The International Monetary Fund announced on Tuesday it is reviving its $2.9 billion bailout for Sri Lanka after the South Asian nation clinched a debt restructure deal with its largest single lender …
India to lock horns with fierce rivals Bangladesh in opener as ICC announce schedule for 2024 U19 World Cup in South Africa
ICC U19 Men’s Cricket World Cup will be hosted by South Africa after being shifted from Sri Lanka. The tournament will begin on January 19 and will be played across five venues with as many as 41 matches to decide the next champion team at the U19 level.
ComBank ranked No 1 in ‘Business Today Top 40’
The Commercial Bank of Ceylon has been ranked No 1 on the Business Today ranking of Sri Lanka’s Top 40 business …
Launch of “National Business Excellence Awards 2024”
The National Chamber of Commerce of Sri Lanka takes pleasure in announcing the “National Business Excellence Awards 2024”, for the 19th consecutive year. The flagship event will be held on Thursday, …
SLTDA warns of US $ 90mn tourism loss as Sri Lanka delays approval for Russian charter flights
Sri Lanka stands to lose an estimated US $ 90 million in potential tourism earnings, due to the government’s reluctance to permit Russian charter flights to the island nation, cautioned the Sri Lanka …
Sri Lanka parliament approves VAT hike, reducing exemptions to meet IMF revenue goal
ECONOMYNEXT – Sri Lanka’s parliament approved a 3 percent increase in Value Added Tax (VAT) from January 1, and to reduce exemptions on the tax as the island nation is struggling to meet the revenue …
Sri Lanka’s Kithul Industry Is Ailing, But Authorities Have Other Plans
Kithul trees were found in abundance in Sri Lanka’s rainforests including Sinharaja but kithul … “People are engaged in the moonshine business and they do that inside the forest areas. Despite …
Sri Lanka’s Singer Finance rating cut to BBB (lka), outlook stable: Fitch
Fitch Ratings has downgraded the national long-term rating of Sri Lanka’s Singer Finance (Lanka) Plc to ‘BBB (lka)’ from ‘BBB+(lka)’.
The issue of illegal pet farms in Sri Lanka
The greatness of a nation and its moral progress can be judged by the way its animals are treated” Mahatma Gandhi ..
Timor-Leste is coming of age, and has learnt from Sri Lanka’s mistakes
Looking out from Wata Bo’o beach, I saw a calm blue sea, the water unruffled, disrupted only intermittently by the splash of a leaping silvery fish. This serene tropical outpost, a thousand miles east …