The political leadership and Ceylon Electricity Board (CEB) are to be blamed for Sri Lanka’s current power crisis where no major power plant has been commissioned or commenced constructions since Norochch

Lakmini Wijesundera, Co-founder and CEO of IronOne Technologies and BoardPAC in Sri Lanka was chosen as the ‘SAARC Woman Entrepreneur of the Year 2018’ from a pool of exemplary women entrepreneurs in the South Asian region recently. Aspiring to c

For the first time in South Asia, Dialog Axiata PLC has successfully demonstrated a fully standard based 5G mobile service, integrating 5G network infrastructure with a mobile 5G device. Dialog leveraged its Huawei RAN and core network with the most

Basic food prices eased and non-food prices rose in March, nudging the Colombo Consumer Price Index (CCPI) up 4.3 percent during March from a year ago, from 4.0 percent in February. The CCPI is the closely watched gauge for pric

The Kottawa-Makumbura Multimodal Transport Centre – the first of its kind in Sri Lanka providing seamless access for passengers to connect among transport modes, is to be declared open tomorrow (March 31) by President Maithripala Sirisena, with the

‘Vyawasaya – 2019’ marketing and educational exhibition organized by the Small Enterprises Development (SED) division of Ministry of National Policies, Economic Affairs, Resettlement & Rehabilitation, Northern Province Development, Vocational T

(Colombo) AFP: Sri Lanka’s State energy provider sought divine intervention Thursday to break a crippling power shortage, dispatching envoys to the country’s North to offer holy water to a tree sacred to Buddhists.

REUTERS - The Sri Lankan rupee closed 0.4 percent stronger yesterday as dollar inflows from inward remittances ahead of the traditional new year celebrations helped bolster the local currency, market sources said, while stocks ended firmer. The curr

BERLIN (AFP) - Shares in tourism operator TUI plunged yesterday after it lowered its annual targets with all 15 of its Boeing 737 MAX aircraft grounded following two crashes involving the same model.

The National Chamber of Exporters (NCE), which is the only private sector chamber that exclusively serves Sri Lankan exporters, has expressed grave concern over the adverse effects the current power crisis has on the ex

(New Delhi/Colombo) REUTERS: An agreement to build a proposed US$3.85 billion oil refinery in Sri Lanka will take at least a year to be finalized as its main investor, India’s Accord Group, says it is yet to recruit partners and conduct an assessme

Meanwhile, Sri Lanka’s Board of Investment (BOI) yesterday said all Foreign Direct Investment (FDI) brought into Sri Lanka is channeled through a proper banking system as per the foreign exchange regulations in Sri Lanka.

Sri Lanka’s Petroleum Resources Development Secretariat (PRDS) is planning to call bids for the first major licensing round early next year since 2013, for exploration and development work in the remaining blocks in Mannar and Cauvery basins after

Sri Lanka has attracted investor interest for the exploration and development work in M2 block of Mannar Basin and several blocks in the Cauvery basin. The Petroleum Resources Development Secretariat (PRDS) earlier this year called for international

Transparency International Sri Lanka (TISL) this week said the controversy surrounding the proposed US $ 3.85 billion oil refinery in Mirijjawila, Hambantota, could have a negative impact on Sri Lanka’s efforts to remove itself from

REUTERS - The Sri Lankan rupee closed stronger yesterday due to dollar inflows from inward remittances ahead of the traditional New Year celebrations, market sources said, while stocks snapped an eight-session losing streak to end higher. The curren

(San Francisco) AFP: Monsanto has been ordered to pay some US $80 million to an American retiree who blames his cancer on the agribusiness giant’s weedkiller Roundup, in a case that could influence the outcome of thousands more like it. A San Franc

The findings of a recent research carried out by a global professional body anticipate that 65 percent of today’s primary school children will engage in jobs that do not exist today and, 370 million people will need to change their present skills b

More than 500 businesses in Sri Lanka and Bangladesh are being supported to report on their sustainability impacts following the launch of new guidance. ​Global Reporting Initiative (GRI) has provided technical input to guides produced by the Dhaka

Development Strategies and International Trade Minister Malik Samarawickrama, MP Kumara Welgama and former Eastern Province Chief Minister and current National Apprentice and Industrial Training Authority Chairman Nazir Ahamed seen yesterday at the l

The Vehicle Importers Association of Lanka (VIAL) claims that several officials at Sri Lanka Customs (SLC) are attempting to jeopardise the government’s revenue target to collect Rs.48 billion as revenue from vehicle duties by arbitrarily classifyi

Hemas Pharmaceuticals and Hemas Logistics and Maritime Cluster Managing Director Kasturi Chellaraja Wilson has been recognised by Sri Lanka Parliament as a Women Change Maker in Sri Lanka in the Business Category.

SriLankan Airlines, one of the first carriers to fly to Tokyo’s Narita International Airport, is celebrating 35 years of flying to Narita by increasing its number of frequencies up to five per week, with Sri Lanka growing rapidly in popularity as a

Banks may like to raise more capital from their stock holders citing constantly updated regulatory requirements and to fund their ambitious growth plans but at a return as little as 10 or 11 percent, not many will be willing to risk their money.

The government of Germany has agreed to provide 11 million euros as a grant to build a German Technical Training Centre in Matara, to provide state-of-the-art training opportunities to the youth in the southern part of Sri Lanka.

India’s leading auto manufacturer Mahindra & Mahindra Ltd and Sri Lanka’s Ideal Group (Pvt.) Ltd will this June commence operations of its US $ 50 million vehicle assembly plant located in Horana, targeting the Sri Lankan market and future export

The Minister of Development Strategies and International Trade, Malik Samarawickrama will visit China next month to hold ministerial level discussions to resume negotiations in connection to the proposed Sri Lanka-China FTA. Speaking to Mirror Busine

Of late, there has been much debate and concern voiced about tourists standing at the doorways of trains and even hanging out, while the train is moving. Some pictures of a young couple hanging out of a train, while clutching on to the side rails, we

A delegation from Chengdu Association for Foreign Trade and Cooperation (CAFTEC) Chengdu, China visited the BOI and met with the Chairman Hemasiri Fernando. The delegation consisted of Chen Xia, Secretary General (CAFTEC) who was accompanied by two

REUTERS (Colombo): Sri Lanka’s State-run power firm has imposed daily power cuts for the first time in more than two years as a drought has slashed hydro-power output, highlighting the government’s failure to build new power plants, officials sa