India's Finance Minister, Nirmala Sitharaman, has praised the State Bank of India (SBI) for launching a direct Sri Lankan Rupee-Indian Rupe...

Consequently, the bank carried out the very first transaction in Indian rupees with India through this channel, becoming the very first Sri...

Unsustainable debt, a severe balance of payment crisis on top of lingering scars of the COVID-19 pandemic have led to a severe shortage of ...

Sri Lanka needs about USD 5 billion in the next six months to cover basic necessities for its 22 million people, who have been struggling w...

Hundreds of anti-government protesters on Saturday stormed into Rajapaksa's residence in central Colombo's high-security Fort area after br...

The government has to carefully manage resources and reduce the budget deficit as it has caused many problems across the economy, Siriwarda...

In the wake of depleting foreign exchange reserves, Sri Lanka rupee is putting pressure on the balance of payments, The Leader reported quo...

Asian Paints did not disclose the deal size. However, it said, CPLPL reported revenue of Sri Lankan Rupee 5,630 million (approx Rs 253.60 c...

The tax range for such cars is expected to come down from its present tax range of 1.5-1.6 million to about 1.35 million Sri Lanka rupees, ...

Sri Lankan Navy yesterday arrested the two people from northern Jaffna peninsula's Madagal area as they were trying to smuggle the gold to ...

RBI has agreed for a $1.5 billion currency swap agreement with the Sri Lankan central bank to help the island nation keep its currency stab...

Consolidating its hold over national carrier Sri Lankan Airlines, the Island government has bought back the entire 43.6 per cent stake it s...

LIOC, the Lankan arm of Indian Oil Corporation, has announced a net profit of 21.77 million dollars for 2007-08, a turnaround from the loss...

Lanka IOC, a subsidiary of Indian Oil Corporation, is fearing losses of about 6.3 million dollars every month following the steep hike in i...

International voice and data services provider Videsh Sanchar Nigam's stock dropped 1.04 per cent to Rs 738.15 even after it sold 10 per ce...

The Tata Group promoted VSNL, which was recently renamed Tata Communications, has sold a 10% equity stake in its Sri Lankan subsidiary, VSN...

Lauding the Indian government's sops to its small scale industries, an apex trade body here has asked the Sri Lankan administration to emul...