Singer Sri Lanka PLC plunged into loss during the quarter ended March 31, 2019 (4Q19), as the sales continued to languish amid mounting borrowing costs as the consumer durables retailer appears to be mired in a prolonged web of troubles from both ins

The state-run private sector pension fund, the Employees’ Provident Fund (EPF), marked its re-entry into the Colombo Stock Exchange (CSE) last week, with the purchase of 55 million shares of Dialog Axiata PLC for a consideration of Rs.495 million,

The evolving global trade environment poses numerous opportunities and challenges to countries like Sri Lanka. In an uncertain economic environment, the impact of Brexit is a development that the private sector needs to monitor.

The Annual long - standing service Award ceremony of the MMBL - Pathfinder Group 2019 was held at the River point of the Group Headquarters in Peliyagoda recently.

The National Human Resources Development Council of Sri Lanka (NHRDC) together with The Institute of Chartered Accountants of Sri Lanka (ICASL), Chartered Institute of Personnel Management (CIPM), The International Chamber of Commerce of Sri Lanka (I

Hemas Hospitals, one of Sri Lanka’s leading hospital chains for the past decade, has again been victimized as a result of fake news being circulated among the public.

Strong gains from performance enhancing initiatives in local operations in the face of stiff market conditions and robust contributions from overseas marketing operations have generated noteworthy profit growth in 2018-19 for the Dipped Products grou

Haycarb PLC’s new pricing strategy appears to have boded well for the company since it changed tact to raise the prices of its products as it enabled them to tamp down the pressure from the rising raw material costs amid heightened competition from

After coming under fire for not acting on warnings about Easter bombings that killed more than 250 people, Sri Lankan President Maithripala Sirisena is now facing criticism over his leadership in the aftermath of the Islamist attacks.

The fallout from the recent spate of suicide bombings in Sri Lanka highlights the tension between religious freedom as a fundamental human right and national-security concerns. The country’s ban on face coverings — which admittedly impinges on re

The Easter day bombings in Sri Lanka created a sense of deep fear among the citizens; it still prevails even one month after the incidents. Even in the business sector, these acts of terror have served to create uncertainty within the marketplace. Mo

Risk-sensitive economic planning and coherence between climate and disaster risk reduction (DRR) policies are vital in building resilient societies and economies as envisioned by the Sustainable Development Goals (SDG), Sri Lanka’s Permanent Repres

NEW YORK (AFP) - Chinese coffee chain Luckin, battling to dethrone Starbucks in the Asian giant, has raised US$561 million ahead of its Wall Street listing, an IPO consulting firm said Thursday.

At Techtextil and Texprocess, the industry learns what the future will bring. These two fairs showcase the current trends in technical textile as well as planning for future production and materials.

(Colombo) REUTERS: The International Monetary Fund said on Thursday it was holding its forecast for Sri Lanka’s 2019 economic growth at 3.5 percent in spite of devastating Easter bombings, saying it was too early to assess financial damage. The Apr

There will be no Mirror Business on Monday (20th) in view of Vesak Poya holidays. The next issue will be on Tuesday.

HONG KONG (AFP) - Asian markets were mixed yesterday as another rally on Wall Street and data indicating a strong US economy were offset by the increasingly tense trade and technology stand-off between China and the United States. The Brexit saga als

REUTERS: Sri Lankan shares closed higher for a second straight session yesterday, moving further away from a near seven-year closing low hit earlier this week, as local investors bought beaten down stocks.

Sri Lanka’s apparel exporters seek government support to develop a dedicated textile industry in the country to source the required fabric base for apparel exports in order to enhance the utilisation of European Union’s (EU) GSP Plus facility. In

The recent Easter Sunday bombings and the resultant economic slowdown don’t pose a major threat to Sri Lanka’s debt refinancing capacity, according to the International Monetary Fund (IMF).

REUTERS: Sri Lankan shares rose yesterday, snapping their 10-session losing streak to recover from its lowest close in nearly seven years as investors bought beaten down shares. The rupee edged higher for the second session after four straight days

Sri Lanka’s largest ship builder, the Colombo Dockyard PLC (DOCK), saw its losses widening during the March quarter (1Q19) despite a significant increase in the company’s top line performance, the interim financial accounts released to the Colomb

The Colombo Stock Exchange (CSE) has approved in principle an application submitted by the Mahaweli Coconut Plantation Limited for the listing of its shares on CSE’s secondary Diri Savi Board. The company plans to list 33.8 million ordinary voting

The Central Bank yesterday extended the suspension on the troubled non-banking financial institution, The Finance Company PLC (TFC), to consider the business restructuring proposal submitted by the company.

The sales slowed at Sri Lanka’s monopoly cigarette player, Ceylon Tobacco PLC (CTC), during the March quarter (1Q19), as CTC had to jack up the prices of some of its products, as a result of the government hiking the taxes in two instances within a

Despite the setbacks suffered by the rest of the licensed banks, DFCC Bank PLC managed to survive some of the economic vagaries to keep its performance ticking during the quarter ended March 31, 2019, the lender’s interim financial accounts showed.

The decline in the loan book, higher impairment charges and taxes dented the March quarter (1Q19) performance of Commercial Bank (Ceylon) PLC, Sri Lanka’s largest private lender with over Rs.1.3 trillion in assets, the interim financial accounts re

The recent mob attacks carried out targeting Muslims in several parts of Sri Lanka, in the aftermath of Easter Sunday attacks, could further hinder tourist arrivals to the island nation, dashing the industry’s hopes for a faster recovery.

Swiss Ceylon Associates (Pvt.) Ltd. was founded by citizens of Sri Lanka and Switzerland who have the bond of friendship for many decades and is aiming to create a sustainable organization for the next generation of their families whom they have incl

Stafford International School, Colombo 7 yesterday categorically rejected any claim or responsibility towards the image circulating on WhatsApp and on social media platforms, claiming its teachers are posting islamophobic comments on social media.