(Colombo) AFP: A series of eight devastating bomb blasts ripped through high-end hotels and churches holding Easter services in Sri Lanka yesterday, killing at least 207 people, including dozens of foreigners. Prime Minister Ranil Wickremesinghe co

Sri Lanka’s trade deficit slumped to US $ 617 million in January, from US $ 701 million recorded in the same month in 2018, as the country’s import bill declined significantly while recording a modest growth in exports.

Finance Minister Mangala Samaraweera shared Sri Lanka’s experience in inclusive growth, at the Ministerial Financial Dialogue at the UN Economic and Social Council (ECOSOC) Financing for Development (FfD) Forum, in New York.

Sri Lanka’s Export Development Board (EDB) warns that the looming Sri Lanka Ports Authority’s (SLPA) arbitrary tariff hike is likely to hamper the country’s export targets and the current export growth momentum, while potentially jeopardising t

The member exporters of the National Chamber of Exporters (NCE), which is the only private sector chamber that exclusively serves Sri Lankan exporters, have expressed their concerns regarding the university undergraduates’ regular street protests.

(Sydney/Tokyo) REUTERS: Japan’s Nippon Paint Holdings Co Ltd has proposed buying Australia’s biggest paint maker DuluxGroup Ltd for A$ 3.8 billion (US $ 2.7 billion), expanding its global footprint though entering Australia just as a housing boom

Sri Lanka has the potential to achieve US $ 6 billion in apparel exports in 2020 by capitalising on automation to get premium prices for the country’s apparel exports with high-quality apparels.

Mangala Yapa has been appointed as the new Chairman of the Board of Investment by President Maithripala Sirisena. Yapa assumed duties as the 22nd Chairman of the country’s apex investment promotion authority, following an earlier stint as a member

The Ministry of Science, Technology and Research is to kick off a four-year National Entrepreneurship and Innovation Strategy in Kuliyapitiya this June, with the objective of increasing high tech ex

Ports, Shipping and Southern Development Minister Sagala Ratnayaka announced that Sri Lanka Ports Authority (SLPA) was in the process of purchasing three Ship to Shore (STS) cranes in view of the Jaya Container Terminal (JCT) 5 expansion. “I am gl

The Central Bank of Sri Lanka, with support from International Finance Corporation (IFC) and the United Nations Development Program (UNDP) recently launched the Sustainable Finance Roadmap for the financial sector t

Full loan exposure to the beleaguered construction group, MTD Walkers PLC by all lenders, will be classified as non-performing, and provisions will also be made against the outstanding value of those loans, with immediate effect. In a rather unusua

Mirror Business will not be published on April 13, 14, 15 and 16 due to Avurudu holidays. The next issue will be on April 17.

The World Bank (WB) says that the performance of Sri Lanka’s State-owned firms can be improved by replacing various subsidy schemes with a guaranteed minimum income for poor people in the country, which would also empow

REUTERS: The Sri Lankan rupee closed slightly firmer yesterday, supported by dollar inflows from remittances ahead of the traditional New Year, while stocks ended lower due to foreign outflows in moderate trade.

Although the growth in emerging markets and developing economies is expected to stabilise around 5 percent, the International Monetary Fund (IMF) this week warned that the materialising of any of the key global risks could derail the growth of these

In what appears to be a desperate and last-ditch attempt to stimulate a hobbling economy, the lawmakers and Central Bank are coming up with a highly interventionist-styled policy package recommended by a prime minister-appointed working committee to

People’s Bank signed a landmark US $ 200 million, eight-year bilateral funding facility with China Development Bank, one of the largest ever and longest tenure funding facilities secured by any commercial bank in Sri Lanka.

Uber introduces several security measures to ensure the safety of its driver partners in Sri Lanka, amid an increase in reports of attacks on the driver partners of the taxi-hailing apps in the country.

(Colombo) REUTERS: The Sri Lankan rupee ended stronger yesterday as dollar inflows from remittances ahead of the traditional new year provided support, while stocks closed steady in dull trade.

The Cabinet of Ministers on Tuesday approved a proposal presented by Finance Minister Mangala Samaraweera to amend the bill drafted to change the legal status of the Colombo Stock Exchange (CSE).

A year ago, economic activity was accelerating in almost all regions of the world. One year later, much has changed. The escalation of US–China trade tensions, needed credit tightening in China, macroeconomic stress in Argentina and Turkey, disrupt

When I first joined a banking institute, couple of decades ago life was very much less complicated. Despite the load of responsibilities, we enjoyed the freedom as my workplace had a human face with connections at its heart.

Traffic is a much talked of subject in Colombo with inescapable congestion causing slower speeds, longer trip times and increased vehicular queuing.

Sri Lanka’s tourism earnings grew by 5.9 percent Year-on-Year (YoY) to US$ 1.39 billion in the first quarter of the year, according to Central Bank (CB) estimates. The growth in tourist arrivals averaged to 4.6 percent in the first quarter with 740

REUTERS - U.S. President Donald Trump said yesterday the United States would impose tariffs on US$ 11 billion worth of European Union products, heightening tensions over a long-running transatlantic aircraft subsidy dispute that threatens to become a

Sri Lanka’s prominent economic think-tank, the Institute of Policy Studies (IPS), asserted that the island nation should invest much of its focus on the implementing action plans, so that it fulfills the aspired goals and get on par with its fast g

REUTERS: The Sri Lankan rupee ended weaker yesterday due to importer dollar demand, but market sources said remittances ahead of the traditional new year will help boost the currency, while stocks extended losses into a third session. After the mar

Sri Lanka Telecom (SLT) is planning to double its PEO TV subscriber base to one million in two years with the integration of over-the-top (OTT) services and IPTV experiences through the recently launched PEOTV GO application a

PARIS (AFP) - Energy giant Saudi Aramco yesterday raised the size of a bond issue aimed at helping to diversify the Saudi economy to US$12 billion from an initial US $10 billion target following heavy demand, a source close to the operation told AFP.