The Hayleys group has begun offering comprehensive automotive logistics solutions through its logistics services subsidiary Logiventures, to importers clearing their vehicles at the Magam Ruhunupura Mahinda Rajapaksa Port in Hambantota.

Sri Lanka has a very good potential to be a top tourist destination in the region and is unique in its natural beauty, against any competitor in the region, a top diplomatic group from United Kingdom (UK) stated.

South Asia is the least integrated region in the world as the trade between the countries account for less than 2 percent of the Gross Domestic Product (GDP) of the region, according to World Bank Country Director for Nepal, Tasheen Szyed.

Total tourist arrivals to Sri Lanka reached 57,506 for the month of May, an increase of 17.5 percent year-on-year. The majority of visitors

The Tea Exporters Association (TEA) is still awaiting a decision from the government with regards to its proposal on the importation of tea to Sri Lanka for the purposes of blending, according to TEA Chairman, Niraj De Mel.

Two vessels carrying over 1000 motor vehicles will call at Sri Lanka’s Hambantota Port for transshipments today and tomorrow, Sri Lanka Ports Authority (SLPA) said.

Sri Lanka’s external debt, inclusive of project loans and international bond issues, increased by 13% year-on-year (YOY) to US$ 18.6 billion in 2011, according to the Ministry of Finance and Planning’s Annual Report for 2011.

A focus on improving productivity in the framework of liberalized economic policy will be crucial to Sri Lanka’s ability to compete on a global scale, according to former economic advisor to the World Bank, Sarath Rajapatirana.

The local business community is sleeping and not aware of the extent of damage done to the country by heavy imports. They should wake up and assist local manufacturers, Treasury Secretary, Dr. P.B Jayasundara said.

The World Bank (WB) has identified weak investment climate and lack of efficiency in public spending as constraints for Sri Lanka to achieve its growth ambitions, the global lender announcing its FY 2012-2016 Country Partnership Strategy (CPS) for th

Securities and Exchange Commission (SEC) has decided to implement several key interim measures to reduce settlement risk involving the transactions of the Colombo Stock Exchange (CSE) until a Central Counter Party (CCP) is in place.

Sri Lanka’s listed corporates so far have incurred over Rs.5.7 billion loss as foreign exchange losses due to the depreciation of the Lankan rupee (LKR) against the US dollar, a quick compilation of data by Mirror Business revealed.

Responding to the statement made by the Tea Exporters Association (TEA) on Tuesday, the Planters’ Association of Ceylon (PA) yesterday said that they are completely against the proposed importation of orthodox black teas of foreign origin to th

United National Parliamentarian and economist Dr. Harsha de Silva releasing a statement said that the alleged misuse of public funds in the controversial The Finance National Savings Bank deal is ‘peanuts', when compared with alleged fraudu

The Sri Lankan rupee rose more than 3 percent yesterday as exporters sold dollars following the treasury secretary's threat to resume market interventions if the currency dropped beyond "tolerable" levels

Sri Lanka’s rupee fell 1.05 percent to a record low of 133.50 to the dollar yesterday on importer demand for the U.S. currency because of concern the rupee will weaken further if the Central Bank stops supplying dollars for oil bills.

Treasury bill yields rose across all maturities by 20 basis points at today’s auction held for the re-issue of Rs.12 billion maturing bills, according to the Public Debt Department of the Central Bank

The recent slide in Sri Lanka’s rupee is unwarranted as importer dollar demand has dropped significantly since the Central Bank took policy measures to curb imports, the bank’s Deputy Governor said yesterday.

The Sri Lankan ceramic tile industry could see a surge in both its domestic and export markets provided that positive signs as to a global economic recovery and booming local construction industry are not offset by the industry’s escalating ene

The Sri Lankan government has decided to request the completion of t he eighth review of the ongoing US $ 2.6 billion IMF (International Monetary Fund) Stand-by facility in order to draw the last tranche of US $ 400 million, though Central Bank Gover

The United Nations World Food Programme (WFP) operations in Sri Lanka welcomed a US$ 2.2 million donation of white rice and beans from the Government of Brazil yesterday.

The reconditioned motor vehicle importers to the country said that they have no objection to the Sri Lanka Ports Authority’s (SLPA) move in routing ships carrying motor vehicles from Colombo to hambantota port for unloading.

Treasury bill yields rose across all maturities at yesterday's bill auction held for the re-issue of Rs.10 billion maturing bills

The Asian Development Bank (ADB) yesterday described Sri Lanka’s economic outlook as ‘moderate but still strong’, adding that the economy would grow at 7 percent during 2012 and improve to 8 percent in the coming years amidst a bett

World-renowned leisure brand Six Senses is most likely to shelve its plans to list its regional business unit on the Colombo Stock Exchange (CSE).

The recommencement of the disbursement of the IMF tranches will be positive for Sri Lanka’s B1 credit rating, restoring investor confidence and strengthening foreign exchange reserves, Moody’s Investor Services noted.

The Treasury bill yields remained flat at yesterday’s bill auction for the re-issue of Rs.10 billion maturing bills, with the six months and twelve months yields remaining unchanged

Treasury bill yields rose across maturities at yesterday's auction for the re-issue of Rs.10 billion maturing bills, though all bids for 6-month bills were rejected.

Sri Lanka's export income during the month of January fell marginally to 0.6 percent year-on-year to US$918 million, while expenditure on imports rose 20.1 percent to US$1,883 million, the Central Bank said yesterday.

The dollar inflows to Sri Lanka have increased substantially in the recent weeks, and a significant part of them were absorbed by the Central Bank boosting foreign reserves of the country, the Central Bank said in a statement