Sri Lanka’s inflation as measured by the Colombo Consumer Price Index (CCPI) recorded a sharp increase in September from a year ago, as the prices of food items rose notably while the base effects too contributed adversely.

(London) REUTERS: The European Investment Bank on Tuesday kicked off the first major bond sale linked to the euro zone’s new market interest rate ESTR, investment banks managing the deal said. The deal from the EIB, the Euro

(Colombo) REUTERS: Sri Lanka’s rupee closed weaker yesterday, following continued demand from importers and banks, while equities ended lower for the third straight session. The rupee ended 0.11 percent weaker at 182.20/40 per dollar compared to Mo

Janashakthi PLC, the investment arm of Schaffter family, yesterday said its director board gave approval to amalgamate with its subsidiary, Dunamis Capital PLC, subject to shareholder approval.

(Colombo) REUTERS: A court in Sri Lanka set up a three-judge panel yesterday to hear a petition challenging the citizenship of presidential nominee Gotabaya Rajapaksa, which could disqualify the hardline former defence chief from the November 16 vote

The Central Bank yesterday disputed Moody’s Investors Service’s claim that the recently announced lending rate cut was credit negative for banks and said the rating agency had not taken into account the complete information set to arrive at its c

Although global value chains (GVCs) have offered developing countries with opportunities to integrate into the global economy, the delays in the World Trade Organisation’s (WTO) reform agenda have hindered the wider participation of small and devel

While affirming Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B’ with a Stable outlook, Fitch Ratings warned of policy slippage risks and resurfacing of political tensions closer to the elections, amid an expanded budge

As the Fourth Industrial Revolution (4IR) is set to disrupt Sri Lanka’s major business sectors, including the apparel industry over the next five-year period, a leading academic asserted that formulation of a roadmap to face the disruptions from th

Sri Lanka’s oldest and leading underwater services and salvage company, Master Divers (Pvt.) Ltd, plans to venture into bonded warehousing and other logistics services during the next five years, aiming to offer more turnkey and value-added service

Disruption and innovation are closely interlinked phenomena, which are coalescing at this critical juncture in time when the established world order is becoming increasingly under strain and unpredictable. It is therefore essential that Sri Lankan le

Much has been talked about and discussed about Sri Lanka’s tourism boom and the impending human resource shortfall that the industry will have to face.

Former Army Commander General Mahesh Senanayake was yesterday named as the Presidential Candidate of the National People’s Movement and People’s Forum Organization.

Hayleys PLC showed exemplary corporate leadership by investing over Rs.2.3 billion across the group, following the tragic events of Easter Sunday, reiterating the confidence in the country’s potential.

Economist Deshal de Mel has rejoined the Sampath Bank PLC board as an Independent Non-Executive Director, with effect from September 26, 2019. Deshal served Sampath Bank as a Director from 2012 to 2017, before joining the Finance Ministry as an Econo

The Central Bank’s move to slap the lending rate caps on the licensed commercial banks (LCBs) will further strain the profitability of Sri Lanka’s banking sector, which is already hit by the rising credit costs and higher effective tax rate, Mood

More than 200 poultry fowls had been killed when a lorry transporting them along the Minneriya - Hingurakgoda Main Road veered off the road and toppled near the Kothalawala Junction last morning (29).

The Government will take responsibility for the deaths of seven female elephants found dead in the Hiriwadunna Thumbaikulam Reserve in Habarana, State Minister of Wildlife Ranjith Aluvihare said.

Presidential candidate of Sri Lanka Podujana Peramuna (SLPP) Gotabaya Rajapaksa said he had a vision and mission to uplift people engulfed in poverty and resuscitate the economy which is now in tatters. Addressing the special convention of Lanka Sa

Senior Vice President of Sri Lanka Freedom Party (SLFP) MP Nimal Siripala de Silva said whatever his party decides, his support will be for Sri Lanka Podujana Peramuna(SLPP)’s presidential candidate Gotabaya Rajapaksa. He made this remark the day b

President Maithripala Sirisena asserted yesterday that his Sri Lanka Freedom Party (SLFP) would team up with Sri Lanka Podujana Peramuna (SLPP) in view of the presidential election only if it agreed to contest under a common symbol. However, SLPP

The World Bank (WB) has advised Sri Lanka to prioritise investing in human capital, as the country’s progression to higher-income status would require a more developed human resource pool,

A petition will be filed in the Supreme Court shortly seeking a Stay Order preventing SLPP Presidential Candidate Gotabaya Rajapaksa from contesting at the November 16 Presidential Election, Minister Ra

President Maithripala Sirisena said over the weekend that he was not ready to retire from politics and that he would open a new chapter after December.

A female Brazilian tourist who attempted to smuggle in a stock Cocaine worth over Rs.10 million by swallowing it was nabbed by the Customs officials at the Bandaranaike International Airport (BIA) on Saturday morning.

The shareholders of Morison PLC approved the delisting of its voting and non-voting shares from the Colombo Stock Exchange, by way of a special resolution, having over 75 percent shareholders present and voting at the Extraordinary General Meeting of

AFP: Dubai, a city defined by its glittering towers and man-made islands, is stuck in a five-year property downturn with no end in sight, drawing warnings of an industry reckoning that will see weaker players fail.

UNP leader Prime Minister Ranil Wickremesinghe said it was important to ensure the victory of presidential candidate Sajith Premadasa as the next step to enact the new constitution. Addressing a meeting with civil society leaders at Temple Trees yes

All organisers of the United National Party had been called for a meeting at the party headquarters Sirikotha today, sources said yesterday.

The registration of the Democratic National Alliance (DNA) under the leadership of the United National Party (UNP) has been postponed until after the Presidential Election to be concluded on November 16, Daily Mirror learns.