REUTERS - Sri Lankan shares fell for the second straight session yesterday to hit a more than one-week low, due to continued foreign fund outflows, while the rupee ended steady as dollar demand from importers offset exporters’

Moody’s Investors Service said the economic fallout from the Easter attacks runs deeper than portrayed, as the April 21 carnage has sent tremors across multiple key sectors from fiscal to the external sector, prompting the rating agency to slash

Registrations of motorcars and three wheelers continued to slide in May as people struggled to come to terms with the deadly blow delivered by the Easter Sunday attacks on April 21, that killed many and left the economy paralyzed.

The investor of the Western Automobile vehicle assembly project in Kuliyapitiya is said to be given a deadline of two months to set up the proposed vehicle assembly plant. This was re

Amidst dwindling tea yields, high interest rates and declining tea prices, Sri Lanka’s tea industry is seeking a financial relief package for over 100 tea factories that are on verge of collapse. Sri Lanka Tea Factory Owners Association (SLTFOA) m

Hatton National Bank PLC (HNB) has instituted legal proceedings against Wolters Kluwer Financial Services Australia Pty Limited (WKFS) seeking recovery of approximately US $ 500,000, which the bank had paid to the said company for the implementation

Strong recovery in agriculture amid favourable weather gave a boost to the reeling economy in the first quarter of 2019 (1Q19), as the economic growth for the three months was recorded at 3.7 percent from a year earlier—the highest rate nearly in a

Sri Lanka’s banking sector asset quality took a plunge in the quarter ended March 31, 2019 (1Q19) from end-December 2018, while the deterioration was sharper when compared with the corresponding three months of the previous year.

Mobitel, the mobile telephony business unit of Sri Lanka Telecom PLC, yesterday announced the acquisition of M3Force (Pvt.) Ltd, by taking the majority stake in the security solutions company.

The Central Bank (CB) mulls setting up a joint committee consisting of the regulatory and non-regulatory stakeholders of the financial industry to ensure the full implementation of the recently launched Roadmap for Sustainable Finance in Sri Lanka by

The government will borrow up to Rs.480 billion more this year from both local and foreign sources, under the Active Liability Management Act (ALMA), for future debt repayments between 2020 and 2029.

Indian multinational Larsen & Toubro (L&T) yesterday said it has won a contract for a water supply project in Sri Lanka.

The government has expanded the relief package announced for the tourism sector hit by the Easter Sunday attacks.

(Colombo) REUTERS: Sri Lankan shares closed at a more than six-week high yesterday, boosted by foreign inflows into equities, while the rupee ended slightly firmer on dollar sales by exporters.

When it comes to Sri Lanka’s national security and sovereignty, nothing seems more guaranteed to generate heated discussion than the spectre of foreign involvement in seaport developments. After years of wrangling, Sri Lanka, India and Japan finall

Sri Lanka’s peace dividend that was taken for granted didn’t last long. As the country geared up to celebrate a decade since the end of the 30-year ethnic war came the Easter attacks that shook the nation.

Sri Lanka’s trade balance in April contracted to US $ 797 million from US $ 999 million a year ago, as import expenditure fell for the sixth consecutive month and export income increased marginally.

Advocata Institute yesterday commended President Maithripala Sirisena’s directive to shut down the loss-making State-owned handloom enterprise Lanka Salu Sala.

Sri Lanka will draw more tech firms to the country with the roll out of 5G technology, which would enhance the value proposition of the country as an emerging IT Hub, Sweden-based leading enterprise softw

(Colombo) REUTERS: Growth in Sri Lanka’s economy picked up to 3.5 percent in the first quarter from 1.8 percent in the previous three-month period, Finance Minister Mangala Samaraweera said yesterday.

Fitch Ratings has assigned Siyapatha Finance PLC’s proposed subordinated unsecured debentures an expected national long-term rating of ‘BBB+(lka)(EXP)’,one notch below Siyapatha’s national long-term rating.

ICRA Lanka has revised down the issuer rating of Hayleys PLC to (SL)A+ with Stable outlook from (SL)AA- with Negative outlook over the firm’s non improvement of financial performance and high level of gearing.

It is just fascinating to watch what is happening in Hong Kong now. Millions of Hongkongers have taken to streets to protest against a controversial piece of legislation that will allow extradition from Hong Kong to mainland China.

A few weeks ago, a security expert, who has studied the so-called Islamic State (IS), rightly said to this author, “Your country was ‘staged’.”

Further delays in operationalising the East Container Terminal (ECT) would jeopardise the Colombo Port’s transhipment hub status, according to Sri Lanka Port Authority (SLPA) Chairman Kavan Ratnayaka.

(New York) AFP: US pharmaceutical giant Pfizer yesterday announced the acquisition of Array BioPharma, a biotechnology firm that specialises in cancer drugs, the latest in a long list of biotech mergers in recent years.

Premier business chamber, the Ceylon Chamber of Commerce (CCC), is organising a networking session on the theme ‘Rebuilding Business Confidence in Sri Lanka’, providing a platform for its membership to interact with the senior government official

Euronews.com: Switzerland and the UK are among the least family-friendly countries in Europe, according to a recent study from the UN children’s charity (UNICEF).

(Colombo) Reuters: Sri Lankan shares ended marginally higher yesterday, hovering near a six-week high hit last week, as trade turnover touched a more than four-month high amid continued foreign fund outflows, while the rupee ended weaker on dollar de