(Moscow) REUTERS: Rising protectionism and trade wars and the unpredictability of the US administration have greatly contributed to global oil price volatility over the past two years, Russian Energy Minister Alexander Novak said yesterday. Oil price

(Hong Kong) REUTERS: Huawei Technologies is expected to record a 21 percent jump in revenue for 2018 to US $ 109 billion, its rotating chairman said, marking the Chinese tech giant’s fastest pace of business growth in two years despite heighten

The government’s revenue projection for this year from the country’s booming tourism industry is US $ 4.4 billion as tourist arrivals grew 11.2 percent in the first 11 months with India,

Super luxury passenger vessel M.V. Marella Discovery of Marella Cruises, with 1,732 passengers and 764 crew on board, made her maiden call at the Port of Colombo in December 2018. 

Tea exports fell by 8.6 percent in November while tea production recorded a marginal decline overshadowed by unfavourable weather conditions and production disruptions due to trade union actions in the estates managed by Regional Plantation Companies

(Colombo) REUTERS: Sri Lanka’s Central Bank is expected to leave its key interest rates steady yesterday, a Reuters poll showed, despite heavy pressure on the rupee from a political crisis that triggered foreign outflows from stocks and governm

(Tokyo) REUTERS: Japan will resume commercial whaling from July in its waters and exclusive economic zone while ending its controversial hunts in the Antarctic, it said yesterday, as it announced its withdrawal from the International Whaling Commissi

President Maithripala Sirisena appointed a 29-member Cabinet last week after two months of political turmoil. It was reported that the United National Party (UNP) has sent in 36 names to the president to be appointed as ministers and that Sirisena ha

The Jetwing Lighthouse hotel in Galle will undergo a Rs.450 million refurbishment to its rooms, public areas, service areas and plant and equipment.  

Resus Energy PLC, a venture capital company, is to amalgamate with its wholly-owned mini-hydro subsidiary companies, which will alter the nature of business carried out by the company thus far.

National Development Bank PLC (NDB) last week announced plans to raise up to Rs.6.5 billion through Basel III-compliant debentures.  

Sri Lanka’s merchandise export earnings are likely to accelerate to 6.3 percent year-on-year (YoY) next year, while the growth of cost of merchandise imports is set to decelerate to 6.6 percent YoY, easing off the pressure on balance of payment

The earnings sent by Sri Lankans working aboard rebounded in October, ending a five-month declining streak, the data released by the Central  Bank showed. 

Due to Christmas holidays, Mirror Business will not be printed on Dec.25th and 26th. The next issue will be on Dec.27.

This year final monetary policy review, Monetary Policy No.08, will be announced on Dec.28 at 7.30 a.m., the Central Bank said. The Central Bank is expected to hold the policy rates

The Colombo Stock Exchange (CSE) last Friday announced the changes in the S&P Sri Lanka 20 index constituents made by S&P Dow Jones Indices at the 2018 year-end index rebalance.

Registration of motor vehicles across most categories has finally slowed down in November in response to the restrictions imposed on such imports and their financing in August and Se

Sri Lanka’s national inflation accelerated in November as the country’s high food prices further rose in the month pushing the overall prices by 1.0 percent during the last 12 months. 

Sri Lanka tourism expects a boost by hosting the Convention on International Trade in Endangered Species of Wild Fauna and Flora’s (CITES) World Wildlife Conference next May where

Sri Lanka’s trade deficit hit US $ 903 million in October expanding from US $ 752 million recorded in the same month in 2017, as the country’s import bill rose significantly compared to languishing exports. 

With Christmas round the corner, shopping hype has gained momentum with an array of goods for the festive season. Here some shoppers selecting Christmas decors in one of the streets in Colombo. 

HONG KONG (AFP) - Fresh political turbulence in Washington and renewed fears over US-China relations pushed Asian markets lower yesterday, as a global slump sparked by unease over Fed policy showed no signs  of easing.

The International Chamber of Commerce Sri Lanka (ICCSL) is grateful to the President, Prime Minister, Speaker and leaders of political leaders for restoring normalcy and urges all parties concerned to work towards a common  development agenda.&n

Sri Lanka Tourism is targeting four million tourist arrivals and US$ 5 billion foreign exchange earnings for 2019 with the launch of the long-delayed Global Tourism Promotion campaign in March next year, the Minister of Tourism Development, Christian

COLOMBO (Reuters) - The Sri Lankan rupee touched a record low in early trade on yesterday and ended weaker amid pressure on the currency due to foreign outflows from bonds and

TOKYO (AFP) - Japanese prosecutors re-arrested former Nissan boss Carlos Ghosn over fresh allegations yesterday, apparently dashing his hopes of being home for Christmas in the latest twist to a rollercoaster saga.

VILNIUS (AFP) - Lithuania’s central bank said yesterday it has granted Google a pan-European e-money licence as the Baltic eurozone state seeks to attract firms concerned that Brexit may bar them from the EU market. Google Payment Lithuan

ABU DHABI (AFP) - The United Arab Emirates will deposit US$ 3 billion in the central bank of Pakistan to help ‘enhance liquidity’ as the country struggles with a balance of payments cris

Sri Lanka’s premier trade chamber Ceylon Chamber of Commerce (CCC) said it holds President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe responsible and accountable for the choice of ministers appointed yesterday.

(Colombo) REUTERS: The Sri Lankan rupee touched a record low in early trade yesterday and ended weaker amid pressure on the currency due to foreign outflows from bonds and stocks as uncertainty from a political crisis dented sentiment. Sri Lankan Pre