AFP: Measures taken by the United Arab Emirates (UAE) and other nations against Qatar aim to pressure Doha into drastic policy changes, a senior UAE official told AFP yesterday.

The Sri Lanka Tea Board (SLTB) yesterday said it is expecting a decline in tea production in the coming months due to the recent floods that affected the tea growing districts of the country. 

REUTERS: Sri Lankan shares ended down for a fourth consecutive session yesterday, and hit their lowest close in more than a week, due to profit-booking in large-cap shares such as Ceylon Tobacco Company PLC, but foreign inflows helped curb losses.

Tourist arrivals to Sri Lanka fell 2.5 percent year-on-year (YoY) to 121,981, with resumption of high growth of Chinese arrivals remaining the key positive highlight, putting immense pressure on the government, which hasn’t conducted a proper p

REUTERS: The Sri Lankan rupee recovered from early falls and closed slightly firmer yesterday as late inward remittances surpassed mild dollar demand from importers, dealers said.

Sri Lanka and Thailand have come to a consensus on a free trade agreement (FTA) to trade goods as the first step towards a comprehensive FTA that will follow in the future, Sri Lanka’s Industry and Commerce Ministry in a statement said. 

CAKE LABS, the premiere Sri Lankan restaurant technology company, which is owned by Sysco, announced the opening of a brand new office facility, along with an evolution of the company name to 

Qatar Airways operations are running as normal with no disruptions to flights with the exception of those to the four countries Qatar Airways has been restricted to fly to.

The Body Shop’s best-selling Vitamin E Moisture Cream is now available in a limited edition jar designed by legendary fashion print designers Eley Kishimoto. 40 years since it was first introduced, 

Sri Lanka, in March, managed to reverse the declining streak it saw in exports during the first two months of the year but failed to contain its overall trade deficit as the imports for the same month grew at the fastest pace in 24 months.

Sri Lanka yesterday signed an agreement to borrow US $ 318 million from India for the development of the railways sector, a Finance Ministry statement said.  

Standard Chartered (StanChart) is well set to become the full financial services provider for China’s ambitious Belt and Road Initiative (BRI), which aspires to recreate the ancient Silk Road, connecting China with Asia, Africa, Europe and the

The Colombo Stock Exchange (CSE) yesterday announced the inclusion of non-voting shares, which are listed and traded on the exchange, in its index market capitalization (IMC) calculation. 

The Monetary Board, with the concurrence of the finance minister, has promoted Assistant Governor K.D. Ranasinghe to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from April 30, 2017.

George Steuart Travel Ltd Director/Chief Executive Officer Channe Wijemanne was elected as President of the IATA Agents Association of Sri Lanka (IATA-AASL).

The newest authorized distributor of Central Industries PLC was appointed recently in Kalmunai (United Traders, 121 Ampara Road, Samanthurai) to cater to the business needs in the vicinity.  The new business centre was unveiled by Urban Developm

Singer Sri Lanka PLC, the country’s leading retailer and distributor of branded consumer durables and Huawei, the leading smartphones brand in Sri Lanka, recently celebrated the success of five years of partnership together.

Watawala Tea Ceylon Ltd, a member of the Sunshine Holdings group, celebrated its outstanding achievements for last year with a gala event recently at the Grand Ballroom of Galadari Hotel Colombo. 

The Saudi Fund for Development is looking to provide credit facilities for Sri Lankan firms to import raw materials from Saudi Arabia.

The official opening of the research laboratory of John Keells Research (JKR), the R&D and innovation arm of John Keells Holdings PLC, was held recently.  

The China-Sri Lanka Cooperation Studies Centre of the Pathfinder Foundation (PF) inked a memorandum of understanding (MoU) with the Chinese Communist Party-affiliated China Centre for Contemporary World Studies (CCCWS), which engages in research in i

DFCC Bank has re-launched Vardhana Sahanaya to help people affected by the recent natural disaster rebuild their lives in the aftermath. The 'Sahanaya' Loan Scheme was launched to provide 

Earth became the beauty it is because of the interaction between living things and their surroundings. The two has molded together life to create a balance of what we would call today as nature. The only 

DFCC Bank recently signed a Memorandum of Understanding (MoU) with Diesel & Motor Engineering PLC (DIMO), to facilitate the leasing of Tata Vehicles at an affordable price, to customers across its 

Milk farmers in the North-Central village of Seeppukulama will benefit from a milk chilling centre upgraded by Nestlé, offering them increased opportunities to sell their milk to the company. Nestlé is 

Hilton (NYSE: HLT) and DoubleTree by Hilton today signed a management agreement with KDU Adventures (Pvt) Ltd, a subsidiary of KDU Group (Pvt) Ltd, to manage the 140-­room DoubleTree by

Sri Lanka’s economic growth could pick up to 4.7 percent in 2017 and further up to 5.0 percent in 2018 on the back of a reform programme supported by the International Monetary Fund (IMF), but the downside risks stem from extreme weather condit

Browns Capital PLC (formerly known as FLC Holdings PLC) disposed its remaining 9.9 percent stake in FLMC Plantations (Pvt.) Ltd to Piyestra Furniture (Pvt.) Ltd, a unit of Damro Group, for a consideration of Rs.1.95 billion

AFP: UAE and Saudi carriers said yesterday they are suspending flights to Qatar after their countries announced a cut in ties with Doha, in an unprecedented regional crisis.

REUTERS: Sri Lankan shares fell in thin trade yesterday on profit-booking in banking stocks while investors assessed the impact of recent deadly floods on exchange rate and inflation.