While Sri Lanka has made considerable progress in thwarting money laundering and terrorist financing over the past two years, more needs to be done to improve the situation, Finance and Mass Media Minister Mangala Samaraweera said yesterday.

Hayleys Advantis has further solidified its position in the Maldives with the addition of two new landing craft that will further expand the range of services offered by their subsidiary, Total Transport Solutions Maldives (Pvt) Limited (TTS). 

Aadhayam 2017, a national trade fair organized by the United Nations Development Programme (UNDP) Sri Lanka opended at the Bandaranaike Memorial International Conference Hall (Colombo) yesterday. 

A man polishes a traditional brass lamp at a workshop in Colombo. Such items are now very much in demand due to the increasing number of tourists visiting Sri Lanka  (Reuters photo)

Central Bank Governor Indrajit Coomaraswamy presents Finance Minister Mangala Samaraweera the commemorative coin

Finance and Mass Media Minister Mangala Samaraweera during a discussion with representatives of trade unions of the Inland Revenue Department (IRD) stated that the main objective of the new Inland Revenue Bill was to simplify the tax system in the co

The tourist arrivals to the Maldives edged up 0.3 percent year-on-year (YoY) to 93,491 visitors in May with weak arrivals from China and Europe but somewhat being compensated by the increased arrivals from South and Southeast Asia. 

The Volkswagen Beetle Owners’ Club along with Mount Lavinia Hotel held ‘The Volkswagen Beetle Parade and Exhibition’ in Colombo yesterday.

Participants of the G20 Summit in Hamburg, Northern Germany posing for a family photo yesterday. 

The Asian Development Bank (ADB) will be doubling its multi sectoral assistance to Sri Lanka up to US$ 1 billion from this year as a result of the merger of its two main windows of financing. 

Japanese conglomerate, Mitsui & Co., Ltd is poised to relaunch its activities in Sri Lanka by opening up an office at the World Trade Centre in Colombo.

A special meeting was held between Prince Alwaleed Bin Talal Abdulaziz Al Saud of Saudi Arabia and Foreign Minister Ravi Karunanayake yesterday afternoon. 

A protest organised by the Inland Revenue Trade Join Front was held yesterday in front of the department premises against the new Inland Revenue Bill. 

The government will fast-track the delayed development work on the East Container Terminal (ECT) of the Colombo port, Ports and Shipping Minister Mahinda Samarasinghe told an audience of logistics and transport professionals in Colombo, last Friday.&

Hotel Show Colombo 2017, one of the leading specialized trade shows for the hotel, restaurant and food service sectors was inaugurated by Minister of Tourism Development and Christian Religious  Affairs, 

The World Bank is expecting Sri Lanka’s budget deficit to run up to 5.2 percent of the Gross Domestic Product (GDP) this year compared to the more ambitious 4.7 percent of GDP projection of the government, although the development lender placed

The prolonged drought and recent floods appear to have taken a toll on the country’s economy as the Central Bank last week said it would cut the growth of the economy at least by a half a percentage for 2017. 

Despite export earnings making a brisk upturn in April, extending the gains in March, Sri Lanka’s trade deficit remains at worrying levels as the country’s imports bill continues to rise. 

Two Muslim men take a selfie after Eid al-Fitr prayers to mark the end of the holy fasting month of Ramadan in Colombo, yesterday (Reuters)

INCO, the largest engineering related industrial exhibition and trade fair that offers a platform for small and medium (SME) sector industrialists, manufactures, engineering companies, exporters, importers, 

Sri Lanka’s Central Bank Governor Dr. Indrajit Coomaraswamy is advocating a more measured approach to financial technology (fintech) in the country, despite the significant industry opportunities highlighted by an official from the Singaporean

REUTERS: Sri Lanka’s Central Bank is expected to keep its key interest rates steady at more than three-year highs at a policy meeting tomorrow a Reuters poll showed, to boost faltering growth hit by adverse weather. 

Sri Lanka has the lowest prevalence of teen smoking (1.7 percent) in the world, a recent study by the US Centers for Disease Colombo and Prevention (CDC), revealed. The highest prevalence (35 percent) was in Timor-Leste.

Unrealistic and outdated statistics used in the Ceylon Electricity Board (CEB) Least Cost Long-Term Generation Expansion Plan 2018-2037 (LCLTGEP) are discouraging the more environmentally friendly liquid natural gas (LNG)-based electricity generation

The Sri Lanka Land Reclamation and Development Corporation (SLLRDC), under the Ministry of Megapolis and Western Development, has called for tenders for the first leg of the proposed ferry transport system in Colombo. 

The highly sought after higher education and career exhibition by the Sri Lankan student community, ‘Future Minds 2017’ opened at the BMICH yesterday.

The foundation laying ceremony of pharmaceutical manufacturer JL Morison Son & Jones (Ceylon) PLC’s US $ 13.5 million research and manufacturing facility located within the Sri Lanka Institute of Nano Technology (SLINTEC) in Homagama took p

Sri Lanka’s luxury apartment segment, which has been drawing negative sentiments from the state and private sectors alike, is not built on shaky fundamentals and there are avenues to mitigate the potential risks, according to the Fortune 500 co

Unrestrained safari jeeps continue to play mayhem in the Yala National Park with authorities failing to take any action against the errant drivers.

Princess Cruises’ most luxurious ship, The Majestic Princess, called at the Colombo port yesterday on her 49-day maiden voyage from Rome, Italy to Shanghai, China.