Business
Sevanagala, Pelwatte sugar plants record Rs. 50 loss per kilo
The Sevanagala and Pelwatte sugar factories, operated under the Lanka Sugar Company (Pvt) Ltd., are reportedly incurring substantial losses of approximately Rs. 50...
Around 10% reduction on orders on US tariffs uncertainty
While tariff negotiations between Sri Lanka and the US are ongoing till the 90-day grace period expires on July 8, Sri Lanka’s apparel...
CBSL reduces Overnight Policy Rate to 7.75%
The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to reduce the Overnight Policy Rate (OPR) by 25...
Sri Lanka struggles to retain foreign investment in bond market
Foreign investors sold Rs. 1.38 billion ($4.6 million) worth of Sri Lankan government securities during the week ending May 15, reversing a two-week...
CBSL downplays risk of harsh US tariffs
Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe, has said that a potential 44% reciprocal tariff on Sri Lankan...
Sri Lanka’s manufacturing sector records sharp decline in April
Sri Lanka’s Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) has registered a significant decline, falling to 40.1 in April 2025. This marks...
EML Consultants expands globally with AI agriculture project in Australia
Sri Lanka’s leading consultancy firm, EML Consultants PLC, is strengthening its international footprint with the launch of an innovative AI-driven agriculture initiative in...
Bangladesh and Sri Lanka explore enhanced port partnership
The High Commissioner of Bangladesh to Sri Lanka, Andalib Elias, recently held discussions with Admiral Sirimewan Ranasinghe (Retd.), Chairman of the Sri Lanka...
