saw a group of private sector business leaders and representatives led by business chambers in the country coming on to one platform to affirm their pledge towards a united Sri Lanka.

Huawei yesterday assured the Sri Lankan customers of continued support for the existing Huawei smartphones in the market, amid the US Internet giant Google, whose Android mobile operating system powers the Huawei smartphones, announced plans to sever

The state-run private sector pension fund, the Employees’ Provident Fund (EPF), marked its re-entry into the Colombo Stock Exchange (CSE) last week, with the purchase of 55 million shares of Dialog Axiata PLC for a consideration of Rs.495 million,

The Sri Lanka Chamber of Pharmaceutical Industry has welcomed the move by the government, in consultation with the National Medicines Regulatory Authority (NMRA), to gazette a 14.4 percent increase in the Maximum Retail Price (MRP) of 60 price-contro

Sri Lankans are preparing to celebrate Vesak festival which falls over the weekend. Even amid security concerns, people are seen purchasing Vesak decorations from stalls set up at roadsides in Colombo. This year Vesak festival in Sri Lanka is being c

The recent mob attacks carried out targeting Muslims in several parts of Sri Lanka, in the aftermath of Easter Sunday attacks, could further hinder tourist arrivals to the island nation, dashing the industry’s hopes for a faster recovery.

The Executive Board of the International Monetary Fund (IMF) has approved US$ 164.1 million disbursement for Sri Lanka, completing the fifth review of the Extended Fund Facility (EFF) arrangement the island nation has wit

The essential food and commodities’ importers have written to the government requesting immediate assistance, as the current security situation in the country in the aftermath of the Easter Su

Sri Lanka’s economic growth is expected to slump to a near two-decade low this year, a Reuters poll showed, as tourism, foreign investment and overall business activity eased sharply in the wake of the devastating Easter

A strong and unified leadership remains paramount for Sri Lanka in the aftermath of the Easter Sunday bombings to address the security concerns of investors and to revive the island nation’s economy, according to former US Ambassador to Sri Lanka R

Finance Ministry yesterday announced the much anticipated financial relief package to the country’s troubled tourism industry, which included a one-year moratorium on loans, subsidized credit and 10 percent reduc

The Kingsbury, one of the five-star hotels in Colombo that was attacked on Easter Sunday, has installed baggage and personnel scanners at its premises to ensure the safety of the hotel’s patrons. The hotel is also protected by the state security.

A  Sri  Lankan Catholic prays on the road in front of St. Anthony’s Shrine, where an explosion took place during mass on Easter Sunday, in Colombo. Masses in the churches of Archdiocese of Colombo were not held yesterday due to security concerns

Sri Lankan Special Task Force (STF) soldiers patrol along a road in Colombo yesterday, after a series of bomb blasts targeting luxury hotels near Colombo’s main business district and churches on Easter Sunday. Islamist extremists in Sri Lanka are b

Sri Lanka’s Tourism chief Kishu Gomes urges the government to appoint a single national-level committee consisting of responsible officials and experts to expedite the revival of the tourism industry. He said t

Laugfs Terminals Ltd officially inaugurated the operations of its state-of-the-art LPG transhipment terminal at the Hambantota International Port, the largest of its kind in South Asia, with the first of its LPG cargo brought in by the Sri Lankan-fla

(Colombo) REUTERS: The U.S. Ambassador to Sri Lanka said yesterday that some of the Islamist militants involved in the Easter Sunday bombings on the island were likely to be still at large and could be planning fresh attacks.

President Maithripala Sirisena assured immediate financial relief to Sri Lanka’s hotel sector amid booking cancellations and slowdown in forward bookings in the aftermath of the Easter Sunday bom

Ceylinco General Insurance in collaboration with Chubb Insurance of USA have paid an advance of US $ 1 million to Shangri-La Hotel Colombo to commence repairs on April 25, just four days after the devastating bomb on Easter Sunday.

The Easter Sunday bombings could cost Sri Lanka’s tourism industry up to US$1.5 billion in foreign exchange losses with 30 percent fall in tourist arrivals this year, according to Finance Ministry estimates.

The Central Bank (CB) has urged the government to expedite the reform agenda to avoid the middle-income trap amid stagnating economic growth, which has led to a marginal decline in per capita income to US $ 4, 102

Finance Minister Mangala Samaraweera says that the impact on the tourism industry from the Easter Sunday bombing would be inevitable while a dent in foreign direct investment (FDI) and portfolio investment are also anticipated in the short term.

REUTERS: The Sri Lankan stock index dived 3.63 percent yesterday, its worst plunge in more than seven years, due to retail panic selling in its first trading day after Easter Sunday attacks killed mo

Sri Lanka’s trade deficit significantly narrowed in February, largely owing to the slowdown in imports due to the measures taken by the Central Bank and government and increase in exports, the data released by the Central Bank showed, yesterday.

Sri Lanka yesterday beefed up security in tourist hotels in Colombo and major cities, following the series of explosions carried out targeting hotels and churches in the country on Easter Sunday, which is ex

Finance Minister Mangala Samaraweera shared Sri Lanka’s experience in inclusive growth, at the Ministerial Financial Dialogue at the UN Economic and Social Council (ECOSOC) Financing for Development (FfD) Forum, in New York.

The International Monetary Fund (IMF) this week gave thumbs up to Sri Lanka’s 2019 budget, which was passed by Parliament last week, saying it strikes a fine balance between revenue-base