AFP: Japanese stocks led the way in Asia yesterday, climbing higher following a rally on Wall Street but the majority of Asian markets were closed for the Easter holiday.

AFP: Japan’s factory output picked up in February while the jobless rate stayed low, official data showed yesterday as the world’s third largest economy continues a solid expansion. 

REUTERS: Starbucks Corp and other coffee sellers must put a cancer warning on coffee sold in California, a Los Angeles judge has ruled, possibly exposing the companies to millions of dollars in fines.

AFP: US President Donald Trump took a new swipe at Amazon this week, claiming the tech giant fails to pay its share of taxes and takes advantage of the US Postal Service.

AFP: The sale of Uber’s Southeast Asian business to Singapore-based rival Grab may have infringed competition rules, a Singapore watchdog said yesterday, imposing restrictions on the deal while it carries out an investigation.

Considering the many requests made and the difficulties faced by the general public in exchanging willfully defaced currency notes after March 31, 2018, the Central Bank has decided to continue the service of exchange of such currency notes until fur

REUTERS: Sri Lankan consumer prices rose 4.2 percent in March from a year earlier, but eased from the previous month’s 4.5 percent rate, government data showed yesterday. 

While the Sri Lankan entry of Bank of China marks a major landmark in Sino-Lankan relations, it also has the potential to really move the needle on Sri Lanka’s economic development, according to the country’s Central Bank Governor Dr.Indr

The Finance Ministry’s amnesia on the Sri Lankan economy from 2005 to 2014 may lead visitors to the ministry’s official webpage wonder what exactly had happened to the country’s economy during the period.

A New Zealand business delegation representing 13 innovative companies will arrive in Colombo on April 2 for a 3-day visit to continue forging business and trade links with Sri Lanka.

Sri Lanka’s small car registrations continued its strong momentum in February although the total vehicle registrations slightly slipped from its January high, perhaps due to less number of days, according to registration data tracked by Colombo

The re-authorised US GSP will become active for Lankan exporters from April 22, according to a communiqué by Sri Lanka’s Industry and Commerce Ministry. 

Development Strategies and International Trade Minister Malik Samarawickrama said that the government has taken numerous initiatives to stabilise and reorient the economy, from a growth model that was heavily dependent on debt-fuelled public spending

The Sri Lankan government may need to increase the rate to be charged under the proposed Debt Payment Levy many fold, in order to meet the revenue target expected from it, according to a banker. The 2018 budget presented last November proposed to cha

REUTERS: The Sri Lankan rupee closed 0.26 percent stronger yesterday as exporter dollar sales and inward remittances surpassed importer demand for the US currency, dealers said.

The acquisition of Atlas Axillia (Private) Limited (Atlas) has improved the business risk profile of Hemas Holdings PLC as the new entity will improve the group’s defensive cash flow when the other key units such as FMCG and leisure have slowed

The challenge in finding true independent directors with diverse skill sets for banks surfaced at a recently held top-level meeting of the stakeholders in the banking sector, in Colombo. 

Slovakia, the world’s highest per capita car producer, is keen on importing Sri Lankan rubber tyres for the Slovakian automotive manufacturing industry, according to a communiqué from the local Industry and Commerce Ministry.

The Sri Lankan government will be raising US$ 1 billion via a foreign currency term financing facility (FTFF) denominated in US dollars, Japanese yen or euro from domestic and international banks and investment banks in order to finance expenditure a

The acquisition of Atlas Axillia (Private) Limited (Atlas) has improved the business risk profile of Hemas Holdings PLC as the new entity will improve the group’s defensive cash flow when the other key units such as FMCG and leisure have slowed

United Motors Lanka PLC (UML) yesterday announced that it sold its entire stake in TVS Lanka (Private) Limited to the TVS parent company in India for Rs. 1 billion. In a filing to the Colombo Stock Exchange, UML said it sold 17.5 million shares in TV

The Department of Foreign Exchange of the Central Bank wants to end its involvement in setting up rates for transshipment containers in accordance with the new Foreign Exchange Act, in the backdrop of government’s decision to liberalize the cou

The Sri Lankan government may need to increase the rate to be charged under the proposed Debt Payment Levy manyfold in order to meet the revenue target expected from it, according to a banker.

The Spices and Allied Product Producers’ and Traders’ Association (SAPPTA) of Sri Lanka yesterday said that the Indian government’s decision to unilaterally set a minimum import price for pepper imported from Sri Lanka is adversely

A deal has been sealed to sell some of the key EAP Group assets to a Singapore-based investment holding company, with Sri Lanka’s Central Bank giving the green light to proceed with the deal, Mirror Business learns.

The Court of Appeal fixed the argument for December 4, 2018, in respect of the writ petition filed by Parliamentarian Vasudeva Nanayakkara, on the alleged shipping monopoly in the country.

A number of leading international petroleum companies will be visiting Sri Lanka in the coming months to evaluate the opportunities for oil and gas exploration in the Mannar Basin, while the Petroleum Resource Development Ministry seeks the cabinet a

Building awareness on tax compliance and giving five-star hospitality treatment to the potential taxpayers are paying dividends, with more tax files being opened after Sri Lankans participated in such seminars, according to the Finance Ministry.

The troubled The Finance Company PLC (TFC) has resorted to dispose its assets and real estate as the company appears to be making a last ditch attempt to revive fortunes.

Serendib Hotels PLC has consolidated control over its recently acquired luxury boutique villas in down south last week as Hemas group leisure sector company acquired the balance stake in the operating company.