Painting a rather bleak outlook, HSBC Global Research this week stated that any recovery in the Sri Lankan economy is unlikely until the much anticipated Presidential and Parliamentary polls are held to end the current policy and political impasse.

With nearly 60 percent of major proposals in Budget 2019 on track for completion, the government plans to revise the budget by reprioritising the remaining expenditure proposals to contain the fiscal deficit at a manageable level, due to the economic

The Cabinet approval has been received to reduce the ground handling charges, aviation fuel and embarkation levy at Bandaranaike International Airport (BIA) for a period of six months, to expedite the recovery of the tourism sector in the aftermath o

In our yesterday’s Page 1 story titled ‘Cargills looks to modernise agriculture supply chain as cost of local produce remains high’, several paragraphs were inadvertently quoted due to a technical error. Only the following paragraphs should be

(Frankfurt) AFP: Germany’s biggest lender Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, as the former leading light of the country’s financial sector looks to escape years of turmoil. The slashing of around one in five of its workfo

CT Land Development PLC, the owners of Majestic City, has embarked on a Rs.450 million refurbishment programme of the popular shopping mall cum entertainment complex in Bambalapitiya.

The Central Bank will most likely stay pat in this month after it cut the key policy rates on May 31 by 50 basis points to revive a tottering economy, said First Capital Research, leaving space for another 25 basis point cut towards the final quarter

(Colombo) REUTERS: Sri Lankan shares inched lower yesterday, retreating after six straight sessions of gains to a near 11-week closing high, as investors sold diversified stocks such as John Keells Holdings PLC.

The government expects to open the Palaly airport, which is set to undergo an over Rs.2 billion upgrading, for international traffic by this August, according to a media communiqué by the Transport and Civil Aviation Ministry. The airport located in

The Sri Lanka Logistics & Freight Forwarders Association (SLLFFA) is planning to develop a transparent and interactive single communication platform aimed at curbing corruption and boosting efficiency in logistic operations. “Dealing with

Following the establishment of its credentials in the modern trade market, Softlogic Glomark, Sri Lanka’s first inspirational global supermarket, launched its latest outlet in Kottawa on July 4 with a fusion of international brands and specially se

The Finance Ministry yesterday announced two new appointments at the General Treasury.

Prime Minister Ranil Wickremesinghe laid the foundation for an agriculture processing mega zone in Uhana, Ampara yesterday. Primary Industries and Social Empowerment Minister Daya Gamag

SINGAPORE (AFP) - Two Singaporean men were charged yesterday with flying drones near a military airbase without permission, the city-state’s first such prosecutions as it cracks down on illegal use of the devices.

LONDON (AFP) - Car manufacturer Jaguar Land Rover will make electric cars at its central England factory, it announced yesterday, securing thousands of jobs in a major boost to post-Brexit Britain.

LONDON (AFP) - Former British finance minister George Osborne is lining up a bid to replace Christine Lagarde as head of the International Monetary Fund, UK newspapers reported this week.

REUTERS - Britain’s competition regulator has stepped in to pause Amazon’s investment in online food delivery group Deliveroo while it considers launching a full investigation.

The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limi

NEW DELHI (AFP) - India’s newly re-elected government promised yesterday an easing of foreign investment rules and more infrastructure spending in an effort to boost flagging growth rates and create jobs.

HONG KONG (AFP) - Asian markets fluctuated yesterday as investors steeled themselves for the release of a crucial US jobs report that could have a major bearing on the size of an expected Federal Reserve interest rate cut.

REUTERS - Sri Lankan shares extended gains yesterday to hit their highest close in 11 weeks, boosted by foreign inflows into equities, while the rupee ended weaker.

Men use their phones to connect to the electric scooter mobile app while standing on a sidewalk of a street in the Israeli coastal town of Tel Aviv. Israelis in the country’s economic capital Tel Aviv have embraced electric scooters and their smart

The launching of mega infrastructure projects and improved tourist arrivals in the month of June compared to May in the aftermath of the April 21 Easter Sunday attacks lifted the spirits of the Colombo Stock Exchange (CSE) yesterday, sending the indi

Sri Lanka’s leading school and office stationery brand, Atlas has become a victim of widespread anti-Muslim boycott campaign allegedly launched by some of its competitors and parties with vested interests following the Easter Sunday attacks on Apri

Prime Minister Ranil Wickremesinghe is scheduled to present a Cabinet memorandum to bring down the costly airfare structure at Bandaranaike International Airport (BIA) at the next Cabinet meeting.

Listed brush maker BPPL Holdings PLC says the Easter Sunday attacks on April 21 that dealt a severe blow to the country’s tourism industry could impact the availability of waste plastic bottles, the key raw material of their filament production pro

The sharp decline in interest rates and resultant lower finance costs is likely to improve the earnings of listed corproates towards 4Q19 amid faster than expected recovery in the country’s economic outlook and lower rates, according to First Capit

The tourist arrivals to Sri Lanka in June almost doubled from a month ago after the April 21 Easter Sunday carnage, although the arrivals were over 50 percent down from a year ago, the data released by the country’s tourism office showed.

The government has appointed an apex committee tasked with identifying an implementation model for the proposed Pettah Multimodal Transport Hub (PMTH) and resolving the key issues surrounding the project, in order to finalise theproject plan.