The recent election drubbing will not make the government to halt the economic reforms agenda it has already set in motion but the country may experience a slowdown in implementation of such reforms, an economist-turned-legislator in charge of nation

Jazz sensation Wycliffe Gordon and sextet, staged a performance for the residents of Slave Island yesterday as part of the 70th anniversary celebration of US-Sri Lanka partnership.

South Asia’s first ever triathlon got underway at the Galle Face Green yesterday, with the participation of more than 800 local and foreign triathletes.   Foreign participation at Ironman 70.3 Colombo was seen from India (133 triathle

Asian markets ended the week on a positive note following the lead from Wall Street, with energy firms lifted by a rally in  oil prices.

The notable increase Sri Lanka saw in export earnings was offset by racing imports in December 2017 to record the highest trade deficit for the first time in 5 years, the external sector data released by the Central Bank showed.  

Neither confirming nor denying the speculations that UK-based Lyca Group is nearing a deal to purchase the ETI Group’s assets, Central Bank Governor Dr. Indrajit Coomaraswamy told Mirror Business that the Central Bank is still processing an inv

The National Economic Council (NEC), chaired by President Maithripla Sirisena, will present a new economic plan next week to address the key economic issues of the country, the President’s Media Division said in a brief statement yesterday. It

Seylan Bank PLC reported group earnings of Rs.4.10 per share or Rs.1.45 billion for the December quarter (4Q17), compared to Rs.3.37 a share or Rs.1.2 billion in the same quarter of the previous year, the interim financial accounts released by the ba

Sri Lanka could run the risk of defaulting on its loan payments during the next four-year period, if fiscal policy is loosened drastically, according to Central Bank Governor Dr. Indrajit Coomaraswamy.

A lecture and discussion on “Trade theory and Global Experience on Trade Protection; its Benefits and Limitations” was held at the Sri Lanka Export Development Board recently with the participation of Professor Robert Lawrence, Professor

The Central Bank will be calling for proposals from major audit firms to conduct an internationally-led forensic audit into treasury bonds issuances and the Employees’ Provident Fund (EPF) investment decisions during former Central Bank Governo

Making a strong case for free cross-border trade, Harvard Kennedy School’s Professor Robert Lawrence, delivering a lecture in Colombo last week, highlighted that tariffs are the wrong way to raise revenue for a government.   

The Colombo bourse’s indices ended yesterday’s trading in the red territory with the outcome of Saturday’s local government election weighing on the investor sentiment.

The local government election upset for the incumbent coalition could spell doom for the country’s economic reform agenda if Former President Mahinda Rajapaksa loyalist faction’s Sri Lanka Podujana Peramuna (SLPP) pushes its advantage in

People select vegetables at a supermarket in Fuyang, in eastern China’s Anhui province. China’s factory inflation eased to a 14-month low in January while consumer prices grew at their slowest rate in six months, official data showed yest

A Memorandum of Understanding (MOU) has been signed between the Department of the Registrar of Companies and the Department of Labour to share information between the two departments for the establishment of a web-based single window for business re

The Development Strategies and International Trade Ministry of Sri Lanka and Industry and Trade Ministry of the Czech Republic entered into an agreement of mutual cooperation yesterday.

The Information and Communication Technology Agency of Sri Lanka (ICTA) in collaboration with the Import and Export Control Department (IECD) has developed an online license issuing and debiting system to further simplify and accelerate import/export

AFP: A South Korean appeals court yesterday upheld Samsung heir Lee Jae-Yong’s bribery conviction but cut his prison sentence to a suspended term, ordering his immediate release.

President Maithripala Sirisena said yesterday the fight against corruption is the self-defence of the nation and stressed that it has become one of the main impediments to the progress towards prosperity, which is the aspiration of all citizens.

Germany’s Allianz S.E., the world’s leading insurance firm, this week fully acquired the Janashakthi Insurance PLC’s general insurance business for Rs.16.4 billion, eyeing a top spot in Sri Lanka non-life insurance landscape.

The Central Bank of Sri Lanka issued a circulation standard commemorative currency note in the denomination of Rs. 1000 to mark the 70th Independence celebration in the country. The currency note was officially presented to the Finance and Mass Media

ThisJanuary the local karting scene was taken to an international level as the first ever X30 Asia Cup was held at the Sri Lanka Karting Circuit in Bandaragama. The event was organized by the David Pieris Racing & Leisure (Private) Limited and

Sri Lanka improved its budget transparency last year compared to two years ago under the Open Budget Survey, although it ranked the second lowest among its South Asian peers, according to Verite Research (Pvt) Ltd.

The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) signed last week is credit positive for both sovereigns and more so for Sri Lanka as the trade pact is expected to enhance cross-border trade of goods and services and would promote foreign direct

Foreign Direct Investment (FDI) to Sri Lanka grew to over US$1.63 billion in 2017, doubling from the US$802 million achieved in the previous year, the state-run investment promotion agency said. 

The Jaffna International Trade Fair (JITF 2018), the largest consumer exhibition and trade fair in the fast-growing Northern region opened yesterday, for the 9th consecutive year. Here Primary Industries Minister Daya Gamage and Northern Provincial C

Former Central Bank Governor Ajith Nivard Cabraal said yesterday the government was taking extreme measures to control the damage caused by the Central Bank (CB) bond scam instead of taking action to bring the culprits to book.

The Plantation Industries Ministry will set up an agency to monitor the 20 regional plantation companies (RPCs) on their tea production operations and financial affairs. “We have to get the processes right. Especially in the RPCs, we have to ge

In the post-free trade agreement (FTA) era, the Sri Lankan and Singaporean governments now have to create a comprehensive trade and investment plan in a collaborative manner to boost bilateral commerce, according the Singaporean Minister for Trade an