Sri Lanka’s banking sector in total has pumped in over Rs.100 billion in fresh credit to the economy during February from a minus growth recorded in January as the growth in private sector credit and credit to the public corporations rose altho

The shareholders of Property Development PLC (PDL) have shot down an attempt to delist company shares from Colombo Stock Exchange’s  (CSE) official list. PDL in a stock market filing said a resolution towards delisting the shares of the co

Fitch Ratings has increased its ownership of Fitch Ratings Lanka Ltd. to approximately 89 percent from 45 percent, acquiring equity interest of several shareholders. “We are excited about Fitch’s commitment to Sri Lanka, one of Asia&rsquo

In a bid to enforce registration of all tourism industry service providers in Sri Lanka, the Sri Lanka Tourism Development Authority (SLTDA) has deployed a new cyber tool to track accommodation providers operating without SLTDA valid licence. 

In an effort to pull the national economy towards a position that allows all sections of the population to equally benefit, a top economist says that Sri Lanka must pay greater emphasis on encouraging the informal economy to boom instead of forming p

A delegation of the European Parliament Committee on International Trade (INTA) currently in Colombo stressed that the European Union (EU) demand “nothing” from Sri Lanka and assistance would only be extended if the island nation is willi

The worker remittances to Sri Lanka fell in February as the receipts in the first two months from export of labour languished amid the country facing an uphill task of containing an ever expanding trade deficit and a mounting foreign debt load. 

REUTERS: Sri Lankan shares fell yesterday to their lowest in one week as political uncertainty hurt sentiment ahead of a no-confidence vote against Prime Minister Ranil Wickremesinghe, brokers said.

The headroom to tackle Sri Lanka’s worsening public debt situation appears to be disappearing as the government estimates a whopping US $ 15 billion in foreign debt service payment during the four years from 2019 to 2022.

Competition in Sri Lanka’s supermarket landscape is set to intensify with the entrance of at least a couple of international retail giants through well-established local partners in the near future, Mirror Business learns. 

Softlogic Holdings PLC has incorporated a new company to house its retail sector subsidiaries to consolidate all its retail operations under one arm.

India is always available to collaborate with Sri Lanka, according to the pace Sri Lanka is comfortable with, said India’s top diplomat in Sri Lanka this week, in a diplomatic speech which nevertheless alluded to regional geopolitics.

Unemployment in Sri Lanka fell to a 5-year low of 4 percent during the fourth quarter of 2017 (4Q17), amid booming apparel exports and a rebound in agricultural activity after suffering from a two 

Competition in Sri Lanka’s supermarket landscape is set to intensify with the entrance of at least a couple of international retail giants through well established local partners in the near future, Mirror 

Lankem Ceylon PLC last week sold the Lanlib Building situated off Nawam Mawatha for Rs.700 million, according to a disclosure made to the Colombo Stock  Exchange yesterday.

Softlogic Hldings PLC has incorporated a new company to house its retail sector subsidiaries to consolidate all its retail operations under one arm.

The Sri Lankan government is finally taking requests of the start-up community to create a start-up ecosystem seriously following the involvement of the World Bank in authoring a white paper, according to a venture capitalist (VC).

Sri Lanka’s trade deficit widened in the first month of this year as the country consumed more imported goods than what it exported during the month, according to the import-export trade figures seen by Mirror Business.

The state-owned banking giant, Bank of Ceylon (BOC), said it reported Rs.30.3 billion in profit before tax (PBT) for the financial year ended December 31, 2017 (FY17), maintaining its position as the highest profit-earning single entity in the countr

REUTERS: Sri Lanka’s Central Bank is expected to keep key interest rates unchanged tomorrow after a rate review, but economists in a Reuters poll are not ruling out the possibility of a rate cut to help bolster economic growth that has slipped

A share purchase agreement has been entered into, to sell 100 percent of Melsta Regal Finance Limited to Bluestone1 (Pvt.) Ltd, for Rs.2.55 billion.

In an interesting development, it has come to light that the Singaporean firm that recently bought the controlling interest in Serendib Engineering Group PLC (SEG) is the same party that is said to be investing in the assets of EAP Group to bail out

NEW DELHI (REUTERS): Indian Oil Corp plans to invest INR 1.43 trillion (US$22 billion) in next five years as the country’s top refiner seeks to raise its annual capacity to about 3.2 million barrels per day by 2030, its head of refineries said

The government last week decided to extend the purchasing of the expensive thermal power as the country had four seasons of back-to-back dry spells, which exhausted reservoirs and the crucial catchment areas used for generating cheap energy.

RIYADH (REUTERS): Bahrain said yesterday it had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA.

The Colombo Stock Exchange (CSE) suspended trading of six listed entities as they failed to file interim financials and annual reports even after the firms were given adequate time to comply with the most crucial continuous listing rule.   

F. J. & G. de Saram, Sri Lanka’s leading corporate and commercial law firm - founded over 175 years ago, and MTI Consulting have set-up a JV called ‘Legal Source’ that offers legal process out-sourcing services to international&

To further enhance Sri Lanka-Japan ties, the Japan- Sri Lanka Expo is scheduled to take place  at the BMICH next month from 21st-23rd for the second consecutive year.

AFP: Chinese people and foreign firms are girding for a weekend deadline that will curb the use of unlicensed software to circumvent internet controls, as the government plugs holes in its ‘Great Firewall’.

AFP: British drivers were this week given the chance to join collective legal action against German carmaker Volkswagen over the emissions-cheating “Dieselgate” scandal.