GENEVA (AFP) - The number of people travelling by air should double to 8.2 billion a year by 2037, with Asia and the Pacific leading the way, sector federation IATA forecast this week. Protectionist measures could nonetheless curb the surge, The Inte

Land prices in Sri Lanka’s capital, Colombo district have risen by a sharp 16.3 percent during the first half of 2018 from the same period in 2017 with the biggest increase seen in the commercial land of the region.  The Land Price Index m

NEW YORK (AFP) - New York state sued Exxon Mobil on Wednesday, alleging it defrauded investors by misrepresenting the costs that climate change legislation poses to the company.

COLOMBO (Reuters) - The Sri Lankan rupee closed yesterday near a record low hit earlier this week as banks and importers purchased the dollar, while stocks closed flat with higher tu

‘So Sri Lanka’ will become Sri Lanka’s new tourism tagline from November 5, replacing ‘Wonder of Asia’, Mirror Business reliably learns. Sources close to developing the tagline s

President Maithripala Sirisena has appointed former People’s Bank Chairman and his Chief of Staff, Hemasiri Fernando as Chairman of the Board of Investment (BOI), on Tuesday. 

Swiss International Air Lines (SWISS) in codeshare with Edelweiss Air will commence direct non-stop flights from Sri Lanka to Switzerland with effect from November 4, 2018.

Emirates SkyCargo, the air cargo unit of Dubai-based Emirates, has transported close to a quarter of Sri Lanka’s produce exported by air in 2017-18, a statement by the airline said.

Sri Lanka’s economy state minister this week said the national economy could face further volatility in the near future, as the negative spillover effects from the recent changes in the global economy wo

Former Central Bank Governor Ajith Nivard Cabraal yesterday argued that the depreciation of the rupee during the last five days has increased the repayment commitment of the recently borrowed US $ 1 billion to over US $ 1.1 billion.   

(Colombo) REUTERS: The Sri Lankan rupee hit a record low yesterday as banks and importers purchased the U.S. dollar, while stocks edge up from their nearly five-year closing low hit in the previous session.  

Sri Lankans now can sell their products to overseas customers through e-commerce platforms such as eBay.  

ICRA Lanka has revised down the outlook of Pradeshiya Sanwardena Bank to ‘Negative’ form ‘Stable’ while affirming the issuer rating at ‘A’.  

The unfinished Grand Hyatt hotel has already cost Rs.15 billion to the public as its main shareholders are the Employees’ Provident Fund (EPF), Sri Lanka Insurance and Litro Gas—all state-owned organisations accountable to people.  &

The government is in discussion with four foreign parties to build a US $ 2 billion new oil refinery in Sapugaskanda, Petroleum Resources Development Minister Arjuna Ranatunga said, yesterday.  

Sri Lanka’s Tea Smallholder Factories PLC reported a loss for quarter ended September 2018, extending the losses made from the beginning of the financial year as production and auction prices fell from a record high last year.  Tea Smallho

The Finance and Mass Media Ministry has issued a gazette opening up the Less than Container Load (LCL) clearance operations to private sector liberalising the Multi-Country Consolidation (MCC) and entrepot trade to all players effective from October

Sri Lankan banks until recently were going after fresh capital, and the capital market was inundated with a slew of debt and equity issues as the banks were trying to keep abreast with the burst in pr

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, in partnership with Ericsson—the world leader in communications technology and services—along with the Telecommunication, Digital Infrastructure and Foreign Employment Mi

HONG KONG (AFP) - Asian markets were mixed yesterday, with Shanghai bouncing back from early losses to end the week with a rally following a rare joint intervention by some of China’s t

The 18th Asia Pacific ICT Alliance (APITCA) awards 2018, which was held in Guangzhou, China from the 10th to 14th October, named DirectPay as the overall winner in the Consumer - Wealth and Retail Category and Park and Pay with a Merit Award in the

ISLAMABAD (AFP) - Pakistan’s foreign ministry announced yesterday that Prime Minister Imran Khan will attend a Saudi Arabian investment conference, despite a string of cancellations from leading policy-makers and corporate chiefs over the disap

BRUSSELS (AFP) -  German Chancellor Angela Merkel issued a rallying call for free trade yesterday as EU and Asian leaders met to unite in defiance of US President Donald Trump’s “America first” approach.

TOKYO (AFP) - The head of Toyota, who leads a group of Japanese automakers, yesterday urged Britain and the European Union to avoid a no-deal Brexit “at all costs.”

COLOMBO (REUTERS) - Sri Lanka’s September tea output fell to its lowest level for the month since 2001, industry data showed on Thursday and the State-run Tea Board warned of adverse weather conditions for the fall after a prolonged drought.&nb

The famed Northern lands where Sri Lanka’s chemical giant Paranthan Chemicals Company (PCC) stood are now earmarked for a large industry block which will also pack Sri Lanka’s first heavy chem

Finance and Mass Media Minister Mangala Samaraweera yesterday requested the media institutions not to turn a blind eye to the government’s achievements and  development activities.

Daraz, a top e-commerce platform in South Asia, which was acquired recently by China’s Alibaba, said Sri Lanka’s e-commerce industry could expand to US $ 500 million during the next five to seven years, with appropriate investments. 

The Industry and Commerce Ministry yesterday said it rejected a request to increase the prices of LP gas by the state-owned Litro Gas Lanka Limited, Sri Lanka’s largest cooking gas importer, cylinder distributor and supplier.

(Colombo) REUTERS: The Sri Lankan rupee ended weaker yesterday, near its record low, as banks and importers bought the US dollar, while stocks ended largely unchanged near a five-year closing low hit earlier in the week.