Economy

The price of gold has surpassed USD 3,950 per ounce for the first time in history, global market data indicates. In response to the surge, gold prices in Sri Lanka have increased by approximately Rs. 8,000 compared to Saturday’s rates.…

Gold edged higher to a fresh record as the prospect of a looming US government shutdown clouded the Federal Reserve’s monetary policy path ahead of next month’s interest-rate decision. Bullion briefly touched an all-time high of…

Sri Lanka’s tourism sector has proven to be an indispensable engine of the nation’s economic recovery, with the current government's strategic efforts successfully revitalizing the industry and leading to a significant surge in…

By: Leo Nirosha Darsha The Sri Lankan government's policy of sending thousands of workers to Israel to replace Palestinian laborers continues to expand, even as the nation publicly calls for a ceasefire in Gaza and supports a two-state…

By:Leo Nirosha Darshan  Foreign Employment Minister Vijitha Herath tells Parliament Sri Lanka reviewing reintroduction of mandatory minimum wage for migrant workers under 2023-2027 National Policy Says policy under review to balance…

By Leo Nirosha Darshan Female labor migration is a huge part of Sri Lanka's economy and society. For decades, many Sri Lankan women have gone abroad, mostly to the Middle East, to work as domestic helpers and caregivers. These women are…

Switzerland’s watch industry is facing a threat to sales after Donald Trump said he would impose 39 per cent tariffs on the country, raising the prospect of significantly higher prices in one of its biggest markets. The elevated levy…

Concerns pertaining to e-commerce platform taxation that affected products that were purchased through websites such as AliExpress, Amazon and Temu have been resolved, according to officials who were present during a meeting of the…

A global equities gauge fell on Monday while the euro took a tumble and U.S. Treasuries sold off as investors cautiously greeted a trade agreement between the U.S. and European Union at the start of an action-packed week for markets. The…

Sweden-based car maker Volvo Cars says it will cut around 3,000 jobs as part of its cost-cutting measures. The firm says the layoffs will mainly impact office-based positions in Sweden, representing about 15% of its white collar…