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Fri, 20 Sep 2019
Sri Lanka is urged to consider partnering with India in wind power generation and joint tea marketing efforts to boost exports to drive the economic growth over the next few years.
“Sri Lanka’s potential for wind could be 40,000-50,000 MW and Sr
As an effort to rectify Sri Lanka’s growing issue of grim productivity levels across diverse sectors, a senior representative of the regional banking industry stressed that the relevant authorities should actively look at reversing the ongoing brai
A local energy expert pointed out that the repeated mishaps in the energy sector are largely man-made and
Sri Lanka’s lubricants market narrowed with an across the board fall in the volumes during the three months ended in June 2019 (2Q19) as the industry is battering a broad-based economic downturn, which it has become an indirect casualty.
In an exclusive interview with Mirror Business, Guruprasad Gaonkar, Oracle Asia Pacific and Japan SaaS Leader, ERP and Digital Supply Chain, shared his thoughts on the ‘Eighth Continent’, a brand-new continent that we all have already stepped int
Although, Sri Lanka needs decisive leaders, the country can never achieve its economic objectives with a decisive leadership that compromises democracy and the rule of law.
“Some people with short memories say they want decisive leadership. That is
Redwood City, California-based computer technology firm, Oracle Corp. this week unveiled the world’s first autonomous operating system (OS), expanding its autonomous product portfolio beyond its flagship software, Oracle Autonomous Database introdu
Sunshine Holdings Group Managing Director and Vice Chairman of Ceylon Chamber of Commerce (CCC), Vish Govindasamy addressing the Sri Lanka Economic Summit 2019 said a strategic unit needs to be set up to analyse and proactively respond to implication
The Central Bank chief yesterday shared his recommended recipe for Sri Lanka to avoid getting caught in the middle income trap, which is likely to happen if the government failed to streamline the economic focus and macro-economic fundamentals.
COLOMBO (Reuters) - Sri Lankan rupee closed weaker yesterday on importer dollar demand, while foreign outflows from government securities also weighed on the currency.
Equities snapped two consecu
Finance Minister Mangala Samaraweera is to present the new Monetary Law Act that aims to depoliticise the Central Bank (CB) to the parliament next month.
“If there is one reform that will stabilise Sri Lanka’s macro economy, that will be the de
The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is evaluating nearly US $ 250 million worth of investment opportunities in Sri Lanka’s private sector.
“We are currently evaluating perspective investm
The country’s foremost economic event, Sri Lanka Economic Summit (SLES) 2019, kicks off at Cinnamon Grand Colombo, today.
The two-day event is themed around Recalibrating Sri Lanka’s Economic Trajectory Towards 2025, to guide Sri Lanka’s journ
The first specialised free trade zone for rubber-based value-added exports of China Hainan Rubber Industry Group Co. Ltd will be set up in Kegalle next year.
“We are negotiating with Chin
The Hambantota International Port (HIP) signed an agreement for port-to-port cooperation with the Ranong Port in Thailand.
The partnership is a bid to build synergi
AirAsia marks another foray into South Asia by offering direct services between Colombo in Sri Lanka and Thailand’s capital city of Bangkok.
This four-time weekly flight service is slated to commence operation again on November 11, 2019 with speci
The ‘Lotus Tower – Multifunctional TV and Telecommunications Tower’, foreseen to be one of the significant landmarks of the country, is Sri Lanka Telecom’s (SLT) epic accomplishment in the arena of
DUBAI (Reuters) - Saudi stocks plunged 2.3 percent as the market opened yesterday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output.
Sri Lanka has been striving to embark on an export-led growth model, but this aspiration is challenged given the prolonged delay in the development of Colombo Port’s East Container Terminal (ECT) and man
PARIS (AFP) - Louvre Hotels Group, owned by China’s Jin Jiang, has signed an agreement to open two hotels under its own name in Damascus, it said during the weekend, a day after the UN announced an internal investigation into the bombing of hospita
LONDON (AFP) - Former British prime minister David Cameron launched a blistering attack on the UK’s current leader Boris Johnson in extracts of his memoirs published yesterday, accusing him of only backing Brexit to further his own career.
NEW YORK (AFP) - President Donald Trump’s attacks on the US Federal Reserve make financial markets cringe, but his demand for zero interest rates makes banks sweat.
As the Fed reverses course and is poised to cut the benchmark lending rate a second
ECONOMYNEXT – Sri Lanka’s tax-payer funded health service is running below the optimal level of doctors required and more will be recruited by the end of next year, parliament was told.
Sri Lanka’s state health service
For the fifth consecutive year, Sri Lanka’s diversified conglomerate Sunshine Holdings PLC will support the country’s premier summit for key policymakers, business leaders, thought leaders and experts, the Economi
SriLankan Airlines yesterday said it is not allowing older generation 15-inch Apple MacBook Pro units on their planes over fire safety risk. Apple has determined that, in a limited number of older generation 15-inch MacBook
The Japan International Cooperation Agency (JICA) will provide technical assistance to strengthen the Gender Action Plan (GAP) for Colombo Light Rail, towards making it the first woman-friendly public transport system in Sri Lanka.
The Memorandum fo
(LONDON) AFP: British American Tobacco (BAT) yesterday said it planned to cut 2,300 jobs globally by January as its new boss seeks to drive revenues in controversial e-cigarettes.
“My goal is to oversee a step change in new category growth and sign
Hyundai Motor Company has announced Abans Auto as the authorised distributor for Sri Lanka.
As the authorised
Responding to a recent newspaper article where it was suggested to introduce a minimum export price (MEP) for Sri Lankan cinnamon to prevent unhealthy competition, the management committee of the Spices & Allied Products Producers’ & Traders’ Ass
REUTERS: Sri Lanka’s rupee closed flat yesterday, with foreign outflows from government securities showing a declining trend, while equities ended a tad firmer.
The rupee ended flat at 180.25/45 per dollar ahead of a long weekend. The currency gain
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