Sri Lanka yesterday launched the official website announcing the country’s participation in the six-month long Expo 2020 Dubai, anticipating a major boost to exports, tourism and investments while looking to enhance the country’s brand value and

(Washington) REUTERS: World Bank President David Malpass said it is likely the development lender will downgrade its global growth outlook amid uncertainty over falling trade and investment flows, but he stopped short of calling on the United States

Laughs Power Limited (LPL), the renewable energy subsidiary of Laugfs group, is to list its shares on the secondary Diri Savi Board of the Colombo Stock Exchange (CSE) by way of a share introduction.

The Hambantota International Port Group (HIPG) recently entered into a terminal service agreement (TSA) with Japanese shipping conglomerate NYK, the first roll on/roll off (RoRo) specific TSA entered into by the shipping line with a Sri Lankan p

(London) AFP: Sterling sank into losses in chaotic trade yesterday on fears that Britain’s Brexit draft deal might not win parliamentary approval, having earlier spiked close to US$ 1.30 on news of the agreement. At 1240 GMT, the pound w

(Colombo) REUTERS: Sri Lankan shares snapped two sessions of losses to end higher yesterday as investors picked up beaten down stocks. The rupee closed weaker. The benchmark stock index closed 0.40 pe

The upgraded airport in Palali will be declared open as Jaffna International Airport (JIA) today, under the patronage of President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe, Transport and Civil Aviation Minister Arjuna Ranatunga and I

Sri Lanka is among eight countries advanced to the implementation stage from the preparation stage having initiated key banking reforms to drive development and fight climate change, according to the second Global Progress Report of the IFC-facilitat

Two agreements were signed yesterday between the government and the Netherlands’ Rabobank amounting to EUR 70.7 million (approx. Rs.14.1 billion) for the construction of rural bridges and establishment of the National Vocational Training Institute

The Cabinet of Ministers has cleared a proposal to borrow US $ 25 million from the International Bank for Reconstruction and Development (IBRD) of the World Bank to improve the efficiency and transparency of public institutions.

The Cabinet of Ministers has decided to further relax the rule on repatriation of export earnings by taking into consideration the appeals made by exporters, the Government Information Department said.

The Cabinet of Ministers has this week approved the setting up of a debt management bureau at the Finance Ministry, as a separate unit, the Government of Information Department said. At present, the country’s foreign and domestic debt are sold and

The Travel Agents Association of India (TAAI) is planning to host its Annual Convention in Sri Lanka later this year.

The global economy is in a synchronised slowdown and we are, once again, downgrading growth for 2019 to 3 percent, its slowest pace since the global financial crisis. Growth continues to be weakened by rising trade barriers and increasing geopolitica

When Rathinam Jenaka first began working at YARLCO, she was only allowed to boil the milk. As she stood stirring the pot, she would glance over to the other women on the factory floor.

The primary issue that arose at the plenary on ‘Promoting Innovation and Disruption in the Fourth Industrial Revolution (4IR)’, at the 12th South Asia Economic Summit (SAES XII), organised by the Institute of Policy Studies of Sri Lanka, was the

Chris Chelliah Group Vice President & Chief Architect, Cloud Platform, APAC, Japan & EMEA. He has more than 24 years of experience in the information systems industry; 20 of those years have been with Oracle across different portfolios in Asia Pacifi

(Washington) REUTERS: The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned yesterday, adding that the outlook could darken considerably if trade tensions

A test flight was competed yesterday from Chennai to Palali Airport, which is to be declared open as the Jaffna International Airport (JIA) tomorrow (17th). Indian aviation experts and specialists, who were on board the test flight, inspected the run

Sri Lanka’s manufacturing and services sector activities expanded in the month of September, albeit at a slower pace compared to August, according to the Central Bank’s SL Purchasing Managers’ Index (PMI). Manufacturing activities recorded a PM

(Colombo) REUTERS: Sri Lankan stocks ended weaker yesterday, snapping a run of seven straight gaining sessions to slip from a near six-week high hit in the previous session as investors booked profits. The rupee currency ended weaker. The benchmark

Land sales of the Colombo Port City is set to begin within the first half of next year with both government and the project company preparing to float the tenders for land plots, Mirror Business learns.

Sri Lanka’s government debt burden is weighing heavily on the economy in respect of mounting debt service payments – a problem aggravated by steep depreciation of the rupee against major foreign currencies. In terms of the year-end exchange rate

(Stockholm) REUTERS: U.S.-based economists Abhijit Banerjee, Esther Duflo and Michael Kremer won the 2019 Nobel Economics Prize yesterday for their work in fighting poverty that has helped millions of children around the world.

(Colombo) REUTERS: Sri Lankan stocks rose for the seventh straight session yesterday to hit a near six-week high as beverage and banking shares rallied. However, the rupee ended weaker.

New Democratic Front presidential candidate Sajith Premadasa last week pledged to formalise the private sector consultative process for scientific and rational economic policymaking, under a revamped administration.

Sri Lanka’s banking sector is urged to make a paradigm shift in export financing by moving away from the outdated practices in lending and risk management to support the country’s exporters to break into new export markets while venturing into ne

A memorandum of understanding (MoU) was signed on Sunday for Sri Lanka’s first cable car project, which is to be set up in Nuwara Eliya, targeting both local and foreign tourists.

Sri Lanka’s imports, supported by lower vehicle and gold imports, continued to decline while exports largely recovered from its recent decline to see the island nation’s trade deficit narrowing in August, the trade data released by the Central Ba

All 35 presidential candidates need to address the ageing time bomb, which is facing Sri Lanka today.