The director board of Sri Lanka Telecom PLC (SLT) has resolved to go for a private placement of shares to meet the minimum public free float requirement as per the Colombo Stock Exchange Listing Rules.

(Mumbai) REUTERS: China is exporting textiles to India through Bangladesh to get around a tax increase on imports, undermining New Delhi’s efforts to support local manufacturers, industry sources said.

Weak sales and profits from the key power generation and tourism businesses hit Aitken Spence PLC performance as the Sri Lankan corporate monolith with interests in to wider business

The Central Bank has directed all finance companies in the country to consider the Sri Lanka Tourism Development Authority’s (SLTDA) license as a pre-requisite for granting loans to any tourism related business.

President Maithripala Sirisena last week appointed a committee of experts to study the Sri Lanka-Singapore Free Trade Agreement (SLSFTA) and submit a report.  The President’s 

The State-controlled telecommunication behemoth, Sri Lanka Telecom PLC (SLT) reported strong growth during quarter ended June 30, 2018 (2Q18), as the group witnessed pick up in revenues in its fixed telephony and data operations.

HONG KONG (AFP) - Asian markets fell yesterday after a broadly positive week as traders await the latest developments in the China-US trade row, while the Turkish lira briefly dived 12 percent to fr

LONDON (AFP) - House of Fraser, the Chinese-owned UK department store chain, entered administration yesterday only to be swiftly snapped up by retailer Sports Direct for £90 million (US$115 million, 100 million euros).

LONDON (AFP) - Britain’s economy picked up speed to outpace the eurozone in the second quarter despite mounting concerns over Brexit, official data showed yesterday, helped partly by sunny weather and the World Cup football tournament.

(Moscow) REUTERS: Oil markets have entered a brief period of calm but a storm might be looming later this year when new U.S. sanctions are poised to slash supplies of Iranian oil, the Inte

(Colombo) REUTERS: The Sri Lankan rupee edged down yesterday, in line with other emerging-market currencies, mainly due to global concerns, dealers said. The rupee, which hit an intraday low of 160.10 per dollar, ended at 160.00/10, compared with Thu

Dushan Soza, District Governor of the Rotary Club and its past District Governor Senake Amerasinghe called on the Minister of Finance & Mass Media, Mangala Samaraweera at the Finance Ministry yesterday. 

The Urban Development Authority (UDA) of Sri Lanka and Japan International Cooperation Agency (JICA) have been working together since February 2017 to formulate the urban development vision, plan and design guidelines with the objective of realizing

Volumes continued to pick up at Sri Lanka’s monopoly cigarette player, Ceylon Tobacco PLC (CTC), with the company generating higher revenues and profits for shareholders and taxes for the gov

Singer Sri Lanka PLC reported modest growth in revenues and profits for the quarter ended on June 30, 2018 (1Q19) as the consumer durables retailer saw a rebound in business in all its segments, as the rural agricultural economy is seen recovering fr

Hayleys group’s coconut-shell based activated carbon manufacturer, Haycarb PLC, saw its June quarter (1Q19) earnings declining amid shortages and price escalations of coconut shell-bas

The Cabinet of Ministers this week approved a Cabinet proposal presented by Development Strategies and International Trade Minister Malik Samarawickrama to institutionally strengthen Sri Lanka’s main trade negotiation team, with the addition of

(Colombo) REUTERS: The Sri Lankan rupee closed marginally weaker yesterday on importer dollar demand, while dealers expect the local currency to stabilise around the current level in the short term.

ECONOMYNEXT: Sri Lanka can regain a majority stake in the terminal company at Hambantota port from China after 80-years for one dollar and the port will pay standard royalties on containers and bulk cargo after 25-ye

The Sri Lanka Gem and Jewellery Association (SLGJA) is proposing a regulatory framework to enhance the accountability in order to allow importation of gold bullion at zero duty for direct and indirect jewellery exports, while warning that the current

Sri Lanka is to develop six milk processing centres under the financial assistance from Natixis Investment Bank of France.

The Cabinet of Ministers has given its approval to conduct a feasibility study to construct a domestic airport in the Digana, Maberiyathenna area.

Leading cement manufacturer, Tokyo Cement PLC, has identified the long delay in holding local government polls as the primary reason for the major slowdown experienced by the country’s construction sector, in addition to the negative effects fr

The land reclamation of Colombo Port City (CPC) is scheduled to be completed by June next year as the land filling is nearing 90 percent completion while the breakwater construction is expected to restart in September-October this year, following the

The order on the interim reliefs sought by the petitioners at the Ceylon & Foreign Trades PLC (CFT) case was fixed for September 7, 2018 by the Commercial High Court judge Ruwan Fernando.

COLOMBO (Reuters): The Sri Lankan rupee ended marginally weaker yesterday as demand for the U.S. dollar from foreign banks surpassed mild inward remittances, traders said.

Sri Lanka Gem and Jewellery Association (SLGJA) is proposing a regulatory framework to enhance accountability in order to allow importation of gold bullion at zero duty for direct and indirect Jewellery exports while warning that the current 15 perce

Buoyed by higher tourist arrivals from India and Europe, Sri Lanka’s total tourist arrivals during the month of July rose 6 percent year-on-year (YoY) to 205,482 the data released by the country’s tourism office showed.

CIC Holdings PLC (CIC) slashed losses during the quarter ended June 30, 2018 (1Q19) as the diversified conglomerate known for its crop and industrial solutions is recalibrating its different busi

The minority shareholders of Ceylon & Foreign Trades Plc have filed a case at the Commercial High Court of Colombo for oppression and mismanagement of the company affairs by Director-Executive Chairman Ali Asger Shabbir Gulamhusein in concert wit