(Colombo) REUTERS: The Sri Lankan rupee hit a fresh low yesterday before ending steady as late dollar sales by banks outpaced demand for the greenback from importers early in the day.

The Petroleum Resources Development Ministry has called for requests for qualification (RFQ) to issue new licences to import, export, supply, blend and distribute lubricants with certain barriers, under the third round of lubricant industry liberalis

Sri Lanka Tourism has upped the tourist arrival target to three million arrivals from 2.5 million this year, while eyeing four million tourist arrivals next year, as the new tourism promotional campaigns are getting off the ground.

(Colombo) REUTERS: Sri Lankan shares fell for a third straight session yesterday and marked a two-week closing low as foreign investors sold blue-chips after a research report said the country was facing risk of an exchange rate crisis.

Improving the welfare of Asian farmers depends on strategically investing in collecting “good data”. Most of Asia’s poor live in rural areas and rely on agriculture as their main source of income.

Following is a brief interview with Bhavik Rathod - Head of Uber Eats India & South Asia on the launch of Uber Eats in Sri Lanka recently.  What is Uber Eats and why are you launching it in Colombo?

Shilpa Abhimani 2018 Presidential Handicraft Award Ceremony organised by the Industry and Commerce Ministry and National Crafts Council was launched yesterday at the BMICH under the patronage of Industry and Commerce Minister Rishad Bathiudeen.

Sri Lanka Economic Summit 2018 will be inaugurated this morning at Cinnamon Grand Colombo.

Growth in new loans by Sri Lankan banks accelerated pace during July from a month ago as the lenders try to beat to odds of the tight economy to meet their internal growth targets during the second half of the year.

With May’s major flooding in Ratnapura, a city in Sri Lanka, and its disastrous consequences still fresh in our minds, it reminds me of a similar occurrence, this time in the city of Buenos Aires.  

There appears to be no end in sight to the rising sour loans in the Sri Lanka’s banking sector as the non-performing loans continue to head north while the Central Bank expects further gloom in the picture ahead. 

Sri Lanka’s insurance industry regulator, the Insurance Regulatory Commission of Sri Lanka (IRCSL) has been operating without a permanent actuary or an actuarial consultant since last year, posing risks to policyholders, an Industry professiona

The Ministry of Petroleum Resources Development has called for Requests for Qualification (RFQ) to issue new licences to import, export, supply, blend and distribute lubricants with cert

The shareholders of NDB approved a capital raising of over Rs. 6.2 billion via a rights issue at an Extraordinary General Meeting (EGM) held at the NDB-EDB Tower yesterday. The funds to be raised are primarily to supplement growth and to improve the

Sri Lanka should establish an interest rate cap for all financial institutions and individual lenders operating in the microcredit business to assess the credit risk of their loans and regulate and restrict the actions they can take to collect the lo

The Board of Directors of Seylan Bank PLC has appointed its non executive Director and LOLC Group Managing Director/CEO Kapila Jayawardena as Deputy Chairman of the Board with effect from September 10, 2018, according to a CSE filing.

Sri Lanka Tourism has upped its tourist arrivals target to three million from 2.5 million this year, while eyeing four million tourist arrivals next year as the new tourism promotional campaigns are getting off the ground.

The Sri Lanka Tea Board (SLTB) is to launch the global promotional campaign initially in four markets: Russia, Ukraine, China and Saudi Arabia, on social media and digital print media, with possible delays. 

In a bid to attract more tourists to Sri Lanka, the government is launching a new system for tourists to reclaim 15 percent VAT for the goods they have purchased in Sri Lanka, with effect from today, the Finance and Mass Media Ministry announced yest

(Colombo) Reuters: Sri Lankan shares fell to one-week closing low yesterday as foreign investors sold blue chips such as conglomerate John Keells Holdings PLC.

(Colombo) REUTERS: The Sri Lankan rupee ended weaker on Monday as importer dollar demand surpassed greenback sales by banks and the U.S. currency strengthened globally, dealers said.

Sierra Cables PLC said it was transferred to the watch list by the Colombo Stock Exchange after the company auditor raised doubts over the going concern of two of its subsidiaries. 

The government is in discussion with the private sector to amend some of the taxes recently imposed on it, which have been identified as hindering the growth of the private sector, Prime Minister Ranil Wickremesinghe revealed. 

A leading academic warned that attempts and the discourse to backtrack on the already enacted Sri Lanka-Singapore Free Trade Agreement (SLSFTA) would hurt the country’s chances of entering into future foreign treaties.

Sri Lankan tea exporters are looking at destinations outside the country to set up blending houses to regain competitiveness and cater to emerging markets’ needs, a leading tea exporter said.  

REUTERS: U.S. President Trump tweeted on Saturday that Apple Inc should make products inside the United States if it wants to avoid tariffs on Chinese imports. The company told tra

(Colombo) REUTERS: Sri Lanka’s Central Bank will intervene in the foreign exchange markets if its rupee currency moves for any reasons other than global trends, Nandalal Weerasing

(Beijing) AFP: Alibaba co-founder and Chairman Jack Ma will unveil a succession plan today, the South China Morning Post (SCMP) reported Sunday, with a company spokesman de

Former Commercial Bank CEO Jegan Durairatnam, who recently retired, has been appointed to the director boards of two listed firms—a bank and a hotel owning company.

The U.S. Agency for International Development (USAID), with the USAID Development Credit Authority (DCA), Hatton National Bank PLC and Sampath Bank PLC have announced a new