(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

Siyapatha Finance PLC, a subsidiary of Sampath Bank PLC, yesterday said its director board has resolved to raise up to Rs.1.5 billion through a listed debenture issue.

Sri Lanka’s largest tile and bathware manufacturing group, Royal Ceramics Lanka PLC, believes that the trade war between the US and China will increase opportunities for Sri Lankan manufacturers in key export markets.

In order to boost the Sri Lankan economy through exports via ecommerce, the Export Development Board (EDB) is implementing a national programme to nurture 2000 new entrepreneurs to become exporters during the period 2017-2022, at regional level.

Could Sri Lanka have prevented the Easter Sunday terror attacks that claimed 257 lives? Most media reports in the aftermath of the attack have suggested so.

The differences in legal systems among the various countries in the world are substantial. However, a uniform law relating to the contracts on international sale of goods is essential for the smooth functioning of world trade.

The Asian Development Bank (ADB), the Government of Sri Lanka and the Regional Development Bank (RDB) recently signed loan and guarantee agreements to further assist Sri Lanka to provide affordable and accessible credit to rural micro, small, and med

Sri Lanka’s services sector activities further contracted in May following Easter bombings, while manufacturing activities recovered with increased production in the country’s apparel sector, Sri Lanka Purchasing Managers’ Index (PMI) for the m

Sri Lanka is to host the 32nd Joint Meeting of The World Tourism Organization’s (UNWTO) Commission for East Asia and the Pacific (CAP) and Commission for South Asia (CSA) in 2020. During its 31st joint meeting held i

Finance Minister Mangala Samaraweera’s proposal in his budget 2019 to remove the pensioners’ salary anomalies will be implemented effective next month, a Finance Ministry statement said.

Sri Lanka’s hoteliers have urged the government to underwrite working capital loans on top of the one-year moratorium given on tourism sector loans as “no immediate turnaround is in sight” for the industry in the aftermath of the Easter Sunday

The Board of investment (BOI) has called for Request for Proposals (RFPs) to develop land belonging to the former Bogambara Prison and two plots in Katunayake Export Processing Zone as tourism projects.

LUXEMBOURG (AFP) - EU finance ministers agreed on the broad outlines of a eurozone budget early yesterday, a key reform pushed by Paris that was scaled back amid deep resistance from the Netherlands.

Most Asian markets fell yesterday on geopolitical concerns, uncertainty over the China-US trade row and the outlook for the global economy, while oil prices were mixed after the previous day’s surge fuelled by attacks on two ta

HONG KONG (AFP) - Top executives in Hong Kong have warned they will have “no reason to stay” if the city’s freedoms are damaged by a proposed bill allowing extradition to mainland China.

HONG KONG (Reuters) - Huawei will delay the launch of its much-touted foldable 5G Mate X smartphone by three months, the latest setback for the company that was slapped with U.S. sanctions last month.

‘Future Minds 2019’ higher education and career gateway exhibition opened at the BMICH yesterday. The exhibition will be held in Colombo till June 16, then at Kandy City Centre on June 22 and 23, and finally at Hall de Galle on September 7 and 8.

SANTIAGO (AFP) - Workers employed by the world’s top copper producer went on strike yesterday at the sprawling Chuquicamata mine in Chile, unions said. Three unions issued a statement saying adherence to the stoppage was massive at the mine operate

PARIS (AFP) - Tepid growth in demand for oil along with ample supplies from non-OPEC countries will complicate efforts by the cartel and its allies to boost prices, the IEA said in a report yesterday.

REUTERS - Sri Lankan shares snapped a five-day rally to end a tad weaker yesterday, slipping from a near six-week high hit in the last session, as foreign fund outflows from equities continued, while the rupee fell on p

Social media have ascertained a dynamic and organic rapport with politics. Smartly hijacking the command print and broadcast media had over public affairs, now social media determine, to a large extent, how we are governed and by whom.

Sri Lanka’s banking sector has received a record 1055 applications requesting for moratoriums on outstanding loans worth Rs.62 billion by the struggling tourism industry at the end of May, According to the Central Bank.

A Spanish investor has signed an agreement with the Board of Investment (BOI) to construct and operate 43 luxury cabanas in Palatupana, Yala.

Finlays Colombo Ltd. (Finlays) has sold its temperature-controlled logistics business in Sri Lanka operating under Finlay Cold Storage (Pvt) Ltd. to Emergent Cold for Rs.3.62 billion, Finlays Colombo’s latest annual report indicated.

Sluggish economy and weakened consumer confidence could persist until the Presidential election is announced towards the latter part of the year. But the collapse in the rupee could be less severe than earlier predicted due to a potentially weak doll

(Colombo) REUTERS: Sri Lankan shares rose for the fifth straight session yesterday to end at a near six-week high on local buying, even as foreign investors continued exiting the island nation’s risky assets, while the rupee edged lower on importer

The government will increase a monthly allowance given to differently-abled people to Rs.5, 000 from Rs.3, 000, Finance Ministry said in a statement.

(London) AFP: World oil prices surged yesterday on reports that two tankers had been attacked in the Gulf of Oman, worsening frayed tensions in the crude-rich Middle East region, analysts said.

Sri Lanka Tourism this week launched a new and updated website www.SriLanka.travel aimed at serving the potential tourists as a ‘one-stop-shop.’ Earlier, Sri Lanka Tourism Development Authority (SLTDA) and Sri Lanka Tourism Promotions Bureau (STP

Social media have ascertained a dynamic and organic rapport with politics. Smartly hijacking the command print and broadcast media had over public affairs, now social media determine, to a large extent, how we are governed and by whom.