COLOMBO (REUTERS): Sri Lankan shares rose yesterday to their highest close in three weeks and marked their second weekly gain in nine. The Colombo stock index ended 0.13 percent

NEW YORK (AFP): Reports that President Donald Trump could soon tap the strategic petroleum reserve in a bid to lower gasoline prices have raised concerns the emergency stockpile is being compromised for political purposes. Constructed in the wake&nbs

 SAN FRANCISCO (AFP): Microsoft on Thursday said its revenue and profit climbed in the recently ended quarter, getting results from its bets on cloud computing services and artificial intelligence.

HONG KONG (AFP): Asian markets advanced yesterday, with Shanghai gaining two percent as China’s weak yuan currency defied US President Donald Trump’s criticism of a strong dollar and Fed rate hikes.

The Kingsbury Hotel, the flagship five-star hotel which stands tall in the Leisure arm of Hayleys PLC, recently announced the appointment of their new General Manager, Christine Chevalaz. 

ZURICH (REUTERS): Rothschild Bank AG and one of its subsidiaries committed serious violations of anti-money laundering rules in relation to 1MDB, the Malaysian sovereign wealth fund, Switzerland’s financial regulator said yesterday.

COLOMBO (REUTERS): The Sri Lankan rupee ended slightly firmer yesterday as remittances boosted dollar inflows, helping offset the importer dollar demand, traders said.

(Colombo) REUTERS: The Sri Lankan rupee closed steady yesterday in mild trading as dollar demand from importers were offset by greenback selling by exporters, traders said.

(Colombo) REUTERS: Sri Lankan shares rose yesterday and marked their highest close in nearly three weeks, led by market heavyweight John Keells Holdings, as foreign buying boosted sentiment.

Keells Food Products PLC (KFP) reported higher revenues and profits in the three months ended in June 30, 2018 as the group specializing in processed food increased its sales during the first quarter of its financial year. 

The Colombo Stock Exchange (CSE) has transferred the securities of the Merchant Bank of Sri Lanka and Finance PLC (MBSL) to the Watch List with effect from July 17, 2018 due to the issues pertaining to its undercapitalized insurance subsidiary, MBSL

Sri Lanka’s struggling rubber industry yesterday urged the government and relevant authorities to give due attention by looking at means to boost productivity, a key aspect that remains to be activel

The deteriorating asset quality appears to be a common phenomenon with Sri Lanka’s banks and non-banks but the intensity of the problem of the latter suggests that the ailment runs deep. 

Diversified conglomerate Hayleys PLC will raise Rs.4 billion via debentures.

(Johannesburg) REUTERS: China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the US Overseas Private Investment Corporation (OPIC) said  this week.

Sri Lanka has won its first ever court case against countervailing duties,  as a US court ruled that the 0.95 percent countervailing duty attributed to the guaranteed price scheme on import of off-the-road (OTR) tyres 

Diversified conglomerate Hayleys PLC will raise Rs.4 billion via debentures. The company received preliminar

The quality of the assets of Sri Lankan banks is continuing to deteriorate and the banking sector regulator, the Central Bank, feels the worst is yet to come. According to the latest banking industry data seen 

Sri Lanka’s healthcare system needs private sector investment in the medium term, as the public sector would struggle to address challenges stemming from the country’s fast growing ageing population.

Eco Spindles, a wholly owned subsidiary of BPPL Holdings Ltd (BPPL) yesterday inaugurated Sri Lanka’s first ever polyester yarn plant at Horana Export Processing Zone with a Rs.800 million investment.

Top professional Dinesh Weerakkody has resigned from the director board of Ceylon Tobacco Company PLC (CTC), with effect from July 15, 2018.

China says Sri Lanka has the potential to become the centre of the 21st century Maritime Silk Road while driving the trade and economic co-operation between China and Sri Lanka to a new level. 

Japanese Sri Lanka Friendship (JSF) Corporation, a Board of Investment (BOI) company, will commence operations at its production facility in Katunayake next week, becoming Sri Lanka’s sole manufacturer of solar panels. 

Business tycoon Harry Jayawardena-controlled Melstacorp PLC could soon start targeting companies for acquisitions as the diversified conglomerate appears to be currently in its best form after the successful completion of its restructuring. 

Sri Lanka has outperformed in the latest Hinrich Foundation Sustainable Trade Index, ranking seventh overall, emerging as the highest-placed of the middle-income and emerging markets, above richer countries such as China (8th), Malaysia (12th), Thail

The domestic cable manufacturing industry appears to be disturbed by the present government’s penchant for liberalisation, displayed through recent attempts towards liberalising the country’s shipping and lubricant sectors.

The National Development Bank PLC (NDB) has successfully negotiated a loan up to US $ 75 million, from Commerzbank Aktiengsellschaft, Germany recently.  Dubai-based Alpen Capital Limited was the lead arranger to this loan facility. 

Sri Lanka’s Board of Investment (BOI) yesterday said it is discussing  four projects worth over US $ 16 billion with Singapore, as the country gears up to reap benefits of the recent Free Trade Agreement with the city state.

Exporters blamed the absence of a “strong and positive political will and vision,” as the reason behind Sri Lanka’s failure to achieve full export potential, and urged the government to focus on providing gre

In a major boost to Sri Lankan folk medicine tradition, Sri Lanka yesterday announced that it is moving the centuries old system for protection under Geneva’s well-known “Traditional Knowledge” reg