Russian airline, Aeroflot, will re-launch regular non-stop flights to Colombo from October 28, the Moscow-based airline announced this week.  The airline stopped regular flights to Colombo around a decade ago.

Businesses with a cumulative investment of approximately Rs.26 billion in the oil palm industry in Sri Lanka came together in Colombo on August 30, 2018, to formally inaugurate an industry association under the aegis of the Ceylon Chamber of Commerce

Belluna Co., a Tokyo Stock Exchange - First Section listed company, and a significant player in the global real estate industry said, it would invest up to US$ 500 million in Sri Lanka’s real estate and hospitality sectors. 

IFC, the private sector funding arm of the World Bank, has significantly cut its exposure to the shares of Sri Lanka’s leading telco, Dialog Axiata PLC, most likely at a loss, according to stock analysts Mirror Business talked to.

The external environment facing Asia Pacific economies is becoming more difficult, but is unlikely as yet to have a significant impact on sovereign credit profiles, says Fitch Ratings.

Weak consumer sentiments hit Cargills Ceylon PLC as the country’s largest privately-owned retailer saw very little growth in the basket values of the shoppers during the quarter ended June 30, 2018.

Motor car registration surged to three-year high in July before the Finance Ministry put brakes on the influx of motorcars with smaller engines in August, according to the vehicle registration data compiled by JB Securities, a Colombo-based equity br

Sri Lanka is strengthening relations with Vietnam and the Association of South East Asian Nations with Prime Minister Ranil Wickremesinghe due to address a World Economic Forum regional meeting in Hanoi shortly, officials said.

Turning a new page in the history for key Sri Lankan economic drivers—SMEs, informal enterprises and unlisted businesses—a pioneering financial auditing framework was unveiled in Colombo recently.   

Prime Minister Ranil Wickremesinghe affirmed that terming Sri Lanka’s tea industry as a matured industry was a mistake and asserted that the industry needs the state support to withstand growing

The Central Bank should play the role of a smart wife when dealing with the government, treating it as a husband who does things for overall welfare of the family while preserving its independence, said a retired Central Banker. 

Emerging market currencies sank in Asia yesterday, with the Indian rupee at a record low as dealers fear contagion from financial crises in Argentina and Turkey.  

A delegation of 14 entrepreneurs from one of China’s leading business chambers, the China International Chamber of Commerce for the Private Sector (CICCPS) visited the BOI with a view of exploring possibilities of investment in the island.

WASHINGTON (AFP) - With Friday’s deadline fast approaching, talks continued late into the night on Thursday without reaching a deal between Canada and the US on an overhaul of the North American Free Trade Agreement.

BEIJING (AFP) - Amid farmlands on the outskirts of Beijing, a massive construction site rising above the horizon bustles with activity as 8,000 workers build a new mega airport.

Emirati and foreigners eat at a restaurant in Dubai.

BEIJING (AFP) -  African leaders will gather in Beijing Monday for a summit focused on economic ties, granting China a feel-good photo opportunity as it comes under increasing fire for its debt-laden approach to aid in the developing world.

COLOMBO (Reuters) - The Sri Lankan rupee dropped to an all-time low yesterday, marking its ninth straight session of setting fresh lows, as dollar demand from importers remained strong.

The UN independent expert on foreign debt and human rights, Juan Pablo Bohoslavsky, will be on an official visit to Sri Lanka from 3 to 11 September, at the invitation of the Government.

The Central Bank remains hopeful that it can migrate to flexible inflation targeting in the first quarter of next year— one year before it was originally planned.  Flexible inflation targeting is where the interest rates are determined aim

The Commercial Bank of Ceylon has received registrations for  a whopping Rs. 10 billion in loans to Small and Medium Enterprises (SMEs), under the government’s ‘Enterprise Sri Lanka’ initiative launched in June this year to sti

Sri Lanka’s top business tycoons expressed frustration over inconsistencies in government’s policies and an absence of clear leadership for policy implementation, but expressed keenness to engage the government, acknowledging that politic

Expolanka Freight (EFL), a global freight-forwarding company headquartered in Sri Lanka is setting up its 18th overseas operations in the regional hub of Malaysia.  The company is taking over an existing operation managed by its parent company S

COLOMBO (Reuters) - Sri Lankan shares ended higher yesterday, moving away from their lowest close in 17 months hit earlier this week, as reports that the main state-owned pens

COLOMBO (Reuters) - The Sri Lankan rupee dropped to an all-time low yesterday, marking its eighth straight session of setting fresh record lows, as dollar demand from importers remained strong amid sluggish inflows. The rupee, which hit a fresh recor

After a decade of country-wide efforts involving eight million members, the first-ever national policy for Sri Lanka’s historic cooperative sector has finally arrived at Cabinet level for approval, a

(Colombo) REUTERS: Sri Lankan shares rebounded yesterday, from their lowest close in 17 months, boosted by local media reports citing the Central Bank Governor that the main state-owned pension fund will return to the equity market. The Employees&rsq

Sri Lanka will see the arrival of 2.5 million tourists this year amid the amplified efforts to promote Sri Lanka’s tourism product at several key markets, according to Tourism Development a

SriLankan Airlines said it is significantly expanding its capacity on the Colombo-Singapore route with the introduction of wide-bodied Airbus A330 aircraft that are equipped with the latest inflight entertainment systems, luxurious seating and on-boa

(Colombo) REUTERS: The Sri Lankan rupee hit an all-time low for a seventh straight session yesterday, dragged down by importer dollar demand amid less inflows of the greenback, dealers said.