Last Updated : 2020-01-18 16:32:00
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Sat, 18 Jan 2020 Today's Paper
17 Jan 2020
The Chartered Institute of Management Accountants (CIMA) President Amal Ratnayake (center) yesterday took part in the Bell Ringing Ceremony at the CSE to commemorate the Global CIMA Centenary
16 Jan 2020
Sri Lanka’s Regional Plantation Companies (RPCs) were in for a rude shock this week when the government announced its decision to increase the minimum daily wage of plantation labourers to Rs.1,000, with effect from March 1, this year.
14 Jan 2020
The government plans to commence a joint marketing campaign to promote the investment opportunities of Colombo Port City with the project company, CHEC Port City Colombo, subsequent to enacting a comprehensive legal framework after May this year.
13 Jan 2020
Issuing by far the worst economic outlook for Sri Lanka this year, the World Bank last week said the country could entangle in a toxic mix of elevated fiscal deficit and debt, and the economy would struggle to break the 4.0 percent growth mark during next three years.
09 Jan 2020
The government’s decision to ban the importation of maize has met with resistance from the local poultry industry stakeholders as they asserted the move would only help feed the “maize mafia” that over the years has capitalised on the lack of timely availability of the crop, to manipulate the prices.
08 Jan 2020
CNN’s foremost international business correspondent and presenter Richard Quest will feature Sri Lanka in the newest edition of CNN Business Traveller from today.
07 Jan 2020
The Central Bank (CB) plans to introduce a task force to introduce a cost-reflective benchmark interest rate for the banking sector, which reflects the actual cost of funds, in order to overcome the deficiencies in the current benchmark interest rates.
06 Jan 2020
In what appears to be the sharpest rebuke levelled against the Central Bank bond scam so far, Senior Economic Advisor to the Prime Minister, Ajith Nivard Cabraal, who is also an ex-Centr
04 Jan 2020
Oil prices jumped more than US$ 3 yesterday after a U.S. air strike in Baghdad ordered by President Donald Trump killed the head of Iran’s elite Quds Force, sparking concerns for an escalation of regional tensions and disruption to crude supplies.
Brent crude rose a
03 Jan 2020
The new government of President Gotabaya Rajapaksa is prepared to meet the record Rs.2 trillion debt service obligations including Rs.1.1 trillion worth of foreign debt service obligation for this year.
02 Jan 2020
Sri Lanka’s apparel industry targets a 6 percent year-on-year (YoY) growth in exports for this year, moving ahead with plans to set up a 200-acre fabric park with foreign investments in collaboration with the Board of Investment (BOI) in the Eastern province, eyeing to attract large-scale orders by reducing lead times with locally-sourced fabrics.
01 Jan 2020
The Colombo International Container Terminals (CICT) announced that it handled a total of 2.9 million TEUs in 2019, achieving an 8.6 percent increase in its throughput, accounting for 40 percent of the volume of the Port of Colombo in the 12 months ending 31st December 2019.
31 Dec 2019
Boosting the revival of the tourism industry in Sri Lanka, Aitken Spence Maritime-facilitated Marella Cruises sailed its largest super-luxury cruise ship, Marella Discovery of the Marella fleet, to the Port of Colombo.
30 Dec 2019
The Central Bank (CB) has forecast 4 to 4.5 percent economic growth and below 4 percent inflation for next year, backed by the new government’s economic revival programme while meeting estimated US$ 4.8 billion external debt servicing for the year.
28 Dec 2019
The Monetary Board of the Central Bank (CB) at the last policy review of the year decided to maintain policy interest rates at their current levels, awaiting the President Gotabaya Rajapaksa’s policy statement on 3rd January 2020, which is expected to provide further clarity to the broad economic policy framework as well as the fiscal policy direction for the medium term.
27 Dec 2019
Indices at the Colombo Stock Exchange (CSE) gained yesterday amid investors expecting further relaxing of the monetary policy by the Central Bank.
26 Dec 2019
The newly-appointed Governor of the Central Bank of Sri Lanka (CBSL), Deshamanya Professor W.D. Lakshman, assumed duties in his new post on December 24, at the Governor’s office in Colombo.
24 Dec 2019
The Cabinet of Ministers has given its nod to allocate Rs.28.04 billion for a brand-new rural development programme named ‘Sapiri Gamak’, which is to be implemented from next January, covering all 14,021 Grama Niladhari (GS) divisions in the country.
23 Dec 2019
Sri Lanka’s Petroleum Resources Development Secretariat (PRDS) is expected to soon seek Cabinet approval to award bids to commence development of oil and natural gas discoveries in M2 block of Mannar Basin, eyeing first commercial production within 3-4 years.
21 Dec 2019
SriLankan Airlines entered the arena of Electronic Sports or Esports recently at the Mercantile Esports Championship organized by Gamer.LK, with its team performing creditably in the face of some stiff competition from other organisations.
20 Dec 2019
Leading entrepreneur and exporter, Prabhash Subasinghe assumed duties yesterday as the new Chairman of Export Development Board (EDB).
19 Dec 2019
NDB Investment Bank (NDBIB) completed another successful transaction in the Maldives by arranging a US $ 12 million loan facility for The Hawks Private Limited (Hawks), the largest private sector company engaged in the import and distribution of high-quality fuel in the Maldives.
18 Dec 2019
Cinnamon Hotels and Resorts has completed its third and final hotel opening for 2019 with the reopening of Cinnamon Hakuraa Huraa Maldives on Monday following refurbishments.
17 Dec 2019
Advantis Bunkering, the bunker supply arm of transportation and logistics giant Hayleys Advantis Limited, has commenced offering IMO2020 grade very low sulphur fuel oil (VLSFO) in Sri Lanka, becoming the first Sri Lankan company to offer this new grade of fuel.
16 Dec 2019
Nations Trust Bank PLC (NTB) has successfully concluded a landmark US$ 33.5 million syndicated term loan facility for Bayswater Maldives (Private) Limited, a joint venture between Sanken Overseas (Private) Limited, Singapore Hospitality Holdings (Pte) Limited and HIMA Holdings (Private) Limited.
14 Dec 2019
Christmas came early yesterday as equities and the pound surged on reports China and the US had reached a trade agreement, while British Prime Minister Boris Johnson won a landslide victory that will allow him to push through Brexit.
Investors flocked back into stocks around the world on news that Donald Trump had signed off on a long-awaited pact between the world’s economic superpowers that will see the cancellation of fresh US tariffs due at t
13 Dec 2019
(Riyadh) AFP: Saudi Aramco soared yesterday above the US $2 trillion valuation target sought by the kingdom’s de facto ruler as the energy giant’s share price surged on its second day of trading.
12 Dec 2019
Sri Lanka’s existing laws dating back over two decades lack teeth to crack down on rampant bribery and corruption, which has gripped every facet of the Sri Lankan society and even to make little progress in curbin
10 Dec 2019
Legendary investor and former chief of the Franklin Templeton Emerging Markets Fund, Dr. Mark Mobius, met with Prime Minister’s Senior Advisor on Economic Affairs Ajith Nivard Cabraal, at the Office of the Prime Minister, Temple Trees, yesterday. Discussions centred on attracting equity and fixed market investments into Sri Lanka and about Sri Lanka’s plans to realise the growth potential of the country.
09 Dec 2019
As fireworks lit up the Colombo skies, Prime Minister Mahinda Rajapaksa on Saturday evening officially opened the Chinese-backed Colombo Port City for investors. The event also marked the addition of 269 hectares of reclaimed land from the sea to Sri Lanka’s land mass.
18 Jan 2020