Business

Cable car projects that operate more than a kilometre between two mountains without any support are rare in the world. The Sri Lankan people will have the chance to experience this rare opportunity before the end of this year.

Senior Economic Advisor to the President, Duminda Hulangamuwa, confirmed that there will be no revision of taxes on vehicle imports this year.

The government has decided to revise the tariff paid per unit of electricity generated by rooftop solar panels, with the proposed rates set to vary based on the scale of energy production.

The Central Bank is set to keep the rates when it meets for the second time for this year, this week, to decide on the key policy rate, after it left the overnight policy rate (OPR) unchanged at its January meeting.

A lack of financial literacy is the primary reason many Sri Lankans fall victim to pyramid schemes, says the Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe.

Sri Lanka’s tea exports fell in February, with volumes down 1.91 million kilograms year-on-year (YoY) to 20.40 million kilograms, industry data showed.

The Central Bank of Sri Lanka has determined that Pro Care (Pvt) Ltd. and Shade of Procare (Pvt) Ltd. are engaged in a scheme prohibited under Section 83(C) of the Banking Act, No. 30 of 1988, as amended

Britain’s Heathrow Airport was closed for the day Friday after a fire knocked out its power, disrupting flights for hundreds of thousands of passengers at Europe’s busiest travel hub.

Sri Lankan Airlines has cancelled several flights to London scheduled to depart Colombo today, due to the temporary closure of Heathrow Airport in London following a large fire at a nearby electrical substation.

The inland Revenue (Amendment) Bill which makes provisions for levying a 15 percent tax on IT service exports was passed in Parliament without a vote.