After concluding the two-day official visit to India, President Maithripala Sirisena arrived in Japan yesterday to further strengthen the long-standing bilateral relations between Japan and Sri Lanka, the President’s Media Unit said.

The Sri Lanka Tourism Promotion Bureau (SLTPB) conducted a well-coordinated media campaign at ITB 2018 in Berlin last week, the Tourism and Christian Religious Affairs Ministry said in a statement. As part of this campaign, a high-profile press confe

The officials behind the now defunct Lanka Rating Agency (LRA) have sent a fresh application to the Securities and Exchange Commission (SEC) requesting permission to re-enter credit rating space in the country, Mirror Business learns.

The Laugfs group is expecting its heavily indebted, loss-making hospitality subsidiary, Laugfs Leisure Ltd, to break even by the 2020 financial year, after going public this year.

The country’s largest conglomerate, the John Keells group, has won a government tender for two land plots in the Muthurajawela sand fill area for the next 30 years to conduct logistics operators.

Citizens Development Business Finance PLC (CDB) is raising up to Rs.2.0 billion via corporate bonds to fund its aggressive growth during the ensuing financial year, as the company has been seeing some handsome growth in assets and profits during rec

The Sri Lankan government has entered into two emergency power deals with the private sector at a hefty cost to the tax payer, as the inadequate rainfall in main catchment areas has reduced the country’s hydro-power generating capacity. 

Sri Lanka’s economic growth is set to pick up pace with reforms largely remaining on track, and the authorities should now push for more liberalised factor markets and take steps to close a “sizeable gender gap” for inclusive growth

Sewing machine producer Singer Industries (Ceylon) PLC is diversifying its manufacturing into components and accessories manufactured and marketed by the Singer Group due to falling demand for traditional sewing machines and resultant excess product

The new anti-dumping laws passed in Parliament last week are vital to protect domestic industry from unfair trade practices but are not aimed at providing blanket protectionism to the domestic industry, the Development Strategies and International Tr

Construction of the office and retail space component of the Havelock City project of Overseas Realty (Ceylon) PLC (ORCL) is expected to start next month, and is to be completed within 3 years.

AFP: US President Donald Trump is “offending” allies and risking a global trade war with his controversial tariffs on steel and aluminium, Germany’s economy minister said yesterday.

AFP: Austrian steel firm Voestalpine said yesterday it would reconsider its investments in the United States in light of President Donald Trump imposing tariffs on steel and aluminium imports.

AFP: British industrial production rebounded sharply last month on the re-opening of a major North Sea pipeline, official data showed yesterday.

AFP: European stock markets steadied yesterday following an Asian rally, with traders reacting to a shock decision by Donald Trump and Kim Jong Un to hold talks. Markets were tracking also the latest developments in US President Trump’s tariffs

AFP: Florida lawmakers on Thursday passed a law prohibiting the US state from investing in companies that have business ties with the Venezuelan government.  Citing the socialist government’s “use of extreme violence and political pe

REUTERS:  The Sri Lankan rupee slipped yesterday as importer dollar demand surpassed the selling of the greenback by exporters and banks, and inward remittances, while communal violence in the central district of Kandy weighed on sentiment, deal

‘Thailand Week’ trade fair and business opportunity with Thailand opened yesterday at the BMICH. 

AFP: China's chief central banker said yesterday the country could be more "courageous" in opening its markets, as European and American firms push for greater access to the world's second largest economy.

Vidullanka PLC has received the necessary regulatory approvals to construct their second mini-hydro plant in Uganda after a significant delay, and will be issuing shares worth Rs.75.3 million to Timex Garments (Pvt) Ltd to fully acquire Timex Bukinda

Tourism arrivals to Sri Lanka in 2018 continued to grow in double digits for the second consecutive month in February, with China reclaiming the top spot as the largest tourist sourcing country after a lapse of 18 months, according to data released

The National Chamber of Commerce (NCC) yesterday vehemently condemned the situation that has suddenly erupted in the country, sparked off by a minor incident that took place recently in the Central Province.

REUTERS: The Sri Lankan rupee ended steady yesterday as importer dollar demand offset selling of the greenback by exporters even as communal violence in the central district of Kandy continued to weigh on sentiment, dealers said.

The general insurance industry in Sri Lanka is set to become even more competitive in the future with increasing foreign interest, according to the state-controlled People’s Insurance PLC.

Sri Lanka’s Department of Commerce created history as it jointly launched the first ever ‘Policymakers’ Session on Digitalisation of Trade and Industries’ series by UNCTAD for UNCTAD member countries yesterday in Colombo.

Sri Lanka’s largest shipbuilder, Colombo Dockyard PLC (DOCK), is not hopeful of a recovery in the shipbuilding market over the short and medium term and will continue to focus on building niche, high-tech ships as a coping strategy, until the d

The International Finance Corporation (IFC), a member of the World Bank Group, yesterday partnered with the Colombo Stock Exchange (CSE) for the third consecutive year to ring the opening bell for trading to celebrate International Women’s Day

The tourism industry is working with the local authorities to ensure that the tourists visiting the Kandy area face minimal inconvenience, the state’s tourism office said.

Colombo Trust Finance PLC yesterday announced plans to raise Rs.600 million via a rights issue subject to the approval of the Colombo Stock Exchange and shareholders. 

East West Properties PLC has signed a letter of intent to sell the entire stake it owns in its subsidiary, Weligama Hotel Properties Ltd, the property owners of recently opened Weligama Bay Marriot Resort & Spa, to Singapore’s HPL Hotels &a