Unilever Sri Lanka Chairman Carl Cruz and United Nations Development Programme (UNDP) Country Director Jorn Sorensen recently handed over a policy action paper for the promotion of Pub

PARIS (AFP) - The head of the OECD said yesterday that he regretted the rich nations club’s failure to predict the crisis triggered by the collapse of Lehman Brothers a decade ago

 HONG KONG (AFP) - Asian markets extended their gains yesterday on hopes for China-US trade talks, while Turkey’s lira held up after a shock hike in the country’s interest rate and a dip 

While acknowledging the delays in the government’s reform agenda, Prime Minister Ranil Wickremesinghe urged private sector backing to spur growth with enhanced coordination, and v

‘Sahasak Nimavum’, the national exhibition for inventions and innovations and competition– 2018 organized by Sri Lanka Inventors Commission opened yesterday at the Sri Lanka Exhibition and Convention Centre (SLECC). Three hundred an

Sri Lankan SMEs, a key driver of the country’s GDP are to collect a hefty packaging bonanza, the first such initiative by the State.   “Like in any other countr

LONDON (AFP) - British house prices could crash by 35 percent if the UK leaves the European Union next year without a divorce deal, Bank of England governor Mark Carney has reportedly warned.

The Sri Lanka Bureau of Foreign Employment (SLBFE) signed a Memorandum of Understanding (MoU) with Verité Research recently.  Verité Research, a

In one of the largest related party deals in the Colombo Stock Exchange, Janashakthi PLC, the investment arm of Sri Lanka’s Schaffter family controlled businesses yesterday bought 31.14 percent stake in Dunamis Capital PLC, another firm control

COLOMBO (Reuters) - The Sri Lankan rupee hit a fresh low against the dollar yesterday, but sources said the market expects the currency to recover, tracking gains in other emerging 

Sri Lanka’s manufacturing activities expanded during July by 1.1 percent over the same month in 2017 showing signs of recovering industrial activities in an economy beset by structural deficiencies. 

COLOMBO (Reuters) - Sri Lanka will stay on a path of fiscal consolidation embarked on three years ago, despite slowing economic growth, the island nation’s junior finance minister said yesterday.

The legislation for the Colombo International Financial City (CIFC) is to be presented to the parliament before end of this year, Deputy Minister of Policy Planning and Economic Development, Dr.

Sri Lanka is moving in the right direction to face the risks associated with global economic shifts, while much more remains to be done, Standard Chartered Bank Mumbai, Head of South Asia, Economics Research, Anubhuti Sahay said. Addressing the Sri L

(Colombo) REUTERS: The Sri Lankan rupee hit a fresh low yesterday before ending steady as late dollar sales by banks outpaced demand for the greenback from importers early in the day.

The Petroleum Resources Development Ministry has called for requests for qualification (RFQ) to issue new licences to import, export, supply, blend and distribute lubricants with certain barriers, under the third round of lubricant industry liberalis

Sri Lanka Tourism has upped the tourist arrival target to three million arrivals from 2.5 million this year, while eyeing four million tourist arrivals next year, as the new tourism promotional campaigns are getting off the ground.

(Colombo) REUTERS: Sri Lankan shares fell for a third straight session yesterday and marked a two-week closing low as foreign investors sold blue-chips after a research report said the country was facing risk of an exchange rate crisis.

Sri Lanka Economic Summit 2018 will be inaugurated this morning at Cinnamon Grand Colombo.

Growth in new loans by Sri Lankan banks accelerated pace during July from a month ago as the lenders try to beat to odds of the tight economy to meet their internal growth targets during the second half of the year.

There appears to be no end in sight to the rising sour loans in the Sri Lanka’s banking sector as the non-performing loans continue to head north while the Central Bank expects further gloom in the picture ahead. 

Sri Lanka’s insurance industry regulator, the Insurance Regulatory Commission of Sri Lanka (IRCSL) has been operating without a permanent actuary or an actuarial consultant since last year, posing risks to policyholders, an Industry professiona

The Ministry of Petroleum Resources Development has called for Requests for Qualification (RFQ) to issue new licences to import, export, supply, blend and distribute lubricants with cert

The shareholders of NDB approved a capital raising of over Rs. 6.2 billion via a rights issue at an Extraordinary General Meeting (EGM) held at the NDB-EDB Tower yesterday. The funds to be raised are primarily to supplement growth and to improve the

Sri Lanka should establish an interest rate cap for all financial institutions and individual lenders operating in the microcredit business to assess the credit risk of their loans and regulate and restrict the actions they can take to collect the lo

The Board of Directors of Seylan Bank PLC has appointed its non executive Director and LOLC Group Managing Director/CEO Kapila Jayawardena as Deputy Chairman of the Board with effect from September 10, 2018, according to a CSE filing.

The Sri Lanka Tea Board (SLTB) is to launch the global promotional campaign initially in four markets: Russia, Ukraine, China and Saudi Arabia, on social media and digital print media, with possible delays. 

In a bid to attract more tourists to Sri Lanka, the government is launching a new system for tourists to reclaim 15 percent VAT for the goods they have purchased in Sri Lanka, with effect from today, the Finance and Mass Media Ministry announced yest

(Colombo) Reuters: Sri Lankan shares fell to one-week closing low yesterday as foreign investors sold blue chips such as conglomerate John Keells Holdings PLC.

(Colombo) REUTERS: The Sri Lankan rupee ended weaker on Monday as importer dollar demand surpassed greenback sales by banks and the U.S. currency strengthened globally, dealers said.