Japan’s manufacturers most confident in 7 mths despite trade war worries

(Tokyo) REUTERS: Business confidence among Japanese manufacturers was at its highest in se...


Toyota to increase production capacity in China by 20%

(Beijing) REUTERS: Japan’s Toyota Motor Corp will build additional capacity at its a...


China, U.S. to hold lower-level trade talks in late August

(Beijing/Washington) REUTERS: China and the United States will hold lower-level trade talk...


Shares hit over 7-week closing low on foreign selling

COLOMBO (Reuters) - Sri Lankan shares extended losses for a sixth straight session yesterd...


Sri Lanka to take part in apparel sourcing fair in Paris next month

A total of 6 Sri Lankan apparel manufacturers and 2 designers will participate in the four...


Trump says in ‘no rush’ to get NAFTA deal

WASHINGTON (AFP) - President Donald Trump said yesterday he was in “no rush” t...


SriLankan acts swiftly to help passengers stranded in Cochin

SriLankan Airlines has introduced a series of measures to mitigate inconvenience to its va...


Colombo Dockyard losses widen in 2Q

Sri Lanka’s largest shipbuilder, Colombo Dockyard PLC (DOCK), which operates in coll...


Shares edge down; foreign investors sell John Keells

Colombo (REUTERS): Sri Lankan shares ended marginally weaker yesterday, marking their fift...


Manufacturing and service activities expand at slower pace in July

Both the manufacturing and services sector experienced some slowdown in July, according to...


Banking sector woes to continue; but credit profiles broadly intact: Fitch

Sri Lanka’s banking sector woes will persist through the remainder of the year and ...


HNB 2Q boosted by new loans, operational efficiencies

Backed by the strong growth in loans and operational efficiencies, Sri Lanka’s secon...


Rupee hits record low for second session on importer demand

Colombo (RETUTERS):  The Sri Lankan rupee hit an all-time low for a second straight s...


ComBank sees strong growth in new loans; June profits up 10%

Commercial Bank of Ceylon PLC reported some solid financial performance for the quarter en...


New acquisitions weigh on Hemas 1Q bottom line

The recent new acquisitions weighed on the bottom line of the diversified conglomerate Hem...


Guardian Capital terminates JV agreement with foreign party due to ‘unfavourable investment’ climate

Guardian Capital Partners PLC (WAPO), a unit of the Carson Cumberbatch group, on Tuesday s...


Central Bank extends suspension on Pan Asia Bank’s primary dealer

The Monetary Board of the Central Bank yesterday said it has decided to extend the suspens...


Tourism digital marketing campaign in Europe to be launched this month

Sri Lanka will launch the long-delayed six-month digital marketing campaign in top source ...


SLTDA relaunches Sri Lanka Tourism Awards

The Sri Lanka Tourism Development Authority (SLTDA) Monday announced the relaunch of the a...


Rupee hits near-record low on Indian currency weakness

(Colombo) REUTERS: The Sri Lankan rupee hit a near-record low yesterday on weakness in eme...


Excise duty reforms on beer has made everybody a winner, says Lion Brewery

The excise duty reforms on beer in November last year have delivered social and financial...


Election goodies-driven demand to fuel bank credit next year: report

Sri Lanka’s banks will see a rebound in private sector credit triggered by the accel...


Rupee erases early losses to end flat

(Colombo) REUTERS: The Sri Lankan rupee hit a near-record low yesterday as weakness in eme...


Chevron Lubricants sees pickup in sales in 2Q

Chevron Lubricants Lanka PLC saw a growth in the company’s sales during its most rec...


SLT opts for private placement to comply with public free float rules

The director board of Sri Lanka Telecom PLC (SLT) has resolved to go for a private placeme...


Free-trade pacts hamper India’s efforts to curb China textile imports

(Mumbai) REUTERS: China is exporting textiles to India through Bangladesh to get around a ...


Aitken Spence 1Q hampered by poor power and tourism sector performance

Weak sales and profits from the key power generation and tourism businesses hit Aitken Spe...


Central Bank makes SLTDA license a pre-requisite for tourism related loans

The Central Bank has directed all finance companies in the country to consider the Sri Lan...


President appoints experts to study FTA with Singapore

President Maithripala Sirisena last week appointed a committee of experts to study the Sri...


SLT June net up 58% amid strong top line performance

The State-controlled telecommunication behemoth, Sri Lanka Telecom PLC (SLT) reported stro...


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