The Sri Lanka Shippers’ Council strongly criticised successive governments for their inconsistent....

Sri Lanka’s Palm Oil Industry Association (POIA) yesterday urged the government to make evidence-based decisions regarding the ongoing delay in lifting the ban on palm oil and allow the small-scale cultivations in specified areas.

Sri Lanka’s workforce challenges took centre stage yesterday as local and international experts gathered to find solutions to the island nation’s growing talent drain.

As Sri Lanka awaits the removal from ‘restrictive default’, a status discouraging the potential investors, experts are optimistic about the nation’s ability to move beyond this ranking.

Businesses were yesterday urged to pass on the benefits from the recent electricity tariff reduction to consumers, who are grappling with the country’s high cost of living.

Sri Lanka’s commercial sector can breathe a sigh of relief as the Public Utilities Commission of Sri Lanka (PUCSL) approved the awaited reduction in electricity tariffs.

The stock market’s performance has been lackluster in recent weeks. However, the upcoming corporate...

As Sri Lanka strives towards economic recovery by reducing its reliance on imports, President Ranil Wickremesinghe called for seizing new export market opportunities, particularly in the cinnamon sector.

Hambantota International Port (HIP) reported a strong performance in the first half of the year (1H24) with significant growth in LPG operations and bunker volumes, highlighting its expanding capabilities.

Sri Lanka’s tourism industry has expressed serious concerns over the government’s decision to outsource visa issuance, making entry slightly more expensive.

Sri Lanka’s construction industry, crippled by poor policies and crisis events, is bouncing back with renewed vigor, industry leaders said, as they see a surge in interest surpassing even the boom times of economic growth.

Sri Lanka’s tourism industry requires a major shift towards long-term thinking and a collective approach to protect and promote the country’s natural resources, a prominent marine scientist said.

With the completion of three key steps in its debt restructuring— the finalisation of Domestic Debt Optimisation....

The International Monetary Fund (IMF) said it is awaiting further information regarding Sri Lanka’s recent negotiations on the International Sovereign Bonds (ISBs), to ensure compliance with the debt sustainability objectives under its programme fo

Sri Lanka’s private sector delivered a scathing critique yesterday, slamming authorities for their sluggish response in shielding industries from disruptions caused by key institutions such as Sri Lanka Customs.

Sri Lanka has successfully concluded its discussions with the bondholders, reaching an agreement on the restructuring terms yesterday. This follows an unsuccessful first round of talks in April.

Sri Lanka’s State-Owned Enterprises (SOEs) that come under harsh criticism for their financial inefficiencies have reported “robust performance” in the first four months of 2024, according to the Ministry of Finance.

Amid the intensified government efforts to capitalise on trade liberalisation through new preferential agreements, international trade experts stress the need for structural changes in Sri Lanka’s production sector before pursuing new pacts.

Sri Lanka’s trade deficit narrowed in May as the merchandise exports remained resilient from a year ago levels...

Inflation in the Colombo district accelerated in June as widely expected, mainly due to the higher food prices, but the prices still remain largely below Central Bank’s medium term target of 5 percent.

The Sri Lanka Banks’ Association (SLBA) strongly refuted recent criticisms from two senior lawmakers, labelling the comments as “misconceived, inaccurate, misleading, and unhelpful.”

Sri Lanka yesterday marked a significant milestone in its economic recovery journey as it brought to close more than yearlong talks with the bilateral lenders.

Sri Lanka’s apparel industry is experiencing a downturn, with the export performance in the recent months not being at the expected levels.

As Sri Lanka is set to ink debt deals with the Paris Club creditors, bringing to close more than a year-long negotiations wi

President Ranil Wickremesinghe and IFS Global CEO Mark Moffat engaged in a discussion at the DigiEcon conference yesterday.

The government has not decided to grant permission to the state officials or any other individuals to import vehicles tax-free or allocate foreign exchange for them, Cabinet spokesman and Minister Bandula Gunawardana said.

Diversified conglomerate Brown and Company PLC yesterday announced the selling of its subsidiary Browns Fabric Limited.In a filing to the Colombo Stock Exchange, Brown and Company shared the entity was sold to Ceylon Knit Trend (Pri

As Sri Lanka is looking towards a digital economy to accelerate growth, President Ranil Wickremesinghe stressed the need to establish the necessary infrastructure for high-tech cities.

The National Consumer Price Index decelerated sharply to 1.6 percent in May, from 2.7 percent in April, as the food prices eased while the non-food prices remained nearly unchanged, measured from a year ago.

Tourism Minister Harin Fernando reiterated the need for Sri Lanka to relax the visa requirements for international....