(Colombo) REUTERS: Eight Western countries stayed away from a meeting with Sri Lanka’s government yesterday to register their protest against President Maithripala Sirisena’s decision to dissolve Parliament, diplomatic and government sour

(London) REUTERS: Sri Lanka’s dollar-denominated bonds tumbled yesterday after President Maithripala Sirisena dissolved Parliament on Friday night and called a general election for January 5 in a move that will likely deepen the country’s

Premier blue chip John Keells Holdings PLC (PLC) yesterday announced plans to execute a share buyback to the tune of Rs.11.1 billion.   

Expolanka Holdings PLC returned to profits during the three months ended September 30, 2018 (2Q19), from a loss made in the corresponding quarter, last year, as a result of consistent performance of its core logistics business.   

(Colombo) REUTERS: The Sri Lankan rupee fell to a record low yesterday, as political uncertainty triggered by President Maithripala Sirisena’s decision to sack Parliament weighed on sentiment, in line with bonds, market sources said.  

The sales dropped at Sri Lanka’s monopoly cigarette player, Ceylon Tobacco PLC (CTC), during its most recent quarter, after two quarters of volume growth, with the government again hiking the taxes in August 2018, which led CTC to jack up the p

Sunshine Holdings PLC’s performance for the September quarter was hurt by the poor agri business led by tea and weak margins in the healthcare segment, due to the controlled prices imposed by the government and higher borrowing costs.  The

(Colombo) AFP: Sri Lanka’s largest party announced Saturday a legal challenge to President Maithripala Sirisena’s sacking of Parliament, a move that has plunged the Indian Ocean island nation into fresh turmoil and alarmed the internation

Diversified conglomerate Softlogic Holdings PLC said it will soon be opening its first modern supermarket outlet “with the launch of a truly global market experience” in Delkanda, a rapidly expanding suburb of Colombo. A statement by Soft

HONG KONG (AFP) - Asian markets turned lower yesterday as investors took their foot off the pedal at the end of a broadly positive week, while the dollar strengthened after the Federal Reserve flagged more interest rate hikes down the line. Energy fi

Sri Lanka may re-negotiate a free trade with Singapore for mutual benefit, after looking at an expert report and a Supreme Court ruling, newly appointed International Trade Minister Bandula Gunewardene said. “Nothing will be stopped in a fit of

SEOUL (AFP) - South Korean President Moon Jae-in sacked his top two economic officials yesterday, the government said, as the world’s 11th-largest economy struggles with slowing growth, rising unemployment and persistent income gaps. Finance Mi

LONDON (AFP) - Britain’s economy has grown at the fastest pace in nearly two years as strong exports and solid household spending offset slumping business investment, data showed yesterday awaiting a Brexit deal. Gross domestic product climbed

LISBON (AFP) - Social networks need better regulation to stop them spreading “fake news” and undermining democracy, disillusioned tech pioneers said at an industry conference that closed in Lisbon Thursday. The issue has come to the fore

COLOMBO (AFP) - The European Union joined a chorus of international voices demanding an end to Sri Lanka’s two-week-old political crisis yesterday, saying the island nation’s international reputation and investments were at risk. Presiden

WASHINGTON (AFP) - The United States this week announced sanctions against three people and nine entities over Russia’s intervention in Ukraine, including for doing business in annexed Crimea.

PARIS (AFP) - The French civil aviation authority said yesterday it had seized a Ryanair plane to get the Irish low-cost airline to repay illegal public aid, the latest in a string of troubles for the carrier.  The EU Commission in 2014 rul

NEW DELHI (AFP) - India’s government is to sell more than US$400 million worth of shares left behind by people who fled to Pakistan or China after wars with those countries.

The Tax Appeals Commission (TAC), which had been inactive for some time, has been revived, the Finance Ministry said yesterday. A Finance Ministry statement said the new Prime Minister and Minister of Finance Mahinda Rajapaksa had reappointed Justice

The Central Bank yesterday said the seventh monetary policy for this year will be announced on November 14th at 7.30 a.m. This is the first monetary policy that wo

Sri Lanka Institute of Directors (SLID) in a brief statement yesterday expressed their grave concern on the current political situation and stressed it negatively affects the country’s businesses and international reputation.  

(Colombo) REUTERS: The Sri Lankan rupee ended weaker yesterday as outflows from government securities and stocks due to political uncertainty raised dollar demand.

Hayleys group’s coconut-shell based activated carbon manufacturer, Haycarb PLC recorded improved earnings for the September quarter (2Q19) as the group was able to significantly improve its 

Cargills Bank Limited (CBL) failed to maintain its growth momentum during the quarter ended September 30, 2018 (3Q18) as growth in new loans stalled and some sizable deposits left the bank, the interim financial accounts showed.

The government is looking to revise the tariff charges upwards for the services provided at the Colombo port, Cabinet Spokesperson and Ports and Shipping Minister Mahinda Samarasinghe said.  

A hefty tax reversal on account of deferred tax asset boosted Union Assurance PLC’s bottom line for the quarter ended in September but the general business also performed better than a year earlier with both gross premiums and operating profits

(Colombo) REUTERS: The Sri Lankan rupee ended weaker yesterday as outflows from government securities and stocks due to political uncertainty raised dollar demand.

The Central Bank of Sri Lanka (CBSL) yesterday said despite the media reports on increased money printing to help finance the government’s fiscal commitments, the monetary authority is well within its projections for this year, in terms of expa

Colombo’s booming real estate market risks turning Sri Lanka’s capital city into a “ghost town” as there may not be an effective demand to satisfy the increase in supply as many developers and policymakers are reluctant to uti

The Hambantota International Port Group (HIPG) has invested further to develop Hambantota International Port’s operations. HIPG in a statement said it invested over US$ 600, 000 for the purchase of 40-foot Ro-Ro trailers with goosenecks (to all