Unilever Sri Lanka together with the United Nations Global Compact (UNGC) Sri Lanka and United Nations Development Programme (UNDP) convened the second Annual Private-Public Partnership (PPP) Forum in Colombo recently. 

Tourist arrivals grew only 2.8 percent to 149, 087 in September, the lowest growth recorded so far this year, amid a sizeable drop in tourists from Middle East, the data released by the Sri Lanka Tourism Development Authority (SLTDA) showed.

The Ceylon Motor Traders Association (CMTA), an industry Association consisting of local agents for global automotive manufacturers, yesterday proposed to the government to implement a scheme to re

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

Laugfs Gas, a pioneer in Sri Lanka’s power and energy sector, is set to open its LPG storage complex established at the Hambantota port for commercial operations this November.

The government has allocated little over Rs.2,057 billion for debt servicing in 2019—the highest amount allocated from a budget in the history of Sri Lanka.

Sri Lanka may go for an International Sovereign Bond (ISB) issue before the end of this year on top of the plans to raise US $ 500 million through Panda and Samurai bonds.

(Colombo) REUTERS: The Sri Lankan rupee hit a fresh low yesterday due to dollar demand from importers and foreign banks amid outflows from 

Three LOLC group companies have decided to pull out their shares from the Colombo Stock Exchange (CSE) as they failed to meet the minimum public holding requirement.

Sampath Bank PLC yesterday said it decided to suspend its planned dollar bond issue quoted in the Singapore Exchange as the unfriendly international capital market conditions have prompted the issuer to rethink about the timing of the issue. &nb

Sri Lanka’s snail-paced efforts towards reforms in the maritime and logistics space was frowned upon by the Europe Union (EU) yesterday, pointing out that “the time is ripe to accelerate structural and regulatory reform” in the isla

The growth in bank credit accelerated in August despite the tight credit and money conditions and rising non-performing loans in the  banking sector. 

Plantation Industries Minister Navin Dissanayake has called for a joint marketing strategy to promote Sri Lanka or the Ceylon brand to market the country’s exports and tourism products, pointing out that the individual marketing campaigns are l

John Keells Holdings PLC (JKH) yesterday announced the appointment of Dr. Radhika Coomaraswamy to its board as an Independent Non-Executive Director with effect from October  1, 2018.

The regional plantation companies (RPC) and plantation trade unions are in deadlock over the terms for a fresh collective agreement on wages, as the trade unions haven’t agreed to the offer made by the RPCs.

(Colombo) REUTERS: The Sri Lankan rupee closed firmer yesterday, further recovering from a record low touched last week as banks sold dollars ahead of the Central Bank’s monetary policy meeting while shares fell for a third straight session to

(London) REUTERS: Brent crude oil hovered close to its highest since November 2014 yesterday, supported by supply concerns before the US sanctions against Iran come into force next month.

MTD Walkers PLC last Friday said it had obtained consent from the majority debenture holders to delay the redemption of their debentures by a year, with a promise to offer an additional 2 percent interest.

Fuel prices-led transport and other non-food items continued to nudge the prices in Colombo higher in September, but increased supplies in vegetables and coconut kept overall prices under check moderating the month’s inflation. 

(Colombo) REUTERS: Sri Lanka’s Central Bank is expected to raise its key interest rates tomorrow, a Reuters poll showed, to prop up the rupee amid foreign outflows from government bonds and after the U.S. Federal Reserve raised rates earlier th

The government last Saturday imposed a series of temporary measures to cut consumption imports drastically with a view of fending off the pressure on rupee, which has depreciated over 10 percent so far this year against the US dollar.   

Regional Plantation Companies (RPCs) last week blamed the government’s ad-hoc policy decision for low productivity of their plantations, which is adding to the financial woes of the already reeling 

BRUSSELS (AFP) - Ryanair cancelled scores of European flights yesterday as unions staged what they warned could be the biggest strike in the airline’s history. The Dublin-based carrier has played down fears of widespread disruption but confirme

NEW DELHI (AFP) -  An Indian coffee shop chain rhyming with Starbucks and with a similar logo has agreed to change its name after being sued by the US giant, the Indian firm said yesterday.

BEIJING (AFP) - The former deputy head of China’s top securities regulator was handed an 18-year prison sentence for taking bribes and insider trading yesterday.  Yao Gang, former vice chairman of the China Securities Regulato

WASHINGTON (AFP) - The US Securities and Exchange Commission on Thursday charged Tesla CEO Elon Musk with securities fraud, alleging he misled investors last month in tweets about taki

SYDNEY (AFP) - Tech billionaire Mike Cannon-Brookes has bought a Sydney waterfront mansion for a reported Aus$100 million (US$72 million), media said Thursday, eclipsing th

Fitch Ratings Lanka Limited has assigned Serendib Finance Limited a national long-term rating of ‘A+(lka)’. The Outlook is Stable.   Serendib’s rating is driven by Fitch’s view that support would be forthcoming from

HONG KONG (AFP) - Asian markets rose yesterday, tracking a rally on Wall Street where investors were buoyed by the Federal Reserve’s positive outlook for the US economy, and oil added to gains with predictions it could be headed back to US $100

The Central Bank is in negotiation with a new foreign investor to restructure the troubled ETI Finance Limited (ETIFL) who may invest up to US $75 million in the troubled finance company, Mirror Business learns.