The Chamber of Construction Industry of Sri Lanka (CCISL), as the apex representative body of all those engaged in the construction sector, has entered into a historic memorandum of understanding (MoU) with the China International Construction Associ

Sri Lanka’s third largest private lender by assets, Sampath Bank PLC, which was recently included in the MSCI Frontier Market 100 Index, says the bank is ready to launch the first-ever blockchain-based product in Sri Lanka, this year. 

(Colombo) REUTERS:  Sri Lankan shares ended lower for a sixth straight session yesterday to hit their lowest closing in nearly six months, as foreign investors sold banking shares such as Commercial Bank of Ceylon PLC.

In a strategic move to reposition the entity to represent the Group’s business vision and take on the dynamic, technocentric business world of tomorrow, Taprobane Group announced the transformation of the Group including the name change to Ambe

In an interview recorded for an upcoming documentary by award-winning filmmaker Bryan Bruce, Nobel Prize-winning economist, Professor Joseph Stiglitz says, “New Zealand should have taken much more time over getting into the Comprehensive and Pr

The Chamber of Construction Industry of Sri Lanka (CCISL), as the apex representative body of all those engaged in the construction sector, has entered into a historic memorandum of understanding (MoU) with the China International Construction Associ

Sri Lankans have mostly borrowed for consumption but borrowings for manufacturing and agriculture come at distant fourth and fifth positions, demonstrating the country’s increasing tilt toward a consumption economy at the expense of industriali

Sri Lanka will look to diversify exports to Iran after Tehran proposed to host the island to a round of trade negotiations this August, the Industry and Commerce Ministry said.

Sri Lanka is to consider limiting new approvals for tourism projects in tourist hotspots as over visitation threatens the sustainability of the country’s tourism industry.  Addressing the 39th Graduation Ceremony of the Sri Lanka Institut

The Urban Development Authority (UDA) plans to call fresh request for proposals (RFPs) for the mixed development project for the nine-acre Chalmers Granaries land, under the Beira Lake Intervention Plan, within this month, following the necessary Cab

Sri Lanka’s remittance earnings from Qatar is likely to double over the years as the number of Sri Lankan migrant workers in Qatar is expected to reach 300,000, from the current 140,000, in the next couple of years. 

SEOUL (Reuters): South Korean cryptocurrency exchange Coinrail said it was hacked over the weekend, sparking a steep fall in bitcoin amid renewed concerns about security at virtual currency exchanges as global policy makers struggled to regulate trad

Worker remittances to Sri Lanka appear to have stabilized lately as the income from the Sri Lankan migrant worker community grew for the second month in a row in April. 

COLOMBO (Reuters): The Sri Lankan rupee hit a record low yesterday, as importer dollar demand outpaced greenback sales by exporters who held back from selling the U.S. currency expecting a further decline in the rupee, dealers said.

COLOMBO (Reuters): Sri Lankan shares edged lower yesterday, falling for a fourth straight session to end at their lowest close in more than five months, as investors continued to stay on the sidelines looking for fresh cues.

Growing household debt is nothing new for both developed and emerging economies, and Central Banks globally have been grappling with the issue from time-to-time and have used interest rates and other macro-prudential measures to arrest the situation

Sri Lanka will launch the ambitious Rs. 60 billion ‘Enterprise Sri Lanka’ programme on 21st of this month aiming to groom 100,000 entrepreneurs by 2020 through 16 concessional loan schemes with additional incentives provided to encourage

QUEBEC CITY (AFP): The G7 summit ended in farce and a renewed threat of global trade war on Saturday as US President Donald Trump abruptly rejected the text of a consensus statement and bitterly insulted the Canadian host.

Manuel Inauen, head of business development KUK Electronics AG, a high technology Swiss electronic manufacturer had a meeting with Malik Samarawickrama, Minister of Development Strategies and International 

Sampath Bank PLC, Sri Lanka’s third largest private lender by assets, has been included to the MSCI Frontier Market 100 Index, Mirror Business learns. During the last week the shares o

The government of Sri Lanka has reported Rs. 814.3 billion worth non-financial assets for 2017, compared to Rs. 21 billion reported in 2015, under the new Computerised Integrated Government Accounti

REUTERS: Sri Lankan shares fell for a third straight session yesterday and ended at a more than five-month low, dragged down by diversified shares such as John Keells Holdings Plc, brokers said. 

BEIJING (AFP): China’s trade surplus with the United States jumped in May, official data showed yesterday, worsening the imbalance at the centre of tensions between the economic titans while Beijing’s advantage with the rest of the world

RIO DE JANEIRO (AFP): Brazil raked in 3.15 billion reais (US$807 million) yesterday in the first auction of deep sea, pre-salt oil fields since a crippling strike led to the resignation of state oil company Petrobras’s CEO.

MUMBAI (AFP): Air India has announced it is seeking an urgent multi-million-dollar loan to maintain day-to-day operations, highlighting the wretched financial predicament of the country’s debt-stricken national carrier.

 AMMAN (AFP): Jordan's authorities may have shelved a proposed income tax hike after a week of protests -- but they still face the tricky task of balancing popular demands with the need to fix the economy.

SHANGHAI (AFP): Chinese digital payments giant Ant Financial said yesterday it had raised US$14 billion in its latest financing round, making it the world’s largest fintech company ahead of an expected mammoth IPO.

The Central Bank yesterday rubbished misleading reports suggesting the monetary authority’s involvement in manipulating GDP estimates of the country. The Central Bank noted that t

BUENOS AIRES (AFP): The International Monetary Fund (IMF) agreed with Argentina to a standby loan of US$50 billion over a three-year period, Finance Minister Nicolas Dujovne said this week.

REUTERS: The Sri Lankan rupee hit a fresh record low of 159.00 per dollar yesterday, as importer dollar demand outpaced greenback sales by exporters who held back from selling the U.S. currency expecting a further decline in the rupee, dealers said.&