Business

The Sri Lankan rupee has declined against the US dollar today (10), with the spot exchange rate surpassing the Rs. 300 mark for the first time since September 27, 2024.

The pilot project to introduce card payment options on expressways is set to be launched this week, the Ministry of Transport and Highways announced.

The national minimum monthly wage in the private sector will be increased to Rs. 27,000 this year, according to the budget proposals, the Ministry of Labour announced.

The current government has decided to reverse the previous administration’s decision to privatize the airline, the President’s Media Division said.

A tense situation was reported at a privately-owned apparel factory in Udukawa, Weligama last night (April 8), after employees staged a protest against the management’s decision to withhold the Sinhala and Tamil New Year bonus.

The Cabinet of Ministers has granted approval to a proposal to increase the monthly minimum wage of private sector employees from Rs. 17,500 to Rs. 27,000 with effect from 01 April 2025.

President Anura Kumara Dissanayake has personally written to United States President Donald Trump on ways to mitigate the impact and reduce the tariffs imposed recently, Deputy Minister of Economic Development Anil Jayantha Fernando announced in Parliament.

Adani Ports and Special Economic Zone (APSEZ) shares surged 3.6% to their intraday high of Rs 1,151.95 on the BSE on Tuesday after the company officially commenced operations at the Colombo West International Terminal (CWIT), a project that began construction in 2022.

A leading liquor store chain owner cum hotelier had been booked by the Department of Excise yesterday for promoting booze sales through Facebook by using attractive discounts, thus violating the NATA Act. The Excise also took a large stock of foreign liquor kept in possession sans paying duty,

More than 50 countries have reached out to the White House to begin trade talks, a top economic adviser to U.S. President Donald Trump said on Sunday as U.S. officials sought to defend sweeping new tariffs that have unleashed global turmoil.