Although, Sri Lanka needs decisive leaders, the country can never achieve its economic objectives with a decisive leadership that compromises democracy and the rule of law. “Some people with short memories say they want decisive leadership. That is

Finance Minister Mangala Samaraweera is to present the new Monetary Law Act that aims to depoliticise the Central Bank (CB) to the parliament next month. “If there is one reform that will stabilise Sri Lanka’s macro economy, that will be the de

COLOMBO (Reuters) - Sri Lankan rupee closed weaker yesterday on importer dollar demand, while foreign outflows from government securities also weighed on the currency. Equities snapped two consecu

While assuring the government’s continuous commitment to facilitate foreign investments in the country, the government appeals to the foreign investors not to get distracted by the current domestic

The country’s foremost economic event, Sri Lanka Economic Summit (SLES) 2019, kicks off at Cinnamon Grand Colombo, today. The two-day event is themed around Recalibrating Sri Lanka’s Economic Trajectory Towards 2025, to guide Sri Lanka’s journ

The Hambantota International Port (HIP) signed an agreement for port-to-port cooperation with the Ranong Port in Thailand. The partnership is a bid to build synergi

The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is evaluating nearly US $ 250 million worth of investment opportunities in Sri Lanka’s private sector. “We are currently evaluating perspective investm

The first specialised free trade zone for rubber-based value-added exports of China Hainan Rubber Industry Group Co. Ltd will be set up in Kegalle next year. “We are negotiating with Chin

AirAsia marks another foray into South Asia by offering direct services between Colombo in Sri Lanka and Thailand’s capital city of Bangkok. This four-time weekly flight service is slated to commence operation again on November 11, 2019 with speci

A leading academic claims the Environmental Impact Assessment (EIA) process concerning the Colombo Port City project which was renamed as Colombo International Financial City (CIFC) had fundamental flaws.

The ‘Lotus Tower – Multifunctional TV and Telecommunications Tower’, foreseen to be one of the significant landmarks of the country, is Sri Lanka Telecom’s (SLT) epic accomplishment in the arena of technological infrastructur

DUBAI (Reuters) - Saudi stocks plunged 2.3 percent as the market opened yesterday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output.

Sri Lanka has been striving to embark on an export-led growth model, but this aspiration is challenged given the prolonged delay in the development of Colombo Port’s East Container Terminal (ECT) and man

LONDON (AFP) - Former British prime minister David Cameron launched a blistering attack on the UK’s current leader Boris Johnson in extracts of his memoirs published yesterday, accusing him of only backing Brexit to further his own career.

ECONOMYNEXT – Sri Lanka’s tax-payer funded health service is running below the optimal level of doctors required and more will be recruited by the end of next year, parliament was told. Sri Lanka’s state health service

PARIS (AFP) - Louvre Hotels Group, owned by China’s Jin Jiang, has signed an agreement to open two hotels under its own name in Damascus, it said during the weekend, a day after the UN announced an internal investigation into the bombing of hospita

NEW YORK (AFP) - President Donald Trump’s attacks on the US Federal Reserve make financial markets cringe, but his demand for zero interest rates makes banks sweat. As the Fed reverses course and is poised to cut the benchmark lending rate a second

State-owned enterprises (SOE) liabilities are posing both explicit and implicit contingent risks to Sri Lanka and some other Asia Pacific nations such as Vietnam, Bangladesh and Papua New Guinea, Moody’s

For the fifth consecutive year, Sri Lanka’s diversified conglomerate Sunshine Holdings PLC will support the country’s premier summit for key policymakers, business leaders, thought leaders and experts, the Economi

SriLankan Airlines yesterday said it is not allowing older generation 15-inch Apple MacBook Pro units on their planes over fire safety risk. Apple has determined that, in a limited number of older generation 15-inch MacBook

The Japan International Cooperation Agency (JICA) will provide technical assistance to strengthen the Gender Action Plan (GAP) for Colombo Light Rail, towards making it the first woman-friendly public transport system in Sri Lanka. The Memorandum fo

(LONDON) AFP: British American Tobacco (BAT) yesterday said it planned to cut 2,300 jobs globally by January as its new boss seeks to drive revenues in controversial e-cigarettes. “My goal is to oversee a step change in new category growth and sign

Hyundai Motor Company has announced Abans Auto as the authorised distributor for Sri Lanka. As the authorised

Responding to a recent newspaper article where it was suggested to introduce a minimum export price (MEP) for Sri Lankan cinnamon to prevent unhealthy competition, the management committee of the Spices & Allied Products Producers’ & Traders’ Ass

REUTERS: Sri Lanka’s rupee closed flat yesterday, with foreign outflows from government securities showing a declining trend, while equities ended a tad firmer. The rupee ended flat at 180.25/45 per dollar ahead of a long weekend. The currency gain

There will be no Mirror Business tomorrow in view of today’s Poya holiday. The next issue will be on Monday (16).

With elections nearing, a leading economist painted gloomy economic prospects for Sri Lanka, saying that the country is faced with a choice between the devil and the deep blue sea after the current dispensation missed once in a generation opportunity

As Sri Lanka is in the midst of making a transition to the upper-middle-income status, the Asian Development Bank (ADB) this week asserted that focus on women entrepreneurship is becoming increasin

(London) REUTERS: The Hong Kong Exchanges and Clearing Limited has proposed a 31.6 billion pound (US $ 39 billion) takeover of the London Stock Exchange, it said yesterday, just weeks after the London bourse announced a plan to merge with data compan

(Washington) AFP: President Donald Trump wants US “interest rates down to ZERO, or less,” he tweeted yesterday amid widespread expectations that the Federal Reserve will cut rates later this month.