Asian markets mixed but Shanghai rebounds on officials’ support

HONG KONG (AFP) - Asian markets were mixed yesterday, with Shanghai bouncing back from ear...


Fintech startups win Gold and Merit at APICTA Awards

The 18th Asia Pacific ICT Alliance (APITCA) awards 2018, which was held in Guangzhou, Chin...


Pakistan’s PM to attend controversial Saudi investment conference

ISLAMABAD (AFP) - Pakistan’s foreign ministry announced yesterday that Prime Ministe...


Merkel calls for free trade as EU, Asia meet

BRUSSELS (AFP) -  German Chancellor Angela Merkel issued a rallying call for free tra...


Toyota chief urges UK, EU to avoid no-deal Brexit ‘at all costs’

TOKYO (AFP) - The head of Toyota, who leads a group of Japanese automakers, yesterday urge...


Sept tea output lowest in 17 years after drought

COLOMBO (REUTERS) - Sri Lanka’s September tea output fell to its lowest level for th...


Northern chemical site to transform into large industry zone

The famed Northern lands where Sri Lanka’s chemical giant Paranthan Chemicals Compan...


Media urged not to turn a blind eye to govt.’s achievements

Finance and Mass Media Minister Mangala Samaraweera yesterday requested the media institut...


Lankan e-commerce space could expand to US $ 500mn in next 5-7 years: Daraz

Daraz, a top e-commerce platform in South Asia, which was acquired recently by China&rsquo...


Govt. shoots down request to hike LP gas prices

The Industry and Commerce Ministry yesterday said it rejected a request to increase the pr...


Rupee ends weaker near record low; stocks steady

(Colombo) REUTERS: The Sri Lankan rupee ended weaker yesterday, near its record low, as ba...


Commercial High Court issues interim order on CFT

Commercial High Court on September 19, 2018 granted an interim order on Ceylon & Forei...


Sri Lanka reverses US $ 300mn China housing deal ahead of PM’s India visit

(Colombo) REUTERS: Sri Lanka has reversed a decision to award a US $ 300-million housing d...


Euro 30mn AFD loan for green power development project

French Agency for Development (AFD) has loaned 30 million euros to Sri Lanka to finance a ...


CPC-LIOC JV to develop abandoned oil tanks in Trinco

The state-owned Ceylon Petroleum Corporation (CPC) plans to enter into a joint venture (JV...


SL secures US $ 1bn term loan from China Development Bank

The Central Bank yesterday said Sri Lanka secured a US $ 1 billion foreign currency term f...


Cabinet nod to award US $ 2mn tourism brand identity building contract to JWT

The Cabinet of Ministers on Tuesday decided to award the US $ 2 million contract to develo...


Sept. motor vehicle registrations down

The recent curbs on vehicle imports appear to have finally stemmed the flow of motor vehic...


Recent credit boom has failed to translate into productive private investment: JB Securities

The two-year credit boom during 2015 and 2016 has failed to bring in desired long-term dev...


Rupee ends weaker; stocks edge up

(Colombo) REUTERS: The Sri Lankan rupee ended 0.2 percent weaker yesterday as banks and im...


Cabinet nod to award US $ 2mn tourism brand identity building contract to JWT

The Cabinet of Ministers yesterday decided to award the US $2 million contract to develop ...


Price controls, falling rupee push pharma industry to withdraw 11 drugs from market

The Sri Lanka Chamber of Pharmaceutical Industry (SLCPI) yesterday announced the withdraw...


Banking sector profits seen losing steam ahead of 3Q earnings season

The banking sector earnings, which once looked almost immune to economic cycles, have indi...


THASL AGM tomorrow

The Hotels’ Association of Sri Lanka (THASL), with a plan to develop more employment...


Rupee ends weaker; stocks hit near 5-yr low on foreign selling

(Colombo) REUTERS: The Sri Lankan rupee ended 0.7 percent weaker yesterday as banks and im...


Central Bank begins forensic audits on EPF’s share, bond investments

The Central Bank yesterday said the procurement process for several forensic audits is und...


World Bank forecasts 3.9% economic growth for Sri Lanka this year

The World Bank expects Sri Lanka economy to grow 3.9 percent this year and 4 percent in ne...


CB takes further action to cut non-essential consumer imports

In their latest action to ease the pressure on the sliding rupee, the Central Bank has dir...


Philippines mulls sponsoring catastrophe bond issue

(Manila) REUTERS: The Philippines’ Finance Ministry said yesterday it was exploring ...


Sri Lanka to count number of coconut trees using drone technology

The Plantation Industries Ministry together with the Coconut Cultivation Board (CCB) plan ...


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