The Sri Lanka Retailers’ Association (SLRA), with a vision of ‘Achieving Retail Excellence’ will hold the nation’s premier retail sector knowledge event – Sri Lanka Retail Forum (SLRF) 2018

Flemingo Duty Free, Cargills Bank and Supreme Paysez recently signed a strategic partnership agreement to roll out the Alipay mobile payment gateway at Bandaranaike International Air

Softlogic Holdings PLC plans to open two more new Délifrance outlets including a bakery by mid next year with the aim to popularise the brand in the Sri Lankan market, contemplating future expan

London (REUTERS): Sri Lanka plans to put two state-owned hotel companies up for sale within the next six months in a sale that could raise US $ 500 million for the island nation as it seeks to bolster its finances, the finance minister said on Tuesda

Jetwing Group Chairman Hiran Cooray recently urged the Colombo city hoteliers to be united to increase the minimum hotel room rates in Colombo, as the room rates were getting depressed.  

(Nusa Dua, Indonesia) REUTERS: The International Monetary Fund this week cut its global economic growth forecasts for 2018 and 2019, saying that trade policy tensions and the imposition of import tariffs were taking a toll on commerce while emerging

(London) REUTERS: Sri Lanka, Armenia and Pakistan top the list of smaller emerging economies most vulnerable to refinancing risks, because they face a combination of large upcoming repayments and low foreign currency reserves, ratings agency Moody&rs

Fitch Ratings does not see the government raising electricity tariffs in the foreseeable future, but expects power generation costs to remain high in the next couple of years amid rising 

(Colombo) REUTERS:  The Sri Lankan rupee hit a record low for a fifth straight session yesterday on strong dollar demand from importers and foreign banks amid outflows from government securities, while stocks snapped a four-day winning streak an

Worker remittance to Sri Lanka continued its declining streak as Sri Lanka’s largest foreign income earner and one of the two current account stabilisers is facing the crucial test of rebalancing socio econom

Sri Lanka’s unemployment rose to 4.6 percent in the second quarter of 2018 (2Q18) amid a fall of employment in the country’s agriculture and industries sector, the data released by the Department of Census and Statistics showed. 

The government at the moment is putting final touches to a law covering microfinance, to save the borrowers from exorbitant and unnecessary charges and other malpractices, Finance and Mass Media Minister Mangala Samaraweera said yesterday.  &nbs

Sri Lanka’s merchandize trade deficit continued to expand as the fuel bill rose significantly amid increasing world oil prices and the import of personal vehicles, which more than doubled in July.    

The vilification of oil palm in Sri Lanka on the grounds of the crop’s purported adverse impact on the environment is completely unjustifiable, given that the extent of land under oil palm is just 1.1 percent of the extent under traditional cro

(Colombo) REUTERS: The Sri Lankan rupee hit a record low for a fourth straight session yesterday due to dollar demand from importers and foreign banks amid outflows from government securities, while stocks rose for a fourth consecutive session to a m

Sri Lanka’s banking sector asset quality fell to a new low in August after the non-performing loans increased, providing clear evidence that businesses and consumers continue to struggle in servicing t

Sri Lanka held on to the 16th best connected trading nation to others by sea status in 2018, according to the United Nations Conference on Trade and Development (UNCTAD)’s latest

The recent price controls slapped on bottled water could lower the quality of the water being sold at the market place and limit the choice the customers previously had, Advocata, a Colombo-based think tank that promotes free market ideas said in a s

Sri Lanka and Bangladesh have finalised the much awaited Coastal Shipping Agreement, and it will be signed shortly, Development Strategies and International Trade Minister Malik Samarawickrama told a recent forum in Colombo.  The agreement will

Development Strategies and International Trade Minister Malik Samarawickrama yesterday in statement averred that the now scrapped Cabinet Committee on Economic Management (CCEM) headed by Prime Minister Ranil Wickremesinghe was “thoroughly a co

Real estate consultancy JLL Lanka this week commended the passing of the recent legislation pertaining to foreign ownership of land in Sri Lanka, noting that the move will

ISLAMABAD (AFP) - The International Monetary Fund has called on Pakistan’s new government to act fast to stabilise its teetering economy, warning growth will likely slow and inflation rise, but made no mention of a new bailout deal.

MANILA (AFP) - Philippine inflation jumped to an almost 10-year high in September, data showed yesterday, putting pressure on President Rodrigo Duterte to act as the cost of food and fuel hit the country’s poor in the pocket.

Despite playing a huge role in the country’s economy, Sri Lankan entrepreneurs and SMEs are struggling to advance their business capacities due to lack of skills and relevant business education. 

COLOMBO (Reuters) - The Sri Lankan rupee hit a record low for a third straight session yesterday due to dollar demand from importers and foreign banks amid outflows from govern

SriLankan has achieved the remarkable feat of being named the world’s most punctual airline in the month of September 2018 in the key categories of ‘Global Airlines’ and ‘Major Airlines’, by the flight data analysis comp

THE HAGUE (AFP) - Anglo-Dutch consumer giant Unilever, maker of iconic products like Marmite, yesterday ditched its post-Brexit plan to move its main headquarters from London to Rotterdam after a revolt by shareholders.

TOKYO (AFP) -  Japanese car giant Toyota said yesterday it is recalling more than 2.4 million hybrid cars over a fault that could cause crashes, just a month after another recall affecting hybrids.

Diversified conglomerate, Melstacorp PLC could be looking to acquire targets as the group sits on a large cash pile while generating a robust free cash flow, and its current debt stays conveniently serviceable, says Fitch Ratings.  

The Government of Qatar will soon be simplifying the migrant work visa application process that will expedite the visa processing for Sri Lankan migrant workers.  This service, which will first be introduced in Sri Lanka and then rolled out in o