IMF says initial Sri Lanka market pressures seem contained

The International Monetary Fund (IMF) said on Tuesday that initial financial market pressures on Sri Lanka appear contained following "horrific" Easter Sunday bomb attacks...

Sri Lanka seeks more employment opportunities in Tigray

The Asia Pacific  Group of Ambassadors representing Indonesia, Pakistan, Bangladesh, Turkey, Azerbaijan, Kazakhstan and Sri Lanka had a 3-day visit to Mekelle, capital of...

Fonterra back on track in Sri Lanka

Fonterra's Sri Lanka business has fully recovered after a 2013 food safety scare sparked public protests and forced the temporary closure of its operations...

Qatar Chamber, Sri Lanka review co-operation in employment

Qatar Chamber and Sri Lanka's Ministry of Foreign Employment held a meeting yesterday to discuss co-operation between the two sides in connection with recruitment...

Indian cabinet approves amendments to double tax avoidance agreement with Sri Lanka

The Indian Union Cabinet on Wednesday approved amendments to the existing double tax avoidance agreement with Sri Lanka, a move aimed at curbing tax...

No dire need of emergency funding says CB

Sri Lanka is in no dire need of emergency funding as the country’s economy fared well in 2015 with reserves on a sound footing,...

BOI to be restructured in a month to meet expectations

The Government says the Board of Investment (BOI) will be restructured within a month. Justice Minister Wijeyadasa Rajapakshe said the BOI must be shut as...

Central Bank of Sri Lanka reduces policy interest rates

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 29 January 2020, decided to reduce the Standing Deposit...

Mövenpick hotel GM confident of tourism market

With Sri Lanka’s post war tourism boom set to reach higher ground over the next few years, more and more hotels are coming up...

Indian Bank ramping up overseas branches in Sri Lanka

Public sector Indian Bank has undertaken initiatives to increase business at its overseas branches in Sri Lanka and Singapore, a top official has said. "Our operations (in...

SriLankan signs Airbus deal

During the Paris Air Show held today (Wednesday), SriLankan Airlines announced it had signed a memorandum of understanding in preparation for an order for...

India’s development assistance to Sri Lanka around US$ 3 billion

India’s overall commitment of development assistance to Sri Lanka stands at a total of around US$ 3 billion, out of which US$ 560 million...

Embassy of Sri Lanka in Beijing connects with Fliggy Online Visa

The Embassy of Sri Lanka in Beijing was invited by Alibaba Group to attend the launching ceremony of Fliggy Online Visa Centre on 29th January...

US and Sri Lanka discuss investment opportunities

State Minister of Finance, Eran Wickramaratne, held wide-ranging talks in the US during a just concluded visit, the Foreign Ministry said today. Wickramaratne led the...

Boost to Sri Lanka tourism as Polish Airlines begins flights to Colombo

LOT Polish Airlines, a modern airline connecting Central and Easter Europe, made its inaugural flight to Sri Lanka from Warsaw today. The new aircraft received...

WSO2 announces 16 featured guest speakers at WSO2Con 2013

WSO2 today announced that 16 guest speakers will present at WSO2Con 2013, WSO2’s third user conference. The presenters include customers, researchers, systems integrators, and...

Sri Lanka’s credit profile remains constrained

Moody's Investors Service says that the Government of Sri Lanka's B1 rating is supported by the economy's robust medium-term GDP growth prospects, relatively large economy,...

IMF calls on Sri Lanka to accelerate economic reforms

A staff team from the International Monetary Fund (IMF) led by Manuela Goretti visited Colombo during September 13-27, 2018 to hold discussions on the...

Government looks to maintain policy consistency

Sri Lanka will strive to tighten its belt and maintain policy consistency to improve its debt rating and help make capital Colombo a global...

IMF finds Sri Lanka fell short of expected target in 2019

The International Monetary Fund (IMF) said that preliminary data found that Sri Lanka fell short of the primary surplus target in 2019 under the...