WASHINGTON (AFP) - The US Justice Department announced Thursday the indictment of members of “an extremely sophisticated” Chinese hacking group that allegedly stole the personal information of more than 78 million

Hoteliers, travel management companies (TMCs) and airlines plan to finalise special promotional tour packages by next Wednesday, which are to be offered to tourists in the aftermath of the Easter Sunday bombings, which led to a 60 percent decline in

A leading good governance advocate and minority shareholder activist in the country recently called on the Central Bank and the Securities and Exchange Commission (SEC) to intervene to protect the interests of public and minority shareholders, as cer

REUTERS: Sri Lanka has suspended flight training near its biggest air force base due to security concerns after suspected Islamist militants killed more than 250 people last month, according to a government directive seen by Reuters yesterday.

Nestle Lanka PLC, the local unit of the world’s largest food company, reported lower earnings for the quarter ended March 31, 2019 (1Q19) amid a sluggish economy and significant shift in consumer behaviour.

(Colombo) REUTERS: Sri Lankan shares extended falls into a sixth session yesterday and closed at their lowest levels in six-and-a-half years, due to shattered investor confidence after the Easter Sunday bombings.

AquaVault and FlexSafe are now available in Sri Lanka, exclusively from Nimo and Company (Pvt.) Ltd, necessitating all travel protection needs.

A strong and unified leadership remains paramount for Sri Lanka in the aftermath of the Easter Sunday bombings to address the security concerns of investors and to revive the island nation’s economy, according to former US Ambassador to Sri Lanka R

The Sri Lanka Tourism Promotion Bureau (SLTPB) said it is hosting a group of famed international social media influences, who arrived in the country on May 7, to promote the country’s battered tourism sector by the Easter Sunday attacks.

Lanka IOC (LIOC) swung to a profit during the three months ended March 31, 2019 (4Q19) as the local unit of the Indian downstream oil behemoth managed to survive a financial year marked by multiple headwinds.

The Russian national air carrier Aeroflot has decided to cancel all flights made by its Rossiya affiliate from Moscow to Colombo, the Association of Tour Operators of Russia (ATOR) said. The last flight will be on May 11.

(Colombo) AFP: A US official wounded in Sri Lanka’s Easter Sunday suicide bombings has died in hospital, raising to 258 the total number killed, including 45 foreigners, officials said yesterday.

Sri Lanka’s tourism authorities plan to sponsor more international MICE events (meetings, incentives, conferences and exhibitions) to be held in Sri Lanka to support the recovery of the country’s tourism sector in the aftermath of the Easter Sund

(Colombo) REUTERS: Sri Lankan shares extended falls into a fifth session yesterday and closed at their lowest levels in six-and-a-half years on shattered investor confidence following the Easter Sunday bombings.

The biggest challenge businesses face now is staying relevant. The world is changing faster than ever before and computer technology and Internet have been the key drivers behind this rapid change. It is only now in the human history we are hearing o

(Frankfurt) AFP: Germany’s second-largest lender Commerzbank said yesterday it was sticking to a full-year forecasts for 2019 even as profits halved in the first quarter, after merger talks with rival Deutsche Bank fell through.

The library of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) heralded a new era in digital transformation last week, as it launched its e-Library for the benefit of its vast membership.

DFCC Bank concluded its rights issue recently with subscriptions reaching over 43 percent of the total Rs. 7.6 billion on offer.

The Global Banking and Finance Review Awards honour institutions that stand out in their particular area of expertise in the finance industry.

(London) REUTERS: Standard Chartered could face a shareholder rebellion yesterday over the bank’s pay plans for senior executives, the latest in a series of potential revolts over bosses pension payouts at top British firms.

DFCC Bank is proud to forge a corporate partnership with The Management Club (TMC) as Official Banking Partner for a period of three years from April 1, 2019 to March 31, 2022.

(Hong Kong) REUTERS: A red wave swept across Asia trading floors yesterday as investors grew increasingly concerned that the China-US trade deal, which appeared all but ready to sign, could fall through.

Polycrome Electrical Industries (Pvt.) Ltd, one of the leading manufacturers in the electrical industry, was the centre of attraction at the ‘Build SL Housing and Construction Expo 2019’ exhibition held at BMICH, organised by Chamber of Construct

Samsung Sri Lanka recently announced the launch of the Galaxy A70, its sixth smartphone in the popular Galaxy A line.

Avian Technologies (Pvt.) Ltd, one of Sri Lanka’s leading total IT solutions providers and a recognised Dell EMC Platinum Partner, hosted a night of celebrations at Water’s Edge, Colombo, for their Dell corporate clients to commemorate the signif

By the time of 4/21 events, Sri Lanka’s fashion industry was about to undergo a paradigm shift. Normalcy and the growth economy that prevailed in the decade long post-conflict period have worked well for this crucial niche industry segment. Colombo

With President Trump threatening additional tariffs, the tit-for-tat tariffs already in place are complicating business decisions and causing long-term damage for soybean farmers, warns Stephen Olson.

Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, recently announced it continues to lead the way on training and education in the company’s ongoing efforts to close the cyber security skill gap by rolling out ev

Omani Oil and Gas Minister Dr. Mohammed Hamed Al Rumhy has reiterated Oman Oil Company’s firm interest to take part in the Hambantota oil refinery project which was announced this March. This was communicated to ministers Malik Sam

Union Bank of Colombo PLC pulled off some modest performance for the first quarter in 2019 amid lackluster economic conditions, the interim financial accounts released to the Colombo Stock Exchange showed yesterday.