Sri Lanka’s import tax exemption schemes are prone to abuse as they lack predictability, efficiency and openness, a study by a Colombo-based think tank has revealed. 

Hemas PLC’s pharmaceutical manufacturer and importer, Morison PLC, will go private subject to necessary shareholder and regulatory approvals. Morison’s director board has resolved to delist the company’s shares from the official lis

The delay in taking an investment decision by the Employees’ Provident Fund (EPF) has delayed the sale of Weligama Bay Marriot Resort & Spa to a Singaporean firm, a stock market filing by East West Properties PLC said.

Diversified conglomerate Softlogic PLC will open its first supermarket outlet in fourth quarter of 2018, the company’s  annual report released last Friday to the Colombo Stock Exchange said.

Laugfs Gas PLC, Sri Lanka’s only private sector cooking gas player, narrowed its losses during the quarter ended June 30, 2018 (1Q19) as the group’s energy business made gains despite the administered prices on LP gas getting replaced by

Negotiations on the proposed Sri Lanka-Bangladesh Free Trade Agreement are likely to commence by the end of next month, as the joint feasibility study on the FTA is nearing completion, Bangladesh High Commissioner to Sri Lanka Riaz Hamidullah said. A

(Tokyo) REUTERS: Business confidence among Japanese manufacturers was at its highest in seven months in August thanks to a firm global economy, a Reuters poll showed yesterday, but the service sector’s mood hit its lowest since 2016, casting do

(Beijing) REUTERS: Japan’s Toyota Motor Corp will build additional capacity at its auto plant in China’s Guangzhou, a company source said, in addition to beefing up production at a factory in Tia

(Beijing/Washington) REUTERS: China and the United States will hold lower-level trade talks this month, the two governments told on Thursday, offering hope that they might resolve an escalating tariff wa

COLOMBO (Reuters) - Sri Lankan shares extended losses for a sixth straight session yesterday, marking their lowest close in more than seven weeks, as foreign investors trimmed equity exposure amid fears that the government may introduce new taxes on

A total of 6 Sri Lankan apparel manufacturers and 2 designers will participate in the four-day fair in Paris from 17th – 20th September.

WASHINGTON (AFP) - President Donald Trump said yesterday he was in “no rush” to complete a deal to rewrite the trade pact with Mexico and Canada. As Mexican officials were gathered in Washington for talks with US Trade Representative Robe

SriLankan Airlines has introduced a series of measures to mitigate inconvenience to its valued passengers from the closure of Cochin International Airport due to flooding. 

Sri Lanka’s largest shipbuilder, Colombo Dockyard PLC (DOCK), which operates in collaboration with Japan’s Onomichi Dockyard, saw its net losses widening during the April-June quarter (2Q18) amid rise in costs and slowdown in income from

Colombo (REUTERS): Sri Lankan shares ended marginally weaker yesterday, marking their fifth straight session of losses, as foreign investors sold market heavyweight John Keells Holdings amid global worries.

Both the manufacturing and services sector experienced some slowdown in July, according to the Purchasing Managers’ Index (PMI) compiled by the Statistics Department of the Central Bank.

Sri Lanka’s banking sector woes will persist through the remainder of the year and possibly spill over into 2019, if the country’s wobbling economy continues to hurt the investment and consumer sen

Backed by the strong growth in loans and operational efficiencies, Sri Lanka’s second largest private sector lender in terms of assets, Hatton National Bank PLC (HNB), reported solid performance for its April-June quarter (2Q18), the interim fi

Colombo (RETUTERS):  The Sri Lankan rupee hit an all-time low for a second straight session yesterday, as importers bought dollars amid fears the local currency could depreciate further tracking weakness in emerging-market currencies, dealers sa

Commercial Bank of Ceylon PLC reported some solid financial performance for the quarter ended June 30, 2018 (2Q18), as the country’s largest private sector lender saw strong growth in new loans and deposits.

The recent new acquisitions weighed on the bottom line of the diversified conglomerate Hemas PLC during the quarter ended June 30, 2018 (1Q19), the interim financial accounts released to the Colombo Stock Exchange showed.

Guardian Capital Partners PLC (WAPO), a unit of the Carson Cumberbatch group, on Tuesday said it is terminating a joint venture (JV) agreement it had entered into with a foreign party due to the “current economic conditions and unfavourable inv

The Monetary Board of the Central Bank yesterday said it has decided to extend the suspension of business and activities of the primary dealer operations of Pan Asia Banking Corporation PLC (PABC) for a period of six months, with effect from today.

Sri Lanka will launch the long-delayed six-month digital marketing campaign in top source markets in Europe—the United Kingdom, Germany and France—from end of August, after the Cabinet of Ministers on Tuesday approved the Cabinet paper pr

The Sri Lanka Tourism Development Authority (SLTDA) Monday announced the relaunch of the annual Sri Lanka Tourism Awards, which is scheduled to be held on December 6, following a six-year hiatus.

(Colombo) REUTERS: The Sri Lankan rupee hit a near-record low yesterday on weakness in emerging-market currencies including the Indian rupee, and importer dollar demand, dealers said.

The excise duty reforms on beer in November last year have delivered social and financial returns to all stakeholders, Sri Lanka’s largest brewery, Lion Brewery (Ceylon) PLC (LION) said releasing its first quarter results for the 2018/19 finan

Sri Lanka’s banks will see a rebound in private sector credit triggered by the acceleration in consumption towards mid-2019, as the election minded-government is likely to loosen its grip on the tight spending and offer fiscal handouts to buy v

(Colombo) REUTERS: The Sri Lankan rupee hit a near-record low yesterday as weakness in emerging market currencies weighed, but later recovered to end the day flat, dealers said.

Chevron Lubricants Lanka PLC saw a growth in the company’s sales during its most recent financial quarter ended on June 30, 2018 (2Q18), ending a long losing streak in its quarterly revenues and made an operating profit, compared to what it pos