SriLankan Airlines said it is adding 18 more new cities in Europe, North America, South America and the Middle East through the expansion of its codeshare agreement with its oneworld partner Qatar Airways, bringing its global route network to 127 des

Lanka Tiles PLC is to invest Rs.200 million to manufacture porcelain mosaic tiles for export market with foreign collaboration.

The government has removed the consolidated tax of Rs.36 per kg of imported wheat flour and replaced it with the Special Commodity Levy (SCL) of Rs.8 per kg.

Tea is one of Sri Lanka’s major export commodities; it sustains the livelihoods of the majority of the estate population in Sri Lanka. Furthermore, it contributes 10 percent to the agricultural gross domestic product and 12 percent to the value of

China is focusing on its commitment to the Belt and Road Initiative (BRI) at the expense of long-term sustainability. In the early stages of BRI, an overriding concern with commitment set off what Yuen Yuen Ang calls a Maoist mass campaign to promote

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

The new government of President Gotabaya Rajapaksa has unveiled its National Policy Framework (NPF) themed ‘Vistas of Prosperity and Splendour’ to achieve US$ 6500 per capita income with an economic growth of 6.5 percent per annum under stable ma

UltraTech Cement Lanka (Pvt) Ltd. has reduced the prices of its cement with effect from December 1 passing on the benefits of the reduction in Value Added Tax (VAT) and the removal of Nation Building Tax (NBT) to customers.

Sri Lanka’s relatively low duty structure on luxury goods such as wrist watches are supporting the country to position itself as a regional retail hub by attracting high-end tourists from the region, competing with international retail hubs such a

Lanka Securities’ chief Kosala Gamage has been appointed the new President of Colombo Stockbrokers Association (CSBA) at the Association’s Annual General Meeting (AGM) held on December 5.

John Keels Holdings (JKH) is likely to postpone the earlier scheduled closure of the Crescat Boulevard, one of the oldest shopping malls in the country adjacent to Colombo’s Cinnamon Grand hotel, next February.

Sri Lanka’s trade deficit contracted in the month of October and also during the first 10 months of 2019 amid slight gain in export income and considerable decline in import expenditure, according to the external trade data released by the Central

It is very unfortunate that the government has decided to stop the expansion of cultivation of oil palm without considering in depth, the merits and demerits. Totally banning the globally most widely used weed killer, glyphosate in 2015, was a simila

Azim Hashim Premji (born July 24, 1945) is an Indian business tycoon, investor, engineer and philanthropist. He is popularly known as the Czar of the Indian IT industry.

WASHINGTON (AFP) - The United States was poised to announce a historic trade deal with China, days before new tariffs are due to kick in between the world’s two largest economies, easing a commercial dispute that has roiled markets for almost two y

WASHINGTON (AFP) - Chastised by the top US aviation regulator, Boeing on Thursday at last acknowledged that its 727 MAX aircraft will not return to the skies until next year. Steve Dickson, head of the Federal Aviation Administration, met Thursday wi

A delegation from the Vereniging van Kleinschalige Reisorganisaties (VVKR); Small & Medium Tour Operators Association in The Netherlands arrived in Sri Lanka on December 02nd, on an invitation from Sri Lanka Tourism. Upon their arrival, they were giv

LOS ANGELES (AFP) - Microsoft has unveiled a name and look for its new gaming console, the Xbox Series X, promising a still-more immersive experience as it fends off threats from streaming and rival Sony. The US company in June p

MEXICO CITY (AFP) - The Mexican Senate ratified the modified North American free trade agreement with the United States and Canada on Thursday after more than two years of arduous negotiations.

FRANKFURT AM MAIN (AFP) - German takeaway giant Delivery Hero yesterday said it had agreed to buy South Korea’s largest food delivery app Woowa in a 3.6 billion euro (US$ 4 billion) deal aimed at beefing up its

TOKYO (AFP) - Confidence among Japan’s biggest manufacturers has s lipped for the fourth straight quarter, a key survey showed yesterday, reflecting lingering worries over the US-China trade war. The Bank of Japan’s December Tankan business surve

BRUSSELS (AFP) - European Union leaders on Thursday extended punishing economic sanctions against Russia over the conflict in Ukraine for another six months, senior EU officials said. The move comes days after a four-way summit in Paris between Ukrai

(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.

The government has effected further changes to taxes and levies as the Finance Minister had ordered the exemption of Ports and Airports Development Levy—which is often referred to as the PAL—on a range of imported capital goods in a bid to provid

Sri Lanka’s Cabinet of Ministers has decided to set-up a ‘multi-purpose task force’ comprising 100,000 qualified low-income youth under a separate department.

About 81 percent of Sri Lankans believe that the losses sustained by State-owned enterprises (SOEs) are not justified, compared to the services they provide, according to a public opinion poll conducted by Colombo-based think tank, Advocata Institut

The Colombo Stock Exchange (CSE) is to conduct a planned full-day of trading from the disaster recovery site using ATS Version 7 Disaster Recovery Solution today as a part of its routine business continuity planning (BCP).

Sri Lanka’s entire public sector is going through a restructuring process under the new government led by President Gotabaya Rajapaksa, a government minister said.

The government will reduce duty on wheat flour imports for a limited period in order to ease the cost of living amid a hike in rice prices, Cabinet Spokesperson Dr. Ramesh Pathirana said.

The Treasury has approved bonus payment for the year 2019 for the employees of State-owned statutory bodies and fully State-owned companies.