Business News

In a recent development, McDonald's Corporation and International Restaurant Systems (Private) Limited have officially terminated …

Fitch Ratings: Sri Lanka’s economic recovery, moderating inflation, and lower interest rates are poised to spur finance and lea…

The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -0.2% in September 2024 f…

The All Ceylon Egg Traders’ Association has called on the government to introduce a pricing formula to stabilize the price of eg…

The Sri Lankan economy has stabilised with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts, the World B…

Sri Lanka is seeing continuous headway in its tourism trade through September as both the arrivals and earnings made progress in t…

Sri Lanka’s Cabinet of Ministers has decided to lift all vehicle import restrictions by February 2025, according to Foreign Mini…

Sri Lanka’s local business community stands to gain from a major revision of the country’s import tax structure, with the gove…

The Central Bank has relaxed the mandatory export conversion period in the latest exports proceeds conversion rule which came into…

Sri Lanka’s tourism industry is grappling with lower number of licensed tour guides, which could threaten the country’s abilit…

August merchandise exports income tops US$ 1.2bn Apparel & textile exports up 15% to US$ 565mn Jan-Aug. cumulative exports up …

Urge govt. to consider including canned fish in temporarily banned list of imported goods into country Despite the country reachin…

A circular allowing migrant workers to import an electric vehicle was issued yesterday (August 31) by the Labour and Foreign Emplo…

The Public Finance Committee which met today, unanimously appointed SJB MP Harsha de Silva as its new Chairman. He has been appoin…

The Minister of Finance has issued an order granting an amnesty period of one month with effect from August 15, 2022 in order to a…

The Ceylon Electricity Board (CEB) United Trade Union Alliance warns that the power cuts would likely have to be increased to more…

he recent 75% increase in the electricity tariff is incorrect; it is a 100% increase when considering higher unit rates, the Ceylo…

Sinopec, the biggest petrochemical company in China, is likely to enter Sri Lankan market for fuel importing, distribution and sel…

Litro Gas company has become a profit-making institution in July this year for the first time in several years, according to Litro…

CHEC Port City Colombo in collaboration with the Colombo Port City Economic Commission successfully introduced the Special Economi…

The Government and the Central Bank of Sri Lanka (CBSL) have been implementing several measures to ease the burden of the current …

The merchandise trade balance recorded a surplus in June 2022 for the first time since August 2002, reflecting the impact of histo…

Action will be taken to increase exporting gems that could bring in a revenue of US$1 billion by the end of this year, which is cu…

A senior International Monetary Fund (IMF) official will be visiting Sri Lanka on Monday and Tuesday to brief President Gotabaya R…

Thunderstorms and showers could be expected in the North-central, Eastern, and Uva provinces, as well as in Nuwara-Eliya, Matale a…