Belluna Co., a Tokyo Stock Exchange - First Section listed company, and a significant player in the global real estate industry said, it would invest up to US$ 500 million in Sri Lanka’s real estate and hospitality sectors. 

China’s massive and expanding ‘Belt and Road’ trade infrastructure project is running into speed bumps as some countries begin to grumble about being buried under Chinese debt.

IFC, the private sector funding arm of the World Bank, has significantly cut its exposure to the shares of Sri Lanka’s leading telco, Dialog Axiata PLC, most likely at a loss, according to stock analysts Mirror Business talked to.

The external environment facing Asia Pacific economies is becoming more difficult, but is unlikely as yet to have a significant impact on sovereign credit profiles, says Fitch Ratings.

With the fate of Sri Lanka’s plantation industry continuing to remain a hot-button issue of debate in the media, numerous views have been aired on the rationale behind the privatization of State plantations in 1992. 

Weak consumer sentiments hit Cargills Ceylon PLC as the country’s largest privately-owned retailer saw very little growth in the basket values of the shoppers during the quarter ended June 30, 2018.

Naturally, humans are willing to receive higher wages and salaries with the hope that it will lead to a better living standard. That is why; they stage strikes and demonstrations demanding higher salaries. 

A leading academic recently proposed to set up a coordination body and to launch a comprehensive watershed management plan to manage Sri Lanka’s water resources effectively as the current uncoordinated intuitional framework poses risks to the c

Motor car registration surged to three-year high in July before the Finance Ministry put brakes on the influx of motorcars with smaller engines in August, according to the vehicle registration data compiled by JB Securities, a Colombo-based equity br

Sri Lanka is strengthening relations with Vietnam and the Association of South East Asian Nations with Prime Minister Ranil Wickremesinghe due to address a World Economic Forum regional meeting in Hanoi shortly, officials said.

Turning a new page in the history for key Sri Lankan economic drivers—SMEs, informal enterprises and unlisted businesses—a pioneering financial auditing framework was unveiled in Colombo recently.   

Prime Minister Ranil Wickremesinghe affirmed that terming Sri Lanka’s tea industry as a matured industry was a mistake and asserted that the industry needs the state support to withstand growing

The Central Bank should play the role of a smart wife when dealing with the government, treating it as a husband who does things for overall welfare of the family while preserving its independence, said a retired Central Banker. 

The seismic vessel BGP Pioneer has arrived at the Colombo port to conduct a modern broadband 2D seismic survey for hydrocarbon exploration in selected offshore locations around the country. The study is carried out by Eastern Echo DMCC, a fully owned

Emerging market currencies sank in Asia yesterday, with the Indian rupee at a record low as dealers fear contagion from financial crises in Argentina and Turkey.  

A delegation of 14 entrepreneurs from one of China’s leading business chambers, the China International Chamber of Commerce for the Private Sector (CICCPS) visited the BOI with a view of exploring possibilities of investment in the island.

WASHINGTON (AFP) - With Friday’s deadline fast approaching, talks continued late into the night on Thursday without reaching a deal between Canada and the US on an overhaul of the North American Free Trade Agreement.

BEIJING (AFP) - Amid farmlands on the outskirts of Beijing, a massive construction site rising above the horizon bustles with activity as 8,000 workers build a new mega airport.

Emirati and foreigners eat at a restaurant in Dubai.

BEIJING (AFP) -  African leaders will gather in Beijing Monday for a summit focused on economic ties, granting China a feel-good photo opportunity as it comes under increasing fire for its debt-laden approach to aid in the developing world.

COLOMBO (Reuters) - The Sri Lankan rupee dropped to an all-time low yesterday, marking its ninth straight session of setting fresh lows, as dollar demand from importers remained strong.

LONDON (AFP) - Coca-Cola said yesterday it had agreed to buy international coffee chain Costa from its UK owner Whitbread, in a deal that gives the beverages behemoth its first global coffee brand.

The 28th edition of the FACETS International Gem & Jewelry Exhibition opened with a grand inauguration ceremony at the BMICH yesterday. 

The UN independent expert on foreign debt and human rights, Juan Pablo Bohoslavsky, will be on an official visit to Sri Lanka from 3 to 11 September, at the invitation of the Government.

The Central Bank remains hopeful that it can migrate to flexible inflation targeting in the first quarter of next year— one year before it was originally planned.  Flexible inflation targeting is where the interest rates are determined aim

The Commercial Bank of Ceylon has received registrations for  a whopping Rs. 10 billion in loans to Small and Medium Enterprises (SMEs), under the government’s ‘Enterprise Sri Lanka’ initiative launched in June this year to sti

Sri Lanka’s top business tycoons expressed frustration over inconsistencies in government’s policies and an absence of clear leadership for policy implementation, but expressed keenness to engage the government, acknowledging that politic

Expolanka Freight (EFL), a global freight-forwarding company headquartered in Sri Lanka is setting up its 18th overseas operations in the regional hub of Malaysia.  The company is taking over an existing operation managed by its parent company S

COLOMBO (Reuters) - Sri Lankan shares ended higher yesterday, moving away from their lowest close in 17 months hit earlier this week, as reports that the main state-owned pens

COLOMBO (Reuters) - The Sri Lankan rupee dropped to an all-time low yesterday, marking its eighth straight session of setting fresh record lows, as dollar demand from importers remained strong amid sluggish inflows. The rupee, which hit a fresh recor