The Board of Investment of Sri Lanka signed a supplementary agreement with M/s Senaka Zenn (Private) Limited to set up a project to manufacture pre-stressed spun concrete electrical poles, piles and railway sleepers with improved technology, for

BEIJING (AFP) - The CEO of Apple has met with the top market regulator in China, a statement said yesterday, a week after the tech giant faced heavy criticism over an app Beijing accused of supporting Hong Kong protesters. Apple removed HKmap.live fr

WASHINGTON (AFP) - Facebook should not launch its global digital currency Libra until proper regulations are in place to handle the potential risks, the Group of Seven said Thursday. And France’s Economy Minister Bruno Le Maire warned that a curren

NEW YORK (AFP) - Saudi Aramco plans to push back its initial public offering, which had been expected to be launched next week, a person familiar with the situation said. The move could delay stock market trading of the

SYDNEY (AFP) - A plane and its passengers are set to test the mental and physical limits of long-haul aviation when Qantas operates the first direct flight by a commercial airline from New York to Sydney.

The first Alliance Air flight from Chennai, India, landed at the Jaffna International Airport (JIA), which was declared open yesterday. The picture shows the aircraft receiving cannon salute. Alliance Air is expected to operate three flights a week f

Sri Lanka yesterday launched the official website announcing the country’s participation in the six-month long Expo 2020 Dubai, anticipating a major boost to exports, tourism and investments while looking to enhance the country’s brand value and

(Washington) REUTERS: World Bank President David Malpass said it is likely the development lender will downgrade its global growth outlook amid uncertainty over falling trade and investment flows, but he stopped short of calling on the United States

Laughs Power Limited (LPL), the renewable energy subsidiary of Laugfs group, is to list its shares on the secondary Diri Savi Board of the Colombo Stock Exchange (CSE) by way of a share introduction.

The Hambantota International Port Group (HIPG) recently entered into a terminal service agreement (TSA) with Japanese shipping conglomerate NYK, the first roll on/roll off (RoRo) specific TSA entered into by the shipping line with a Sri Lankan p

(London) AFP: Sterling sank into losses in chaotic trade yesterday on fears that Britain’s Brexit draft deal might not win parliamentary approval, having earlier spiked close to US$ 1.30 on news of the agreement. At 1240 GMT, the pound w

(Colombo) REUTERS: Sri Lankan shares snapped two sessions of losses to end higher yesterday as investors picked up beaten down stocks. The rupee closed weaker. The benchmark stock index closed 0.40 pe

The upgraded airport in Palali will be declared open as Jaffna International Airport (JIA) today, under the patronage of President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe, Transport and Civil Aviation Minister Arjuna Ranatunga and I

Sri Lanka is among eight countries advanced to the implementation stage from the preparation stage having initiated key banking reforms to drive development and fight climate change, according to the second Global Progress Report of the IFC-facilitat

Two agreements were signed yesterday between the government and the Netherlands’ Rabobank amounting to EUR 70.7 million (approx. Rs.14.1 billion) for the construction of rural bridges and establishment of the National Vocational Training Institute

The Cabinet of Ministers has cleared a proposal to borrow US $ 25 million from the International Bank for Reconstruction and Development (IBRD) of the World Bank to improve the efficiency and transparency of public institutions.

The Cabinet of Ministers has decided to further relax the rule on repatriation of export earnings by taking into consideration the appeals made by exporters, the Government Information Department said.

The Cabinet of Ministers has this week approved the setting up of a debt management bureau at the Finance Ministry, as a separate unit, the Government of Information Department said. At present, the country’s foreign and domestic debt are sold and

The Travel Agents Association of India (TAAI) is planning to host its Annual Convention in Sri Lanka later this year.

The global economy is in a synchronised slowdown and we are, once again, downgrading growth for 2019 to 3 percent, its slowest pace since the global financial crisis. Growth continues to be weakened by rising trade barriers and increasing geopolitica

When Rathinam Jenaka first began working at YARLCO, she was only allowed to boil the milk. As she stood stirring the pot, she would glance over to the other women on the factory floor.

The primary issue that arose at the plenary on ‘Promoting Innovation and Disruption in the Fourth Industrial Revolution (4IR)’, at the 12th South Asia Economic Summit (SAES XII), organised by the Institute of Policy Studies of Sri Lanka, was the

Chris Chelliah Group Vice President & Chief Architect, Cloud Platform, APAC, Japan & EMEA. He has more than 24 years of experience in the information systems industry; 20 of those years have been with Oracle across different portfolios in Asia Pacifi

The Ceylon Chamber of Commerce (CCC) chief this week called the private sector to take the lead in breaking out of the middle income trap with positivity and greater focus on inclusivity, instead of waiting for the economic growth to return.

(Washington) REUTERS: The U.S.-China trade war will cut 2019 global growth to its slowest pace since the 2008-2009 financial crisis, the International Monetary Fund warned yesterday, adding that the outlook could darken considerably if trade tensions

A test flight was competed yesterday from Chennai to Palali Airport, which is to be declared open as the Jaffna International Airport (JIA) tomorrow (17th). Indian aviation experts and specialists, who were on board the test flight, inspected the run

Sri Lanka’s manufacturing and services sector activities expanded in the month of September, albeit at a slower pace compared to August, according to the Central Bank’s SL Purchasing Managers’ Index (PMI). Manufacturing activities recorded a PM

(Colombo) REUTERS: Sri Lankan stocks ended weaker yesterday, snapping a run of seven straight gaining sessions to slip from a near six-week high hit in the previous session as investors booked profits. The rupee currency ended weaker. The benchmark

Land sales of the Colombo Port City is set to begin within the first half of next year with both government and the project company preparing to float the tenders for land plots, Mirror Business learns.

Sri Lanka’s government debt burden is weighing heavily on the economy in respect of mounting debt service payments – a problem aggravated by steep depreciation of the rupee against major foreign currencies. In terms of the year-end exchange rate