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.

RIYADH (AFP) - Saudi Arabia said yesterday it will offer tourist visas for the first time, opening up the ultra-conservative kingdom to holidaymakers as part of a push to diversify its economy away from oil.

England (Reuters) - The Bank of England may need to cut interest rates in the likely scenario that high levels of uncertainty over Brexit persist, policymaker Michael Saunders said yesterday in the first

HONG KONG (AFP) - Asian markets fell yesterday following declines on Wall Street as the impeachment inquiry into President Donald Trump weighed on sentiment. Political turmoil in Washington following the release of a whistleblower’s complaint overs

ISTANBUL (AFP) - Turkey’s tourism minister said yesterday he was unconcerned by the collapse of British tour operator Thomas Cook as he unveiled ambitious plans to make the country one of the world’s top holiday destinations. “Nobody should be

(Colombo) REUTERS: Sri Lankan shares ended down yesterday, snapping two straight gaining sessions to record their second weekly fall, while the rupee was little changed as inward remittances offset dollar demand from banks. The index rose for the pa

SINGAPORE (Reuters) - Key oil freight rates from the Middle East to Asia rocketed as much as 28 percent yesterday in a global oil shipping market spooked by United States sanctions on units of Chinese giant COSCO for alleged involvement in ferrying c

The need to build more Sri Lankan brands and taking them to international market successfully was asserted this week, as challenges continue to mount with the country looking to shift its attention towards being

(Gaydon, UK) REUTERS: Britain’s biggest carmaker, Jaguar Land Rover, will close its British factories for a week in November to cope with Brexit, its boss said yesterday, a plan automakers are adopting to help prepare for any disruption resulting f

(Washington) AFP: The International Monetary Fund on Wednesday formally selected Kristalina Georgieva of Bulgaria to be only the second woman ever to lead the 189-member institution. The selection had been all but guaranteed after the global crisis l

(Colombo) REUTERS : Sri Lanka’s ruling party yesterday nominated its Deputy Leader, Sajith Premadasa, to run in a presidential election on Nov. 16, a move that appeared intended to win over Buddhist-majority voters.

(Colombo) REUTERS: Sri Lankan shares rose for a second session yesterday as banks and diversified stocks continued their rally after the Central Bank asked lenders to cut interest rates, while the rupee closed weaker.

Bank of Ceylon’s (BOC) Thurunudiriya loan scheme has assisted to-date 1, 000 young entrepreneurs across the island disbursing more than Rs.410 million by end of September. This was reporte

Home Lands Skyline, the residential development arm of Home Lands Group has invested Rs.364 million in an up-market property of 6.5 acres in Malabe in Chandrika Kumarathunga Mawatha.