International legal protection for Sri Lankan folk medicines

In a major boost to Sri Lankan folk medicine tradition, Sri Lanka yesterday announced that...


Rupee ends weaker on importer dollar demand

COLOMBO (REUTERS): The Sri Lankan rupee closed weaker yesterday as importer dollar demand ...


Trump hails ties with UK despite Brexit criticism

UNITED KINGDOM (AFP): US President Donald Trump said yesterday that ties between Britain a...


Asia markets enjoy positive end to volatile week

NEW YORK(AFP): Most Asian markets rose again yesterday following a record close on Wall St...


China pledges more BRICS cooperation as US trade tensions rise

BEIJING (AFP):  China pledged yesterday to boost cooperation with fellow BRICS countr...


US hedge fund demands US$770m from S. Korea over Samsung merger

SEOUL (AFP): A US hedge fund is demanding almost US$800 million from South Korea at an int...


President discusses steps needed to develop gem and jewellery industry

A meeting between President Maithripala Sirisena and the representatives of the country&rs...


Banks face daunting task of capital raising ahead of regulatory reforms: Fitch

Some of Sri Lanka’s large banks still face an uphill task beefing up their capital l...


ComBank’s debenture issue opens on Monday

The Commercial Bank of Ceylon PLC has announced its plans to raise Rs.5 billion, with an o...


Young inventor files legal action to protect design concept

In one of the first cases to be filed in Sri Lanka in respect of an infringement of the la...


Current exporter registration process discourages SMEs entering international markets: think tank

The lengthy, inefficient and burdensome exporter registration process is discouraging Smal...


BOI, EDB, Business France enter into tripartite agreement to promote trade and investment

A Memorandum of Understanding (MoU) was signed between the Board of Investment (BOI), Expo...


Inconsistent tax policies seen as major constraint in attracting FDIs

Inconsistencies in Sri Lanka’s taxation policy during the last 4-6 years have create...


Tea Board to test all teas at tea auction for sugar

The country’s tea industry regulator, the Sri Lanka Tea Board (SLTB), has decided to...


Sri Lanka climbs two places in latest innovation rankings

Sri Lanka has made two-position improvement in the 2018 innovation rankings as the country...


Worker remittances rebound; tourism earnings remain strong during 5 months

The worker remittances to Sri Lanka rebounded during the first five months, while the earn...


Shares end firmer as investors buy select blue chips

(Colombo) REUTERS: Sri Lankan shares closed firmer yesterday as investors bought beaten-do...


CB warns against dollar hoarding as rupee falls

(Colombo) REUTERS: Sri Lanka’s Central Bank is concerned about the dollar hoarding a...


Central Bank tells Swarnamahal Finance to immediately pay 10% of deposit liabilities

Upon the requests of depositors, the Central Bank yesterday said it instructed Swarnamahal...


Singapore’s Lazard and MTI to advise government on Hilton, Grand Hyatt sales

The government has selected Singapore-based Lazard Asia Limited and Sri Lanka’s MTI ...


Sri Lanka may get Chinese-funded convention centre to host BRI events

Sri Lanka may get its largest convention centre through Chinese investments, which would p...


Shares end steady; turnover at near 3-month low

(Colombo) REUTERS: Sri Lankan shares closed steady yesterday, while the turnover slumped t...


Rupee ends steady after 6 sessions of decline

(Colombo) REUTERS: The Sri Lankan rupee closed steady yesterday after six straight session...


Apparel exports pick up pace in May

Sri Lanka’s apparel exports rebounded in May with a 9.3 percent year-on-year (YoY) g...


CB says long-delayed EPF, ETF annual reports to be released soon

The much-delayed annual reports of the Employees’ Provident Fund (EPF) and Employees...


Global stocks rally continues apace

AFP: A global stocks rally took root yesterday after strong US jobs data and despite Brexi...


Rupee extends fall for 6th straight session

(Colombo) REUTERS: The Sri Lankan rupee fell for a sixth straight session yesterday on imp...


Think tank urges govt. simplify export registration process

ECONOMYNEXT: Sri Lanka’s government has been urged to simplify the process for regis...


ETI Finance completes disbursement of 10% of deposit liabilities

The Central Bank said the troubled ETI Finance Limited (ETIFL) has paid back 10 percent of...


Sampath Bank to raise US $ 100mn via Singapore listed debentures

Sampath Bank PLC last Friday announced its plans to raise US$ 100 million quoted in the Si...


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