A leading academic in the country has called for smarter revamping of the local higher education sector, as Sri Lanka falls behind lower middle-income economies in this regard. While a large proportion

Sri Lankan presidential nominee Gotabaya Rajapaksa would ‘restore relations’ with the country’s top lender China if he wins the Nov. 16 vote and met with a senior Chinese official this week, according to an adviser

The Sri Lanka Tourism Promotion Bureau (SLTPB) has made arrangements to participate at the World Travel Market (WTM) 2019 at a grand scale, which the agency said is set to bring a wide variety of opport

(Colombo) AFP: A fresh inquiry into the Easter suicide bombings that hit Sri Lanka killing at least 258 people was ordered by President Maithripala Sirisena yesterday, after concerns from the Catholic Church that current probes are not independent

(Washington) AFP: It could be a manipulated video embarrassing a candidate. Or a computer voting system locked by ransomware. Or doubts about electronic voting machines with no paper backups.

HONG KONG (AFP) - Asian markets edged up yesterday as investors turn their attention to the China-US trade talks, while keeping an eye on the Gulf region after last week’s air strikes on Saudi oil facili

As part of their milestone partnership with Hyundai Motor Company, Abans Auto will be launching a Hyundai Experience Centre at Colombo City Centre (CCC) on November 8. This embodies Abans Auto’s aim to offer a transformative dealership experience

WASHINGTON (AFP) - The crisis hammering Argentina would have been much worse had the International Monetary Fund not stepped in with a massive rescue programme, outgoing IMF chief Christine Lagarde said this week. “I look at Argentina when it came

REUTERS - Google will make an additional investment of 3 billion euros (US$3.3 billion) over the next two years to expand its European data centres, Chief Executive Sundar Pichai said in Finland.

(REUTERS) - Sri Lanka’s rupee closed weaker for the fifth straight session yesterday on continued demand for dollars from banks, while equities ended the week on a negative note.

TOKYO (AFP) - Major Japanese trading house Mitsubishi Corp said yesterday it was carrying out an investigation after its Singapore-based subsidiary lost US$ 320 million because of unauthorised trades by an employee. In a statement, the fir

MUMBAI (AFP) - India said yesterday it would slash corporate taxes to among the lowest in Asia as part of its drive to kickstart the stuttering economy, sending the country’s stock market surging as analysts predicted

Brandix was bestowed with the accolade ‘Exporter of the Year’ by President Maithripala Sirisena at the Presidential Export Awards 2018/2019 held yesterday. The award was accepted by Brandix Directors Ranga Ranmadugala and Dave Ranasinghe (L to R)

Global leader in advisory services, Ernst & Young said Sri Lanka’s SMEs sector urgently requires the establishment of a ‘Credit Guarantee Corporation’, so that it receives the much needed boost, as current efforts taken by authorities are not r

Head of the Institute for Health Policy (IHP), a regional centre of excellence for health policy research stated that the country’s current healthcare system is unable to undergo any improvements as the low tax income and political interference mak

As Sri Lanka’s electronic transaction grows rapidly driven by evolving e-commerce space, Visa, the global payments technology company launched a new roadmap to secure Sri Lankan consumers and businesses from breaches.

Sri Lanka is moving ahead to strike a US$250 million worth tea-for-debt barter deal and revive tea exports to Iran while settling outstanding oil credit over a 50-month period, subsequent to securing Cabinet approval. The Cabin

Sinhaputhra Finance Plc, non-bank lender in Sri Lanka has been given time to raise capital, the Central Bank said. “In view of the proposed capital augmentation plan submitted by the Sinhaputhra Finance PLC (SINF) and in the interest of depositors,

Sri Lanka’s Monetary Board of the Central Bank has decided to cancel the licence issued to TKS Finance Limited (TKSF) to carry on finance business with effect from yesterday. The Central Bank said the financial condition of TKSF is not satisfactory

COLOMBO (Reuters) - Sri Lanka’s economy grew at its slowest pace in more than five years from April to June, government data showed on Wednesday, as the Easter Sunday bomb attacks that killed over 250 peop

Sri Lanka’s tourism sector is acknowledged as one of the highest revenue earners for the economy but poor planning and slow execution by the relevant authorities are observed to be pulling the sector down, implied a senior industry representative.

Sri Lanka is urged to consider partnering with India in wind power generation and joint tea marketing efforts to boost exports to drive the economic growth over the next few years. “Sri Lanka’s potential for wind could be 40,000-50,000 MW and Sr

As an effort to rectify Sri Lanka’s growing issue of grim productivity levels across diverse sectors, a senior representative of the regional banking industry stressed that the relevant authorities should actively look at reversing the ongoing brai

A local energy expert pointed out that the repeated mishaps in the energy sector are largely man-made and easily predictable.

Sri Lanka’s lubricants market narrowed with an across the board fall in the volumes during the three months ended in June 2019 (2Q19) as the industry is battering a broad-based economic downturn, which it has become an indirect casualty. Demand f

In an exclusive interview with Mirror Business, Guruprasad Gaonkar, Oracle Asia Pacific and Japan SaaS Leader, ERP and Digital Supply Chain, shared his thoughts on the ‘Eighth Continent’, a brand-new continent that we all have already stepped int

While insisting that the government has successfully stabilised Sri Lanka’s economy overcoming a debt crisis over last five years, Prime Minister Ranil Wickremesinghe asserted it is now up to the private sector to decide whether the economy has to

The Central Bank chief yesterday shared his recommended recipe for Sri Lanka to avoid getting caught in the middle income trap, which is likely to happen if the government failed to streamline the economic focus and macro-economic fundamentals. With

Redwood City, California-based computer technology firm, Oracle Corp. this week unveiled the world’s first autonomous operating system (OS), expanding its autonomous product portfolio beyond its flagship software, Oracle Autonomous Database introdu

Sunshine Holdings Group Managing Director and Vice Chairman of Ceylon Chamber of Commerce (CCC), Vish Govindasamy addressing the Sri Lanka Economic Summit 2019 said a strategic unit needs to be set up to analyse and proactively respond to implication